2. The other is the repayment method in the average capital (interest is paid with the principal), that is, the loan principal is repaid in equal amount every month, and the loan interest decreases with the principal month by month. The calculation formula of monthly repayment amount is: monthly repayment amount = loan principal/months of loan term+(principal-accumulated amount of repaid principal) × monthly interest rate.
Auto loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio between the loan amount and the principal given by the bank to consumers, that is, borrowers, to buy their own cars (non-profit family cars or commercial cars with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.
benchmark interest rate
According to the regulations of the central bank, the benchmark interest rate is implemented for auto loans, but financial institutions can float within a certain range of the benchmark interest rate. The term of auto loans in major banks is generally less than five years, and the interest rate of auto loans directly determines people's loan costs, which has become an important factor in determining whether people lend.
How to calculate the interest rate of automobile loan
The calculation formula of monthly car loan: a = p (1+I) [(1+I) n-1]/N2/I.
A: Monthly contributions.
P: total donations
I: monthly interest rate (annual interest rate/12)
N: Total months of payment (year × 12)
loan rate
The actual interest rate of auto loans is determined by the handling bank according to the actual situation of customers and with reference to the benchmark interest rate stipulated by the central bank. Generally speaking, customers with excellent conditions can enjoy the benchmark interest rate or decrease by about 65,438+00%, while ordinary customers need to increase the benchmark interest rate by about 65,438+00%.
20 13 latest bank loan interest rate: benchmark floating 10%- 15%.
Personal loan car purchase business is divided into direct passenger transport, indirect passenger transport and credit card car purchase loans. The direct customer type is generally a bank car loan for customers to meet and directly apply for loans, and the indirect customer type is generally a car loan for auto financing companies to transfer customers' car loans.
For direct bank car loans, the fees charged are deposit, principal and interest, 3% guarantee fee and so on. And the bank's premium customer fees will be discounted, but the preferential policies of each bank are different.
In addition to the above fees, individual auto financing companies also need to bear supervision fees, fleet management fees and warranty renewal deposits.
There is also a credit card car loan. Credit card installment loan only provides installment payment for bank credit card users, not all conditions can be handled, and there is an audit procedure, which is difficult for credit card users with bad credit records to handle.