What is the loan interest rate difference of 1%?
Different loan amounts, terms and repayment methods will determine the interest to be paid together with the interest rate.
Suppose a property buyer borrows 6,543,800 yuan with a loan term of 30 years. If the loan interest rate starts at 4.20%.
1. According to the repayment method of equal principal and interest, the monthly repayment is 4,890.17 yuan, and the total interest is about 760,462 yuan. If the loan interest rate rises 1%, the monthly payment will increase to 549 1. 1 1 yuan, and the total interest will be about 976,798 yuan. Therefore, when the loan is 1 10,000 yuan, the loan term is 30 years, and the loan interest rate is 4.20%, the interest rate will rise by 1%, and the buyer will pay 600 yuan more every month, with a total interest of about 2 1.63 million yuan. .
2. According to the repayment law of average capital, the total interest is about 63 1749 yuan. If the loan interest rate rises 1%, the total interest will be about 782 166. Under the repayment period of 30 years, the buyer will pay an extra interest of about150,000 yuan.
It can be seen that the loan interest rate difference of 1% in individual housing loans has a quite obvious impact on buyers, especially the repayment method of equal principal and interest.
Similarly, whether it is personal housing loans, corporate loans or other loans, the interest rate difference of 1% can bring greater economic pressure. Therefore, lenders should pay close attention to the change of interest rate in the process of lending, and carefully consider when choosing lending institutions.