The calculation formula of car loan interest is: car loan interest = loan amount annual interest rate term. Car 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 borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct. Influencing factors of loan interest rate: benchmark loan interest rate stipulated by the People's Bank of China, market floating loan interest rate, personal qualification, preferential activities of banks/institutions, down payment ratio, etc. Large banks or lending institutions are generally designated according to the benchmark loan interest rate of the central bank, and the loan interest for buying a car is generally between 4% and 8%. Car loan interest rate refers to the loan interest rate that people use when they borrow money to buy a car. It is the interest rate of a specific automobile loan agreed by the lender and the borrower according to the statutory loan interest rate and the floating collusion range stipulated by the People's Bank of China, and it is stated in the loan contract. The actual interest rate of car loan is set 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, customers with excellent conditions can enjoy the benchmark interest rate or float down 10%, while ordinary customers need to float up 10% on the basis of the benchmark interest rate. The so-called zero interest rate means that consumers only need to pay a certain down payment when buying a car, and the rest can be paid to the lender in installments without paying any interest. Chen Hongsheng, the public relations minister of Dongfeng Citroen, said that car loans with zero interest rate and zero down payment are equivalent to disguised car promotion. Different from the situation abroad, the domestic' zero interest rate' cannot be regarded as a real interest-free loan. Whether users can get actual price concessions still needs to be measured by users themselves. Consumers should carefully consider this "zero interest rate" or "zero down payment" car loan method, and ask about the possible costs in the middle of the service, otherwise it may not be worth the loss.
Second, how to calculate the interest on car loans?
Car loan calculation formula: annual interest of car loan = car.
It is generally known that the annual interest rate of car loan can be calculated by knowing the principal and annual interest rate of car loan, both of which are stated in the car loan contract. For example, the principal rate of car loan is equal to the principal of car loan × the annual interest rate of car loan = 65438+ 10,000 yuan × 8% = 8,000 yuan.
Extended information:
Auto loan refers to a new type of loan that the lender provides RMB-guaranteed loans to borrowers who apply for cars and car buyers who buy cars at their special dealers.
The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.
Matters needing attention in auto loan are as follows:
1. After enjoying the "zero-interest-free loan" from the merchant, can I still enjoy the preferential price of the car?
Car loan fees range from 4% to 7.5%. Whether the interest is exempted increases the handling fee.
3. The car purchase interest rate is charged according to the bank's benchmark interest rate. Interest fluctuates on the basis of the bank's benchmark interest rate, regardless of whether the handling fee is unavoidable.
When you get a car loan, the most important thing is to shop around. Qualified and powerful regular car loan service companies not only have standardized services and charges, but also leave no hidden dangers.
Factors that generate interest:
1. delayed consumption. Lenders lend money, which is equivalent to delaying the consumption of consumer goods. According to the principle of time preference, consumers will prefer present goods to future goods, so there will be positive interest rates in the free market.
Most economies issue a certain amount of money. You will buy less goods in the future than you do now. So the borrower needs to compensate the lender for the losses during this period.
3. Lenders can choose to invest their funds in other investments instead of alternative investments. Because of the opportunity cost, the lender gave up the possible return on other investments. The borrower needs to make other investments.
4. Investment risk: The borrower faces the risk of bankruptcy, absconding or non-repayment of debts at any time, and the lender needs to charge extra fees to ensure that he can still get compensation under these circumstances.
Your own funds or resources can be traded instantly at any time. Interest rate is also a kind of compensation for this.
Third, how to calculate the interest on car loans?
If you apply for a personal car loan at China Merchants Bank, the "loan interest" is calculated according to the total loan amount, loan period, execution interest rate, repayment method and other factors. If you want to make a trial calculation for reference, please go to the home page of China Merchants Bank and click "Financial Calculator"-"Personal Loan Calculator" on the right to try to make a trial calculation using the benchmark interest rate of the current loan. (You can view information such as monthly payment, monthly payment principal, monthly payment interest, principal balance, total interest and total repayment).
4. How much is the interest on car loan for two years?
The total interest rate of car loan for two years is currently 7%-9.5%. Among them, 7% interest rate corresponds to the annualized loan interest rate of about 6.7%, 8% to the annualized loan interest rate of about 7.7%, and 9.5% to the annualized loan interest rate of 9. 1%. Calculate according to this.