Matching principal and interest refers to a loan repayment method, that is, repaying the same amount of loans (including principal and interest) every month during the repayment period. The calculation formula is a = f * i (1+i) n/[(1+i) n-1], a: monthly payment, f: total loan amount, and i: loan interest rate (monthly interest rate); N: repayment months, electricity.

Suppose the borrower gets a personal housing loan of 200,000 yuan from the bank, the loan term is 20 years, the annual interest rate is 4.2%, and the principal and interest are repaid every month. According to the above formula, the sum of monthly principal and interest payable is 1233. 14 yuan. The above results only give the sum of the principal and interest payable each month, so it is necessary to break down the principal and interest. Still on the basis of the above example, one month is one installment, the loan balance of the first installment is 200,000 yuan, the interest payable is 700 yuan (200,000× 4.2%/12), the principal is 533. 14 yuan, and the bank loan is still 19466.86 yuan; The interest payable in the second phase is (199466.86× 4.2%/12).

Tips: The above contents are for reference only.

Reply time: 202 1- 12-22. Please refer to the latest business changes announced by Ping An Bank in official website.