1. Monthly interest rate: interest calculated on a monthly basis. The calculation method is: monthly interest rate = annual interest rate ÷ 12 (month).
2. Daily interest rate: The daily interest rate is called the daily interest rate and is calculated on a daily basis. The calculation method is: daily interest rate = annual interest rate ÷360 (days) = monthly interest rate ÷30 (days).
3. Annual interest rate: usually in the form of percentage of principal, interest is calculated annually. Calculation method: annual interest rate = interest ÷ principal ÷ time × 100%.
4. Annualized interest rate: refers to the interest rate at which the inherent rate of return of products is discounted to the whole year, which is quite different from the calculation method of annual interest rate. Assuming that the yield of a wealth management product is one year and the yield is B, the annualized interest rate R is calculated as R=( 1B)A- 1.
5. Calculation formula of equal principal and interest: [loan principal × monthly interest rate× (1interest rate) repayment months] ÷ repayment months [( 1 interest rate) repayment months-1]
6. Calculation formula of average fund: monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.
Extended information:
Bank loan refers to an economic behavior in which banks lend funds to people in need at a certain interest rate according to national policies and agree to return them within a specified time limit. Generally, you need a guarantee, a house mortgage, or proof of income, and your personal credit information is good before you can apply.
Moreover, in different countries and different development periods of a country, the types of loans classified according to various standards are also different. For example, industrial and commercial loans in the United States mainly include ordinary loan quotas, working capital loans, standby loan commitments, and project loans. In Britain, industrial and commercial loans are mostly in the form of discounted bills, credit accounts and overdraft accounts.
According to different classification standards, there are different types of bank loans. For example:
1. According to different repayment periods, it can be divided into short-term loans, medium-term loans and long-term loans;
2. According to different repayment methods, it can be divided into demand loans, term loans and overdrafts;
3. According to the purpose or object of the loan, it can be divided into industrial and commercial loans, agricultural loans, consumer loans and securities broker loans.
4. According to the different loan guarantee conditions, it can be divided into bill discount loan, bill mortgage loan, commodity mortgage loan and credit loan.
5. According to the loan amount, it can be divided into wholesale loans and retail loans;
6. According to the different ways of interest rate agreement, it can be divided into fixed interest rate loans and floating interest rate loans, and so on.
Short-term loans refer to loans with a loan term of 1 year (inclusive). Short-term loans are generally used for the liquidity needs of the borrower's production and operation.
The currencies of short-term loans include RMB and major convertible currencies of other countries and regions. The term of short-term working capital loans is generally about half a year, and the longest is no more than one year; Short-term loans can only be extended once, and the extension period cannot exceed the original period.
The loan interest rate is determined according to the interest rate policy formulated by the People's Bank of China and the floating range of the loan interest rate, as well as the nature, currency, use, method, term and risk of the loan, among which the foreign exchange loan interest rate is divided into floating interest rate and fixed interest rate. The loan interest rate is indicated in the loan contract, which customers can check when applying for a loan. Overdue loans will be punished according to regulations.
The advantages of short-term loans are relatively low interest rates and relatively stable capital supply and repayment. The disadvantage is that it cannot meet the long-term capital needs of enterprises. At the same time, because short-term loans use fixed interest rates, the interests of enterprises may be affected by interest rate fluctuations.
How to calculate the average interest rate of enterprise loans
Average interest rate algorithm of enterprise loans: average interest rate of loans = interest income of bank loans (16%)/ average daily loan balance. According to the relevant interest: the calculation formula of enterprise loan interest rate: average loan interest rate = bank loan interest income (16%)/ daily average loan balance.
How to calculate the weighted average interest rate of loans?
Weighted average interest rate = sum of actual interest incurred in the current period of special loan/weighted average of principal of special loan × 100%.
The numerator of the above formula "the sum of the interest actually incurred in the current period of special loans" refers to the amount of interest actually incurred by financial enterprises in the current period due to borrowed money.
The denominator of the above formula "weighted average of special loan principal" refers to the weighted average of the principal balance of various special loans in the accounting period, and its calculation should be determined according to the ratio of each special loan principal multiplied by the actual number of days occupied by the loan in the current period and the number of days covered in the accounting period. The calculation formula is:
Weighted average value of special loan principal = ∑ (principal of each special loan × days actually occupied by each special loan/days covered by accounting period)
In order to simplify the calculation, the number of months can also be used as the weight to calculate the weighted average of the principal of special loans.
If there is a discount or premium on these special loans, the amount of amortization discount or premium should also be used as the adjustment amount of interest, and the weighted average interest rate, that is, the capitalization rate, should be adjusted accordingly. Discount or premium can be amortized by the effective interest rate method or the straight-line method. At this point, the calculation formula of the weighted average interest rate is:
Weighted average interest rate = (the sum of the interest actually incurred in the current period of the special loan plus or minus the discount or premium to be amortized in the current period)/weighted average of the principal of the special loan × 100%.
Extended data:
Example:
A company applied for a loan of 1, 3-year and 5-year with interest rates of 6.00%, 6. 15% and 6.40% respectively. The loan period is five years, and the loan amount is 6,543,800 yuan. Calculate the weighted average interest rate of the project:
10006.00% 5 = 3 million yuan
10006.15% 5 = 3.075 million yuan.
10006.40% 5 = 3.2 million yuan
The total interest is: 9.275 million yuan.
927.5/3000/5=6. 18%
The weighted average interest rate of the loan of this project is 6. 18%.
The weighted average is characterized by several values and a period of time. Otherwise, it is the average. "