How to calculate the interest of e-flash loan of China Merchants Bank depends on which repayment method the user chooses, equal principal and interest or paying interest first.

For example, I borrowed 6,543,800 yuan from China Merchants Bank E for home improvement, and paid it off in 654.38+ 02 months. The monthly interest rate given by the bank was 0.5%.

1, equal repayment of principal and interest: the actual interest is 3,279.72 yuan (calculated by the loan calculator);

2. Repayment after interest: The actual interest is100000 * 0.5% *12 = 6000 yuan.