According to the loan interest rate, loan amount and loan term, the monthly repayment amount can be calculated. With a loan of 6,543,800,000 yuan, mortgage for 30 years, interest rate of 4.0%, total interest of 7,654,380,000 yuan, and monthly payment of 4,774,438 yuan+0.5 yuan; The interest rate dropped to 3.7%, the total interest was 657,000 yuan, and the monthly payment was 4,602.83 yuan.
In addition, it should be noted that this calculation result is based on the above assumptions, and the actual situation may be different due to factors such as lending institutions, loan purposes and repayment methods. And it needs to be calculated according to the specific situation. At present, the competition between banks is very fierce. In order to gain more market share, banks will adjust the loan interest rate according to the loan interest rate range stipulated by the state. Therefore, when making loans, the fund demanders should "shop around" and choose low-interest banks to lend.
Loan terms:
1, with stable income.
Source lending institutions usually require borrowers to have a stable source of income to ensure that borrowers can repay on time. Generally speaking, the borrower's monthly income should be more than twice the monthly repayment amount. In addition, the lender will also evaluate the borrower's repayment ability to ensure that the borrower can repay on time. This includes evaluating the borrower's debt status and financial status.
2. Have a good credit record.
Lending institutions will check the borrower's credit records to ensure that the borrower has no bad credit records such as overdue repayment and credit card overdraft. If it is a mortgage loan, the lending institution will require the borrower to provide enough collateral to ensure that when the borrower cannot repay the loan, it can make up for the loss by disposing of the collateral. Lending institutions usually require borrowers to provide proof of identity and age to ensure that borrowers meet the age and identity requirements of loans.