The loan principal is 300,000 yuan, with a term of 20 years. According to the benchmark annual interest rate of China People's Bank for loans over 5 years (unchanged), the repayment method of equal principal and interest is adopted, with monthly payment of 1963.33, total repayment amount of 47 1 199.72 and total interest amount of 65,438. The monthly payment is decreasing, such as the first installment: 2475, and then the decreasing amount of each installment is 5. 1, the total repayment amount is 4476 12.5, and the total interest is 1476 12.5.

Bank loan refers to an economic behavior that banks lend funds to people in need of funds at a certain interest rate according to national policies and return them within the agreed time limit. Generally, you need a guarantee, a house mortgage, proof of income and good personal credit information 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 limits, working capital loans, standby loan commitments, and project loans. In Britain, industrial and commercial loans mostly take the form of discounted bills, credit accounts and overdraft accounts.

Basic definition: Bank loan refers to an economic behavior that an individual or enterprise lends funds to an individual or enterprise in need of funds at a certain interest rate according to the policies of the country where the bank is located, and agrees to return them within a specified period of time.

According to different classification standards, there are many 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 different purposes or objects 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 scale, 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.