Someone from Yixin Auto Loan got the green copy back.

First, the repayment methods of car loan are divided into: equal principal and interest, equal principal and interest. If friends who don’t know about loans can’t tell the difference between the two, let’s briefly talk about the difference here. . The calculation method of equal principal and equal interest: equal principal and equal interest, that is, the principal repayment in each period is the same as the principal repayment in each period! Just keep this in mind.

Second, the principal repayment in each period is to spread the loan principal evenly over the number of loan periods, and the interest in each period is the monthly interest rate based on the total loan amount. 4004__36=144144 (total repayment of principal and interest) 144144_107200=36944 (total interest) 36944_36=1026.22 (average repayment interest per period) 1026.22_107200=0.0957 (average monthly interest rate 9.6%) Therefore, when the principal and interest are equal, the car The monthly loan interest is 9.6%! The calculation method of equal principal and interest: the principal and interest repayment in each period change accordingly according to the remaining principal! Interest per period = annualized interest rate_100 (percentage)_12 (12 months)_remaining principal of the loan

Third, there is an early repayment plan: equal principal and equal interest

No early repayment plan: equal principal and interest

The repayment method of each loan product has been designed.

Moreover, it is impossible for the same product to have repayment methods of equal principal and interest and equal principal and interest.

How to specifically distinguish whether the product you choose is repayment of equal principal and interest or equal principal and interest. Repayment can be made clear through the repayment plan and loan contract.

According to the car greenback mortgage loan interest rate, the interest rate is above average.

The average monthly interest rate for bank car loan loans ranges from 4.6% to 8.37%

The average monthly interest rate for institutional car loan loans ranges from 7.5% to 1.14 cents

Four, normal For settlement, you can apply for settlement, decompression and transfer to the financial lease. If the settlement is normal and there are no other disputes (such as traffic violations, insurance), the matter can be resolved through negotiation. If the matter cannot be negotiated, legal procedures will be followed.