Equal monthly payment of principal and interest = principal*monthly interest rate*(1+monthly interest rate)^number of loan periods/[(1+monthly interest rate)^number of loan periods-1]

The latest loan interest rate in 2013 is:

The interest rate for short-term loans within 6 months is 5.60%

The interest rate for medium- and long-term loans from 1 to 3 years is 6.15%

The 5-year loan is 6.4%, and the 10-year loan is 6.55%.

It is recommended that you use the Rong360 loan calculator to calculate.