500,000 yuan loan, 5% interest, how much interest is needed for one month = 500,000 * 5%/ 12 = 2083.33. Process for handling bank loans: 1. The borrower applies for a loan; 2. Prepare loan related materials; 3. Customer manager loan survey; 4. Bank approval; 5. Both parties sign a loan contract; 6. Implement mortgage, pledge, unsecured contract or other guarantee contract; 7. Bank loans; 8. Post-loan management; 9. Repay the principal and interest when the loan is due.

1.7-day annualized expected rate of return and annual interest rate?

Seven-day annualized expected rate of return and annual interest rate belong to annualized expected rate of return, which is converted from the expected rate of return in a specific period of the year, so there is no conversion problem between the seven-day annualized expected rate of return and annual interest rate. For the seven-day annualized expected rate of return, many investors will be misled by the word "seven days", thinking that the seven-day annualized expected rate of return is the expected rate of return calculated according to seven days. In fact, the seven-day annualized expected rate of return is the data obtained by taking the average expected rate of return of the money fund in the last seven days and annualized. Seven-day annualized expected rate of return can also be roughly understood as "annual expected rate of return".

Two, seven days annualized expected rate of return and annual interest rate calculation example.

1 and 7-day annualized expected rate of return

Assuming that the 7-day annualized expected return of a fund product is 3%, based on the performance of the fund in the past 7 days, if the fund maintains this expected return level in the future, the expected return of the fund product in one year is 10000*3%, 300 yuan.

Note: This situation is based on assumptions. In fact, it is difficult for the future performance level of the fund to be completely consistent with the performance of the past seven days, so the actual expected return of the fund of one year 1 10,000 yuan will fluctuate in 300 yuan.

2. annualized expected rate of return

The annualized expected rate of return is usually used for wealth management products and deposit products. For deposit products, what is the agreed annualized expected rate of return, then what is the actual expected rate of return after maturity. For wealth management products, the annualized expected rate of return does not represent the actual expected return, but the gap is often not very large.