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First, how to calculate the mortgage of automobile loan

The formula for calculating the monthly payment of the matching principal and interest repayment method is: monthly repayment amount = [loan principal × monthly interest rate ×( 1 interest rate )× repayment months ]=[( 1 interest rate )× repayment months]

Average capital repayment method: Monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.

Operation steps of the automobile loan calculator:

Step 1: First, choose whether the repayment method is average capital or equal principal and interest, and fill in the car loan period, loan amount and actual loan interest rate;

Step 2: Select whether to display repayment details, and click the Calculate button to obtain detailed information such as monthly repayment amount, total loan interest, total repayment amount and so on.

Note: The auto loan calculator is only applicable to loans with monthly repayment of principal and interest, not to loans with one-time repayment of principal.

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2. How much interest does the bank automobile mortgage need?

To calculate the interest of bank automobile mortgage, we must first understand the loan interest rate. At present, the benchmark loan interest rate is: 5.60% for less than one year, 6.0% for one to five years and 6. 15% for more than five years. Banks will be based on the benchmark interest rate of loans, and then float according to the actual situation of borrowers. Due to the different risk control methods of major banks and the actual situation of each borrower, we will calculate the benchmark interest rate.

Generally speaking, there are five maturities for bank automobile mortgage, namely 12, 24, 36, 48 and 60. The loan interest is directly related to the loan term. Suppose we need a loan of 200,000 yuan, and we all choose the repayment method of equal principal and interest. The loan 12 needs to pay 6 1 18.45 yuan, the loan 24, 12738.93 yuan, the loan 36, 19037.95 yuan and the loan 48,25456 yuan.

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How to calculate the interest and handling fee of car loan?

Calculation method of automobile loan interest:

The calculation formula of daily interest rate is generally: daily interest rate = annual interest rate /360-month payment = [loan principal × monthly interest rate ×( 1 interest rate )× repayment months ]≤[( 1 interest rate )× repayment months].

Monthly interest payable = loan principal × monthly interest rate × [( 1 interest rate )× repayment months -( 1 interest rate) ÷ [( 1 interest rate )× repayment months-1]]

Monthly repayment principal = loan principal × monthly interest rate ×(65438+ 10 interest rate) ÷ (repayment month serial number-1)÷[(65438+ 10 interest rate) repayment months-1].

Total interest = repayment months × monthly repayment amount-loan principal.

Extended data:

Processing flow:

First of all, the lender needs to prepare ID card, residence certificate, work certificate, loan use certificate and other supporting materials, go to a bank, fill out an application form and fill out a contract.

Then, wait for the bank's pre-loan qualification investigation and approval. If the lender meets the loan conditions stipulated by the bank, the bank will inform the lender to fill out some loan forms. If the loan applied by the lender needs mortgage or guarantee, it is also necessary to sign a guarantee contract and a mortgage contract, and go through the mortgage registration procedures; If so, there is no need to sign such a contract.

Secondly, banks issue loans to lenders. Generally, banks will lend money within 2 to 3 weeks or 1 month after the approval is completed, and the loan can be released within 1 day at the earliest.

Finally, the borrower will pay the down payment to the car dealer, and handle the car pick-up formalities with the passbook and the car pick-up note issued by the bank.

In the process of applying for personal automobile consumption loan, the applicant needs a copy of ID card, household registration book, marriage certificate, income certificate, bank statement, real estate license and so on.