For example:
The commercial loan is 200,000 yuan, the loan term is 15 years, and the monthly repayment amount is: the monthly interest rate is 5.58%12 = 0.465%, and the repayment period is 15× 12 = 180 (month). That is, the borrower repays 1 642.66 yuan to the bank every month. After 65,438+05 years, the principal and interest of the loan of 200,000 yuan will be paid off in full.
Extended data:
Matching principal and interest repayment method, that is, the borrower repays the loan principal and interest in equal amount every month, in which the monthly loan interest is calculated according to the remaining loan principal at the beginning of the month and paid off every month. This repayment method is convenient for borrowers to arrange their monthly living and financial management (such as renting a house), and it is undoubtedly a better choice for those who are proficient in investment and are good at "taking Qian Shengqian as their home".
Bank interest rate:
If you deposit money in the bank every day, you will get a day's interest. The more money you save, the more interest you will get. Similarly, the same is true for loans. If the bank loan exceeds one day, it will pay interest for one more day. The larger the loan amount, the more interest will be paid to the bank.
Bank calculation method:
The calculation formula of bank interest is: interest = amount of funds × interest rate × occupied time. Therefore, the amount of interest, under the condition of constant interest rate, can only be determined by the time and amount of funds actually occupied, but not by which repayment method. This is the unchangeable truth!
Different repayment methods are only set to meet the different needs or consumption preferences of people with different incomes, different ages and different consumption concepts. Its essence is nothing more than "chop and change" or "chop and change" to repay the loan principal first, which leads to the long-term use of the loan principal and short-term use, and then affects the increase and decrease of interest with the change of the actual amount of funds occupied and the length of the term.
It can be seen that no matter which repayment method is adopted, banks do not do business at a loss, and customers do not have the benefit of saving interest expenses.