1. Calculate the monthly payment, total interest and total repayment when the average capital and equal principal and interest repayment methods are selected for commercial loans.

2. Short-term loans generally use one-time repayment of principal and interest or installment repayment of principal and interest, and this calculator is not applicable.

Second, the commercial loan calculator operation steps

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

Step 2: Select whether to display repayment details, and click "Calculate" to get detailed information such as monthly repayment amount, total loan interest, total repayment amount, etc.

Three. Matters needing attention in using commercial loan calculator

1. Loan is a form of credit that lends money according to interest rate and repayment terms. Lenders are divided into banks and various credit institutions. The types of loans are personal loans, auto loans, housing loans, provident fund loans, consumer loans, credit loans and unsecured loans. The latest loan interest rate is defined as follows: 1. Short-term loans from six months to one year are:1within 80 days (inclusive)1.65438+5.6%; 2. 180 days to 365 days (inclusive) 6%. 2. The medium and long-term loan interest rate for one year to five years or more is: 1, and for one year to three years (inclusive) it is 6.15%; 2, three to five years (inclusive) 6.4%; 3, more than five years 6.55%.

2. Calculate the monthly payment, total interest and total repayment of commercial loans when choosing the repayment method of average capital and equal principal and interest.

Fourth, the best prepayment period

Commercial loans can be repaid in advance. How to judge the best prepayment period?

Now many people use the equal principal and interest repayment method. This repayment method means that the money paid back every month is equal, so in the early stage of repayment, interest accounts for a large proportion of the money paid back every month. In other words, in each month of repayment, the interest ratio is gradually decreasing. The first year of repayment, the most interest. Banks charge as much interest as possible for their own interests, so they thought of this method to prevent borrowers from repaying in advance during this period.

For borrowers, the equal principal and interest method pays the most interest in the first month and will gradually decrease in the future. Based on the repayment period of 20 years, if you want to repay in advance in previous years, the sooner the more cost-effective. But generally speaking, the interest paid in the first half of the repayment accounts for about 70%, so once this time period has passed, it is of little significance not to pay it back in advance.