The five-year monthly payment for a loan of RMB 300,000 is RMB 5,926.2. The monthly payment for ten years is 3491.1 yuan.

The method of repaying the principal and interest of the loan shall be agreed upon by the borrower and the lender and shall be stated in the loan contract. If the loan term is within 1 year (including 1 year), the principal and interest will be paid in one lump sum upon maturity, and the interest will be paid off along with the principal. If the loan term is more than 1 year, the loan principal and interest will be repaid monthly, and the repayment methods are equal principal repayment and equal principal and interest repayment.

Monthly payment classification:

The repayment methods of mortgage loans in my country include: one-time repayment with a loan period of 1 year, equal principal and interest or equal payments with a loan period of more than 1 year. Principal repayment method.

Equal principal and interest repayment: The monthly repayment amount is the same, but the principal part increases month by month, while the interest part decreases month by month. During the repayment period, the total interest paid is higher than the equal principal repayment method.

Equal principal payments: The monthly repayment amount decreases month by month, with the principal portion remaining unchanged and the interest decreasing month by month. During the repayment period, the total interest expense paid is lower than the equal principal and interest method, but the early repayment amount (including principal and interest) is higher than the equal principal and interest repayment method.

Reference for the above content: Baidu Encyclopedia-Monthly Payment