2. daily interest rate: the daily interest rate is called the daily interest rate, and it is calculated on a daily basis. The calculation method is: daily interest rate = annual interest rate ÷36 (days) = monthly interest rate ÷3 (days).
3. annual interest rate: usually in the form of percentage of principal, interest is calculated annually. The calculation method is: annual interest rate = interest ÷ principal ÷ time ×1%.
4. annualized interest rate: refers to the interest rate at which the inherent rate of return of products is discounted to the whole year, which is quite different from the calculation method of annual interest rate. Assuming that the yield of a wealth management product is a year and the yield is b, the annualized interest rate R is calculated as R = (1+B) A-1.
5. calculation formula of equal principal and interest: [loan principal × monthly interest rate× (1+monthly interest rate) repayment months] ÷ repayment months [(1+ monthly interest rate) repayment months -1]
6. calculation formula of average capital: monthly repayment amount = (loan principal ÷ repayment months)+(principal
Extended information:
Bank loan refers to an economic behavior in which a bank lends funds to people in need at a certain interest rate according to national policies and agrees to return them within a specified time limit. Generally, you need guarantee, house mortgage, or proof of income and good personal credit information to apply.
Moreover, in different countries and different development periods of a country, the types of loans classified according to various standards are also different. For example, industrial and commercial loans in the United States mainly include ordinary loan quotas, working capital loans, standby loan commitments, and project loans. In Britain, industrial and commercial loans are mostly in the form of discounted bills, credit accounts and overdraft accounts.
according to different classification standards, there are different types of bank loans. For example:
1. According to different repayment periods, it can be divided into short-term loans, medium-term loans and long-term loans;
2. According to different repayment methods, it can be divided into demand loan, term loan and overdraft;
3. According to the purpose or object of the loan, it can be divided into industrial and commercial loans, agricultural loans, consumer loans, securities broker loans and so on.
4. according to the different loan guarantee conditions, it can be divided into bill discount loan, bill mortgage loan, commodity mortgage loan and credit loan.
5. According to the loan amount, it can be divided into wholesale loans and retail loans;
6. according to the different ways of interest rate agreement, it can be divided into fixed interest rate loans and floating interest rate loans, and so on.
short-term loans refer to loans with a loan term of less than one year (including one year). Short-term loans are generally used for the liquidity needs of the borrower's production and operation.
The currencies of short-term loans include RMB and major convertible currencies of other countries and regions. The term of short-term working capital loans is generally about half a year, and the longest is no more than one year; Short-term loans can only be extended once, and the extension period cannot exceed the original term.
The loan interest rate is determined according to the interest rate policy and the floating range of the loan interest rate formulated by the People's Bank of China, and according to the nature, currency, purpose, method, term and risk of the loan, among which the foreign exchange loan interest rate is divided into floating interest rate and fixed interest rate. The loan interest rate is indicated in the loan contract, which customers can check when applying for a loan. Overdue loans will be penalized according to regulations.
The advantage of short-term loans is that the interest rate is relatively low, and the supply and repayment of funds are relatively stable. The disadvantage is that it cannot meet the long-term capital needs of enterprises. At the same time, because short-term loans use fixed interest rates, the interests of enterprises may be affected by interest rate fluctuations.