1. What is the interest rate of China Merchants Bank's car loan and how to calculate the monthly car loan repayment amount
Nowadays, car loan has become the choice of more and more people. Car loan not only needs to care about the car loan process and procedures, but also concerns everyone. Here, taking the recruitment behavior as an example, the interest rate of car loan and the monthly repayment amount of car loan are introduced.
There are two main ways to buy a car by installment with a card in China Merchants Bank. The floating rate of China Merchants Bank is related to the borrower's conditions, repayment ability and the specific situation of the bank. Generally, 3% or 4% is the majority. The term of China Merchants Bank's car loan is generally less than three years, and the longest is no more than five years. The repayment method can be calculated by the monthly repayment amount. You can use Easy Loan Network
Auto Loan Calculator
to calculate the monthly repayment amount by inputting the loan amount and loan interest method.
There is no loan interest for China Merchants Bank's credit card installment, but there is an installment fee. Different models, different cooperative dealers and different stages may be different. For example, at present, the credit card rate of China Merchants Bank is: the total handling fee for 12 periods is 5.5%, the total handling fee for 24 periods is 1.5%, and the total handling fee for 48 periods is 19.%. Monthly repayment amount, repayment fee. China Merchants Bank's credit card car purchase fee is generally charged on a monthly basis.
second, how to calculate the monthly repayment of car loan?
car loan calculation formula: 1. repayment method of principal and interest, that is, the loan principal and interest are repaid in equal amount every month during the loan period, and the monthly repayment calculation formula is: monthly repayment amount = loan principal × monthly interest rate× (January interest rate) repayment months/[(January interest rate) repayment months -1]; CarLoan refers to the loan granted by the lender to the borrower who applies for buying a car. The actual interest rate of car loan is set by the handling bank according to the actual situation of customers and with reference to the benchmark interest rate stipulated by the central bank. There are three types of car loans: direct, indirect and credit card. The term of car loan is generally 1-3 years, and the longest is no more than 5 years. Car loan types Car loan personal loan car purchase business is divided into three types: direct customer, indirect customer and credit card car loan. The direct customer type is generally a bank car loan for customers to meet directly for loans, and the indirect customer type is generally a car loan for auto finance companies to transfer customers' car loans. For direct bank car loans, the fees charged are deposit, principal and interest, 3% guarantee fee, etc., and the bank's premium customer fees will be discounted, but the preferential policies of each bank are different. In addition to paying the above fees, the car loan of an individual car finance company also needs to bear the supervision fee, fleet management fee, and warranty renewal deposit. There is also a credit card car loan. The credit card installment car loan only provides installment payment for bank credit card users, not all conditions can be handled, and there is also an audit procedure, which is difficult for credit card users with bad credit records to handle. The specific steps of buying a car by credit card are as follows: 1. The cardholder (or applicant) calls the credit card center of the bank or goes to the local bank to find out whether he can apply for a credit card car loan. 2. The cardholder holds his/her ID card and goes to the dealer to fill in the installment order for car purchase, which will be reviewed by the bank background. 3. When the order is approved, the cardholder pays the down payment and goes through the normal car purchase procedures. 4. After the vehicle is licensed, the cardholder needs to go through the mortgage formalities with the bank and purchase the required auto insurance. Finally, we can drive our car away smoothly. Loan conditions 1. Have valid identification and full capacity for civil conduct; 2. Can provide fixed and detailed proof of address; 3. Have a stable occupation and the ability to repay the loan principal and interest on schedule; 4. Personal social credit is good; 5. Holding a car purchase contract or agreement approved by the lender; 6. Other conditions stipulated by the cooperative organization.
3. How to calculate the penalty for prepayment of car loan of China Merchants Bank?
there is no penalty. China Merchants Bank's car loan products are very good. As long as there is no penalty for prepayment, the subsequent interest is no longer charged, which is still very good.
fourth, what is the interest rate of China Merchants Bank's car loan and how to calculate the monthly car loan repayment amount
Nowadays, car loan has become the choice of more and more people. Car loan not only needs to be concerned about the car loan process, procedures and lending time, but also the interest rate of car loan. Here, taking the behavior as an example, introduce the interest rate of car loan and the calculation method of monthly repayment amount of car loan. There are two main ways to get car loans from China Merchants Bank, one is car consumption loans, and the other is buying a car by installment with China Merchants Bank credit cards. The interest rate of China Merchants Bank's automobile consumption loan will generally rise above the benchmark interest rate, and the increase is related to the borrower's conditions, repayment ability and the specific situation of the bank. Under normal circumstances, China Merchants Bank's car loan interest rate rises by 3% to 4%. The term of China Merchants Bank's car loan is generally less than three years, and the longest is no more than five years. The repayment method can be average capital or equal principal and interest, and the monthly repayment amount can be calculated by using Easy Loan Auto Loan Calculator. Enter the loan amount, loan interest rate and loan term, and select the repayment method to calculate the monthly repayment amount. China Merchants Bank credit card installment, there is no loan interest, but there is an installment fee. The installment fees for different models, different cooperative dealers and different installment periods may be different. For example, at present, the handling fee rate for purchasing Audi A4 by installment payment with China Merchants Bank's credit card is: 12 installments total 5.5%, 24 installments total 1.5%, 36 installments total 14.5%, and 48 installments total 19.%. The monthly repayment amount, in addition to the installment principal, also includes the installment repayment fee. China Merchants Bank's credit card car purchase fee is generally charged on a monthly basis.