Bank of China loan interest rate calculator
Please follow the "Bank of China Micro Banking" WeChat official account and select "Micro Finance - Function Hall - Financial Tools and Information Inquiry - in the menu below "Loan Calculator" function, follow the prompts on the page to enter the calculation conditions for query.
The above content is for your reference, please refer to actual business regulations.
How to calculate credit loan interest rates
1. The basic formula for calculating interest. The basic formula for calculating interest on savings deposits is: Interest = Principal × Deposit Period × Interest Rate
< p> 2. Conversion of interest rates The conversion relationship between annual interest rate, monthly interest rate and daily interest rate is: annual interest rate = monthly interest rate × 12 (month) = daily interest rate × 360 (days); monthly interest rate = annual interest rate ÷ 12 (month) ) = daily interest rate × 30 (days); daily interest rate = annual interest rate ÷ 360 (days) = monthly interest rate ÷ 30 (days). The interest rate used should be consistent with the deposit period.3. Interest calculation starting point 1. The interest calculation starting point for savings deposits is yuan, and no interest will be paid on cents below yuan. 2. The interest amount is calculated to the nearest cent, and the cent will be rounded to the nearest cent upon actual payment. 3. Except for the annual settlement of current savings, which can transfer interest to the principal to earn interest, for all other savings deposits, regardless of the deposit period, the interest will be paid off along with the principal when withdrawn, without compound interest.
IV. Calculation of deposit period 1. Calculate the deposit period by counting the beginning and not the end. 2. Regardless of whether it is a big month, a small month, an ordinary month or a leap month, each month is calculated as 30 days, and the whole year is calculated as 360 days. 3. The maturity dates of various deposits are calculated on a year-to-month basis. If the account opening date is a missing date in the expiration month, the last day of the expiration month will be the maturity date.
5. Calculation of interest on foreign currency savings deposits The interest rate on foreign currency savings deposits shall comply with the interest rates announced by the People's Bank of China. Savings in the original currency shall be carried out and interest shall be calculated in the original currency (the auxiliary currency may be converted into RMB for payment based on the foreign exchange rate of the day). The interest calculation regulations and calculation methods are similar to the RMB savings method.
How to calculate bank loan interest and find the formula
How to calculate bank loan interest and find the formula
1. Calculation formula of equal principal and interest:
[ Loan principal x monthly interest rate p>
Monthly repayment amount = (loan principal ÷ number of repayment months) (principal - cumulative amount of repaid principal) × monthly interest rate
Among them, the ＾ symbol represents the exponent.
For example
Assume that the principal is 10,000 yuan, the bank loan is for 10 years, and the base interest rate is 6.65%. Compare the differences between the two loan methods:
< p> 3. Equal principal and interest repayment method:Monthly interest rate = annual interest rate ÷ 12 = 0.0665 ÷ 12 = 0.005541667
Monthly principal and interest repayment = [10000 × 0.005541667 × (10.005541667) ＾120〕÷〔（10.005541667）＾120－1〕=114.3127 yuan
Total repayment is 13,717.52 yuan
Total interest is 37.1752 million yuan
IV. Equal amounts Principal repayment method:
Monthly repayment amount = (loan principal ÷ number of repayment months) (principal - cumulative amount of principal repaid) × monthly interest rate
Interest 3352.71 yuan
How to calculate bank loan interest formula
Equal repayment method (principal and interest) means that the borrower repays the loan in equal amounts every month during the loan period Principal and interest; the calculation formula is as follows:
Monthly interest payment = remaining principal Interest.
Equal principal repayment method: During the loan period, the principal repaid in each monthly payment remains unchanged, the interest decreases month by month, and the monthly payment decreases month by month.
Monthly repayment calculation method for equal principal repayment method:
Monthly principal repayment (unchanged) = total loan amount/total number of repayment months
< p> Monthly interest repayment (decreasing) = monthly interest rate on remaining principalMonthly repayment (decreasing) = monthly principal repayment and monthly interest repayment
p>Warm reminder
Compared with the equal principal and interest repayment method, the equal principal repayment method has greater initial repayment pressure and less total interest.
Bank loan interest formula calculation
If you are taking a loan from China Merchants Bank, if you currently want to try out the monthly payment information for reference, please open the link → [Click here to enter the web page Link] Try to calculate the monthly payment using the current loan's base interest rate.
How to calculate the bank loan interest formula? How to calculate the interest on a mortgage
(China Merchants Bank) The loan is a comprehensive calculation result based on the loan amount, execution interest rate, loan term, repayment method and other factors. If you currently want to do a trial calculation for reference, please open the following link: :cmbchina./CmbWebPubInfo/Cal_Loan_Per.aspx?chnl=dkjsq Try to use the current loan base interest rate for trial calculation.
What is the formula for calculating bank loan interest? What is the interest rate for a loan of 120,000 yuan?
Equal principal and interest repayment method: monthly interest payment = remaining principal Interest.
Equal principal repayment method: During the loan period, the principal repaid in each monthly payment remains unchanged, the interest decreases month by month, and the monthly payment decreases month by month.
Monthly repayment calculation method for equal principal repayment method:
Monthly principal repayment (unchanged) = total loan amount/total number of repayment months
< p> Monthly interest repayment (decreasing) = monthly interest rate on remaining principalMonthly repayment (decreasing) = monthly principal repayment and monthly interest repayment
p>Warm reminder
Compared with the equal principal and interest repayment method, the equal principal repayment method has greater initial repayment pressure and less total interest.
The current benchmark annual interest rate for loans announced by the People's Bank of China: 0-6 months (including 6 months), the annual interest rate: 4.35%; 6 months-1 year (including 1 year), the annual interest rate: 4.35% ; 1-3 years (including 3 years), the annual interest rate is: 4.75%; 3-5 years (including 5 years), the annual interest rate is: 4.75%; 5-30 years (including 30 years), the annual interest rate is: 4.90%; loan The interest rate needs to be comprehensively priced based on the type of business you are applying for, credit status, guarantee method and other factors, and can only be determined after approval by the branch.
If you currently want to try out the monthly payment and interest information for reference, please open the following link: :cmbchina./CmbWebPubInfo/Cal_Loan_Per.aspx?chnl=dkjsqTry to use the current loan benchmark Interest rate trial calculation monthly payment. (You can view information such as monthly payment, monthly principal payment, monthly interest payment, principal balance, total interest and total repayment).
Monthly calculation formula for bank loan interest
Equal monthly payment of principal and interest = monthly principal interest rate (1-month interest rate) ^ number of loan periods / [(1-month interest rate) ^ number of loan periods -1]
The latest loan interest rate in 2013 is:
The interest rate for short-term loans within 6 months is 5.60%
The interest rate for medium- and long-term loans from 1 to 3 years It is 6.15%
The 5-year maturity is 6.4%, and the 10-year maturity is 6.55%
It is recommended that you can use the Rong360 loan calculator to calculate
The interest rate calculation for similar bank loans is based on the formula of debt interest.
The interest rate owed by the judgment debtor shall be based on the bank’s loan interest rate for the same period. An example is as follows: For example, if the arrears period is one year, the one-year bank loan interest rate will be applied; if the arrears period is more than one year and less than three years, the one-to-three-year loan interest rate will be applied, and so on.
How to calculate bank loan interest
Loan interest:
It refers to the remuneration that the lender receives from the borrower for issuing monetary funds, and is also used by the borrower. The price that funds must pay
For loans, you can consider using mortgage loans (real estate, etc.). You can also use guaranteed loans, the latter loan amount is smaller.
Bank loan interest calculation method: Generally, interest is calculated on a monthly basis.
There are two installment repayment methods: one is equal amounts of principal and interest, and the other is equal amounts of principal. In the short term, you can also repay the principal and interest in one lump sum.
If passed Agricultural Bank of China handles loans. This link is the loan interest calculator on our official website. Please click to calculate. Web link
Daily interest rate (0/000)=annual interest rate (%)÷360=monthly interest rate (‰)÷30
Monthly interest rate (‰)=annual interest rate (%) ÷12
Banks can calculate interest using the cumulative interest calculation method and the transaction-by-transaction interest calculation method.
The accumulation interest calculation method accumulates the account balance based on the actual number of days every day, and calculates interest by multiplying the accumulated accumulation number by the daily interest rate. The interest accrual formula is:
Interest = cumulative interest accrual amount × daily interest rate, where cumulative interest accrual amount = total daily balance.
The interest calculation method calculates interest on a case-by-case basis according to the predetermined interest calculation formula: interest = principal × interest rate × loan period.
If the interest calculation period is a whole year (month), the interest calculation formula is:
①Interest = principal × number of years (months) × annual (month) interest rate
If the interest calculation period has a full year (month) and a fractional number of days, the interest calculation formula is:
②Interest = principal × number of years (months) × annual (month) interest rate principal ×Number of fractional days×Daily interest rate
At the same time, the bank can choose to convert all interest calculation periods into actual days to calculate interest, that is, each year is 365 days (366 days in leap years), and each month is the actual number of days in the Gregorian calendar. The interest formula is:
③Interest = principal × actual number of days × daily interest rate
How is the bank loan calculator calculated?
1. Monthly interest rate: the interest calculated on a monthly basis. The calculation method is: monthly interest rate = annual interest rate ÷ 12 (months).
2. Daily interest rate: The daily interest rate is called the daily interest rate, and is calculated with the day as the interest calculation period. The calculation method is: daily interest rate = annual interest rate ÷ 360 (days) = monthly interest rate ÷ 30 (days).
3. Annual interest rate: interest is usually calculated annually as a percentage of the principal. The calculation method is: annual interest rate = interest ÷ principal ÷ time × 100%.
4. Annualized interest rate: refers to the interest rate that discounts the product’s inherent yield to the whole year, which is quite different from the calculation method of annual interest rate. Assume that the yield period of a financial product is year A and the yield is B, then the annualized interest rate R is calculated as R=(1B)A-1.
5. Calculation formula for equal amounts of principal and interest: [Loan principal × monthly interest rate × (1-month interest rate) number of repayment months] ÷ number of repayment months [(1-month interest rate) number of repayment months - 1]
6. Calculation formula of average funds: monthly repayment amount = (loan principal ÷ number of repayment months) (principal - cumulative amount of principal repaid) × monthly interest rate.
Extended information:
Bank loan refers to a type of bank loan that lends funds to people in need at a certain interest rate in accordance with national policies and agrees to return them within a specified period of time. economic behavior. Generally, a guarantee, house mortgage, or proof of income and good personal credit are required to apply.
Moreover, in different countries and in 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 lines, working capital loans, standby loan commitments, project loans, etc. , and industrial and commercial loans in the UK mostly take the form of bill discounts, credit accounts and overdraft accounts.
There are different types of bank loans based on different classification standards. For example:
1. According to different repayment periods, they can be divided into short-term loans, medium-term loans and long-term loans;
2. According to different repayment methods, they can be divided into demand loans , term loans and overdrafts;
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, etc.
4. According to different loan guarantee conditions, it can be divided into bill discount loans, bill mortgage loans, commodity mortgage loans, credit loans, etc.
5. According to the loan amount, it can be divided into wholesale loans and retail loans;
6. According to the different interest rate agreement methods, it can be divided into fixed-rate loans and floating-rate loans, etc. .
Short-term loans refer to loans with a loan term within 1 year (including 1 year). Short-term loans are generally used for the borrower's working capital needs for production and operations.
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, with the longest term not exceeding one year; short-term loans can only be extended once, and the extension cannot exceed the original term.
The loan interest rate is determined according to the interest rate policy and loan interest rate floating range formulated by the People's Bank of China, and based on factors such as the nature, currency, purpose, method, term and risk of the loan. The foreign exchange loan interest rate is divided into floating interest rate and Fixed interest rate. The loan interest rate is stated in the loan contract, and customers can check it when applying for a loan. Overdue loans are subject to penalty interest as prescribed.
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 funding needs of the enterprise. At the same time, since short-term loans have fixed interest rates, corporate interests may be affected by interest rate fluctuations.
Credit card loan interest rate calculator
1. Loan calculator provided by commercial banks
The characteristic of this type of calculator is that it relies on the bank’s website platform and is more reliable. High; the disadvantage is that the calculation conditions are simply set, and the calculation is mainly based on theoretical calculations without considering the actual situation. For example, the calculation formula of daily interest rate is generally: daily interest rate = annual interest rate/360; while the calculator provided by the bank generally calculates based on 365, which is somewhat different from the actual calculation.
2. Loan calculators provided by real estate websites
This type of loan calculator is generally based on the loan calculator on the bank website, with slight or no modifications. The shortcomings are similar to the above. .
3. Taozhuke Loan Calculator
This type of calculator is a fully customized parametric calculator. The calculation results are completely consistent with the actual situation, providing you with a better understanding of loan decisions. Real and more powerful data support!