How to calculate the car loan interest rate? See what percentage I have?

Car loan interest calculation method: The daily interest rate calculation formula is generally: daily interest rate = annual interest rate/360

Monthly payment = [loan principal × monthly interest rate × (1 month interest rate )^Number of repayment months]÷[(1-month interest rate)]^Number of repayment months-1].

: Car loans refer to loans issued by lenders to borrowers who apply to purchase a car. Automobile consumer loans are a new type of loan guaranteed by RMB that banks extend to car buyers who purchase cars from their authorized dealers. Car consumer loan interest rates refer to the ratio of the loan amount to the principal of a loan issued by a bank to a consumer, that is, a borrower, for the purchase of a self-use car (for a non-profit family car or business car with 7 seats or less). The higher the interest rate, the greater the repayment amount of the consumer

The borrower must be a resident of the location of the lending bank and have full civil capacity.

1. Loan term

The term of automobile consumer loans is generally 1-3 years, with a maximum of 5 years. The term of second-hand car loans (including extensions) does not exceed 3 years. The commercial vehicle loan term shall not exceed 1 year.

Loan interest rate

2. Base rate

According to the regulations of the People's Bank of China, the benchmark interest rate for automobile loans is implemented, but each financial institution can set the benchmark interest rate fluctuate within a certain range. The car loan period of major banks generally does not exceed 5 years. The interest rate of car loans directly determines people's loan costs, which has become an important factor in deciding whether people take loans for consumption.

How to calculate the car loan interest rate

The monthly car loan calculation formula: A=P(1i)[(1i)^n-1]/n^2/i

A: Monthly payment

P: Total contribution

i: Monthly interest rate (annual interest/12)

n: Total monthly payment Number (year × 12)

3. Loan interest rate

The actual interest rate for vehicle loans is determined by the bank based on the actual situation of the customer and the loan benchmark interest rate stipulated by the central bank. Customers with generally better conditions can enjoy the base interest rate or a reduction of about 10%, while ordinary customers need to fluctuate by about 10% based on the base interest rate.

How much is a second-hand car loan of 86,000 for 36 periods with an interest of 6%?

The loan for buying a second-hand car is 86,000, and it needs to be repaid in 3 years. How much you have to repay every month depends on you. Loan interest rates and repayment options. It's about 2,500 yuan per month. If the loan interest rate is 7% and the loan repayment period is 3 years, your loan amount is 86,000 yuan. The current repayments are basically equal principal and interest repayments, so you need to repay The interest is 6,020 yuan, so your total repayment amount is 92,020 yuan. Then after three years in December, the monthly repayment you need to pay is 2,556 yuan. Some car loans may have different interest rates. Yes, so the algorithm will also change, but the amount of money that needs to be repaid in a month is probably around 2,500.

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The advantages and disadvantages of car loans:

1. High limit: The bank car loan limit can reach up to 80% of the vehicle value, but the specific limit is It will be determined based on the borrower's personal qualifications.

2. Long term: The maximum term of this loan method can reach five years, which effectively relieves the financial pressure of car buyers.

3. Credit card installments and auto finance company loans have certain restrictions on car models, which is very difficult for car buyers to choose cars. However, bank car loans have no restrictions on car models, and borrowers can choose their favorite car models.

4. Banks are always cautious in doing things, so it takes a long time to approve the borrower's qualifications. If the borrower does not have enough patience, I believe the bank car loan is not suitable for you! If a borrower wants to apply for a loan from a bank to buy a car, the borrower needs to understand a series of policies of the relevant bank in advance, make various preparations in advance, and strive to get the loan approval in one go.

5. When applying for a car loan from a bank, the borrower needs to provide basic information such as valid identity certificate, marriage certificate, residence certificate, and income certificate. If necessary, the borrower must also provide a loan approved by the bank. pledge.

6. Although bank car loan interest rates are low, there are many miscellaneous fees, such as guarantee fees, mortgage fees, etc., which will increase the loan cost to a certain extent.

7. High reference interest rates: Since cars are consumables, banks give higher reference interest rates for loans in order to control credit risks. Generally, they will be 10%-30% higher than the benchmark reference interest rate.

Loan source amount 80,000 yuan

Loan term 3 years

Equal repayment of principal and interest

Total repayment 90,781.12 yuan

Total interest is RMB 10,781.12

Monthly repayment is RMB 2,521.7

(2) Annual loan interest rate is 7%

Loan amount is RMB 80,000

The loan period is 3 years

Equal repayment of principal and interest

Total repayment is 88,926.04 yuan

Total interest is 8,926.04 yuan

Hello, the loan is 86,000 yuan. If calculated according to the general interest rate of about 6%, that is a monthly interest rate of 0.6%. When converted into an annual interest rate, the loan is 7.2%. If the term is 36 periods, then the annual interest rate of the loan is 6%. In this case, the monthly payment amount needs to be calculated based on the interest rate. The interest rates of second-hand car loans of different banks are different, and the loan interest rates are based on Your overall qualifications are assessed. If it is a car loan from Ping An Bank, you can log in to Ping An Pocket Bank APP-Finance-Loan to learn more and try to apply.

Click the link below to open the loan calculator to calculate the interest and monthly repayment amount based on the loan amount, term, interest rate and repayment method.

Loan:

Special reminder:

1. This calculator uses the benchmark interest rate for deposits and loans of financial institutions issued by the People's Bank of China;

2. The calculation results are for reference only, and shall be subject to the actual interest rate executed by the bank system;

3. For your convenience, you can manually enter the interest rate for calculation;

4. For Ping An Bank’s listed interest rates, please visit Ping An Bank’s deposit interest rate table.

Response time: Please refer to the official website of Ping An Bank for the latest business changes.

[Ping An Car Owner Loan] You can get a loan if you own a car, up to 500,000 yuan

The monthly principal repayment is 2,388.89 yuan, calculated based on the current bank three-year loan interest rate increased by 5.88%, and the interest is 216.56 yuan.

How to calculate the car loan interest rate? See what percentage I have?

Car loan interest calculation method: The daily interest rate calculation formula is generally: daily interest rate = annual interest rate/360

Monthly payment = [loan principal × monthly interest rate × (1 month interest rate )^Number of repayment months]÷[(1-month interest rate)]^Number of repayment months-1].

: A car loan refers to a loan issued by a lender to a borrower who applies to purchase a car. Automobile consumer loans are a new type of loan guaranteed by RMB that banks extend to car buyers who purchase cars from their authorized dealers. Car consumer loan interest rates refer to the ratio of the loan amount to the principal of a loan issued by a bank to a consumer, that is, a borrower, for the purchase of a self-use car (for a non-profit family car or business car with 7 seats or less). The higher the interest rate, the greater the repayment amount of the consumer

The borrower must be a resident of the location where the lending bank is located and have full civil capacity.

1. Loan term

The term of automobile consumer loans is generally 1-3 years, with a maximum of 5 years. The term of second-hand car loans (including extensions) does not exceed 3 years. The commercial vehicle loan term shall not exceed 1 year.

Loan interest rate

2. Base rate

According to the regulations of the People's Bank of China, the benchmark interest rate for automobile loans is implemented, but each financial institution can set the benchmark interest rate fluctuate within a certain range. The car loan period of major banks generally does not exceed 5 years. The interest rate of car loans directly determines people's loan costs, which has become an important factor in deciding whether people take loans for consumption.

How to calculate the car loan interest rate

The monthly car loan calculation formula: A=P(1i)[(1i)^n-1]/n^2/i

A: Monthly payment

P: Total contribution

i: Monthly interest rate (annual interest/12)

n: Total monthly payment Number (year × 12)

3. Loan interest rate

The actual interest rate for vehicle loans is determined by the bank based on the actual situation of the customer and the loan benchmark interest rate stipulated by the central bank.

Customers with generally better conditions can enjoy the base interest rate or a reduction of about 10%, while ordinary customers need to fluctuate by about 10% based on the base interest rate.

For you, the repayment amount is twice the loan amount. This is not a loan, it is a trap for you. For a car loan, go to a bank, not any loan company. Those companies will not work for a few years. The interest rate is high, there is no guarantee, and there are risks

1. The interest rates of Ping An Bank car loan and car mortgage loan are different, and the loan interest rate is evaluated based on your comprehensive qualifications. If you have a loan from Ping An Bank, you can log in to the Ping An Pocket Bank APP - Loans - My Loans to check your loan interest rate.

2. Click the link below to open the loan calculator to calculate the interest and monthly repayment amount based on the loan amount, term, interest rate and repayment method.

Loan:

Special reminder:

1. This calculator uses the benchmark interest rate for deposits and loans of financial institutions issued by the People's Bank of China;

2. The calculation results are for reference only, and are subject to the actual interest rate executed by the bank system;

3. For your convenience, you can manually enter the interest rate for calculation;

4. For Ping An Bank’s listed interest rates, please visit Ping An Bank’s deposit interest rate table.

Response time: Please refer to the official website of Ping An Bank for the latest business changes.

[Ping An Car Owner Loan] You can get a loan if you own a car, up to 500,000

44820-22800=22020

22020/3=7340 (3 is 36 issues 1***3 years)

7340/22800≈0.322

The annual interest rate is about 32.2%, and the annual interest on 10,000 yuan is 3220

The monthly interest rate is about 2.68%, and the monthly interest rate for 10,000 yuan is 268

This is close

I hope to adopt it~~~

Car loan interest rate It is charged according to the regulations of the 4S store or bank. If you accept it, accept it. If you cannot accept it, you cannot bring it.

How does the car loan calculator calculate it?

Car loan calculation formula: 1. The principal and interest repayment method, that is, the loan principal and interest are repaid in equal amounts every month during the loan period. The monthly repayment calculation formula is: monthly repayment amount = loan principal Money × monthly interest rate Loans issued by people.

The actual interest rate of a car loan is determined by the bank based on the actual situation of the customer and with reference to the loan benchmark interest rate stipulated by the central bank. There are three main types of car loans: direct customer loans, indirect customer loans, and credit card car loans. The car loan period is generally 1-3 years, with the longest not exceeding 5 years.

Types of car loans

Car loans and personal loan car purchases are divided into three types: direct customer, indirect customer, and credit card car loans. The direct customer type is generally a bank car loan where the customer meets directly for the loan, and the indirect customer type is generally a car finance company car loan where the auto finance company transfers the customer to the customer.

For direct bank car loans, the fees charged are deposit, principal and interest, 3% guarantee fee, etc. The fees for high-quality bank customers will be discounted, but each bank has different preferential policies. .

In addition to paying the above fees, a car loan from a Jianke Auto Finance Company also needs to pay regulatory fees, fleet management fees, and warranty renewal deposits

The other is a credit card car loan. Credit card installment car loan only provides installment payment to bank credit card users. It cannot be applied for under any conditions. There is also an review process. It is difficult for credit card users with bad credit records to apply.

The specific steps for credit card installment car purchase are roughly as follows:

1. The cardholder (or applicant) calls the bank's credit card center or goes to a local bank to find out whether it is possible to apply for a credit card car. loan.

2. The cardholder goes to the dealer with his or her ID card to fill out the Car Purchase Installment Order on site, and submits it to the bank's backend for review.

3. When the order is approved, the cardholder pays the down payment and goes through the normal car purchase procedures.

4. After the vehicle has a license plate, the cardholder needs to go through the mortgage procedures with the bank and purchase the required types of auto insurance.

5. Finally we can drive the car away smoothly.

Loan conditions

1. Have valid identity certificate and full capacity for civil conduct;

2. Be able to provide proof of fixed and detailed address;

3. Have a stable career and the ability to repay the principal and interest of the loan on time;

4. Have good personal social credit;

5. Hold a car purchase contract or agreement recognized by the lender ;

6. Other conditions stipulated by the cooperative agency.

How is the car loan calculated?

Car loan interest calculation method:

The calculation formula of daily interest rate is generally: daily interest rate = annual interest rate / 360 monthly monthly payment = [loan principal × monthly interest rate × ( 1 month interest rate)^Number of repayment months]÷[(1 month interest rate)^Number of repayment months-1].

Monthly interest payable = loan principal × monthly interest rate × [(1-month interest rate)^number of repayment months-(1-month interest rate)^(repayment month number-1)]÷[( 1 month interest rate)^number of repayment months-1].

Monthly principal repayment = loan principal × monthly interest rate × (1-month interest rate) ^ (repayment month number - 1) ÷ [ (1-month interest rate) ^ number of repayment months - 1 ] .

Total interest = number of repayment months × monthly payment - loan principal.

Extended information:

Processing process:

First of all, the borrower needs to prepare ID card, residence certificate, work certificate, loan purpose certificate and other supporting materials. Go to the bank once, fill out an application form, and fill out a contract.

Then, wait for the bank’s pre-loan qualification investigation and approval. If the borrower meets the loan conditions specified by the bank, the bank will notify the borrower to fill in some loan form materials. If the loan applied for by the borrower requires mortgage or guarantee, it is also necessary to sign a guarantee contract, a mortgage contract, and go through the mortgage registration procedures; if it is handled, there is no need to sign such a contract.

Secondly, banks issue loans to lenders. Generally, banks will issue loans after approval within 2 to 3 weeks or 1 month, and the loan can be released as soon as 1 day.

Finally, the borrower will hand over the down payment to the car dealer and go through the procedures for picking up the car with the passbook and the car delivery note issued by the bank.

In the process of applying for a personal car consumer loan, the applicant needs a copy of the ID card, a copy of the household register, a copy of the marriage certificate, a proof of income, a bank statement, a copy of the real estate certificate and other procedures.