Each bank's credit card repayment in installments is different, and the interest is also different. If the interest rate is 5. 1%:

1. If repayment is made in the form of matching principal and interest, the loan is 50,000 yuan, and the total repayment amount is 5 139 1.99 yuan, and the total interest to be repaid is 139 1.99 yuan.

2. If repayment is made according to the repayment method of average capital, the loan is 50,000 yuan, and the total repayment amount is 5 138 1.25 yuan. 1. The total interest to be repaid is 138 1.25 yuan.

Definition of equal principal and interest:

Matching principal and interest refers to a loan repayment method, that is, repaying the same amount of loans (including principal and interest) every month during the repayment period.

Equal principal and interest and average capital are not the same concept. Although the monthly repayment amount may be lower than that in average capital at the beginning, the interest paid in the end will be higher than that in average capital, which is also a method often used by banks.

Definition of average capital:

Average capital refers to a repayment method of loans. During the repayment period, the total amount of loans is divided into equal parts, and the same amount of principal and interest generated by the remaining loans of the month are repaid every month. In this way, because the monthly repayment amount is fixed and the interest is less and less, the borrower is under great pressure to repay at first, but as time goes on, the monthly repayment amount is less and less.

Definition of credit card:

Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.

Introduction to installment payment:

Installment payment is mostly used for some product transactions with long production cycle and high cost. Such as the export of complete sets of equipment, large vehicles and heavy machinery and equipment. Installment payment means that after the import and export contract is signed, the importer pays a small part of the payment to the exporter as a down payment, and most of the rest is paid in installments after part or all of the products are produced and shipped, or after the goods are installed, debugged, invested and guaranteed.

Credit card installment payment refers to the process that when the cardholder uses the credit card to make a large amount of consumption, the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and then the cardholder repays the money to the bank in installments and pays the handling fee. According to the cardholder's application, the bank deducts the consumption funds and handling fees by stages through the cardholder's credit card account, and the cardholder repays according to the monthly recorded amount.

What's the annual interest on a 50,000 loan?

The calculation formula of bank loan interest is: interest = principal interest rate, loan term, and the annual interest rate of bank loan is about 4.5%, so the interest of loan for 50,000 years is 50,000 times 4.5% = 2,250 yuan.

So the interest on a bank loan of 50,000 yuan a year is about 2,000 yuan, but the interest on applying for a loan in a bank is often not calculated like this. After the loan, you can apply for installment repayment, so the interest generated in each installment will be much lower.

Interest is the use fee of money in a certain period of time, and it refers to the reward that money holders (creditors) get from borrowers (debtors) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds.

1. Money other than the principal of deposits and loans (different from "principal").

2. The abstract interest point refers to the value added when monetary funds are injected into the real economy and returned. In a less abstract sense, interest generally refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for using the borrowed currency or capital. Also known as the symmetry of sub-fund and parent fund (principal).

The calculation formula of interest is: interest = principal × interest rate × deposit period (i.e. time).

Interest is the reward that the fund owner gets for lending the fund, which comes from a part of the profits that the producer makes by using the fund to play its operational functions. Refers to the value-added amount brought by monetary funds injected into the real economy and returned.

The calculation formula is: interest = principal × interest rate × deposit period × 100%.

3. Classification of bank interest

According to the different nature of banking business, it can be divided into bank interest receivable and bank interest payable.

Interest receivable refers to the remuneration that the bank obtains from the borrower by lending to the borrower; It is the price that the borrower must pay for using the funds; It is also part of the bank's profits.

Interest payable refers to the remuneration paid to depositors by banks to absorb their deposits; It is the price that banks must pay to absorb deposits, and it is also part of the cost of banks.

Generation factor

Delayed consumption

Lenders lend money, which is equivalent to delaying the consumption of consumer goods. According to the principle of time preference, consumers will prefer current goods to future goods, so there will be positive interest rates in the free market.

Expected inflation

Inflation will occur in most economies, representing a certain amount of money, and fewer goods can be purchased in the future than now. So the borrower needs to compensate the lender for the losses during this period.

alternative investment

Lenders can choose to invest their money in other investments. Due to the opportunity cost, the lender lends money, which is equivalent to giving up the possible return on other investments. Borrowers need to compete with other investments for this fund.

investment risk

Borrowers are at risk of bankruptcy, absconding or default at any time, and lenders need to charge extra fees to ensure that they can still get compensation under these circumstances.

liquidity preference

People will prefer that their funds or resources can be traded immediately at any time instead of spending time or money to get them back. Interest rate is also a kind of compensation for this.

How much interest should I pay for a loan of 50 thousand a year?

If the repayment method of a loan of 50,000 yuan a year is different, the interest generated will be different. The calculation formula of average capital is: (principal/repayment months) (principal-accumulated repaid principal) monthly interest rate. The formula for calculating the monthly repayment amount of equal principal and interest is: monthly interest rate of loan principal (1 interest rate)/repayment months (1 interest rate)-1.

The loan is 50,000 yuan, and the principal and interest are equal according to the benchmark interest rate of 4.35%. The monthly repayment is 4,265.5 yuan, and the total interest to be paid is 1 185.94 yuan, and the total principal and interest are 5 1 185.94 yuan. If equal repayment is selected, it is required to repay 4347.92 yuan in the first month, and then 15. 1 yuan will be reduced every month, so it is required to repay 1 178. 13 yuan interest, and the total principal and interest is 51/kloc.

Extended data:

What is the bank's one-year loan interest rate?

The interest rate of one-year loans varies from bank to bank. Take the central bank as an example, the one-year loan interest rate is 4.35%. The residual interest rate is as follows:

Within one year (including one year), the annual interest rate of the loan is 4.35%.

For one to five years (including five years), the annual interest rate of the loan is 4.75%.

For more than five years, the annual interest rate of the loan is 4.90%.

This is the end of the introduction about how much the loan is repaid in total and how much the loan interest is 50 thousand yuan a year. I wonder if you have found the information you need?