1. What is the monthly interest on a loan of RMB 400,000?

In fact, the current credit loan interest rate is generally 0.8-2.88% per month. The specific amount needs to be determined based on the qualifications of the borrower and the selected lending institution.

For example: If the borrower has good qualifications and chooses a bank to apply, the credit loan interest rate is generally about 11% per year. If you choose a company, the loan interest rate is between 2.2-3.5% per month. between. Of course, if the borrower has better qualifications, no bad credit record, and has properties such as real estate and stocks, you can enjoy more favorable credit loan interest rates.

In addition, the amount of credit loan interest can be calculated based on the loan amount, interest rate, term and repayment method. As far as repayment methods are concerned, two repayment methods are more common: equal principal and interest and equal principal.

Their respective calculation methods are: equal principal and interest = (loan principal - cumulative amount of repaid principal) monthly interest rate and number of repayment months

; and equal principal and interest Interest can be calculated by subtracting the monthly principal from the monthly payment amount.

To learn more about credit card loans, you can

Reference: What is the interest rate on credit card loans? What are the steps to apply for a credit card loan?

2. How much does it cost to borrow 400,000 yuan with an interest rate of 4% per year?

For a loan of 400,000 yuan with an interest rate of 4%, the interest calculation formula for one year is:

Interest = loan principal × annual interest rate

Among them, annual interest rate = interest ÷ loan principal = 4% ÷ 100 = 0.04

Applying the loan principal 4 to the above formula, we can get:

Interest = 400,000 × 0.04 = 16,000

Therefore, if the loan is 400,000, the interest is 4%, and during the one-year interest operation, the bank may charge other fees ( Such as handling fees, insurance, etc.), and the calculation of interest and repayment methods should also be based on the specific loan contract.

3. How much is the interest per year for a loan of 400,000 with an annual interest rate of 3.9?

Hello, multiply 400,000 by 3.9% which equals 15,600. So the annual interest rate for your loan of 400,000 yuan is 3.9 yuan, and the interest rate per year is 15,600 yuan. < /p>

If you take the loan for one year, it will be more than 120,000 yuan