There is no interest, but there are handling fees. ICBC's handling fee for 12 installments is 3.6%. It only charges 3.6% of the total handling fee in one go and no other fees are charged. If you pay 5,000, one period is about 416 yuan, but you will be charged 424 yuan for the first period, because 416 From now on, the monthly payment will be 416 yuan. The first installment will be 424+180=604 yuan, and each subsequent installment will be repaid 416 yuan.

Interest is the fee for using currency within a certain period of time. It refers to the remuneration that currency holders (creditors) receive from borrowers (debtors) for lending currency or currency capital. Including interest on deposits, loans and various bonds. Under capitalism, the source of interest is the surplus value created by wage workers. The essence of interest is a special transformation form of surplus value and is a part of profit.

Every enterprise must borrow money from banks in the process of production and operation. How to record the loan interest. Under the requirements of the new accounting standards, when making short-term borrowings, take short-term borrowings as an example to record the interest on the borrowings. For example, if a company borrows money from Industrial and Commercial Bank of China, the amount is 1 million, the time is three months, and the interest rate is 9%. How should the financial personnel handle it. There are several specific steps: when a loan is obtained, it can be included in the debit side of the bank deposit accounting account, with an amount of 1 million, and at the same time, the credit side of the short-term loan accounting account can be included in the amount of 1 million. When interest accrues, interest can be accrued or no interest can be accrued. There are two aspects of direct payment when due. First, if no interest is accrued, the debit side of the short-term loan can be included in the direct payment after maturity. The amount is 1 million, and the debit side is included in the financial expense account. The debit amount is 22,500, and it is included in the bank deposit account. The credit amount is 1.0225 million. Second, if you want to accrue interest on a monthly basis, when you accrue interest in the first month, it can be included in the debit of the financial expense account. The amount is 7,500, and included in the interest payable or the credit of the accrued expense account. , the amount is 7,500. Taking the first month as an example, several consecutive accounting entries are the same. When the loan interest is due to be repaid, it can be included in the debit side of the short-term loan accounting account. The amount is 1 million, calculated The debit side of the interest payable or accrued expense accounting account, the amount is 22,500, and the credit side of the bank deposit accounting account, the amount is 1.0225 million.