1. What is the calculation method of ICBC loan calculator

1. Calculate the monthly payment, Total interest and total repayments.

Mortgage Interest Rate Calculator

2. Short-term loans generally use one-time repayment of principal and interest or interest in installments, and this calculator is not applicable.

Operation steps: Step 1: First select whether your repayment method is equal amounts of principal or equal amounts of principal and interest, and fill in the commercial loan period, loan amount and actual interest rate of the loan;

Step 2 Step: Choose whether to display repayment details, and click the "Calculate" button to obtain detailed information such as the monthly payment amount, total loan interest, and total repayment for each period.

Tips

1. Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. They are generally short-term loans, usually 9 months and no more than one year. But there are also a small number of medium and long-term loans. This type of loan is the main component of commercial bank loans, generally accounting for more than one-third of total loans.

2. Calculate the monthly monthly payment, total interest and total repayment when choosing the repayment method of equal principal and equal principal and interest for a commercial loan.

2. What is the calculation method of ICBC loan calculator

According to the calculation formula of general mortgage repayment methods, there are two types:

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Calculation principle: The bank collects the monthly monthly payment interest and then the principal; the proportion of interest in the monthly payment decreases with the decrease of the remaining principal, and the proportion of the principal in the monthly payment decreases due to It rises as the monthly payment increases, but the total monthly payment remains the same.

What needs to be noted is:

1. The maximum amount of urban provident fund loans[1] in various regions should be considered based on local conditions;

2. For loan purchases Residents who have a house but the per capita area is lower than that of a Dangtong self-housing house can apply for a first-time loan to purchase an ordinary self-housing house.

2. Calculation of equal amounts of principal

Monthly repayment amount= Monthly principal Monthly principal and interest

Monthly principal = principal/number of repayment months

Monthly principal and interest = (principal - total cumulative repayment) X monthly interest rate < /p>

Calculation principle: The principal amount returned each month decreases with the decrease.

3. How does the loan calculator generally calculate interest?

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.

4. How to calculate the interest rate for ICBC Dinghuotong?

ICBC’s fixed-term and live-convenience interest is calculated based on the deposit interest rate, deposit principal and deposit period. The calculation formula is: deposit interest = deposit principal × deposit interest rate × deposit term.

The annual interest rate of ICBC's fixed deposit and live loan is 40% off the same grade of interest rate for regular lump sum deposits and withdrawals within one year; according to the one-year annual interest rate of 1.75% for ICBC's lump sum deposits and lump sum withdrawals, you can get ICBC fixed loan The annual interest rate is 1.05%.

According to the calculation formula, if the user deposits 60,000 yuan, the interest earned after depositing for one year is 630 yuan.