I. Basic formula for calculating interest The basic formula for calculating interest on savings deposits is: interest = principal × deposit period × interest rate.

II. Conversion of Interest Rate The conversion relationship among annual interest rate, monthly interest rate and daily interest rate is: annual interest rate = monthly interest rate × 12 (month) = daily interest rate ×360 (days); Monthly interest rate = annual interest rate ÷ 12 (month) = daily interest rate ×30 (days); Daily interest rate = annual interest rate ÷360 (days) = monthly interest rate ÷30 (days). Pay attention to the consistency with the deposit period when using interest rates.

3. Interest starting point 1. The starting point of interest for savings deposits is RMB, and no interest is paid for cents below RMB. 2. The interest amount shall be calculated to one decimal place and rounded to one decimal place when actually paid. 3. Except that the current savings are settled on an annual basis and the interest can be converted into principal, regardless of the deposit period, the interest of other savings deposits will be paid off with the principal at the time of withdrawal, excluding compound interest.

Iv. Calculation of deposit period 1, and the calculation of deposit period adopts the method of counting the first number and the last number. 2, regardless of the big month, small month, flat month, leap month, every month is calculated as 30 days, and the whole year is calculated as 360 days. 3. The maturity date of all kinds of deposits shall be calculated on an annual and monthly basis. If the account opening date is the missing date of the expiration month, the expiration date should be the last day of the expiration month.

Verb (abbreviation of verb) Calculation of interest on savings deposits The interest rate of savings deposits shall be subject to the interest rate published by the People's Bank of China, and the original currency shall be used for savings, and the original currency shall bear interest (the second currency can be converted into RMB according to the foreign exchange quotation of the day). Its interest-bearing provisions and calculation methods are compared with RMB deposit methods.

2. What are the conditions for buying a house in Australia?

1. Foreigners can only buy brand-new houses in Australia. Foreigners can't buy built-in second-hand houses in Australia. With the approval of FIRB, they can build brand-new houses in Australia.

Foreigners are not allowed to auction houses. If it is a new house, it can be auctioned, but the general auction of new houses is still relatively rare.

Although there are restrictions on foreigners buying second-hand houses in Australia, there are no restrictions on the number of houses they buy.

Foreigners with visas can buy second-hand houses, but the houses they buy can only be occupied by themselves and cannot be rented out, and they must sell this house three months before the visa expires.

Third, can Sydney borrow money to buy a house?

First of all, you can borrow money to buy a house in Sydney, Australia. For investors who buy a house in Sydney for the first time, they must not know much about loans. Today, Xiao Ju will give you a comprehensive share of the basic knowledge related to housing loans in Sydney, hoping to help your future investment.

1. How to get a loan for buying a house in Sydney, Australia?

First of all, the lender who applies for buying a house in Australia should have the following conditions:

1, at least 18 years old, with full capacity for civil conduct and valid identification;

2 have a stable income and the ability to repay the loan principal and interest on schedule;

3. Agree to use the purchased property as collateral;

4. Signed a real estate sales contract with the developer.

2. Can overseas buyers apply for housing loans in Australia?

First of all, you need to know what documents you need to provide to the government, what documents you need to hold and what properties you can buy. Apply for a loan in Australia:

1. Non-residents do not need to apply for a loan in Australia.

2. Housing loans are generally classified as investment loans, because buyers usually cannot live for a long time.

The maximum loan amount of most financial institutions is 80%. Some loans may reach 70%.

4. Need to prepare property stamp duty, lawyer's fees, construction and pest inspection, and credit fees, such as application fees.

5. Before signing the sales contract, foreign investors should consult the FIRB regulations of the Foreign Investment Review Board.

3. Materials required for real estate loan in Sydney, Australia

According to different lending institutions and financial products, the required materials are also different. For overseas people, the operation procedure is actually very simple, mainly providing the following materials: passport, driver's license, bank card, running bill for the last 6 months, credit card and income certificate.

Fourth, how to repay the loan when buying a house in Sydney, Australia

Repayment cycle:

Generally speaking, Australian mortgage has three repayment cycles, once a week, once every two weeks and once every four weeks. The main reason is that wages in Australia are paid weekly, so the repayment cycle is more flexible. Since interest is calculated on a daily basis, there is no need to worry about interest.

Repayment method:

It is suggested that the purpose of real estate purchase shall prevail, which is mainly divided into two types:

Self-occupation: it is recommended to repay the principal and interest together.

Investment: It is suggested to communicate with the loan broker first, and only repay the interest for the first five years, and then repay the principal and interest together.

If the purchased Sydney real estate is used for investment, you can bind the rental income account with the repayment account, and the rental income is directly used to repay the loan interest, so as to support the loan with rent.

4. What are the conditions for housing loans in Australia?

Information required for housing loan in Australia:

Different lending institutions and different financial products need different materials, but the materials you provide are nothing more than legitimate rights and interests. No matter what materials they need, they mainly need your information in four aspects:

1. Assets: original real estate, deposits, cars, real estate, etc.

2. Debt: other loans and other liabilities;

3. Income: The salary room is used for investment, so this part of income can also be counted.

4. Expenditure: This part generally does not need to be written, because the financial calculator will automatically deduct the expenditure, so you do not need to provide the expenditure.

In addition, you need to provide your identification, that is, 100pointsID.

Australian housing loan process

1, choose your favorite room type, ranging from $2,000 to $5,000, and apply to the developer for reservation;

2. After receiving the deposit, the developer provides the buyer's lawyer with the purchase price.

3. According to the lawyer's explanation, the client signed a contract to pay 10% of the house price;

4. For loans, customers need to prepare loans of 80%-97% of real estate assessment price, and foreigners can basically get loans of %-80%;

5. After the bank lends money, the customer pays the rest of the developers to handle the late delivery.