Paying interest on a monthly basis means that after the user applies for a loan, only the loan interest is returned every month, and the loan principal and the last interest are returned in one lump sum when the loan expires.

monthly interest repayment is the borrower's one-time repayment of the loan principal on the maturity date of the loan (applicable to loans with a term of less than one year (including one year)). The loan bears interest on a daily basis and the interest is repaid on a monthly basis, and the interest settlement date is the 21st of each month. If the loan principal or interest is in arrears for more than 9 days, the repayment order is loan principal, compound interest, default interest and interest arrears.

For example, if you borrow 1, yuan, the monthly interest will be 1 yuan, and you can just pay the monthly interest in 1 yuan, and you will pay back 1, yuan when you repay it.

1. calculation of short-term loan interest

for short-term loans (with a term of less than one year, including one year), the interest shall be calculated according to the legal loan interest rate of the corresponding grade on the signing date of the loan contract. During the loan contract period, interest will not be calculated in installments in case of interest rate adjustment.

if short-term loans are settled quarterly, the 2th day of the last month of each quarter is the settlement date; If the interest is settled on a monthly basis, the 2th of each month is the interest settlement date. The specific interest settlement method shall be determined by the borrower and the lender through consultation. The interest that cannot be paid on schedule during the loan period will be compounded quarterly or monthly according to the loan contract interest rate, and will be compounded at the default interest rate after loans overdue. When the last loan is paid off, the profit will be paid off with the principal.

2. calculation of medium and long-term loan interest

the interest rate of medium and long-term loans (with a term of more than one year) shall be fixed for one year. The loan (including all the funds that should be allocated in installments within one year from the effective date of the loan contract) shall bear interest according to the legal loan interest rate of the corresponding grade on the effective date of the loan contract, and the interest rate for the next year shall be determined according to the legal loan interest rate of the corresponding grade at that time after one year (the first loan shall be paid in installments).

medium and long-term loans will be settled quarterly, and the 2th day of the end of each quarter will be the settlement date. For the interest that cannot be paid on schedule during the loan period, compound interest shall be calculated quarterly according to the contract interest rate, and after loans overdue, compound interest shall be calculated at the default interest rate.

how to convert the loan interest rate?

The loan interest rate is based on the benchmark loan interest rate given by the People's Bank of China, and fluctuates up and down on the basis of the benchmark interest rate. The bank interest rate is the executive interest rate, and the executive interest rate varies from bank to bank for different loan types and loan periods. Executive interest rate = benchmark interest rate ×(1+ interest rate floating value). The floating range is between .5 and 2 percentage points. What does the repayment method mean by paying interest on a monthly basis?

The repayment method of paying interest on a monthly basis and repaying the principal at maturity means that only the interest needs to be repaid every month, and then the principal will be repaid in one lump sum after the loan expires.

suppose you handle an unsecured loan with a term of 1, yuan a year, with a monthly interest rate of 1%, and repay the principal by paying interest on a monthly basis. The total interest is: loan amount × monthly interest rate × months, that is, 1,× 1 %× 12 = 1,2 yuan. If the interest is spread over every month, it is 12÷12=1 yuan. If repayment is made in this way, the borrower only needs to repay 1 yuan's interest every month for 12 months, and then repay the principal of 1, yuan after the loan expires. What do you mean by paying interest on a monthly basis?

The so-called "paying interest on a monthly basis" is actually a loan repayment method provided by banks for borrowers, which is usually used in wealth management products, but it is also used in some special loans. For example, the national student loan, the borrower's repayment method defaults to paying interest on a monthly basis.

the word "financial management" first appeared at the end of the early 199s according to the statistics of Zhongyin. com data center. With the expansion of China's stock and bond market, the enrichment of commercial banks and retail businesses, and the increase of citizens' overall income year by year, the concept of "financial management" has gradually become popular. Personal financial management can be roughly divided into personal assets and personal liabilities, and * * * with funds, stocks, bonds, deposits, life insurance, gold, online loans, etc. belong to personal assets; Personal housing mortgage loan and personal consumption credit are personal liabilities.

what is financial management

when people talk about financial management, they think of either investing or making money. In fact, the scope of financial management is very wide. Financial management is to manage the wealth of a lifetime, that is, the cash flow and risk management of an individual's life. It contains the following meanings:

① Financial management is the wealth of a lifetime, not just to solve the urgent money problem.

② Financial management is cash flow management. Everyone needs to use money (cash outflow) as soon as he is born, and also needs to make money to generate cash inflow. Therefore, no matter whether you have money now or not, everyone needs to manage money.

③ financial management also covers risk management. Because more traffic in the future is uncertain, including personal risk, property risk and market risk, it will affect cash inflow (income interruption risk) or cash outflow (increasing cost risk).

where can I finance

at present, the institutions that can provide financial services to customers in China mainly include banks, securities companies, investment companies and economic management companies.

1. bank financing

at present, the financial products provided by commercial banks in China are divided into three categories: guaranteed fixed income products, guaranteed floating income products and non-guaranteed floating income products.

2. Financing of securities companies

Securities financing generally includes stocks, funds, commodity futures, stock index futures, foreign exchange futures, etc. Individual or institutional investors can choose different financing tools according to their different needs and investment preferences.

3. Investment company financing

Investment company financing generally includes trust funds, gold investment, jade, jewelry, diamonds, etc., which requires high initial capital and is suitable for high-end wealth managers. How to understand the loan products of financial institutions by paying interest on a monthly basis?

Borrowers can choose repayment methods, and paying interest on a monthly basis is one of them. Pay interest on a monthly basis and repay the principal when it is due. Literally, we can know that it means to repay the interest every month and then repay the principal when it is due. Different repayment methods have different methods for calculating interest.

monthly interest payment and repayment of principal are applicable to short-term loans, usually short-term loans within one year (inclusive), such as automobile mortgage. Therefore, the short-term loans of financial institutions are all the target monthly interest rates.

suppose the borrower handles a loan of 1, yuan with a term of 1 months and a monthly interest rate of 1%. Choose to pay interest on a monthly basis to repay the principal:

monthly interest = loan amount × monthly interest rate = 1,× 1% = 1, yuan

total interest = loan amount × monthly interest rate × loan term = 1,× 1% × 1 = 1, yuan

That is to say, After the maturity, the principal of 1, yuan will be repaid.