I bought a house, 1.6 million, with a term of 3 years. How much do I have to pay back? How much is the monthly payment?
The loan principal is 1.6 million, with a term of 3 years. According to the benchmark annual interest rate of the People's Bank of China 1-3 years (including 3 years), the repayment method of principal and interest is equal, with a monthly payment of 4777.4 1 and a total repayment amount of 1.765.