Please pay attention to the official account of "Bank of China Micro-Banking" WeChat, select the function of "Microfinance-Function Hall-Financial Tools and Information Inquiry-Loan Calculator" in the menu below, and enter the calculation conditions according to the page prompts for inquiry.
The above contents are for your reference. Please refer to the actual business regulations.
How is the bank loan calculator calculated?
1. Monthly interest rate: that is, the interest calculated on a monthly basis. The calculation method is: monthly interest rate = annual interest rate ÷ 12 (month).
2. Daily interest rate: The daily interest rate is called the daily interest rate and is calculated on a daily basis. The calculation method is: daily interest rate = annual interest rate ÷360 (days) = monthly interest rate ÷30 (days).
3. Annual interest rate: usually in the form of percentage of principal, interest is calculated annually. Calculation method: annual interest rate = interest ÷ principal ÷ time × 100%.
4. Annualized interest rate: refers to the interest rate at which the inherent rate of return of products is discounted to the whole year, which is quite different from the calculation method of annual interest rate. Assuming that the yield of a wealth management product is one year and the yield is B, the annualized interest rate R is calculated as R=( 1B)A- 1.
5. Calculation formula of equal principal and interest: [loan principal × monthly interest rate× (1interest rate) repayment months] ÷ repayment months [( 1 interest rate) repayment months-1]
6. Calculation formula of average fund: monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.
Extended information:
Bank loan refers to an economic behavior in which banks lend funds to people in need at a certain interest rate according to national policies and agree to return them within a specified time limit. Generally, you need a guarantee, a house mortgage, or proof of income, and your personal credit information is good before you can apply.
Moreover, in different countries and 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 quotas, working capital loans, standby loan commitments, and project loans. In Britain, industrial and commercial loans are mostly in the form of discounted bills, credit accounts and overdraft accounts.
According to different classification standards, there are different types of bank loans. For example:
1. According to different repayment periods, it can be divided into short-term loans, medium-term loans and long-term loans;
2. According to different repayment methods, it 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 and securities broker loans.
4. According to the different loan guarantee conditions, it can be divided into bill discount loan, bill mortgage loan, commodity mortgage loan and credit loan.
5. According to the loan amount, it can be divided into wholesale loans and retail loans;
6. According to the different ways of interest rate agreement, it can be divided into fixed interest rate loans and floating interest rate loans, and so on.
Short-term loans refer to loans with a loan term of 1 year (inclusive). Short-term loans are generally used for the liquidity needs of the borrower's production and operation.
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, and the longest is no more than one year; Short-term loans can only be extended once, and the extension period cannot exceed the original period.
The loan interest rate is determined according to the interest rate policy formulated by the People's Bank of China and the floating range of the loan interest rate, as well as the nature, currency, use, method, term and risk of the loan, among which the foreign exchange loan interest rate is divided into floating interest rate and fixed interest rate. The loan interest rate is indicated in the loan contract, which customers can check when applying for a loan. Overdue loans will be punished according to regulations.
The advantages of short-term loans are relatively low interest rates and relatively stable capital supply and repayment. The disadvantage is that it cannot meet the long-term capital needs of enterprises. At the same time, because short-term loans use fixed interest rates, the interests of enterprises may be affected by interest rate fluctuations.
Bank of China loan interest calculator
Because there are many kinds of loans related to our bank, you can't fully understand your personal information. You can inquire about the types of our loans and the specific information of the corresponding loans through the "Personal Finance"-"Personal Loans" function of our portal. Please go to the nearest business outlet for details of loan calculation.
The above contents are for your reference. Please refer to the actual business regulations.
Loan interest calculator 20 17
If you apply for a personal business loan in China Bank, the interest is calculated as follows:
Scheme 1: The RMB loan interest rate announced by the People's Bank of China is the benchmark interest rate, which can fluctuate appropriately according to the customer's situation and loan type. Please consult your local business outlets for details.
Scheme 2: You can search for "Bank of China Weizhong Bank" or "bocebanking" in WeChat official account through Tencent WeChat client, pay attention to and open the location information, and then use Weizhong Bank service to calculate interest.
Click on micro-service-financial tools in Weizhong Bank to find relevant calculation tools, including deposit calculator, loan calculator, investment calculator, exchange rate converter and other calculators (personal income tax).
The above contents are for your reference. Please refer to the actual business regulations.
How to calculate the interest on bank loans?
Calculation method of bank loan execution interest rate: execution interest rate = benchmark interest rate × (interest rate floating value 1), where the interest rate is negative. The loan interest rate of the Bank is based on the benchmark loan interest rate published by the People's Bank of China, and fluctuates on the basis of the corresponding term and interest rate. The interest rate actually released by the bank is the executive interest rate. Each bank's loan type and loan term are different, and the execution interest rate is also different. The lowest interest rate is the provident fund loan interest rate. In the past few years, the commercial loan interest rate of mortgage lenders in various banks may have a certain interest rate discount, such as 15% discount, which means that the interest rate will drop 15%, the floating value of interest rate will be-15%, and the long-term housing loan execution interest rate will be 4. 165%. At present, commercial loans generally rise by 20% today, with a floating interest rate of 20% and a long-term housing loan execution rate of 5.88%. And various consumer and commercial loans, if the repayment method is different, the interest rate is also different.