How to calculate interest on financial leases

How to calculate the interest on financial leasing? The real interest rate of the lease is calculated on the basis of the benchmark interest rate of the loan, i.e. 7.05%. Financial leasing business belongs to the financial category, so there is no essential difference between rental calculation and loan calculation. The principle is to be according to the occupancy time of the principal, in each repayment period, the interest is settled first and then the principal. Legal basis: the provisions of Article 20 of the Judicial Interpretation of Financial Leasing Contracts, the lessee's late performance of the obligation to pay rent or delay in the performance of other payment obligations, the lessor in accordance with the agreement of the financial leasing contract requires the lessee to pay the late interest, the corresponding liquidated damages, the people's court shall be supported.