A, 350,000 loan 20 years how much monthly payment
If in accordance with the current commercial loan benchmark interest rate of 4.9%, principal and interest loan 20 years monthly payment is 2290.55 yuan, if it is a principal loan, 20 years monthly payment first installment is 2887.5 yuan, and then the amount of repayment decreases every month. If you are a CPF loan, the first installment of the equal principal and interest 20-year monthly payment1 is $2,406.25.
Most people first suite percent around, or 5.39%, in July 2019, the national first suite of 4%, so if it is a purely commercial loan of 700,000, 20 years to pay off the 20-year total interest is $ 441; using equal principal repayment, the 20-year total interest is $ 344,400, each month to pay back $ 5,775, and then less each month
If the CPF loan of 700,000, 20 years to pay off, using equal principal and interest repayment, 20 years of total interest is 252,800, each month to pay 3,970 yuan; using equal principal repayment, 20 years of total interest is 228,400, each month to pay 4,812 yuan, each month in the future to pay 8 yuan less.
: Loans (e-debit credit loans) are simply understood in layman's terms as borrowing money that requires interest.
Loans are a form of credit activity in which banks or other financial institutions lend monetary funds at a certain rate of interest and must be returned and other conditions. Wide discounting, overdrafts and other lending funds in general. Concentrated money and money funds put out, can meet the social expansion of reproduction on the need for additional funds, promote economic development, at the same time, the bank can also be the resulting accumulation.
Principles
"The three sexes, which is the fundamental principle of commercial bank loan operation. The Chinese people's *** and the State Commercial Bank Law, Article 4 provides: "commercial banks, efficiency as the principle of operation, the implementation of independent operation, bear their own risks, self-supporting profits and losses, self-restraint."
1, the primary issue of loan security;
2, liquidity refers to the ability to be able to quickly liquidate without loss, to meet the customer at any time to mention
3, efficiency is the basis of the bank's continued operation.
For example, the issuance of long-term loans, the interest rate is higher than short-term loans, efficiency will increase the risk of reduced security "to harmonize between the loan in order not to have problems.
Repayment Methods
(1) Equal Principal and Interest Repayment: A way of repaying an equal amount on a monthly basis. Housing Provident Fund loans and most banks commercial personal housing loans are used in this way;
(2) equal principal repayment: that is, the borrower will be the loan amount spread evenly throughout the repayment period for each period (month a transaction date to the current repayment date of the loan interest of the repayment of the amount of the month by month;
(3) monthly interest due to repayment of the principal: that is, the borrower in the loan maturity date of a one-time restitution of Loan principal [term of less than one year (including one year) loans apply], also;
(4) early repayment of part of the loan bank to apply, you can early repayment of part of the ten thousand integer multiples, repayment at this time the loan bank will issue a new repayment plan, which the repayment amount and repayment of the year is changed, but the repayment method is unchanged and the new repayment period shall not exceed the original loan life
p>(5) Early repayment of all loans: that is, the borrower to the bank to apply, you can early repayment of all the loans bank will terminate the borrower's loan, and the corresponding discharge procedures.
Two, the loan 350,000 20 years how much monthly payment
Monthly payment is calculated according to the different repayment methods are divided into the following two kinds:
1, equal principal and interest repayment method of the monthly monthly payment amount = [loan principal x monthly interest rate x (1 month interest rate) ^ number of months of repayment] ÷ [(1 month interest rate) ^ number of months of repayment - 1], equal amount of Principal and interest repayment refers to the same monthly repayment of principal and interest, each month to pay the bank's monthly payment is the same, that is, the bank's principal and interest are equally divided into each month repayment date repayment.
2, equal principal repayment method monthly monthly payment amount = (loan principal ÷ repayment of the number of months) (loan principal - the cumulative amount of returned principal) × monthly interest rate, equal principal repayment refers to the same monthly repayment of the principal, the interest is reduced period by period.
The following mortgage, for example, according to the central bank's benchmark interest rate of more than five years of commercial loans of 4.90% per annum; more than five years of provident fund loans of 3.25% per annum, the calculation can be obtained 350,000 loans for 20 years of the monthly payments as follows:
A commercial loan
1, equal principal and interest repayment method of 350,000 loans for 20 years of the monthly payment amount is 2290.55 yuan.
2, equal principal repayment method 350,000 loan 20 years of the first month of the monthly payment amount of 2887.5 yuan, and then decreasing month by month.
Second, provident fund loans
1, equal principal and interest repayment method of 350,000 loan 20 years of monthly payments of 1985.19 yuan.
2, equal principal repayment method 350,000 loan 20 years of the first monthly payment amount of $2,406.25, and then decreasing month by month.
Three, who can calculate, a loan of 350,000. 20 years, how much per month
Currently announced by the People's Bank of 5-30 years (including 30 years) loan interest rate per annum is 4.9%, according to the prime rate of interest rate test, in the case of interest rates remain unchanged, the use of equal principal and interest repayment method of repayment, the amount of the monthly repayment of 3,695.21 yuan, the amount of the monthly repayment. Using the equal principal repayment method, the monthly repayment amount decreases month by month.
If you are ready to apply for a loan with China Merchants Bank, the interest rate will need to be priced based on a combination of the type of business you are applying for, your credit status, the type of guarantee and other factors, and will only be determined after approval by the branch.
Four, 20 years 310,000 yuan mortgage repayment of 6 years, about how much principal repayment?
Don't know what your interest rate was at the time, so you can only roughly estimate, the difference will not vary too much, 310,000 loan 20 years repayment 6 years after about 246,600 yuan, up and down will not be too big ~