Why is the first month of equal principal 3233?

The initial repayment amount of equal principal is larger than that of equal principal and interest, but the total repayment amount is less than that of equal principal and interest.

If the loan is repaid in equal amounts, it will generally be repaid more in the front, and less in the back. That's because the further you go, the less interest you get.

Repayment of equal principal amount:

First Month's Repayment = Principal Number of Repayment Months + Principal * Monthly Interest Rate.

2nd Month's Repayment = Principal Number of Repayment Months + Remaining Principal * Monthly Interest Rate.

Therefore: the principal amount of equal principal repayment is the same as the monthly principal repayment, and the interest amount is gradually reduced.

Hello, the interest generated by the loan will incur different fees due to product details, credit comprehensiveness, repayment method and time, etc., and everyone's situation is different, and the costs incurred are also different. When we apply for a loan, we should not only compare the interest, but also comprehensively check the reliability of the loan platform, so as to ensure the safety of our information and property.

It is recommended to use Youqian Hua, which was formerly known as "Youqian Hua", which is a credit brand of Du Xiaoman Finance, which provides users with safe, convenient, unsecured and unsecured credit services.

It has the characteristics of simple application, low interest rate and fast loan, flexible borrowing and repayment, transparent interest rate and strong security.

Share with you the application requirements for consumer products with money: it is mainly divided into two parts: age requirements and information requirements.

2. Information requirements: During the application process, you need to provide your second-generation ID card and your debit card.

Note: Only debit cards are supported, and the application card is also your debit card. My identity information must be the second-generation ID card information, and I cannot use a temporary ID card, an expired ID card, or a first-generation ID card to apply.

This answer is provided by Youqianhua, due to objective reasons such as the timeliness of the content, if the content is inconsistent with the actual interest calculation method of the Qianhua product, it shall be displayed on the page of Du Xiaoman Financial APP-Youqianhua Loan. Hope this helps.

The equal principal repayment method means that the total loan amount is divided equally according to the repayment period, and the borrower repays the same amount of principal and the interest accrued on the remaining loan every month, and the equal principal repayment method is used to repay the principal amount of the monthly repayment, and the interest will decrease month by month. The calculation formula is as follows:

Monthly repayment amount = (principal number of repayment months) + (principal - accumulated principal repaid) monthly interest rate.

Total Interest on Repayment = (Number of Months of Repayment + 1) Loan Amount Monthly Interest Rate 2 Total Repayment = (Number of Months of Repayment + 1) Loan Amount Monthly Interest Rate 2 + Loan Amount.

Suppose you borrow 10,000 yuan, the loan term is 2 years, the annual interest rate is, and the monthly interest rate is, according to the equal principal repayment method, you need to repay (10,000 24) + (10,000-0) yuan in the first month, and you need to repay (24 + 1) 10,000 yuan in total.

The equal principal is yuan every month, with yuan, I hope it can help you.