How to repay the loan now? Which bank has a more appropriate interest rate?

It is recommended to use the equal principal repayment method, which has the lowest interest payable on the repayment at present, and the disadvantage is that the initial repayment amount is the largest, showing a gradual downward trend. The first month is about 1014 yuan, and then it can be reduced by about 2 yuan per month.

The loan interest rate is calculated by subtracting the principal from the total repayment, which is the total interest, and dividing the total interest by the number of years, and then dividing by the principal of the loan, which is your annual interest rate.

Loan interest rate, loan interest.

The loan interest rate is the ratio of the amount of interest to the principal amount during the term of the loan. The interest rate of a loan contract with a bank or other financial institution as the lender is determined, and the parties can only negotiate within the upper and lower limits of the interest rate stipulated by the Bank of China. So how to repay the bank loan is the most cost-effective?

Here I will introduce you to some knowledge of loans.

1. Equal principal and interest repayment: This is the mainstream repayment method at present. In this way, the amount of principal and interest will be different if the amount of principal and interest is repaid every month, and the amount of principal repayment in the previous period is greater than the amount of interest; The amount of interest repayment in the later period is greater than the principal amount.

This repayment method is suitable for loan applicants with stable income, and it is more convenient to arrange income and expenditure; Its disadvantage is that the amount of interest repaid is relatively large, the interest will not decrease with the decrease of the principal, and the total interest on repayment is higher.

2. Equal principal repayment: In this way, the loan applicant repays the same principal every month, and the interest will decrease with the decrease of the principal amount each month. The principal and interest paid upfront are more, but the total amount of interest to be paid is relatively small, and the repayment burden decreases month by month.

This repayment method is suitable for loan applicants who have sufficient funds on hand after the loan, and the ability to repay in the early stage is high.

3. One-time repayment of principal and interest: If the term of the loan is less than one year (including one year), the principal and interest shall be repaid at one time when due, and the principal shall be repaid with the brother. This repayment method is generally only available for small short-term loans. The applicability is not strong.

4. Repayment of interest and principal on time: In this way, the loan applicant independently decides to repay the loan at monthly or quarterly or annual intervals. To put it simply, the loan applicant will make up the money to be repaid every month according to different financial situations.

This repayment method is suitable for people with unstable incomes.

If the bank handles the loan, it is necessary to pay attention to the following methods, and choose the repayment method that suits you, and the funds for repayment are different each month, so you can choose according to your actual situation. The above is an introduction to how much is the interest rate of the bank loan and how to repay the loan of the bank and Zheng return to the bank, so you have a better understanding of the loan repayment.

1.The repayment amount of equal principal and interest is relatively fixed in each installment, and most borrowers are willing to choose;

2.The repayment amount of the two methods of equal incremental repayment and equal incremental repayment is gradually increased, which is suitable for borrowers whose income is gradually increasing;

3.The repayment amount is gradually reduced in three ways: equal principal repayment, equal decreasing repayment and proportional decreasing repayment, which is suitable for borrowers whose income is gradually decreasing or planning to gradually reduce the repayment amount of each installment.

Regarding the loan interest, the longer the loan time of the customer, the longer the time of occupying the bank's funds, the larger the loan amount, the larger the amount of bank funds, and the relatively more loan interest paid; If the loan period is short, the time to occupy the bank's funds will be less, and the loan amount will be smaller, and the amount of bank funds will be smaller, and the loan interest paid will be relatively small. Therefore, choose the repayment method that suits you according to your financial situation. It is not possible to say which type of repayment pays less interest.

There are 2 ways to repay a mortgage, equal principal and equal principal and interest. The principal of the monthly repayment of the equal principal is fixed, and the interest is not fixed, so the repayment in the early stage is more and will be less in the later stage; The monthly repayment amount of equal principal and interest is fixed, and the total interest will be more than the interest of equal principal.

CPF free repayment has the least interest on loan repayment.

There are several ways to repay a mortgage:

Type 1: Fixed-rate repayment.

Expert Comments: The biggest advantage of fixed-rate mortgages is that the interest rate does not adjust with changes in prices or other factors, but the fixed interest rate is often a certain percentage point higher than the benchmark interest rate because it is the risk of interest rate hikes locked in advance by borrowers.

Type 2: Equal principal repayment.

Expert Comments: With the equal principal repayment method, the borrower will have a larger monthly burden when he starts to repay the loan. However, as the repayment time passes, the repayment burden will gradually decrease, and the total interest expense will be lower in the end.

The third type: equal repayment of principal and interest.

Expert Comments: The mortgage is repaid with equal principal and interest, and the borrower's monthly payment remains unchanged. By taking on the same amount of money every month, it is convenient for borrowers to arrange their income and expenditure.

Fourth: free repayment of provident fund.

Expert Comments: Discretionary repayment is a unique repayment method for CPF loans. Compared with the traditional equal principal and interest or equal principal repayment, the CPF free repayment method is more flexible.

There are generally two types of mortgage repayment, one is equal principal and interest repayment, and the other is equal principal repayment. There are pros and cons to both methods, and the equal principal repayment method has a lower total interest payment, but it is much more every month. Borrowers will be under increased debt pressure.

The interest is almost the same, not a penny less, generally there are two ways to repay: the simple point is that if you borrow for 20 years, that is, 240 months, you will repay the same amount of money every month, and there is another kind of repayment at the beginning, and the future will pay less and less, which the bank will calculate for you when you buy a house. Refer to the data finance network.

ICBC is relatively low.

No matter how the country's LPR interest rate changes and what changes are made to the housing loan policy, the loan interest rate of the four major banks will still be lower than that of other commercial banks. Take Guangzhou as an example, most of the banks in Guangzhou have raised their mortgage interest rates, and the big four banks in Guangzhou are no exception. The average mortgage interest rate of the four major banks in Guangzhou is around, while the average mortgage interest rate of commercial banks such as China Everbright Bank and Shanghai Pudong Development Bank is about the same.

I hope mine can be helpful to you, thank you for your advice, thank you,.

Banks with relatively low loan interest rates include the Bank of China, the Rural Hardship Front Industry Bank, and the Postal Savings Bank.

1. Bank of China.

For Bank of China e-Loan, the upper limit of the annual interest rate of the loan shall be implemented in accordance with the implementation and differentiated pricing shall be carried out with reference to the specific conditions of the borrower.

2. Agricultural Bank of China.

The annualized interest rate of the 1-year loan is the lowest, and the interest rate in each region is different, and the price is also differentiated according to the borrower's qualification.

3. Postal Savings Bank.

The annualized interest rate of the postal loan is in between, and the differentiated interest rate is also used, which is based on the display on the interface at the time of application.

Conditions required for applying for a line of credit:

1. The borrower needs to meet the conditions and is a natural person with full civil capacity. The vast majority of lending institutions require the borrower to be at least 18 years old, and the maximum loan age cannot be higher than 60 years old.

2. The borrower has a stable job and profitability, and has the ability to repay the loan on time.

3. The borrower has a good credit record, because the credit loan does not need to provide mortgage and guarantee, so the personal credit requirements for the borrower are relatively strict, and only users with good credit have the opportunity to apply for loans.

4. Prepare materials, including loan application, user ID card, household registration booklet, income certificate, marital status certificate, etc. There are some spouses who need to provide it, and different banks have different requirements, and some banks only need an ID card.

Equal principal repayment method with less interest.

Equal principal and interest and equal principal should be said to be beneficial to both.

Equal principal and interest: The monthly principal repayment increases month by month, and the interest repayment decreases month by month. The monthly repayment is fixed, which is conducive to personal repayment arrangement, and the upfront repayment amount is less than the equal principal, and the upfront repayment pressure is relatively small.

Equal principal: The principal repaid every month is fixed, the interest repaid each month decreases, and the pressure of early repayment is high, but because the principal repaid in the previous period is relatively large, the total interest amount is much less than the equal principal and interest, which is also conducive to early repayment.

If the upfront repayment is affordable, it is recommended to choose the equal principal repayment method.

The interest rate of commercial loans is relatively high, and if you pay the provident fund for a long time, the available provident fund loan is more cost-effective, and the interest will be less.

Which mortgage repayment method is more cost-effective? Choosing the right repayment method can save a lot of money!

Bank of China has the cheapest interest on loans.

Among the state-owned banks, the Bank of China has the lowest interest rate, and its lending rate so far is.

The loan interest rate of CCB is determined by referring to the benchmark interest rate of RMB loans, and then according to the situation of the borrower, and the general interest rate will rise by 10%-30%.

The interest rate of short-term loans (within six months, including six months) of Agricultural Bank of China is; The interest rate for loans from six months to one year (including one year) is: The interest rate for loans from one to three years (including three years) is, and the interest rate for loans over five years is.

The interest rate of short-term loans (within 6 months, including 6 months) of ICBC is; The interest rate for loans from six months to one year (including one year) is: The interest rate for loans from one to three years (including three years) is, and the interest rate for loans over five years is.

Compared with other banks, Bank of China's Youhuai loan has the lowest interest rate.

Introduction to the Big Four:

1. China Construction Bank.

Its predecessor was the Chinese Construction Bank, which was established on October 1, 1954 (later officially renamed China Construction Bank on March 26, 1996). The head office is located at No. 25 Financial Street, Beijing, which is a large state-owned commercial bank managed by the first and a national vice-ministerial-level unit. China Construction Bank has branches and subsidiaries in 29 countries and regions, including corporate banking, personal banking and treasury business, and has subsidiaries in many industries such as leasing, trust, life, property insurance, investment banking, pension and so on.

2. Agricultural Bank of China.

Founded in 1951. The head office is located at No. 69, Jianguomennei Street, Beijing, which is a large state-owned commercial bank and a national vice-ministerial-level unit. Agricultural Bank of China is an important part of China's financial system, providing a variety of corporate banking and retail banking products and services, as well as financial market business and asset management business, including investment banking, management, financial leasing, life insurance and other fields.

3. Industrial and Commercial Bank of China.

Founded on January 1, 1984. The head office is located at No. 55, Fuxingmennei Street, Beijing, which is a large state-owned commercial bank and a national vice-ministerial-level unit. The basic mission of the Industrial and Commercial Bank of China is to raise social funds through financing activities at home and abroad in accordance with the laws and regulations of the state, strengthen the management of credit funds, support the production and technological transformation of enterprises, and serve China's economic construction.

4. Bank of China.

It is the only bank in China that has been in continuous operation for more than 100 years, and it is also the most international and diversified bank in China. Institutions in Chinese mainland and 61 countries and regions, including BOC International, BOC Investment, BOC**, BOC Insurance, BOC Aviation, BOC Consumer Finance, BOC Financial Business, BOC Hong Kong and other holding financial institutions. <>