What is Principal, Interest? Is the interest the same across the country? How much?

The principal is the money you deposit in the bank, and the interest is the money that the bank gives you at a certain interest rate when you deposit the principal in the bank and withdraw it at maturity. The interest rates of all banks in the country are uniformly set by the People's Bank of China. Project Duration Current Period:

Lump sum deposit: 3 months, half a year, 1 year, 2 years, 3 years, 5 years, lump sum deposit, lump sum withdrawal: 1 year, 3 years, 5 years.

The principal is the money we keep in the bank!

The interest is because we deposit money in the bank, and the bank pays us money according to the principal and time.

The interest rate is the percentage of the principal divided by the interest. It should be said that the benchmark interest rate of bank loans is the same in various places, and the specific loan interest rate varies from bank to bank according to different judgments and different customer situations, that is, the same bank is different for different customers. The current benchmark interest rate was adjusted on 23 December 2008 and there were no new adjustments in 2009.

2008-12-23% p.a

1. Short-term loans.

Six months inclusive

Six months to one year inclusive

2. Medium and long-term loans.

1 to 3 years inclusive

Three to five years inclusive

More than five years.

Principal and interest and principal generally refer to the two repayment methods of equal principal and interest and equal principal, and under the same loan conditions, the equal principal and interest will be more than the total interest paid on the equal principal; The monthly repayment amount of equal principal and interest is the same; The monthly repayment amount of the equal principal amount is decreasing. In the total amount of repayment each month when using equal principal and interest repayment, the principal is gradually increased and the interest is gradually decreased, but the total amount remains unchanged; The total amount of equal principal repaid each month decreases.

Extended Information: Principal Repayment.

Equal repayment of principal and interest.

According to industry insiders, the most common repayment method handled by banks at present is equal principal and interest repayment. This type of repayment is the sum of the total principal amount and the total interest of the mortgage loan, which is then spread evenly over each month of the repayment period. As a repayer, you repay a fixed amount to the bank every month, but the proportion of principal in the monthly repayment increases month by month, and the proportion of interest decreases month by month.

For example, if you need to borrow 200,000 yuan from the bank and the repayment period is 20 years, according to the current interest rate of most banks, choose the equal principal and interest method, and repay the yuan about every month. The total repayment amount is 330,000 yuan, of which the amount of interest payment is 130,000 yuan.

In this regard, bank financial experts analyze that it is convenient for the borrower to repay the mortgage with equal principal and interest, and the borrower bears the same amount every month. The equal principal and interest repayment method is especially suitable for people with stable income, as well as buying a house for self-occupation, and the economic conditions do not allow excessive investment in the early stage.

Equal principal repayment.

In addition to the equal principal and interest repayment method, equal principal repayment is also a relatively common method of repaying the mortgage, and the borrower can gradually reduce the burden as the repayment year increases. This type of repayment spreads the principal over each month and pays off the interest between the date of the previous payment and the date of the current payment.

For example, if you need to borrow 200,000 yuan from the bank and the repayment period is 20 years, according to the current interest rate of most banks, choose the equal principal method, and the monthly repayment amount in the first year is about 1,700 yuan in the initial stage of repayment; The average monthly repayment in the last year is around 800 yuan. The total repayment amount of the equal principal method is 310,000 yuan, of which the amount of interest paid is 110,000 yuan.

The feature of using equal principal repayment is that the borrower begins to repay the loan with a heavier monthly burden than the equal principal and interest. However, over time, the repayment burden will gradually decrease. This repayment method is lower than the equal principal and interest method for the same period, and the total interest expense is lower.

If the mortgage interest rate enters the interest rate hike cycle, the equal principal repayment method will also be more advantageous. According to the current regulations of most banks, partial prepayment can only be made once a year. If the borrower intends to repay the loan early, the equal principal repayment method is also a good option.

Principal and pure gold: The money deposited in the bank is called principal. Interest: The money overpaid by the bank at the time of withdrawal is called interest.

Interest rate: The ratio of interest to principal. The relationship between principal, interest and interest rate can be expressed in a rough way through the formula for calculating the interest rate

Interest rate = interest principal. The principal refers to the money deposited in the bank, and the interest is the corresponding remuneration generated by the owner of the fund for lending the funds, and the interest rate is also called the interest rate, which is the ratio of interest to the principal. There are generally three types of interest rates: annual interest rate, monthly interest rate and daily interest rate.

The principal diggget refers to the initial investment you personally put into the financial market, the profit rate refers to the rate of return, and the interest refers to the return obtained from the investment in the financial market!

Principal * Interest Rate = Interest.

The percentage of interest to the principal is called the interest rate The money deposited in the bank is called the Bendan Doujin When withdrawing money, the bank pays the money in addition to the principal paid by the doupi is called interest

Interest (annual) = principal Annual interest rate (percentage) Deposit period or interest = principal Interest rate Time;

Deposit interest = principal number of days listing interest (daily interest rate) = number of interest-bearing days daily interest rate;

However, the amount of interest depends on three factors: the principal, the tenor and the level of interest rate. The principal amount is the original amount of a loan, deposit, or investment before interest is calculated.

Interest rate, also known as interest rate, is the ratio of interest to principal within a certain date, which is generally divided into three types: annual interest rate, monthly interest rate, and daily interest rate. The annual interest rate is expressed as a percentage, the monthly interest rate is expressed in thousandths, and the daily interest rate is expressed in thousandths.

The interest rate is divided into annual interest rate, monthly interest rate, and daily interest rate, and the conversion relationship between the three is: annual interest rate = monthly interest rate 12 (month) = daily interest rate 360 (days); Monthly interest rate = annual interest rate 12 (month) = daily interest rate 30 (days); Daily interest rate = annual interest rate 360 (days) = monthly interest rate 30 (days), in addition, the use of interest rate should be consistent with the deposit period.

For example, if the loan is 100,000 yuan, the annual interest rate is, and the loan is 5 years, then the corresponding loan interest is = 100,000 yuan.

The principal is called the principal of the money deposited in the bank, and the money overpaid by the bank when the interest is withdrawn is called interest, and the ratio of interest rate interest to principal These concepts are generally used for the use of funds, and the most common is bank deposits.

In general, interest refers to the ratio of the interest amount of a loan to the principal. It is understood that China's interest rates are uniformly managed by the People's Bank of China, and banks and lending institutions can negotiate within the upper and lower limits stipulated by the People's Bank of China.

Interest interest and interest vary depending on the loan principal and the term of the loan, and can also be said to be the proportion of the loan principal. Through the calculation, we get the loan interest calculated by the formula: interest and principal x interest rate x loan term.

The role of interest rates.

Capital accumulation is one of the necessary means for the development of the economy of all countries in the world. Accumulating funds through interest rate leverage can obtain the effect of increasing the total amount of available monetary funds in the whole society under the condition that the first bank does not expand the money supply.

Macroeconomic regulation and control function, because the interest rate reflects the development trend of the economy to a large extent, so the first and financial management authorities of various countries often use interest rate means to change the development trend of the blind brother and sister, so that the interest rate has become an important economic lever of the country's macroeconomic control. <>

1. Principal: refers to the original amount of a loan, deposit or investment before the calculation of interest.

2. Interest: refers to the fee for the use of money in a certain period of time, and refers to the remuneration received by the holder (creditor) of the currency from the borrower (debtor) for lending money or monetary capital. This includes interest on deposits, loans, and interest on various bonds.

3. Interest rate: refers to the ratio of the amount of interest to the amount of borrowing, depositing or borrowing (principal) in a certain period.