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How to calculate the loan interest in 2018

How to calculate the loan interest in 2018

Sihai network: now many friends have opened the function of borrowing money on Alipay. Borrowing money is the loan service provided by the ant gold suit to the individual, but many friends are very concerned about how to calculate the interest of borrowing money. Let's take a look.

At present, there are three months, six months and 12 months installments to choose from. There are two ways of repayment, one is interest before cost, the other is monthly equal amount.

For example:

Interest before the original means that the interest is paid in the early stage, and the principal and interest are returned when they are due.

For example: Loan 10000 yuan, six months in installments

Interest calculation method: (for example, if the loan is 16 days in the current month)

First Repayment: principal 0 yuan + Interest 10000 * 0.04% * 16 days = 64

Second installment repayment: principal 0 yuan + Interest 10000 * 0.04% * 31 days = 124

To the last period: principal 10000 yuan + 10000 * 0.04% * 31 days (1.5 days - 2.5 days) = 10124

The loan days are different each month, and the interest rate is also different.

Equal monthly means that the monthly repayment amount is the same

For example: the loan is 10000 yuan, and the period is 6 months

Interest: principal 10000 * interest 4 / 10000

The amount of repayment for each installment is: (RMB 10000 of principal + RMB 10000 * interest of RMB 10000) & pie; 6