How much is the interest on a 400,000 loan for one month?

How much is the monthly payment of 400 thousand in 20 years

If the borrower applies for a commercial bank mortgage loan, it shall be calculated according to the benchmark interest rate of the loan. The benchmark interest rate of Jinyuan Key 1 to 5 years is more than the current commercial loan interest rate of the first home loan, which is usually calculated by multiple of the benchmark interest rate, and some banks will further adjust it. At present, the quoted interest rate (LPR) of the loan market that has been disrupted for more than five years is an equal principal and interest loan. When buying a house, the calculation formula of monthly repayment amount is: [loan principal × monthly interest rate ×( 1 interest rate )× repayment months ]⊙[( 1 interest rate )× repayment months].

Calculation principle: from the beginning of monthly contribution, the bank collects the interest of the remaining principal first, and then the principal; The proportion of interest in monthly payment decreases with the decrease of residual principal, and the proportion of principal in monthly payment increases with the increase, but the total monthly payment remains unchanged.

According to the annual interest rate, the repayment method of matching principal and interest is 20 years, and the monthly fixed repayment is 2729 yuan. In 20 years, the repayment was 65496 1 yuan, of which the principal 10000 yuan and the interest was 25496 1 yuan.

The borrower applies for a provident fund loan of 400,000 yuan, with a loan term of 20 years. The annual interest rate is equal to the principal and interest, and the monthly repayment is RMB. Repayment according to the average capital method, the first month is 2750 yuan, and the repayment amount is reduced by RMB every month.

The loan of 400,000 yuan will be paid off in 20 years. How much is the monthly payment?

The 20-year monthly payment of 400,000 yuan is an essential factor besides the loan amount, loan term, loan interest rate and repayment method.

1. mortgage loan.

1. Equal repayment of principal and interest. The loan interest is 228,266.29 yuan, and the total principal and interest is 628,266.29 yuan. The monthly repayment amount is 26 17.78 yuan.

2. Repayment of equal principal, loan interest 1968 16.67 yuan, total principal and interest of 5968 16.67 yuan, and the repayment amount in the first month is 3,300 yuan, with a monthly decrease of 6.8 1 yuan.

Compared with the above two methods, the average capital method is 365,438+0,449.62 yuan less than the equal principal and interest method.

Second, provident fund loans.

1. Equal repayment of principal and interest. Loan interest144,507.93 yuan, with total principal and interest of 544,507.93 yuan. The monthly repayment amount is 2268.78 yuan.

2. Repay average capital. Loan interest 13054 1.67 yuan, and the total principal and interest is 53054 1.67 yuan. The repayment amount in the first month is 2750 yuan, with a monthly decrease of 4.5 1 yuan.

Compared with the above two methods, the average capital method is less than the equal principal and interest method 13966.26 yuan.

What are the conditions for a bank loan of 400,000 yuan? What are the requirements?

If you want to borrow 400,000 yuan from the bank, you must meet the following conditions:

1. Purchase commercial housing designated by the bank in this city with legal household registration book (not limited to this city), ID card or business license, certificate of legal representative or legal residence permit and passport;

2. Open a deposit account in a bank with a deposit balance of not less than 30% of the house to be purchased;

3. Having valid purchase contracts, agreements and other supporting documents;

4. Agree to mortgage the property under the house purchase contract, and be willing to perform all the terms of the loan contract.

Requirements:

1. Have the original and copy of the resident ID card;

2. Have the original and photocopy of the house subscription book;

3. Have the original and copy of the down payment;

4. Proof of monthly contribution ability, including: personal and family income certificate and deposit certificate (passbook or other securities);

5. China citizens with full capacity for civil conduct and overseas and foreign citizens with the right of abode in Chinese mainland.

Extended data:

(1) Self-operated loans, entrusted loans and special loans

Self-operated loan refers to a loan independently issued by the lender with funds raised by legal means. The risk is borne by the lender, and the principal and interest are recovered by the lender. Entrusted loans refer to funds provided by customers such as government departments, enterprises, institutions and individuals.

Loans issued, supervised and recovered by the lender (i.e. the trustee) according to the loan object, purpose, amount, term and interest rate determined by the client. The lender (trustee) only charges the handling fee and does not bear the loan risk. Specific loans refer to loans granted by wholly state-owned commercial banks with the approval of the State Council after taking corresponding remedial measures for the losses that may be caused by loans.

(2) Short-term loans, medium-term loans and long-term loans

Short-term loans refer to loans with a loan term of less than one year (including one year). Medium-term loans refer to loans with a loan term of more than one year (excluding one year) to less than five years (including five years). Long-term loans refer to loans with a loan term of more than five years (excluding five years).

(3) Credit loans, secured loans and discounted bills

Credit loan refers to the loan issued by the borrower's credit. Secured loan refers to mortgage loan, mortgage loan, and secured loan refers to a loan issued by a third party in the form of guarantee stipulated in the Guarantee Law of People's Republic of China (PRC), with the borrower undertaking general guarantee liability or joint liability as agreed.

Mortgage loan refers to the loan issued with the property of the borrower or a third party as collateral according to the mortgage method stipulated in the Guarantee Law of People's Republic of China (PRC). Refers to the loan granted with the borrower's movable property or the rights of a third party as pledge according to the provisions of the Guarantee Law of People's Republic of China (PRC). Bill discount refers to the loan issued by the lender in the form of purchasing the borrower's unexpired commercial paper.

During the slowdown of economic growth, some small and medium-sized enterprises encountered some difficulties, especially in Zhejiang, where private lending was prevalent before, which became an important reason for the decline in the quality of bank assets in this round.

Take Ping An Bank as an example. From the perspective of industry, 78% of the new non-performing loans of banks come from manufacturing. By region, 88% of the new non-performing loans in the first half of the year came from the eastern region, indicating that the operating difficulties of small and medium-sized enterprises in Jiangsu, Zhejiang and Shanghai have a great impact on the asset quality of Ping An Bank.

Shanghai Pudong Development Bank is no exception. The bank said in the semi-annual report: "Affected by the regional economy, the company's new non-performing loans in the first half of 20 12 were mainly concentrated in Wenzhou and Hangzhou, and the loan quality in other regions remained basically stable. In view of the increased credit risk in Wenzhou and Hangzhou in the first half of 20 12, the company has taken it into account when withdrawing the loan reserve. "

However, some analysts believe that there is an obvious phenomenon in the change of asset quality of listed banks: some banks with more non-performing loans than at the beginning of the year have also increased their overdue loans, increased their non-performing rate, decreased their provision coverage ratio faster, and faced greater asset quality pressure in the future.

Judging from the situation of overdue loans, by the end of the period, the overdue loans of Shanghai Pudong Development Bank were 654.38+0.23 billion yuan, an increase of 556.5438+0 billion yuan, or 886.5438+0%, compared with 6.79 billion yuan at the beginning of the year. The balance of overdue loans of Minsheng Bank was 65.438+06.849 billion yuan, an increase of 63.22%; Ping An Bank's overdue loans in the first half of the year increased by 565,438+0% compared with the beginning of the year;

The balance of overdue loans of China Merchants Bank was 65.438+08.834 billion yuan, an increase of 38.27%; Industrial Bank's overdue loans increased by 37% for half a year; The balance of overdue loans of Huaxia Bank was 5.858 billion yuan, an increase of about 30.7%.

Although overdue loans may not necessarily turn into non-performing loans, and eventually lead to impairment losses of banks. However, the sharp increase in overdue loans has caused the market to worry about the quality of credit assets of some banks.