Parking loan, 6,543,800 yuan, divided into three years, how much is it every month? thank you

The monthly repayment amount of bank loans of 654.38 million yuan for three years shall be calculated according to the charging standard of the issuing bank. Take Bank of China as an example:

Loan principal × annual interest rate = annual interest rate. China Bank has an annual interest rate of 4.75%, a loan of 654.38 million yuan and an annual interest of 4,750 yuan.

Monthly principal repayment: 100000÷36=2777.78 yuan.

Monthly interest payable: 4750÷36= 13 1.95 yuan.

The monthly repayment amount is equal to the monthly repayment principal plus the monthly repayment interest: 2777.78+131.95 = 2909.73 yuan. (For reference only)

Under normal circumstances, the parking loan belongs to the commercial property mortgage, and its interest rate needs to rise by at least 10% on the basis of the normal housing loan interest rate, that is, it needs to be close to 7%. However, at present, the interest rates of Guangzhou Bank, Agricultural Bank and Rural Commercial Bank, which specialize in parking loans, are much lower than the normal commercial property loan interest rates, even lower than the three-year and five-year time deposits of bank time deposits in the same period.

Guangzhou Bank's "parking loan" charges 3.4% every year. The interest rates of Agricultural Bank of China and Rural Commercial Bank depend on the number of years. If the loan term of ABC is one year, the handling fee is 3.5%. If it is three years, the handling fee is only 65,438+00%, which is only about 3.3% per year. Rural commercial banks charge 3.3% for parking loans for three years and 20% for five years, with an average of 4% per year, slightly lower than the other two banks.

What's the real interest rate for parking loans?

All children who have studied finance know the real interest rate. In accounting treatment, bonds payable will also involve the effective interest rate method. Simply put, the real interest rate is relative to the nominal interest rate, and the nominal interest rate is the interest cost you really bear.

The loan is 6,543,800 yuan, and the monthly payment is 365,438+000 yuan, with the rate of 0.33%/ month. The interest to be repaid is 1 1600 yuan, so the total interest rate is 1 1.60%. 1 1.60%/3=3.87%. If you think like this, you can easily fall into the pit. Select all repayment amounts and loans of 6,543,800 yuan, and use IRR function to calculate the actual interest rate as 7.27%. Although the nominal interest rate and rate are around 3%-4%, the interest cost we have to bear is 7.27%.

Why is this happening? This is because the monthly repayment of 3 100 yuan includes the principal 100 million yuan. With the principal gradually decreasing, we still repay the loan at the nominal interest rate of 654,380+000 every month, and the next few months will definitely be uneconomical.