Calculation method of automobile loan interest:

The calculation formula of daily interest rate is generally: daily interest rate = annual interest rate /360-month payment = [loan principal × monthly interest rate ×( 1 interest rate )× repayment months ]≤[( 1 interest rate )× repayment months].

Monthly interest payable = loan principal × monthly interest rate × [( 1 interest rate )× repayment months -( 1 interest rate) ÷ [( 1 interest rate )× repayment months-1]]

Monthly repayment principal = loan principal × monthly interest rate ×(65438+ 10 interest rate) ÷ (repayment month serial number-1)÷[(65438+ 10 interest rate) repayment months-1].

Total interest = repayment months × monthly repayment amount-loan principal.

Extended data:

Processing flow:

First of all, the lender needs to prepare ID card, residence certificate, work certificate, loan use certificate and other supporting materials, go to a bank, fill out an application form and fill out a contract.

Then, wait for the bank's pre-loan qualification investigation and approval. If the lender meets the loan conditions stipulated by the bank, the bank will inform the lender to fill out some loan forms. If the loan applied by the lender needs mortgage or guarantee, it is also necessary to sign a guarantee contract and a mortgage contract, and go through the mortgage registration procedures; If so, there is no need to sign such a contract.

Secondly, banks issue loans to lenders. Generally, banks will lend money within 2 to 3 weeks or 1 month after the approval is completed, and the loan can be released within 1 day at the earliest.

Finally, the borrower will pay the down payment to the car dealer, and handle the car pick-up formalities with the passbook and the car pick-up note issued by the bank.

In the process of applying for personal automobile consumption loan, the applicant needs a copy of ID card, household registration book, marriage certificate, income certificate, bank statement, real estate license and so on.

How to calculate the interest on car loan?

Calculation method of car loan interest: 1, the original car price is about 90,000 yuan, and the down payment is 30%, that is, the down payment of the car body price is 27,000 yuan and the loan is 63,000 yuan, but this is only the down payment of the car body, and the real payment is not only 27,000 yuan, but also various other expenses need to be paid; 2. Roughly speaking, the purchase tax car = purchase price /( 1 17%)× the purchase tax rate (10%) = about 7700, and the basic loan for buying a car in the first year of insurance is about 6000, and then it depends on whether to entrust the store to handle all the formalities such as licensing. , plus the loan cost is about 1500. 3. The interest rate is 9 points, and the annual interest is 630000.09=5670. So the interest for three years is 56703= 170 10 yuan; 4. The vehicle landing price is 437,006,300 yuan17010 =120,800 yuan.

How to calculate the car loan interest rate?

The approximate interest rate range in automobile mortgage is 5.4%- 15.24%, but most of the interest rates in automobile mortgage are based on the monthly interest rate. Banks are between 0.6% and 0.9%, and financial institutions are separated at 1-1.5. Interest calculation formula: interest = loan principal loan interest rate loan term.

Extended data:

Banks generally have requirements on the age, mileage and vehicle valuation of the loan vehicle, but financial institutions will require the vehicle to be registered in the lender's name, licensed and unsecured.

The loan funds can be used for business purposes such as purchasing raw materials and commodities, and also for consumer purposes such as car purchase, decoration, travel and wedding. Bank vehicle mortgage loans are generally not allowed to be used for buying houses, studying abroad, investing in financial securities products and other purposes.

Generally speaking, the auto loan interest rate is slightly higher than the bank benchmark interest rate. Generally, the average interest rate of bank auto loans rises according to the bank benchmark interest rate 10%, and the bank benchmark annual interest rate is 65438+5.56% in 0 years and 5.60% in 2-3 years. The car loan interest rate is 65438+6. 1 16% for 0 years and 6. 16% for 2-3 years.

Suppose the borrower takes out a car mortgage of RMB 654.38+10,000/year, with an annual interest rate of 6. 116%. Matching principal and interest repayment, the total interest is 3343.7 1 yuan, the total repayment is 103343.75438+0 yuan, and the monthly repayment is 861.98 yuan. If the average capital is used for repayment, the total interest is 33 12.83 yuan, the total repayment amount is 1033 12.83 yuan, the repayment amount in the first month is 8843 yuan, and the monthly repayment amount is decreasing.

How to calculate the interest on the loan to buy a car?

The car loan interest is calculated according to the following formula: 1, with equal principal and interest: total repayment interest = loan amount, loan monthly and monthly interest rate (1 monthly interest rate), loan monthly /( 1 monthly interest rate), repayment month-1- loan amount; 2. Average capital: total repayment interest = (repayment months 1) loan amount monthly interest rate/2; 3. Loan to buy a car, which is what we call car loan. When handling car loans, you can use the formula to calculate interest. The interest calculation formula for buying a car with a loan will be different due to different repayment methods.

How to calculate the interest on car loan?

To calculate the annual interest rate of car loan, you can use this formula: car loan annual interest rate = car loan principal × car loan annual interest rate.

It is generally known that the annual interest rate of car loan can be calculated by knowing the principal and annual interest rate of car loan, both of which are stated in the car loan contract. For example, if the principal of car loan is 65,438+10,000 yuan and the annual interest rate is 8%, the annual interest rate is equal to the principal of car loan × the annual interest rate of car loan = 65,438+10,000 yuan× 8% = 8,000 yuan.

Extended information:

Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks provide RMB-guaranteed loans to car buyers who buy cars at their special dealers.

The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.

Matters needing attention in auto loan are as follows:

1. After enjoying the "zero-interest-free loan" from the merchant, can I still enjoy the preferential price of the car?

2. The car loan fee in the market a few days ago was in the range of 4%~7.5%. Whether the interest is exempted increases the handling fee.

3. The car purchase interest rate is charged according to the bank's benchmark interest rate. Interest fluctuates on the basis of the bank's benchmark interest rate, regardless of whether the handling fee is unavoidable.

When you get a car loan, the most important thing is to shop around. Consumers should choose a regular car loan service company with certain qualifications and strength, which not only regulates services and charges, but also leaves no hidden dangers.

Factors that generate interest:

1. delayed consumption. Lenders lend money, which is equivalent to delaying the consumption of consumer goods. According to the principle of time preference, consumers will prefer present goods to future goods, so there will be positive interest rates in the free market.

2. Expected inflation. Inflation will occur in most economies, representing a certain amount of money. You will buy less goods in the future than you do now. So the borrower needs to compensate the lender for the losses during this period.

3. Lenders can choose to invest their funds in other investments instead of alternative investments. Because of the opportunity cost, the lender lends money, which is equivalent to giving up the possible return of other investments. Borrowers need to compete with other investments for this fund.

4. Investment risk: The borrower faces the risk of bankruptcy, absconding or non-repayment of debts at any time, and the lender needs to charge extra fees to ensure that he can still get compensation under these circumstances.

5. Liquidity preference, people prefer that their funds or resources can be traded immediately at any time, rather than spending time or money to get them back. Interest rate is also a kind of compensation for this.

Here's how to calculate the interest rate of loan car purchase.