Car loan interest-free calculator online calculator car interest-free loan calculation

How to calculate the interest on buying a car?

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.

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.

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 principal and annual interest rate of car loan can be used to calculate the annual interest of car loan, both of which are stated in the car loan contract. For example, if the car loan principal is 6,543.8+10,000 yuan and the annual interest rate is 8%, the annual interest is equal to the car loan principal × the annual interest rate of the car loan = 654.38+ 10,000 yuan× 8% = 8,000 yuan.

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 issue 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. A few days ago, the car loan fee in the market was in the range of 4%~7.5%. Did you increase the fee without interest?

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

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 will not only standardize services and charges, but also leave no hidden dangers.

Factors that arouse interest:

1. Delay consumption. When the lender lends money, it is equivalent to delaying the consumption of consumer goods. According to the principle of time preference, consumers will prefer current goods to future goods, so there will be positive interest rates in the free market.

2. Anticipating inflation, inflation will occur in most economies, representing a certain amount of money, and fewer goods can be purchased in the future than at present. So the borrower needs to compensate the lender for the losses during this period.

3. In addition to alternative investments, lenders can choose to invest their funds in other investments. Due to the opportunity cost, the lender lends money, which is equivalent to giving up the possible return on 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 compensation can still be obtained under these circumstances.

5. Liquidity preference, people will 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.

How much is the handling fee for interest-free loan for car purchase?

There is a handling fee. (Interest-free handling fee for car loans is inevitable)

Generally speaking, the lender is a valid personal identity document when handling the car loan process. Including resident identity cards, household registration books, etc. If the borrower is married, please provide proof of spouse identity (note: under the same conditions, married people are more likely to get loans than unmarried people). The auto loan provisions are as follows:

Application materials to be provided:

Personal valid identity document. Including resident identity cards, household registration books, etc. If the borrower is married, proof of spouse's identity shall be provided.

2. Certificate of intention to buy a car issued by the car dealer.

3. Household registration certificate or long-term residence certificate.

4. Personal income certificate, family income or property certificate when necessary.

5. If the purchased vehicle is secured by other means than mortgage, relevant materials for the guarantee shall be provided.

6. Proof of down payment for car purchase.

7. If the vehicle purchased by the loan is a commercial vehicle, it is also necessary to provide proof that the purchased vehicle can be legally used for operation.

Extended data

What is an interest-free loan:

1, definition

An interest-free loan is an interest-free loan. Interest-free loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them, in which the interest rate is provided free of charge by banks or paid by the government or corresponding institutions according to agreed conditions.

2, interest rate zero interest rate ",a loan contract reached between a bank and an individual or organization through mutual trust.

General international private commercial banks provide interest-free loans, including consumer bank loans for weddings, shopping or further studies. A handling fee of about 1% will be charged, which is the income of a bank.

At least offset the administrative expenses, and then the bank will cooperate with the request to add credit cards or wedding photography or various members or open trading accounts when the loan is interest-free. This is a wonderful way to expand customers. Some or many future trading opportunities, and even they may be rewarded for expanding their achievements in the competition.

3. The process of small secured loans has a clear division of labor among all departments. The application is accepted by the labor department, then the guarantee institution confirms the guarantee, and finally the bank applies for a loan. "If entrepreneurs want to apply, they can consult the local labor department. At present, individuals pay interest first, then financial subsidies, or financial interest subsidies in advance. The relevant plan has not yet been determined, but the financial interest subsidies are affirmative. "

How many years are car loans interest-free?

The longest period for applying for car loan is no more than 3 years, and the interest of car loan = loan amount × time × interest rate. In general, the car loan interest rate is between 5%- 10%. Of course, if the user has good credit qualification, the bank will reduce the loan interest rate as appropriate, and if the user has overdue risk, the loan interest rate will be higher than himself, depending on the actual situation. Car loan interest rate refers to the loan interest rate that people use when they borrow money to buy a car. It is the interest rate of a specific automobile loan agreed by the lender and the borrower according to the statutory loan interest rate and the floating collusion range stipulated by the People's Bank of China, and it is stated in the loan contract.

The interest of car loan contract is related to interest rate and repayment method. The medium and long-term loan interest rate of the bank for one to three years (inclusive) is 4.75%. If the car loan is 654.38 million yuan and the loan period is three years, the interest to be repaid is:

1. Equal repayment of principal and interest: the repayment method is equal repayment every month. The interest calculated by matching the principal and interest of 65438+ million car loan for three years is 749 1.438+0 yuan.

2. Equal principal repayment: the repayment method is the most in the first month, the least in the last month, and the same principal is paid every month. 654.38 million yuan 3-year car loan interest calculated by average capital is 7322.92 yuan.

Short-term loans refer to loans with a loan term of 1 year (inclusive). Short-term loans are generally used for the liquidity needs of the borrower's production and operation. The currencies of short-term loans include RMB and major convertible currencies of other countries and regions. The term of short-term working capital loans is generally about half a year, and the longest is no more than one year; Short-term loans can only be extended once, and the extension period cannot exceed the original period. The loan interest rate is determined according to the interest rate policy formulated by the People's Bank of China and the floating range of the loan interest rate, according to the nature, currency, use, method, term and risk of the loan, among which the foreign exchange loan interest rate is divided into floating interest rate and fixed interest rate. The loan interest rate is indicated in the loan contract, which customers can check when applying for a loan. There is a penalty interest for overdue loans. The advantages of short-term loans are relatively low interest rates and relatively stable capital supply and repayment. The disadvantage is that it cannot meet the long-term capital needs of enterprises. At the same time, because short-term loans use fixed interest rates, the interests of enterprises may be affected by interest rate fluctuations.

Calculation method of automobile loan

Loan calculation formula: 1. Repaying the principal and interest, that is, repaying the loan principal and interest in equal amount every month during the loan period. Monthly repayment amount = loan principal × monthly interest rate ×( 1 interest rate) repayment months /[( 1 interest rate) repayment months-1];

2. The average capital repayment method (the method of paying off the principal with interest), that is, the loan principal is repaid in equal amount every month, and the loan interest decreases with the principal month by month. Monthly repayment amount = loan principal/months of loan term (principal-accumulated amount of repaid principal) × monthly interest rate.

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 interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal of a self-use car (non-profit family car or commercial car with 7 seats or less) purchased by the bank to the consumer, that is, the borrower. The higher the interest rate, the greater the repayment amount of consumers.

The actual interest rate of car loan is set by the handling bank according to the actual situation of customers and with reference to the benchmark interest rate stipulated by the central bank. There are three kinds of car loans: direct car loans, indirect car loans and credit card car loans. The loan term is generally 1-3 years, with a maximum of 5 years.

Potential borrower

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

deadline

The term of automobile consumption loan is generally 1-3 years, and the longest is no more than 5 years. Among them, the term of second-hand car loan (including extension) shall not exceed 3 years, and the term of dealer car loan shall not exceed 1 year.

loan rate

benchmark interest rate

According to the regulations of the central bank, the benchmark interest rate is implemented for auto loans, but financial institutions can float within a certain range. The term of car loans in major banks is generally less than five years, and the interest rate of car loans directly determines the cost of people's loans, thus becoming an important factor in determining whether people lend.

How to calculate the car loan interest rate?

Monthly payment formula: a = p (1I) [(1I) n-1]/N2/I.

A: Monthly contributions.

P: total donations

I: monthly interest rate (annual interest rate/12)

N: Total months of contribution (year × 12)

loan rate

The actual interest rate of car loan is set by the handling bank according to the actual situation of customers and with reference to the benchmark interest rate stipulated by the central bank. Generally speaking, customers with excellent conditions can enjoy the benchmark interest rate or it will go down about 10%, while ordinary customers need to go up about 10% on the basis of the benchmark interest rate.

Application material

1. Original ID card, household registration book or other valid proof of residence, and provide a copy;

2. Proof of occupation and economic income, and running list of personal accounts in recent 6 months;

3 car purchase agreement, contract or letter of intent signed with the dealer;

4. Other documents and materials required by the Cooperation Organization.

The introduction to the calculation of interest-free loans for automobiles ends here.