Monthly decrease of equal principal repayment Equal principal and interest repayment is the same every month
Calculation method
Unit price
RMB/m ²
Area
m²
Total loans
ten thousand
Number of years of mortgage
Mortgage percentage
Commercial loan interest rate
LPR
%
20240220 update data
LPR of 1-5 years is determined by the bank Please customize your input in the input box
basic point
BP‱
Commercial loan interest rate
zero% + zero‱= zero%
Commercial loan interest rate
Custom interest rate
five point five eight%
calculation
empty
Repayment method
What is equal principal and interest?
Equal principal and interest refers to a loan repayment method, which refers to the monthly repayment of the same amount of loans (including principal and interest) during the repayment period.
What is equal principal?
Equal principal refers to a way of repayment of loans. It is to divide the total amount of loans into equal parts during the repayment period, and repay the same amount of principal and the interest generated by the remaining loans in that month every month. As the monthly repayment principal is fixed and the interest is less and less, the borrower has a greater initial repayment pressure, but the monthly repayment amount is also less and less over time.
basic point
What is the base point?
Since October 8, 2019, the calculation method of commercial loan interest rate has been changed from "benchmark loan interest rate (4.9%) * floating up or floating down ratio" to "LPR+base point (1 base point=0.01%)".
Commercial loan interest rate
What is LPR (Loan Market Quotation Rate)?
From October 8, 2019, the loan interest rate of newly issued commercial housing loans will be converted from "benchmark loan interest rate (4.9%)" to"Loan Market Quotation Rate (LPR)".Increase the base point on the basis of LPR to determine the final commercial loan interest rate;LPR will quote once every month on the 20th (postponed in case of holidays), which can be queried on the website of the People's Bank of China.
Latest LPR: 3.85% for one year, 4.65% for five years
