Next Loan Interest Calculator Naver Loan Interest Calculator How much is my loan interest? (ft: Equal repayment of principal and interest, equal repayment of principal, and temporary repayment of principal maturity) 대출이자 계산기 네이버
There are four types of loan repayment methods, but today, we will calculate the interest according to the three types of loan repayment methods: equal repayment of principal and interest, equal repayment of principal and interest, and temporary repayment of maturity
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Next Loan Interest Calculator Naver Loan Interest Calculator How much is my loan interest? (ft: Equal repayment of principal and interest, equal repayment of principal, and temporary repayment of principal maturity)
Equal repayment of principal and interest
In the equal repayment method of principal and interest, a repayment plan is established so that the amount repaid every month includes equal interest and principal repayment within the repayment period.
This method is popular with loan recipients because the amount to be paid monthly remains constant within the loan repayment period.
[Summary of the characteristics]
1. It pays the same amount every month and is stable
2. It is an appropriate repayment method if the change in income is expected to be small in the future
3. If you have a plan to move within 10 years, I recommend it
4. Most frequently used redemption methods
Example)
If the 10-year repayment rate of 300 million loans is 5%
When repaying equal principal and interest
The monthly repayment is 3,181,965 won
The total interest amount is 81,835,854 won
Equal repayment of principal
Equal repayment of principal is a method of repaying the loan principal every month by dividing the loan principal uniformly during the loan period.
The longer the repayment period, the larger the monthly repayment amount at the beginning of the repayment period, and a significant reduction at the end.
[Summary of the characteristics]
1. The total interest amount is the lowest
2. The monthly repayment amount will decrease as we go into the second half
3. The monthly repayment is the highest in the beginning
4. It is recommended for those in their 40s or older who are expected to see a decrease in income in the future
Example)
If the 10-year repayment rate of 300 million loans is 5%
At the time of equal repayment of principal
The average monthly repayment is 3,130,208 won
The monthly principal is 2,500,000 won
The total interest amount is 75,625,000 won, which is the lowest total interest
Temporary repayment of maturity
Temporary repayment of maturity means repayment of the sum of interest and principal at the time of issuance of the bond on the maturity date.
This is usually one of the conditions granted when issuing bonds. The reason for repayment on the maturity date is to provide a security factor that can be guaranteed to investors when the bond issuer borrows funds.
Example)
If the 10-year repayment rate of 300 million loans is 5%
When repaying the maturity date and time
When calculating the monthly repayment amount, it is 1,250,000 won,
The total interest amount is 150,000,000 won, which is the highest total interest
If you need an understanding of each repayment method, consultation with a counselor or representative from a financial institution will be helpful.
Next Loan Interest Calculator Naver Loan Interest Calculator How much is my loan interest? (ft: Equal repayment of principal and interest, equal repayment of principal, and temporary repayment of principal maturity)