General Loan Calculator: Personal Consumer Loan 500k 5-Year Equal Installment, Car Loan 100k 3-Year 4.35% Schedule CSV

Much less than for a mortgage. On a RMB 100k three-year loan at 6%, the two methods differ by only around RMB 500 in total interest; over 30 years it can be tens of thousands. For terms under three years, pick based on whether you prefer a flat payment or a decreasing one.

Simple-interest conversion: daily 0.05% × 365 ≈ 18.25% APR; monthly 0.5% × 12 = 6% APR. But with installment repayment the actual IRR-style APR is higher because principal is reduced every month. Re-run the numbers in the loan calculator using equal-installment to see the true figure.

It depends on the contract. Many banks waive penalties after the first year but charge 1–3% before then. The tool shows the theoretical maximum interest saving; subtract any contractual penalty to find the real benefit.

Common reasons: (1) manufacturer subsidized ("discounted") interest; (2) a down payment means you financed less than the car price; (3) a large balloon payment at the end makes the installments lower but isn't a standard annuity. Always ask for the contract APR.

Bank and licensed consumer-finance loans are reported to the PBoC credit registry. Outstanding consumer debt counts toward your debt-to-income ratio when a mortgage is assessed. Consider settling short-term unsecured loans at least six months before applying for a mortgage.

A common rule is that all debt payments (mortgage + car + consumer loans combined) should not exceed 50% of after-tax family income, with the mortgage alone at 30–40%. Above that, shocks to income become difficult to absorb.

Not in this version. The calculator models fixed-principal, fixed-term installment loans. Revolving facilities accrue daily interest on a fluctuating balance, which is a different product and may be added later.

Enter 100,000 principal, 4.35% annual rate and a 3-year term. Under equal installment the calculator returns a fixed monthly payment; switching to equal principal shows a higher first payment that declines each month, with both total-interest figures compared side by side.

Enter principal, rate and term and the tool computes both methods at once. The summary and schedule line up the monthly payment, total interest and total repayment, so you can trade off a stable flat payment against lower total interest.

Yes. After calculating, click "Export CSV" on the schedule card to download a file with each month’s payment, principal, interest and remaining balance. It opens in Excel or WPS and is useful for comparing offers from different lenders.

Treat it as a general loan: enter 500,000 principal, the quoted annual rate and 5 years. The calculator shows both repayment methods and the full schedule. Fold any handling or service fees into an equivalent annual rate to see the true total cost, not just the monthly payment.

In China, most new-energy vehicles require at least 15% down and traditional fuel cars at least 20%, but dealers often promote 0% or 30% down offers. Enter the financed amount (car price minus down payment minus trade-in), the dealer-quoted annual rate and the term (typically 3–5 years) to see the real monthly payment.

Most banks allow early repayment after the first 6–12 months, but some charge a penalty of 1–3% of the prepaid principal or a few months of interest. Check the contract. The theoretical interest saved shown by the calculator is the upper bound; subtract any penalty to find the actual benefit.