Loan Inputs
Range 1,000 – 10,000,000
Range 1 – 10
Range 0 – 24, 0 = interest-free
Result
Compare 4 Repayment Methods
Visualization
Payment Composition (Principal / Interest)
Remaining Principal Decline Curve
Repayment Schedule
| Period | Payment (CNY) | Principal (CNY) | Interest (CNY) | Balance (CNY) |
|---|
View Calculation Formula
Equal Payment (annuity): Monthly payment M = P·r·(1+r)n / ((1+r)n − 1), r = annual rate / 12, n = years × 12; Total interest = M·n − P.
Equal Principal: Month k payment = P/n + (P − (k−1)·P/n)·r; Total interest = (n+1)·P·r/2.
Interest First: Pay interest P·r each month, repay principal P at maturity; Total interest = P·r·n.
One-Time Payment: Repay P + P·r·n in full at maturity; Total interest = P·r·n (simple interest).
All amounts are computed as integers in "fen" (cents) to avoid floating-point errors; converted to yuan (CNY) for display.
❓ FAQ
What can a consumer loan be used for?
It can be used for daily consumption spend such as renovation, education, travel, car purchase and home appliances. It must not be used for buying a home, paying off a mortgage, investing in the stock market, or other regulator-prohibited areas; lenders will require proof of use.
What is the difference between the four repayment methods?
Equal Payment (annuity) has a fixed monthly payment; Equal Principal decreases month by month with less total interest; Interest First pays only interest each month and repays the full principal at maturity; One-Time Payment makes no payments in between and repays principal plus interest at maturity, usually with the highest total interest.
What is the typical consumer loan rate?
Bank consumer loan annualized rates are roughly 3%–10%, with some products even lower during promotional periods; online lenders generally charge higher rates. The actual rate is subject to the lender's approval result.
What are the risks of Interest First?
Early monthly payment pressure is low, but the full principal must be repaid in one go at maturity; poor cash-flow planning can easily lead to overdue debt. It suits borrowers with a clear repayment plan or short-term capital turnover.
Can a consumer loan be repaid early?
Most bank consumer loans allow early repayment without a penalty fee, and repaying early can save subsequent interest; some products may have terms on repayment timing or amount. The loan contract prevails.