The renovation loan interest rate of CCB is relatively low, and the monthly interest rate usually fluctuates around 0.25%. The lowest may be as low as 0.2 1%, that is, the loan 1 ten thousand yuan, and the monthly interest is 2 10 yuan. The annual interest rate is 2520 yuan, and the annual interest rate is about 6%, but many people can't get the low interest rate of 0.2 1%. Decoration loans are mostly equal principal and interest repayments, and the principal and interest paid each month are fixed. In other words, the interest will not decrease with the decrease of the loan principal. The loan is 654.38 million yuan, with a monthly interest rate of 0.25%, which will be repaid in five years (60 installments) with equal principal and interest each month. Monthly interest 65438+ 10,000× 0.25% = 250 yuan; The annual interest is 250× 65438+February =3000 yuan; In June, the monthly repayment principal was 654.38+ ten thousand yuan ≈ 654.38+0666.67 yuan; The principal to be repaid in one year is1666.67× 65438+February ≈ 20,000 yuan. Monthly repayment of principal+interest =1666.67+250 =1916.67 yuan; Annual repayment of principal+interest =1916.67×12 = 23,000.04 yuan.