This China personal loan calculator models an unsecured consumer loan the way a Chinese lender does — an equal-instalment repayment — and shows the total interest, a full amortisation schedule, and whether the rate stays inside China’s legal ceiling.
How it works
Chinese personal loans almost always use the equal-instalment (等额本息) method, the standard amortising-loan formula:
M = P · r(1+r)ⁿ ⁄ ((1+r)ⁿ − 1)
where P is the loan, r is the monthly rate (APR ÷ 12 ÷ 100) and n is the term in months. Every monthly payment is identical, but early payments are mostly interest and later ones mostly principal — which the amortisation table makes visible.
The tool also checks the usury ceiling. Chinese law makes interest above four times the one-year LPR unenforceable, and consumer lending faces a hard 36% APR cap. If you enter a rate above 36%, the calculator flags it.
Example
Borrow CNY 100,000 at 12% APR over 36 months and the equal monthly instalment is about CNY 3,321, with roughly CNY 19,575 of total interest over the term. Raise the APR toward 24% and both the payment and total interest climb sharply, while anything above 36% triggers the usury warning.
Notes
Quoted APRs sometimes exclude fees; ask for the all-in cost. Early-repayment terms and penalties vary by lender. This calculator is an estimate for planning, not a lending offer.