Average capital refers to a repayment method in which the total loan amount is divided into equal parts during the repayment period, and the same amount of principal and interest generated by the remaining loans in the current month are repaid every month. Because the monthly repayment amount is fixed and the interest is getting less and less, the lender is under great pressure to repay at first, but with the passage of time, the monthly repayment amount is getting less and less. [ 1]

Calculation formula of average capital loan:

Monthly repayment amount = (loan principal/repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.

Average capital method

Matching principal and interest refers to a repayment method of housing loans, that is, repaying the same amount of loans (including principal and interest) every month during the repayment period.

The calculation formula of monthly repayment amount is as follows:

[loan principal × monthly interest rate ×( 1 monthly interest rate) repayment months ]=[( 1 monthly interest rate) repayment months]

Free repayment method

Free repayment means that when you apply for a housing provident fund loan, the housing provident fund management center will give you a minimum repayment amount according to the amount and duration of your loan. In the future, on the premise that the monthly repayment amount is not lower than this minimum repayment amount, you can freely arrange the repayment method of the monthly repayment amount according to your own economic situation.

The benchmark interest rate is generally implemented for the first-home provident fund loan, and the benchmark interest rate for the second-home provident fund loan rises by 10%. The following is the latest benchmark interest rate for provident fund loans (implemented after 20 15-3- 1):

Annual interest rate for 5 years or less: 3.5%

Annual interest rate of loans with a term of more than 5 years: 4.0%

Provident fund repayment formula calculator

The provident fund calculator is used to calculate the monthly repayment amount (principal and interest) and the total interest to be paid under the provident fund loan model. There are three calculation methods: equal principal repayment, equal principal and interest repayment and free repayment.

First, the calculation method

1. Repayment by average capital

Average capital refers to a repayment method in which the total loan amount is divided into equal parts during the repayment period and the remaining loan is repaid with equal principal and interest every month. In this way, the monthly repayment amount is fixed and the interest is getting less and less. At first, the lender was under great pressure, but as time went on, the monthly repayment amount became less and less. Calculation formula of average capital loan:

Monthly repayment amount = (loan principal/repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.

2. Equal repayment of principal and interest

Matching principal and interest refers to a repayment method of housing loans, that is, the same amount of loans (including principal and interest) are repaid every month during the repayment period. The monthly repayment amount is calculated as follows: [loan principal × monthly interest rate ×( 1 interest rate) repayment months] ÷ repayment months [( 1 interest rate) repayment months-1].

3. Free repayment method

Free repayment means that when you apply for a housing provident fund loan, the housing provident fund management center gives a minimum repayment amount according to your loan amount and term. In the future, on the premise that the monthly repayment amount is not lower than this minimum repayment amount, you can freely arrange the repayment method of the monthly repayment amount according to your own economic situation.

Second, the loan interest rate.

The benchmark interest rate is generally implemented for the first-home provident fund loan, and the benchmark interest rate for the second-home provident fund loan rises by 10%. The following is the latest benchmark interest rate for provident fund loans (implemented after August 26th, 20 15):

Annual interest rate of 5 years or less: 2.75%

Annual interest rate of loans with a term of more than 5 years: 3.25%

Three. Loan repayment instructions

Provident fund is highly sought after by the majority of lenders because of its low loan interest rate and convenient loan procedures. After buying a house with a provident fund loan, how to repay the loan in advance is a knowledge that many people need to know. There are two ways to repay the loan in advance from the provident fund: full prepayment and partial prepayment:

Borrowers who have issued personal housing provident fund loans and whose loans have not yet expired may use self-raised funds to repay the loan principal in advance. The borrower must repay the loan normally for more than one year before applying for prepayment. Among them, if you apply for partial repayment in advance, the minimum repayment amount for each installment shall be 10000 yuan, which shall not be less than the loan principal and interest of 12 months, and the repayment shall be made at regular intervals.

In addition, borrowers who have paid back normally for more than one year can also withdraw the balance in the housing provident fund account for partial or full repayment, but only once.

Housing accumulation fund loan interest calculator

You can try to calculate it through our loan calculator. Log in to the lower right of China Merchants Bank official website and find the "Financial Calculator"-"Personal Loan Calculator" for calculation. (You can view information such as monthly payment, monthly principal, monthly interest, principal balance, total interest and total repayment).

Provident fund loan amount calculator

Provident fund loan calculator is a tool to calculate the monthly repayment amount after using provident fund loans. One-time repayment of principal and interest shall be paid off together with the principal. Matching principal and interest repayment requires fixed monthly repayment. Matching principal and interest repayment is equivalent to matching principal and interest repayment. Average capital repayment method is to amortize the principal every month and pay off the interest from the previous trading day to the repayment date.

Legal basis: Article 32 of the General Principles of Loans.

The borrower shall repay the loan principal and interest in full and on time in accordance with the provisions of the loan contract. The lender shall issue a notice of repayment of principal and interest to the borrower before the short-term loan expires 1 week and the medium-and long-term loan expires 1 month; The borrower shall prepare funds in time and repay the principal and interest on schedule. The lender shall promptly issue a notice of overdue loan collection, and do a good job of overdue loan principal and interest collection. Lenders charge interest on loans that cannot be repaid within the time limit stipulated in the loan contract; If the principal and interest cannot be repaid or cannot be executed, it should be urged to repay or repay according to law. The borrower shall negotiate with the lender when repaying the loan in advance.

Huizhou provident fund loan calculator and Huizhou provident fund loan benchmark interest rate are introduced. I wonder if you found the information you need from it?