I. Calculation of the loan amount of provident fund
The first thing to consider when calculating the loan amount of Xi 'an provident fund is the borrower's provident fund deposit. Generally speaking, the loan amount is directly proportional to the deposit amount and the deposit period of the provident fund. The borrower can calculate the maximum loan amount according to his monthly provident fund deposit amount and deposit period, combined with the relevant regulations of the local provident fund management center.
Second, the calculation of the monthly payment amount
The calculation of monthly payment involves three factors: loan principal, loan life and loan interest rate. The borrower needs to use the monthly payment formula to calculate according to his loan amount, the selected loan term and the loan interest rate at that time. The calculation formula of monthly payment is generally: monthly payment = loan principal × [monthly interest rate× (1+monthly interest rate) repayment months ]≤[( 1+ monthly interest rate) repayment months].
Three. Calculation of total repayment amount
The total repayment amount is the total amount that the borrower needs to repay within the loan term, including the loan principal and interest. The borrower can calculate the total repayment amount by multiplying the monthly repayment amount by the number of loan months. At the same time, the total repayment amount can also be used to evaluate the repayment pressure of borrowers in order to make reasonable loan decisions.
To sum up:
The calculation of Xi 'an provident fund loan involves the calculation of loan amount, monthly payment and total repayment. Borrowers need to make detailed calculation and comparison according to their own provident fund deposit, loan demand and repayment ability, combined with the relevant regulations of local provident fund management center and loan interest rate, so as to choose the most suitable loan scheme for them.
Legal basis:
Regulations on the administration of housing provident fund
Article 26 provides that:
Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses.
Regulations on the administration of housing provident fund
Article 27 provides that:
Applicants who apply for housing provident fund loans shall provide guarantees.