Take a loan of 300,000 yuan and repay it for 20 years. The monthly repayment is 1,921.346 yuan (the provident fund interest rate is calculated as 3.87).

Remove the 1,000 yuan from your provident fund account and pay each month. Just take out another 921.346 yuan. I think it should be relatively easy for you two. You can choose to borrow for 15 years (2317.12 yuan per month), otherwise the interest will be horrifying.

This is it , after a loan, the first default account for repayment is the provident fund account of the main lender (when applying for a loan, you decide who is the main lender, usually the one with more provident fund). If the balance of the provident fund account of the main lender is not enough, Then it will be deducted from another provident fund account. If the balance is not enough, it will be deducted from your repayment account (this account is also opened when applying for a loan. It is a bank account. We can do it ourselves or someone else can designate it. , you have to save the money in this account yourself)

You don’t have to worry about these, you just need to go to the local provident fund management office to apply for it. There are a lot of procedures, but they are all done there. Again. The repayment account you open depends on the regulations of your local provident fund management office. Some can be chosen by yourself, while others are designated by others.