1. Monthly repayment method of equal principal and interest: the repayment method in which the total amount of loan principal and interest repaid by the borrower is unchanged every month, but the loan principal increases month by month and the loan interest decreases month by month.
2. Monthly average principal repayment method: the repayment method in which the borrower repays the principal at a fixed monthly rate and the loan interest decreases month by month.
Shanghai provident fund loan amount:
(1) The first housing loan, with the maximum loan amount of 500,000 yuan for individuals and 654.38+00,000 yuan for families;
(2) The second set of improved housing loans, with a maximum loan amount of 400,000 yuan for individuals and 800,000 yuan for families;
(3) If the housing provident fund is replenished, the maximum personal loan amount will increase by 654.38+10,000 yuan, and the maximum family loan amount will increase by 200,000 yuan.
Procedures for sealing up provident fund
(1) The management departments of all districts (counties) of Shanghai Provident Fund Management Center (hereinafter referred to as the "management department") are specifically responsible for handling the sealing business. The management department shall review the application materials within three working days after receiving them. Approved, sealed employee accounts.
(2) If the employee and the unit terminate the labor relationship and are not re-employed, the unit shall, within 30 days from the date of termination of the labor relationship, apply to the administrative department where the unit's household registration is located.
(3) Where a unit is terminated or cancelled due to merger or division, or is cancelled or dissolved, and the employees have not been re-employed, they shall apply for the seal of the unit before termination or cancellation.
(four) the unit shall inform the employee himself in advance before handling the account sealing procedures.
What are the procedures for Shanghai housing provident fund to repay the loan in advance?
Shanghai provident fund shall go through the formalities of repaying the loan in advance, and go to the provident fund management center with the following documents.
I. Borrower Information
(1) Borrower's ID card and three copies;
(2) The borrower's housing provident fund card;
(3) If the borrower fails to register the withdrawal of housing provident fund (portfolio loan) at the repayment counter, it is required to provide the recent loan repayment voucher or individual housing provident fund loan repayment voucher (IOU), portfolio mortgage loan IOU (hereinafter referred to as "IOU") and its copy;
If the borrower has registered the repayment of the housing provident fund (portfolio) loan counter, it is necessary to provide the recent loan repayment voucher or IOU;
(4) The Application for Extraction of Housing Provident Fund issued by the borrower's unit (application for extraction of supplementary housing provident fund and monthly housing subsidy, hereinafter referred to as the application for extraction, the same below) is in duplicate.
Second, the spouse information
To apply for withdrawing the balance of the spouse's housing provident fund account and repaying the loan at the same time, the spouse shall carry the following information:
(1) Three copies of spouse's ID card;
(2) Spouse housing provident fund card;
(3) If the spouse fails to register the repayment of the housing provident fund (portfolio) loan at the counter, a marriage certificate and two copies are required; If the spouse has registered the repayment of the housing provident fund (portfolio) loan at the counter, a marriage certificate and a copy are required;
(4) An application for withdrawal issued by the spouse unit in duplicate.
Extended data:
First, the repayment method
The repayment method refers to the way that the borrower repays the principal and interest of the loan, and the interest is calculated according to the remaining principal of the borrower. Different repayment methods determine the speed of principal repayment, which leads to different total interest payments.
Matching principal and interest repayment method: the principal increases month by month, the interest decreases month by month, and the monthly repayment amount remains unchanged;
Average capital repayment method: the principal remains unchanged, the interest decreases month by month, and the monthly repayment amount decreases.
Compared with the two, in the case of the same loan term, amount and interest rate, at the initial stage of repayment, the monthly repayment amount of average capital repayment method is greater than the equal principal and interest. However, according to the whole repayment period, average capital's repayment method will save the expenditure of loan interest.
Generally speaking, the repayment method of equal principal is suitable for borrowers who have a certain economic foundation, can bear heavy repayment pressure in the early stage and have an early repayment plan. Matching principal and interest repayment method is convenient to arrange income and expenditure because the monthly repayment amount is the same, and it is suitable for borrowers whose income is relatively stable because economic conditions do not allow early repayment and excessive investment.
Second, the two most commonly used repayment methods for buying a house by loan are the equal principal and interest repayment method and the average capital repayment method.
Matching principal and interest repayment method is to add up the total principal and interest of mortgage loans and then distribute them evenly to each month of repayment period. The monthly repayment amount is fixed, but the proportion of principal in the monthly repayment amount increases month by month, and the proportion of interest decreases month by month. This method is the most common and recommended by most banks for a long time.
The so-called equal principal repayment, the lender will allocate the principal to each month, and pay off the interest between the previous trading day and the repayment date. Compared with the matching principal and interest, the total interest cost of this repayment method is lower, but the principal and interest paid in the early stage are more, and the repayment burden is reduced month by month.
Although this repayment method is very stressful in the early stage, it can alleviate the pressure in the future. Its characteristic is that with the passage of time, the less repayment, the easier it is.