1. What is the interest on the housing provident fund loan?

Housing provident fund loan interest refers to loans issued through the housing provident fund management center. During the loan period, the borrower pays a certain percentage of interest every month.

Housing provident fund loan discount is a loan form of housing provident fund and bank cooperation. When a loan is issued through the housing provident fund management center, the borrower pays interest according to a certain proportion within the loan period, and the repayment method of principal, such as equal principal and interest, average principal, etc.

Two, the calculation method of housing provident fund loan interest

Housing provident fund loan interest is calculated according to the loan period, loan amount, loan interest rate and other factors. The calculation formula is: loan interest = loan principal × loan interest rate × loan term (month).

For example, if the principal of a loan is 500,000 yuan, the loan interest rate is 3.25% and the loan term is 12 months, then the interest of this loan is 500,000× 3.25 %×12 =19500 yuan.

Three, housing provident fund loan interest management

Housing provident fund loan interest management generally has two ways:

1, equal principal and interest method. This method refers to the repayment of the loan with the same amount and interest every month within the loan term, and the total principal and interest of the loan is the accumulation of the monthly repayment amount. Therefore, the principal part of the monthly repayment amount decreases month by month, and the interest part increases month by month.

2. The law of average capital. This way means that during the loan period, the principal amount of monthly repayment is equal, while the interest amount of monthly repayment is decreasing month by month.

Four, the advantages of housing provident fund loan discount

Housing provident fund loan interest has the following advantages:

1, low interest rate. The loan interest rate of housing provident fund is lower than that of commercial banks, and the loan interest is also lower, which can save a lot of money for lenders.

2. The repayment period is long. The loan period of housing provident fund is generally longer than that of commercial banks, which can reduce the repayment pressure for lenders.

3. The policy is loose. The examination standard of housing provident fund loans is looser than that of commercial bank loans, which can provide more convenience for lenders.

4. The service is intimate. Housing provident fund loan service is more professional and intimate, which can provide better services for lenders.

Five, the disadvantages of housing provident fund loan interest

Housing provident fund loan interest also has certain disadvantages:

1, high service charge. The service cost of housing provident fund loans is generally high, which may increase the burden on borrowers.

2. The application conditions are strict. The application conditions for housing provident fund loans are strict, and not all borrowers can get loans.

This process is very complicated. The review process of housing provident fund loans is complex, which requires lenders to provide a lot of information and supporting documents and consumes a lot of time.

4. The review period is long. The review cycle of housing provident fund loans is generally long, and lenders need to wait patiently for the review results.

Six, the use of housing provident fund loans interest

Housing provident fund loan interest can be used to buy houses, decorate houses and improve housing conditions.

Housing provident fund loan interest can also be used to buy furniture, home appliances, household items, school supplies and so on. , and for marriage, travel, vacation and other consumption.

Housing provident fund loan interest can also be used to do small business, buy equipment, invest in wealth management, pay medical expenses and children's education expenses.