Low interest rate of provident fund
The interest rate of provident fund loans is quite low, only 3.25%, and the new loan interest rate accounting method has not adjusted the interest rate change of provident fund. At the same time, the rise in mortgage interest rates is not included in the scope of the provident fund. Therefore, the loan interest rate of 3.25% can be said to be a "free" loan at cost.
The longer the loan interest rate, the better.
The longest term of provident fund loans is 30 years. You can borrow it for 30 years and earn it. Many people will say that 10 year provident fund has less interest and less pressure, and 30 years old has more pressure. In fact, this is not the case, especially those who have repaid in advance for 30 years have raised the loan interest rate by themselves.
The above two pictures show the monthly payment and interest of provident fund loans of 654.38+100,000 years and 654.38+00 years. It can be seen that the monthly payment for 30 years 10 years is more than 5,400 yuan a month, and the interest is 394,000 yuan. It seems that 10 can save nearly 400 thousand interest by paying off the loan, but in fact it is not. Suppose we deposit the monthly payment difference of 5,400 yuan at the annual interest rate of 4% in the 20 years with the difference, then we can save 37 1.8 million yuan in 30 years. If you pay off the loan first and then save money according to the monthly payment of 9770 yuan, you can save 3.576 million yuan after 20 years. In this way, after 30 years, all the loans are paid off, and the 30-year deposit is more than the 0-year deposit142,000 yuan.
Of course, the calculation of these data is based on the repayment ability of 9770 yuan per month. If not, then the 30-year repayment plan will be more suitable for buyers. Let's just say that since all the provident fund loans have been used up, it is definitely a sure bet to lengthen the repayment time.