Excuse me: how many years is it more cost-effective to pay off the 20-year provident fund loan? Is it cost-effective to repay each year, or is it cost-effective to repay in advance? You have been handling provident fund loans for 20 years. I think it will be more cost-effective to repay the provident fund loan in 10 years, because in this case, the principal and funds can only be repaid in advance if the liquidated damages are paid.
Provident fund loan 15 is the most cost-effective? What is the interest rate of general provident fund loans?
With the continuous improvement of social and economic level, people can get more and more benefits at work, and provident fund is a very important benefit, which can help people borrow money to buy a house. Many friends have asked, is the provident fund loan 15 the most cost-effective? What is the interest rate for provident fund loans?
Is the provident fund loan really the most cost-effective 15?
Provident fund loans are the most cost-effective in a few years, and lenders need to proceed from their own actual situation. When choosing the loan term, we need to consider many factors such as the type of house, the lender's work unit, the lender's own age and so on. Of course, inflation also needs to be taken into account. In general, the longer the loan application time, the better.
Suppose the lender applies for a provident fund loan of 600,000 yuan, and the interest rate is calculated according to.
If the lender chooses to borrow for 10 years and repay the loan in the form of equal principal and interest, then Party A needs to pay interest of 6,543,800 yuan. If you choose a loan of 15, you need to pay the interest of150,000 yuan if you repay it in the form of equal principal and interest. The loan needs to pay interest of 220 thousand for 20 years.
It can be seen that with the increase of repayment period, the interest that the lender needs to pay is also increasing. Many users will think that since the loan interest will increase with the increase of years, it is better to choose a shorter loan term. But lenders must consider the daily repayment pressure and inflation.
The interest rate of provident fund loans is already the lowest among bank loans, so users may wish to choose a longer repayment period. On the one hand, it can reduce the repayment pressure, on the other hand, it can also reduce the risk caused by inflation.
What is the interest rate of general provident fund loans?
At present, the domestic policy is that the interest rate of provident fund loans for more than five years is the interest rate of provident fund loans for less than five years. The interest rate of the first suite is subject to the benchmark interest rate, and the second suite is twice the benchmark interest rate of the provident fund loan.
The above is "15 the most cost-effective provident fund loan" related content sharing, I hope it will help everyone!
How many years is the most cost-effective provident fund loan?
I suggest you choose the loan term according to your actual situation. Under different circumstances, the term of the provident fund loan is as follows:
1, yishoufang
① The longest term of provident fund loans for purchasing affordable housing, commercial housing and fund-raising cooperative housing is 30 years;
② The longest term of provident fund loans for self-occupied housing construction, renovation and overhaul is 20 years;
③ At the same time, the above shall not exceed the statutory retirement age of the borrower, and shall be postponed for 5 years.
2. second-hand houses
① The longest term of the second-hand housing provident fund loan is 20 years, and the longest term shall not exceed half of the remaining service life on the benchmark date of housing appraisal;
② No more than 5 years from the statutory retirement age of the borrower;
(3) If the above term exceeds any term, the shortest term shall be the loan term.
3, commercial loans into provident fund loans.
(1) The longest loan period for transferring a first-hand house into a provident fund is 30 years;
(2) The longest loan period for transferring second-hand houses to provident fund is 20 years, which is calculated by halving the remaining service life of the house;
(3) The term of the loan transferred to provident fund shall not exceed 5 years after the statutory retirement age of the borrower;
(4) The term of the loan transferred to the provident fund shall not exceed the remaining life of the original commercial loan.
Note: Different cities may have different regulations. Please refer to the regulations of the local housing provident fund center for details.
Reply time: August 2020-11. Please refer to the latest business changes announced by Ping An Bank in official website.
[Ping An Car Owner Loan] A car can be loaned up to 500,000 yuan.
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How many years is the provident fund loan suitable? Is it appropriate to repay part of the provident fund in advance?
I believe that most people want to buy a house, but in modern society, for ordinary families, they can only choose loans to buy a house. Even so, many families will still be burdened with heavy debts. However, when making a loan, the borrower can give priority to applying for provident fund. How many years is the provident fund loan suitable? Is it appropriate to repay part of the provident fund in advance?
How many years is the provident fund loan suitable?
The official loan term of provident fund mainly includes 5 years, 10 years, 15 years, 20 years, 25 years and 30 years, that is, the longest loan term is 30 years. With the extension of the loan term, the borrower will have to pay more loan interest, but at the same time the repayment pressure will be reduced.
If you apply for a provident fund loan, most people think that 20 years is more appropriate. With a 20-year loan, the borrower has little pressure to repay the house, and the interest will not be much. The longest loan period of housing provident fund can not exceed 30 years, and it can not exceed the statutory retirement age of employees or their spouses.
However, the borrower's actual repayment ability needs to be considered. It is not the best choice to blindly reduce the loan interest and shorten the repayment period, which will bring great repayment pressure to yourself. Because, once there is an emergency in the repayment process, which leads to the break of the capital chain, the repayment will be overdue.
Is it appropriate to repay part of the provident fund in advance?
If the family doesn't have good financial management ability and can't create more income in the future, then for the family, you can always choose to repay in advance. If family financial management is very good, the financial income can exceed the interest rate of provident fund loans at this time, and it is not appropriate to repay in advance at this time.
If family financial management is very good, the financial income can exceed the interest rate of provident fund loans at this time, and it is not appropriate to repay in advance at this time.
The above is the sharing of "How many years is the appropriate provident fund loan", and I hope it will help everyone!
How long is the provident fund loan cost-effective?
The longer the provident fund loan time, the more appropriate it is. Now the provident fund has a policy that can shorten the repayment period and earn a lot of interest if it is repaid in the early stage. You can also repay in advance, and you can also save a lot of interest, that is, long loans and short returns. If conditions permit, it is more appropriate to bring more in advance.