will be implemented according to the latest benchmark loan interest rate standard issued by the central bank. The interest rates of commercial loans and provident fund loans are as follows:

1. Commercial loans

within one year (including one year): annual interest rate of 4.75% for one to five years (including five years): annual interest rate of 4.9% for five years or more: annual interest rate of 4.9% or more

2. Provident fund loans

for five years or less (including five years). : annual interest rate of 2.75% for more than five years: annual interest rate of 3.25% 1. Housing provident fund loans: For residents who have participated in the payment of housing provident fund, low-interest housing provident fund loans should be the first choice.

Housing provident fund loans are subsidized by policies, and the loan interest rate is very low, which is not only lower than the loan interest rate of commercial banks (only half of the mortgage interest rate of commercial banks), but also lower than the deposit interest rate of commercial banks in the same period. That is to say, there is a spread between the mortgage interest rate of housing provident fund and the deposit interest rate of banks.

At the same time, the fees for housing provident fund loans will be halved when handling mortgage and insurance related procedures.

2. Commercial loans for individual housing: The above two loan methods are limited to employees who have paid the housing provident fund, and there are many restrictions. Therefore, people who have not paid the housing provident fund have no chance to apply for loans, but they can apply for personal housing guarantee loans from commercial banks, that is, bank mortgage loans.

as long as the balance of your deposit in the loan bank accounts for not less than 3% of the funds needed to purchase a house, and it is used as the down payment of the house purchase, and the assets recognized by the loan bank are used as collateral or pledge, or the unit or individual with sufficient compensatory ability is used as the guarantor to repay the principal and interest of the loan and bear joint liability, then you can apply for using the bank mortgage loan.

3. Personal housing portfolio loan: The maximum amount of provident fund loans that can be issued by the housing provident fund management center is generally 1,-29, yuan. If the purchase price exceeds this limit, the insufficient part should be applied to the bank for commercial housing loans.

these two kinds of loans are collectively called portfolio loans. This business can be handled by the real estate credit department of a bank. The interest rate of portfolio loan is moderate and the loan amount is large, so it is more selected by lenders.

According to the general mortgage repayment method, there are two kinds of calculation formulas:

1. Calculation formula of equal principal and interest:

Calculation principle: the bank collects the remaining principal interest first and then the principal; The proportion of interest in monthly contributions will decrease with the decrease of residual principal, and the proportion of principal in monthly contributions will increase with the increase, but the total monthly contributions will remain unchanged.

It should be noted that:

1. The maximum amount of provident fund loans in various cities should be considered in light of local conditions;

2. For residents who have purchased a house with a loan but the per capita area is lower than the local average, and then apply for the second ordinary self-occupied house, the preferential policy of purchasing ordinary self-occupied house with the first loan shall be implemented mutatis mutandis.

ii. average capital calculation formula:

monthly repayment amount = monthly principal+monthly principal and interest

monthly principal = principal/repayment months

monthly principal and interest = (principal-accumulated repayment amount) x monthly interest rate

calculation principle: the principal amount returned every month is always the same, and the interest will decrease with the decrease of the remaining principal.