In fact, in 20 19 years, the interest rate of provident fund loans has not changed much. Still implement the previous standards. Details are as follows:
1, the loan term is less than 5 years, including 5 years, and the loan interest rate is 2.75%;
2. The loan term is more than 5 years, and the loan interest rate is 3.75%.
Compared with the loan interest rate of commercial banks, the loan interest rate of 20 19 provident fund is still very low. However, due to different repayment methods, the loan interest generated at the same interest rate is also different. Here, let me give you an example to illustrate.
Average capital plus interest
If you apply for a provident fund loan, the amount is 6.5438+0 million yuan, the loan term is 20 years, and the loan interest rate is 3.75%, then the monthly loan principal and interest to be repaid is 2803.89 yuan, and the final repayment principal and interest sum is 142293 1.96 yuan, and the final interest generated is 422931.
Average capital
If a loan of RMB 6,543,800,000 is made through the provident fund, the loan term is 20 years, and the loan interest rate is 3.75%, then 729 1.67 yuan will be paid in the first month, and then 13.02 yuan will be paid less every month, and the final principal and interest will be 1.376562.5 yuan, and the final interest will be paid.
As you can see, the repayment amount of different repayment methods is still different.