The provident fund loan is 6.5438+0.7 million yuan, and the current benchmark interest rate is 4.90%. There are two repayment methods:

I. Duration 10 year:

1. Equal principal and interest method: the monthly repayment amount is 1794.82 yuan (the same every month), and the total interest is 45,377.89 yuan.

2. Average capital method: the monthly repayment amount is different. The repayment amount in the first month is 2 1 10.83 yuan (it will be reduced by 5.78 yuan every month), and the repayment amount in the last month is 1422.45 yuan, and the total interest is 4 1997.08 yuan.

Compared with the above two methods, the average capital method is 3380.80 yuan less than the equal principal and interest method.

Second, the term is 20 years:

1. Equal principal and interest method: the monthly repayment amount is 1 1 12.55 yuan (the same every month), and the total interest is 970 13. 17 yuan.

2. Average capital method: the monthly repayment amount is different. The repayment amount in the first month is 1, 402.50 yuan (which will be reduced by 2.89 yuan every month), and the repayment amount in the last month is 7 1.23 yuan, and the total interest is 83,647.08 yuan.

Compared with the above two methods, the average capital method is less than the equal principal and interest method 13366.09 yuan.

The specific repayment method can be selected when the bank handles the loan procedures.

The above calculation is based on the assumption that the interest rate will remain unchanged throughout the repayment period.

3. As can be seen from the above,

1, the longer the loan time, the less the monthly payment, but the more the total interest; On the contrary, the monthly payment is more and the total interest is less.

2. The total interest paid by the average capital method is less, but the monthly payment in the previous period is more; The equal principal and interest method pays more total interest, but the monthly repayment amount is the same.

Suggestion: It is best to use the average capital method to repay the loan for 20 years, because the average capital method is to "repay interest with principal", while the first half of the equal principal and interest method is mostly to repay interest.

If the loan term is 20 years, the average capital method is used to repay the loan, and the repayment amount in the first month is 65,438+0,402.50 yuan. After normal repayment, you can withdraw the provident fund for repayment, that is, 1, 402.05-750 = 652.05 yuan. You only need to pay back about 650 yuan every month, and the less you have to pay, the easier it is. In the future, if one-time repayment is required in advance, there will be no loss, because the average capital method is "interest pays with principal", while the matching principal and interest method is to pay interest first (the interest is much higher in the first half of the year) and then pay the principal (the principal is less in the first half of the year).

The above answers are for your reference only.