The provident fund loan ratio for second homes in 2017 is:

The loan interest rate for second homes shall not be lower than 1.1 times the benchmark loan interest rate.

The latest benchmark interest rate (unit: annual interest rate %)

1. Various commercial loans

Within six months (inclusive) 5.60

One to three years (inclusive) 6.15

Three to five years (inclusive) 6.40

Five years Above 6.55

II. Personal housing provident fund loan

Five years or less (including five years) 4.00

Five years or more 4.50

According to Second home loan policy, the annual interest rate for second home commercial loans with a term of more than five years is not less than 7.205%

Loan interest calculation

1. Basic knowledge of interest calculation

(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):

1. Daily interest rate (0/000) = annual interest rate (%) ÷ 360 = monthly interest rate ( ‰)÷30

2. Monthly interest rate (‰) = annual interest rate (%) ÷12

(2) Banks can use the cumulative interest calculation method and the transaction-by-transaction interest calculation method Calculate interest.

1. The accumulation interest calculation method is based on the daily accumulated account balance based on the actual number of days, and interest is calculated by multiplying the accumulated accumulation number by the daily interest rate. The interest accrual formula is:

Interest = cumulative interest accrual amount × daily interest rate, where cumulative interest accrual amount = total daily balance.

2. The interest calculation method calculates interest on a case-by-case basis according to the predetermined interest calculation formula: interest = principal × interest rate × loan term. There are three specific methods:

The interest calculation period is the entire Years (months), the interest calculation formula is:

①Interest = principal × number of years (months) × year (months) interest rate

The interest calculation period lasts for a whole year (months) ) If there are fractional days, the interest calculation formula is:

②Interest = principal × number of years (months) × annual (months) interest rate principal × number of fractional days × daily interest rate

At the same time, the bank can choose to convert all interest calculation periods into actual days to calculate interest, that is, each year is 365 days (366 days in leap years), and each month is the actual number of days in the Gregorian calendar in that month. The interest calculation formula is:

③ Interest = principal × actual number of days × daily interest rate

I hope my answer can help you.