Taking mortgage as an example, according to the benchmark interest rate of the central bank, the annual interest rate of commercial loans for more than five years is 4.90%, and that of provident fund loans for more than five years is 3.25%.

I. Commercial loans

1, the repayment method of equal principal and interest is 600,000 yuan, and the total interest of the loan for 30 years is 546,369.72 yuan.

The average repayment method of 26,000 loans has a total interest of 442,225 yuan in 30 years.

Second, provident fund loans.

1, the repayment method of equal principal and interest is 600,000 yuan, and the total interest for 30 years is 340,045.65 yuan.

The total interest of the 30-year average repayment method for the loan of 26,000 yuan is 293,365,438+02.5 yuan.

Borrowers who need to apply for loans need to meet the following conditions:

1, with full capacity for civil conduct and legal and valid identity documents;

2. Have the ability to repay the loan principal and interest;

3. Good credit status;

4. A legal and effective house sales contract has been signed, and the house purchased is for residential purposes;

5, there is no less than the minimum required proportion of the first payment certificate;

6. Set mortgage guarantee for the purchased house in principle;

7. Other conditions stipulated by the bank.

In addition, the loan term shall not exceed 30 years at the longest, the loan interest rates of major banks shall be implemented in accordance with the relevant regulations of the People's Bank of China, and the maximum loan amount shall not exceed 80% of the transaction price of the purchased house, specifically in accordance with the relevant provisions of the local differentiated housing credit policy.