1, with the housing provident fund loan, if you repay 1200 every month, first deduct the remaining money from your provident fund and then deduct it from your salary, but you still need to go through the corresponding procedures.
2. After the loan is released, you will receive a text message or phone call from the loan bank, and then there will be a long way to repay the loan, but you can't use the balance of the provident fund to pay it back. When you apply for a provident fund loan, you can apply for a card in that bank, and the first month's repayment amount (full amount) will be credited to repay the loan. About half a month after the deduction, the mailbox will receive the statement, call the bank to confirm the address, and take the list to the provident fund to repay the loan. If you are quick, you don't have to pay your salary in the second month. Generally, it will be too late in the second month. After the loan is released, you will receive a text message or phone call from the loan bank, and then there will be a long way to repay the loan, but you can't repay it with the balance of the provident fund.
3 provident fund loans refer to loans enjoyed by employees who have paid housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for provident fund loans according to the relevant provisions of provident fund loans.
How to deduct the monthly payment of provident fund loans? Monthly deduction method of provident fund loans The monthly payment of provident fund loans is deducted from the designated bank card or provident fund card. After the successful application for provident fund loan, the lender can choose to deduct money from the bank card or provident fund card. If you want to deduct money from the provident fund account, you can apply for provident fund hedging business. If you deduct it from the bank card, you can bind the bank card.
After handling the provident fund hedging business, the system will give priority to deducting the balance of the provident fund for repayment, and only when the balance of the provident fund is insufficient will it be deducted to the designated bank card. The provident fund loan has a main lender and a sub-lender, and the deduction from the bank card of the main lender is given priority.
Generally speaking, it is more convenient to deduct the monthly payment of provident fund loans. The borrower only needs to ensure that there are enough funds in his provident fund account or bank card before the repayment date.
How to calculate the monthly loan from the bank? 1. Monthly interest rate: that is, the interest calculated on a monthly basis. The calculation method is: monthly interest rate = annual interest rate ÷ 12 (month).
2. Daily interest rate: The daily interest rate is called the daily interest rate and is calculated on a daily basis. The calculation method is: daily interest rate = annual interest rate ÷360 (days) = monthly interest rate ÷30 (days).
3. Annual interest rate: usually in the form of percentage of principal, interest is calculated annually. Calculation method: annual interest rate = interest ÷ principal ÷ time × 100%.
4. Annualized interest rate: refers to the interest rate at which the inherent rate of return of products is discounted to the whole year, which is quite different from the calculation method of annual interest rate. Assuming that the yield of a wealth management product is one year and the yield is B, the annualized interest rate R is calculated as R=( 1+B)A- 1.
5. Calculation formula of equal principal and interest: [loan principal × monthly interest rate× (1+monthly interest rate) repayment months] ÷ repayment months [( 1+ monthly interest rate) repayment months-1]
6. Calculation formula of average fund: monthly repayment amount = (loan principal ÷ repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.
Extended information:
Bank loan refers to an economic behavior in which banks lend funds to people in need at a certain interest rate according to national policies and agree to return them within a specified time limit. Generally, you need a guarantee, a house mortgage, or proof of income, and your personal credit information is good before you can apply.
Moreover, in different countries and different development periods of a country, the types of loans classified according to various standards are also different. For example, industrial and commercial loans in the United States mainly include ordinary loan quotas, working capital loans, standby loan commitments, and project loans. In Britain, industrial and commercial loans are mostly in the form of discounted bills, credit accounts and overdraft accounts.
According to different classification standards, there are different types of bank loans. For example:
1. According to different repayment periods, it can be divided into short-term loans, medium-term loans and long-term loans;
2. According to different repayment methods, it can be divided into demand loans, term loans and overdrafts;
3. According to the purpose or object of the loan, it can be divided into industrial and commercial loans, agricultural loans, consumer loans and securities broker loans.
4. According to the different loan guarantee conditions, it can be divided into bill discount loan, bill mortgage loan, commodity mortgage loan and credit loan.
5. According to the loan amount, it can be divided into wholesale loans and retail loans;
6. According to the different ways of interest rate agreement, it can be divided into fixed interest rate loans and floating interest rate loans, and so on.
Short-term loans refer to loans with a loan term of 1 year (inclusive). Short-term loans are generally used for the liquidity needs of the borrower's production and operation.
The currencies of short-term loans include RMB and major convertible currencies of other countries and regions. The term of short-term working capital loans is generally about half a year, and the longest is no more than one year; Short-term loans can only be extended once, and the extension period cannot exceed the original period.
The loan interest rate is determined according to the interest rate policy formulated by the People's Bank of China and the floating range of the loan interest rate, as well as the nature, currency, use, method, term and risk of the loan, among which the foreign exchange loan interest rate is divided into floating interest rate and fixed interest rate. The loan interest rate is indicated in the loan contract, which customers can check when applying for a loan. Overdue loans will be punished according to regulations.
The advantages of short-term loans are relatively low interest rates and relatively stable capital supply and repayment. The disadvantage is that it cannot meet the long-term capital needs of enterprises. At the same time, because short-term loans use fixed interest rates, the interests of enterprises may be affected by interest rate fluctuations.