Give you a loan calculator/custserv/cs6/cs62/20081/t20081117 _130536.htm. You can check it yourself.

2. What is the difference between ordinary bank loans and provident fund loans?

Hello, friends!

The difference between ordinary bank loans and provident fund loans is still very big, and the total interest of ordinary bank loans will even be nearly double that of provident fund loans. Therefore, if you can use provident fund loans, you should give priority to them. Let's analyze it.

Ordinary bank loan

Now people generally use ordinary bank loans to buy houses. At present, ordinary bank mortgage loans generally have to rise by about 20% on the basis of the benchmark interest rate, that is, to reach about 5.88%.

The following table is the interest rate table of ordinary bank loans, from which we can see that the benchmark annual interest rate of ordinary loans for more than five years is 4.9%, while the housing provident fund is only 3.25%.

If the loan from an ordinary bank is 654.38+00,000, and the loan period is 20 years, we can calculate the total repayment amount by increasing the loan interest rate by 20%. According to the following calculation results, the monthly repayment is 7095.25 yuan, the total interest reaches 702,866,5438+0,000 yuan, and the total repayment reaches 65,438+0,704,38+0,000 yuan.

Let's calculate the total repayment amount and monthly repayment amount of provident fund loans.

Provident fund loan

It is very cost-effective to use provident fund loans for housing loans. As can be seen from the above, if you use provident fund loans, the annual interest rate is only 3.25%. This annual interest rate must be quite cost-effective. If we borrow 6,543,800 yuan and use the provident fund loan, then let's calculate and see what the repayment amount is.

As can be seen from the following calculation, the monthly repayment amount of 1 10,000 20-year provident fund loan is 567 1.96 yuan, with total interest of 36 1.27 million yuan and total repayment amount of 1.36 1.27 million yuan.

It can be seen that the total interest of the provident fund is 36 1.27 million yuan, while the total interest of ordinary bank loans is 702,860 yuan. It can be seen that the interest difference is nearly doubled.

Moreover, the monthly repayment amount also varies greatly. The monthly repayment amount of provident fund is 567 1.96 yuan, and the monthly repayment amount of ordinary loan is 7095.25 yuan, with a difference of 1.423 yuan.

It can be seen that provident fund loans are definitely very cost-effective.

To sum up, the gap between provident fund loans and ordinary loans is still relatively large. If you can use provident fund loans, you must give priority to provident fund loans, so that not only the monthly repayment is low, but also the total interest is much lower.

Thanks for reading!

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Third, there is a housing provident fund to buy a house loan, can the interest be lower?

Tell me about the interest difference between my local first home provident fund and commercial loans?

The interest rate of provident fund loans for more than five years is 3.25%, and the benchmark interest rate of commercial loans is 4.9%, but it will rise by 10% to 5.4%.

If the loan has the same principal and interest of 400,000 yuan for 20 years, the provident fund will repay 2,269 yuan per month, and the commercial loan will repay 2,729 yuan per month. After 20 years, the total interest will exceed 65,438+065,438+0,000.

4. What is the difference in the interest rate of buying a house without provident fund loans?

Provident fund loan interest rate and commercial loan interest rate

1, provident fund loan interest rate

(1) The annual interest rate of individual housing provident fund loans for less than five years (including five years) is 3.25%;

(2) The annual interest rate of individual housing provident fund loans for more than five years is 3.75%;

2. Commercial loan interest rate

(1) If the annual interest rate of personal housing commercial loan is within one year (including one year), the annual interest rate of the loan is 5.10%;

(2) The annual interest rate of individual housing commercial loans for one to five years (including five years) is 5.50%;

(3) The annual interest rate of personal housing commercial loans for more than five years is 5.65%.