1. 2017 loan calculation formula
Calculation formula:
The principal and interest repayment method, that is, the loan principal and interest will be repaid in an equal amount every month during the loan period.
Monthly repayment = loan principal × monthly interest rate × (1-month interest rate) number of repayment months/[(1-month interest rate))
The other is equal principal amount The repayment method (interest follows principal clearing method), that is, the loan principal is repaid in equal installments every month, and the loan interest decreases monthly with the principal. The monthly repayment amount calculation formula is:
Monthly repayment amount =Loan principal/Number of loan term months (principal-cumulative amount of repaid principal)×monthly interest rate
2. What is the provident fund loan limit in 2017? What if it’s not enough? How to calculate the limit
Provident fund loan limit:
The provident fund loan limit is calculated based on four conditions: loan repayment ability, house price ratio, housing provident fund account balance and loan maximum limit. , the minimum value calculated from the four conditions is the maximum loan amount that the borrower can borrow. The calculation method is as follows:
Based on loan repayment ability:
The calculation formula is:
(The borrower’s total monthly salary, the borrower’s unit’s monthly housing provident fund deposit amount )×loan repayment ability coefficient-the total monthly repayment of the borrower’s existing loan}×loan term (months).
If the spouse's quota is used:
(The total monthly salary of both spouses, the monthly housing provident fund payment amount of the employer where both spouses work) × the loan repayment ability coefficient - the monthly repayment of existing loans of both spouses Total amount}×Loan term (months).
The loan repayment ability coefficient is 40%
Total monthly salary = monthly provident fund payment ÷ (unit contribution ratio individual contribution ratio).
Based on house price:
The calculation formula is: loan amount = house price × loan percentage
The loan percentage is based on the different types of houses purchased, constructed and repaired. Determined by the number of housing loans:
a. Purchase of commercial housing, limited-price commercial housing, targeted resettlement of affordable housing, targeted sales of affordable housing or private property housing.
Employee families (including employees, spouses and minor children, the same below) take loans to purchase their first homes (including commercial housing, limited-price commercial housing, targeted placement of affordable housing, targeted sales of affordable housing or private property housing), and the building area of ??the purchased house is less than 90 square meters (including 90 square meters), a down payment of no less than 20% of the purchase price of the house should be paid, and the loan amount should not be higher than 80% of the purchase price of the house; If the building area of ??the purchased house exceeds 90 square meters, a down payment of no less than 30% of the purchased house price shall be paid, and the loan amount shall not exceed 70% of the purchased house price.
If an employee family takes out a loan to purchase a second home, they should pay a down payment of no less than 50% of the price of the house purchased, and the loan amount shall not exceed 50% of the price of the house purchased.
For employee families who take out loans to purchase their third or more homes, the issuance of personal housing provident fund loans will be suspended.
When purchasing a privately owned house, if the house price and the appraised price are inconsistent, the lower value of the two will be used to determine the amount.
When purchasing affordable housing for targeted resettlement, the loan amount should not be higher than the difference between the total price of the house purchased and the housing compensation.
For the purchase of existing public housing, the loan amount shall not exceed 70% of the price of the purchased house; for the construction, renovation, or overhaul of self-owned housing, the loan amount shall not exceed 70% of the cost of building the house.
According to account balance:
If an employee applies for a housing provident fund loan, the loan amount shall not be higher than the balance of the housing provident fund account when the employee applies for the loan (at the same time, if the spouse’s housing provident fund is used to apply for a provident fund loan, it is for the employee and 10 times the sum of the balance of the housing provident fund account of the spouse). If the balance of the housing provident fund account is less than 20,000, it will be calculated as 20,000.
According to the maximum limit:
If you use your own housing provident fund to apply for a housing provident fund loan, the maximum loan limit
Provide fund loan amount
Provide fund loan The limit is 400,000 yuan; if you use your spouse’s housing provident fund to apply for a housing provident fund loan, the maximum loan limit is 600,000 yuan.
If you use your own housing provident fund to apply for a housing provident fund loan, and you make a normal deposit of supplementary housing provident fund when applying for a loan, the maximum loan limit is 500,000 yuan; at the same time, you use your spouse’s housing provident fund to apply for a housing provident fund loan, and when you apply for a loan, you apply for a housing provident fund loan. If you or your spouse make regular contributions to the supplementary housing provident fund, the maximum loan limit is 700,000 yuan.
If the employee or his spouse normally pays and deposits monthly housing subsidies when applying for a loan, the regulations on normal payment and deposit of supplementary housing provident fund shall be followed.
The calculated loan limit value is kept to the thousandth place, and the thousandth place value that is not zero below the thousandth place is increased by one.
3. 2017 loan calculation formula
Calculation formula:
The principal and interest repayment method, that is, the loan principal and interest will be repaid in an equal amount every month during the loan period. The monthly repayment calculation formula is:
Monthly repayment amount = loan principal × monthly interest rate × (1-month interest rate) number of repayment months/[(1-month interest rate) number of repayment months-1 ]
The other is the equal-amount principal repayment method (interest follows principal clearing method), that is, the loan principal is repaid in equal installments every month, and the loan interest decreases monthly with the principal, and the monthly repayment amount is calculated The formula is:
Monthly repayment amount = loan principal/number of months in the loan period (principal - cumulative amount of repaid principal) × monthly interest rate
4. Calculation of loan interest formula?
1 is: Interest = loan principal × annual interest rate × loan period (months) / 12
2 Among them, the loan principal refers to the amount of money borrowed by the borrower, and the annual interest rate It refers to the interest rate charged by the bank each year, and the loan term refers to the number of months the borrower has to repay the loan.
3 For example, if the borrower borrows 100,000 yuan, the annual interest rate is 5%, and the loan term is 24 months, then the loan interest = 100,000 yuan × 0.05 × 24/12 = 10,000 yuan.
Note: The actual repayment amount is subject to other fees such as handling fees.