Loan term: 5 years (60 months)
Two situations in which the interest rate remains unchanged and the loan is fully paid off:
☆ Calculated according to the provident fund loan with equal principal and interest.
Annual interest rate: 4% (monthly interest rate is 3.333 ‰)
Monthly payment: 3683.3 yuan.
Total interest: 20,998.26 yuan.
☆ Calculated by provident fund loans and average capital.
Annual interest rate: 4% (monthly interest rate is 3.333 ‰)
First monthly payment: 4,000 yuan
Decreasing month by month:11.11yuan.
Monthly payment at the end of the month: 3,344.44 yuan.
Total interest: 20,333.33 yuan.