20 17 how to calculate the interest on prepayment of provident fund loans?
Interest paid in advance by provident fund = monthly loan principal * monthly loan interest rate.
The interest paid in advance by the provident fund is 4.59% per annum from 1 to 5 years, and 5.04% per annum from 6 to 30 years. The maximum amount of provident fund loans has been adjusted from 400,000 to 600,000 from 1 this July. The longest loan period of the provident fund can reach 30 years.
Two methods of repaying housing loan provident fund in advance
1. Withdraw the provident fund and repay it in advance in cash. After a month of normal repayment, employees can contact the repayment bank and make an appointment for the bank to repay the provident fund in advance. It should be noted here that the amount of each prepayment shall not be less than 6,543,800 yuan.
2. Withdraw the common reserve fund and make partial repayment in advance by transfer. Employees who repay in this way need to meet the following requirements.
(1) Normal repayment exceeds 12 months; (2) The balance of the applicant's provident fund account is greater than 1 10,000 yuan; (3) When applying for early repayment of the provident fund, other owners need to bring their ID cards and provident fund cards, and provide the original real estate license or the original purchase contract; If the borrower's spouse applies, it is necessary to provide the original marriage certificate with the borrower to the repayment bank acceptance point.
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