The provident fund loan is 3 million yuan, calculated at the current benchmark interest rate of 3.25%, with a term of 15 years and a monthly payment of 7026.69 yuan.
What does the provident fund loan of 3 million represent?
The new policy implements the preferential policy of housing provident fund for high-level talents, and individuals can apply for a loan of up to 3 million yuan. . If the provident fund can be loaned to 3 million yuan, it shows that this person has outstanding ability in some aspects and has reached the recognition of government departments.
How much is the monthly payment of 3 million in 30 years?
Taking housing loans as an example, the central bank stipulates that the annual interest rate of commercial loans with a benchmark interest rate of over five years is 4.90%, and the annual interest rate of provident fund loans with a benchmark interest rate of over five years is 3.25%. Calculate the monthly income of 3 million loans for 30 years (i.e. 360 periods) as follows.
1. Commercial loan.
1. Matching principal and interest repayment method: 3 million loans for 30 years, 1592 1.8 yuan.
2. The average capital repayment method is 3 million yuan, 20,583.33 yuan in the first month of 30 years, and it will decrease every month thereafter.
Second, provident fund loans.
1, repayment method of equal principal and interest: 3 million loans for 30 months 13056. 19 yuan.
2. The average capital repays the loan of 3 million yuan in the first month of 30 years, which is 65,438+06,458.33 yuan, and then decreases every month.
First, the common sense of loan interest
(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):
1. daily interest rate (0/000)= annual interest rate (%)÷360= monthly interest rate (‰)÷30.
2. Monthly interest rate (‰) = annual interest rate (%)÷ 12
(two) banks can use the product interest method and the transaction interest method to calculate interest.
1. Accumulate the account balance daily according to the actual number of days, and multiply the accumulated product by the daily interest rate to calculate the interest. The interest-bearing formula is:
Interest = cumulative interest-bearing product × daily interest rate, where cumulative interest-bearing product = total daily balance.
2. Transaction-by-transaction interest calculation method calculates interest one by one according to the preset interest calculation formula: interest = principal × interest rate × loan term, with three details:
If the interest-bearing period is a whole year (month), the interest-bearing formula is:
① Interest = principal × year (month )× year (month) interest rate
If the interest-bearing period is a whole year (month) and days, the interest-bearing formula is:
② Interest = principal × year (month) × year (month) interest rate principal × odd days × daily interest rate.
At the same time, banks can choose to convert all interest-bearing periods into actual days to calculate interest, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar of the current month. The interest-bearing formula is as follows:
③ Interest = principal × actual days × daily interest rate
These three formulas are essentially the same, but because the interest rate conversion is only 360 days a year, when calculating the actual daily interest rate, it will be calculated as 365 days a year, and the result will be slightly biased. Which formula is used specifically, the central bank gives financial institutions the right to choose independently. Therefore, the parties and financial institutions can agree on this in the contract.
(3) Compound interest: Compound interest means adding interest at a certain interest rate. According to the regulations of the central bank, if the borrower fails to repay the interest at the time agreed in the contract, it will be charged with compound interest.
(4) Penalty interest: If the lender fails to repay the bank loan within the prescribed time limit, the penalty interest paid by the bank to the defaulter according to the contract signed with the parties is called bank penalty interest.
(V) loans overdue liquidated damages: penalties for the defaulting party with the same nature as penalty interest.
(six) the formulation and filing of interest calculation methods
The interest-bearing settlement rules and methods for deposit and loan business formulated by national commercial banks as legal persons shall be reported to the head office of the People's Bank of China for the record, and the customers shall be informed; Regional commercial banks and urban credit cooperatives should be reported to the branches of the People's Bank of China and the central branch of the provincial capital for the record, and inform customers; County rural credit cooperatives as legal persons may, according to the actual situation of the county rural credit cooperatives, formulate the rules for interest calculation and settlement and the interest-bearing measures for deposit and loan business, and report them to the branch of the People's Bank of China and the central branch of the provincial capital for the record, and the rural credit cooperatives as legal persons shall notify the customers.
Two, after the customer loans, you can calculate the monthly repayment amount according to their own repayment methods.
1, monthly repayment amount of equal principal and interest repayment method = (loan principal × monthly interest rate ×(65438+ 10) repayment months) ÷(65438+ 10) repayment months-1), and equal principal and interest repayment.
2. Average capital repayment method: monthly repayment amount = (loan principal ÷ repayment months) (loan principal-cumulative repayment amount of principal) × monthly interest rate, while average capital repayment method means that the monthly repayment principal remains unchanged and the interest rate gradually decreases.
Jiangmen, Guangdong introduced a new provident fund policy: top talents can borrow up to 3 million yuan.
According to Jiangmen Provident Fund, recently, Jiangmen Housing Provident Fund Management Center of Guangdong Province issued three preferential policies at the same time, gradually increasing the discount loan amount of housing provident fund for talents with bachelor degree or above. The maximum loan amount of the housing provident fund for top talents will be increased to 10 times that of Jiangmen City, with a maximum loan of 3 million yuan for individuals and 6 million yuan for two or more people.
The following is the full text:
In order to implement the spirit of the 14th National Congress of the Communist Party of China, further promote the "industrial revitalization" and "talent multiplication" projects, and increase the investment in entrepreneurial talents and housing security support in our city, the amount of subsidized housing provident fund loans for talents with bachelor degree or above will be increased from September 24th, 2022 to February 3rd1. The maximum loan amount of housing provident fund discount loan for talents with bachelor degree will be increased to 1. 1 times of the maximum loan amount of housing provident fund in our city; The maximum loan amount of housing provident fund discount loan for master's degree talents has been increased to 65438+ 0.2 times of the maximum loan amount of housing provident fund in our city; The maximum loan amount of housing provident fund discount loan for doctoral degree talents has been increased to twice the maximum loan amount of housing provident fund in our city. Housing provident fund discount loans that have been approved and not issued before September 23, 2022 shall be implemented according to the original quota.
If this notice is inconsistent with the Notice on Increasing the Discount Amount of Housing Provident Fund Loans by Stages (J.F.J. [2022] No.5) and the Notice on Extending the Policy Term of Increasing the Discount Amount of Housing Provident Fund Loans by Stages (J.F.J. [2022] No.21), this notice shall prevail.