The monthly interest of 20-year mortgage loan is very high 1000 yuan. Because if the borrower applies for provident fund loan, the five-year standard interest rate of 202 1 provident fund loan is 3.25%. If the borrower borrows 200,000 yuan and the loan term is 20 years, the annual loan interest is 6,500 yuan and the monthly loan interest is 54 1.6 yuan. The annual repayment cost of the borrower is 1000 yuan and the monthly repayment cost is 833.3 yuan. Calculated, the monthly loan interest is 1374.6 yuan.
If the borrower applies for a pure commercial service loan, the standard interest rate of a five-year loan from a financial institution is 4.9%, but most borrowers cannot handle such a low mortgage interest rate. For information about the structure, the average interest rate of the first set of loans in 202 14, two popular big cities, is 5.4%.
According to the mortgage interest rate of 5.4%, if the borrower borrows 200,000 yuan and the loan term is 20 years, the annual loan interest is 1.080 yuan, and the monthly loan interest is 900 yuan. The annual repayment cost of the borrower is 1000 yuan and the monthly repayment cost is 833.3 yuan. Calculated, the monthly loan interest is 1733.3 yuan. If the borrower applies for a provident fund loan, the five-year standard interest rate of 202 1 provident fund loan is 3.25%. If the borrower borrows 200,000 yuan and the loan term is 20 years, the annual loan interest is 6,500 yuan and the monthly loan interest is 54 1.6 yuan. The annual repayment cost of the borrower is 1000 yuan and the monthly repayment cost is 833.3 yuan. Calculated, the monthly loan interest is 1374.6 yuan.
If the borrower applies for a pure commercial service loan, the standard interest rate of a five-year loan from a financial institution is 4.9%, but most borrowers cannot handle such a low mortgage interest rate. For information about the structure, the average interest rate of the first set of loans in 202 14, two popular big cities, is 5.4%.
According to the mortgage interest rate of 5.4%, if the borrower borrows 200,000 yuan and the loan term is 20 years, the annual loan interest is 1.080 yuan, and the monthly loan interest is 900 yuan. The monthly repayment cost is 833.3 yuan. Calculated, the monthly loan interest is 1733.3 yuan.
How much is the monthly housing provident fund loan of 200,000 yuan for 20 years?
Monthly repayment: 1 134.39. At present, the benchmark interest rate for reserve loans over five years is 3.25% per annum, and the monthly interest rate is 3.25%/1.20,000 for 20 years (240 months):
Monthly repayment amount = 2000003.25%/12 (13.25%/12) 240/((13.25%/12) 240-/kloc.
Total interest =1134.39240-200000 = 72253.60.
Description: 240 is the power of 240.
Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.
Housing provident fund loans refer to housing mortgage loans issued by local housing provident fund management centers to on-the-job employees who paid housing provident fund and retired employees who paid housing provident fund during their employment.
Housing provident fund can only be used for employees to buy, build, renovate and overhaul their own houses. The main types of provident fund loans are new housing loans, second-hand housing loans, self-built housing loans, housing decoration loans, commercial housing loans to provident fund loans and so on. But it should be noted that not all provident fund centers can handle these types of loans.
How to handle housing provident fund loans?
1. Submit the application
The borrower shall submit a written application for housing provident fund loan to the housing provident fund management center, and truthfully fill in the housing provident fund loan application form and related materials, such as: personal identity card, marriage certificate, income certificate of the applicant and spouse, legal original purchase contract, stamp of the applicant and spouse, etc.
2. Audit data
The housing provident fund management center shall review the borrower's information, including the borrower's qualification, loan amount, term, etc. After passing the examination, the management center will issue relevant certificates of loan approval.
Step 3 sign a contract
If the borrower is approved by the housing provident fund management department, he may sign a loan contract and a guarantee contract with the loan bank, and handle mortgage registration, insurance, notarization and other related procedures.
Step 4 lend a loan
According to the loan contract, the loan bank will transfer the loan to the bank account designated by the borrower in one lump sum or in installments.
5. Repay on time
The borrower opens a repayment account in the loan bank and repays the loan principal and interest on schedule according to the repayment method and repayment plan agreed in the loan contract.
Step 6 cancel the mortgage
After the loan is settled, the borrower obtains the Loan Settlement Certificate from the loan bank, retrieves the mortgage registration certificate and the original insurance policy, and goes through the mortgage registration cancellation procedures at the original mortgage registration department.
How much is the monthly provident fund loan of 200 thousand for 20 years?
The loan is 200,000 yuan, which will be repaid in 20 years. The monthly payment is not fixed, because it depends on what kind of loan you choose. According to the current commercial loan, if you choose the repayment method of equal principal and interest, the amount to be repaid every month is 1308 yuan. The repayment method of average capital is adopted, and the repayment amount is about 836 yuan to 1650 yuan. There is also a form of loan that is more cost-effective. It is a provident fund loan. According to the repayment method of equal principal and interest, it is required to repay 1 134 yuan every month. According to the repayment method of average capital, the monthly repayment is between 835 yuan and 1375 yuan.
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans.
20 12 some cities relaxed the conditions of provident fund loans, among which the upper limit of housing provident fund loans in 9 counties of Linyi City, Shandong Province was raised from 200,000 yuan to 300,000 yuan from June 1.
20 14, 10 In June, the Ministry of Housing and Urban-Rural Development, the Ministry of Finance and the People's Bank of China issued a document, including relaxing the conditions of provident fund loans, promoting loans in different places, reducing intermediate costs, canceling the housing provident fund personal housing loan insurance, notarization, new house evaluation and compulsory institutional guarantee, and reducing the burden on loan workers. Among them, employees who have paid for 6 months can apply for provident fund loans (currently 12 months).
On August 17 and 15, the Ministry of Housing and Urban-Rural Development jointly issued a notice saying that the down payment for purchasing a second home with provident fund loans will be cancelled by 20% from September 15 and 1 day.
Loan terms:
1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans, and employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans.
2. To participate in the housing provident fund system, if you want to apply for a housing provident fund personal purchase loan, you must also meet the following conditions: that is, the housing provident fund has been continuously paid for at least 6 months before applying for the loan. Because, if the employee's behavior of paying housing provident fund is abnormal and intermittent, it means that his income is unstable and he is prone to risks after issuing loans.
3. One of the husband and wife has applied for a housing provident fund loan, and neither of them can get a housing provident fund loan until the principal and interest of the loan are paid off. Because the housing provident fund loan is a kind of "housing security" financial support to meet the basic housing needs of workers' families.
4. When applying for a housing provident fund loan, the loan applicant must have a relatively stable economic income and repayment ability, and there are no other outstanding debts that may affect the repayment ability of the housing provident fund loan. When employees have other debts, it is risky to lend to housing provident fund, which violates the principle of safe operation of housing provident fund.
5. The term of the provident fund loan shall not exceed 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.
So much for the launch of 200,000 20-year provident fund loans.