Provident fund loans refer to housing loans issued by banks with provident fund as collateral and housing provident fund as guarantee. The 700,000 yuan provident fund loan refers to the 700,000 yuan housing loan issued by the bank with the housing provident fund as the guarantee.

The loan period of 700,000 provident fund loans is generally 5 to 30 years, and the loan interest rate is generally 3.25 to 4.75 times of the benchmark interest rate, which is lower than that of ordinary commercial loans, but the loan period is short and the loan amount is limited.

Two. The monthly repayment amount of the 30-year provident fund loan is 700,000 yuan.

The 30-year provident fund loan is 700,000 yuan, and the monthly repayment amount can be calculated by matching the principal and interest. The specific calculation formula is as follows:

Monthly repayment amount = loan principal × [monthly interest rate× (1+ monthly interest rate) repayment months] ((1+monthly interest rate) repayment months-1]

In which: monthly interest rate = annual interest rate ÷ 12, repayment months = loan term × 12.

Suppose the 30-year provident fund loan is 700,000 yuan, the loan interest rate is 4.9%, and the monthly repayment amount is:

Monthly repayment amount = 700,000× [4.9% ÷12× (1+4.9% ÷12) 360] ÷ 65438

Monthly repayment amount = 3845.45 yuan

3. Repayment method of 700,000 yuan for provident fund loan in 30 years.

Generally, there are two repayment methods for a 30-year provident fund loan of 700,000 yuan: the equal principal and interest method and the average capital method.

1. Equal principal and interest method: It means that the borrower repays the loan principal and interest with the same amount every month, in which the proportion of principal repaid every month increases and the proportion of interest decreases every month.

2. Average capital method: it means that the borrower repays the principal and interest of the loan every month, and the amount of principal repaid every month is equal, while the amount of interest paid decreases month by month.

Fourth, the repayment advantage of a 30-year provident fund loan of 700,000 yuan

The repayment advantages of a 30-year provident fund loan of 700,000 yuan mainly include the following points:

1. Low interest rate: the interest rate of provident fund loans is generally lower than that of ordinary commercial loans, which can save loan costs.

2. Long repayment period: The repayment period of provident fund loans is generally 5 to 30 years, which is longer than that of ordinary commercial loans and can reduce the repayment pressure.

3. Policy preference: provident fund loans can enjoy government policy preference, such as housing provident fund loans can enjoy housing subsidies provided by the government.

Five, 30 years provident fund loan 700 thousand points for attention

Matters needing attention for a 30-year provident fund loan of 700,000 yuan are as follows:

1. Limited loan amount: the loan amount of provident fund loans is limited, generally not exceeding 700,000 yuan. If the loan amount is insufficient, other loan methods can be considered.

2. Short repayment period: The repayment period of provident fund loans is generally 5 to 30 years, which is shorter than that of ordinary commercial loans, and borrowers need to make repayment plans in advance.

3. Default risk: the provident fund loan is guaranteed by the housing provident fund. If the borrower breaches the contract, it will bear corresponding legal responsibilities, so the borrower needs to prepare for repayment in advance.

Six, 30 years provident fund loan application process of 700 thousand

The application process for a 30-year 700,000 yuan provident fund loan usually includes the following steps:

1. Preparation of application materials: The borrower needs to prepare application materials such as ID card, housing provident fund deposit certificate and income certificate.

2. Choose a bank: The borrower can choose a suitable bank to apply for a loan according to his own situation.

3. Submit application: The borrower needs to submit the prepared application materials to the bank, and the bank will review the application materials to determine whether the loan can be issued.

4. Signing a contract: If the bank approves, the borrower needs to sign a loan contract to determine the loan amount, loan term and loan interest rate.

5. Lending: After the bank approves the loan, it will lend the loan funds to the borrower, and the borrower can repay the loan on schedule according to the agreed repayment method.

Seven, 30 years provident fund loan repayment plan of 700 thousand.

The repayment plan of 30-year 700,000 yuan provident fund loan generally includes the following aspects:

1. repayment period: the borrower needs to determine the repayment period of the loan, which is usually 5 to 30 years.

2. Repayment method: The borrower needs to determine the repayment method of the loan. Generally, there are two methods: equal principal and interest method and average capital method.

3. Repayment amount: The borrower needs to determine the monthly repayment amount, which can be calculated by equal principal and interest.

4. Repayment date: The borrower needs to determine the monthly repayment date, usually a certain day of each month.

5. Repayment reminder: The borrower needs to make repayment reminder in advance to avoid overdue repayment.

Eight, the risk of 30 years provident fund loans of 700 thousand

The risks of a 30-year provident fund loan of 700,000 mainly include the following aspects:

1. Default risk: the provident fund loan is guaranteed by the housing provident fund. If the borrower breaches the contract, it will bear corresponding legal responsibilities, so the borrower needs to prepare for repayment in advance.

2. Interest rate risk: The interest rate of provident fund loans is generally lower than that of ordinary commercial loans, but with the change of market interest rate, the interest rate of provident fund loans will also change, so borrowers need to pay attention to the risks brought by interest rate changes.

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