More than five years, 4.90%

Less than five years, 4.45%

20 12 Annual interest rate of commercial individual housing loan from July 7th:

Within one year (inclusive) 6.56%

One to three years (inclusive) 6.65%

Three to five years (inclusive) 6.90%

More than five years, 7.05%

Your provident fund loan 1.7 million, calculated as 20 years, is divided into two situations:

(1) average capital repayment method (low overall interest rate, recommended)

Repay the principal every month, pay the interest in the first month, decrease the interest month by month, repay the principal and interest cumulatively, and pay the total interest burden.

708.39 694. 1 1 2.8934 253640.34 83640.34

Note: The average capital repayment method is to repay the loan principal with the same amount every month, and the interest decreases month by month. Its characteristic is that the monthly repayment amount is higher in the early stage, and then decreases every month (because the principal decreases and the interest decreases). Because the repayment of the principal is faster, the total interest rate is lower than that of the equal principal and interest repayment method.

(2) Equal principal and interest repayment method (the monthly repayment amount is consistent, so it is easy to remember the repayment amount, but the overall interest payment is higher, as can be seen from the comparison of the following data. In this case, the equal principal and interest repayment method pays more interest than the average capital repayment method = 96,995.2-83,640.34 =13,354.86 yuan).

Average Monthly Repayment Cumulative Repayment Interest Total Interest Burden

1 1 12.48 266995.2 96995.2