Approved by Shanghai Price Bureau, the guarantee rate of individual pure housing provident fund loan is 1‰, and the calculation formula of guarantee fee is: guarantee fee = sum of loan principal and interest balance at the beginning of loan multiplied by annual guarantee rate. If the loan amount is 6,543,800 yuan and the loan term is 654.38+ 00 years, the loan guarantee fee per 10,000 yuan is 68.60 yuan, and the loan guarantee fee of 6,543,800 yuan is 686 yuan.

The guarantee fee of 1.5 million yuan is 68.6 * 1.5 = 1.029 yuan.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.