The local provident fund management centers announced the current policy 1 that the provident fund can be withdrawn and loaned, and Jingmen City revoked the restriction of "taking loans or choosing one".
After employees purchase (build) self-occupied housing and withdraw housing provident fund, they can still apply for personal credit loans of housing provident fund, and the amount of loans for acquisition shall not exceed the total amount of housing purchased (built). It will come into force on April 20, 2022.
2. Qiandongnan Prefecture relaxed the restrictions on "refinancing" of provident fund.
From June 2022 to June+February 65438, when purchasing commercial housing and second-hand commercial housing, the depositor of the provident fund can apply for a down payment of no more than 20% of the total house price, and can also apply for a housing provident fund loan on the premise that the balance of the deposit account is still kept in the personal account for six months.
3. Mianyang City purchases residential loans.
Before 65438+February 3, 20221,all paid employees who bought their own houses (pre-sold houses, existing houses and re-sold houses) in this city and applied for housing provident fund loans can get the balance in their deposit accounts that is not included in the loan amount and use it to purchase the down payment, and then apply for housing provident fund loans.
Is prepayment equal to the loss of principal and interest? 1. Early repayment can reduce the occupation time of loan principal and interest. The faster you repay in advance, the more interest you can save, which is a steady profit.
2. If you compare the loan interest before and after prepayment, you may feel that you have suffered a big loss mentally.
3. If the loan repayment method chooses equal principal and interest repayment, because the loan interest will be more, it will be more disastrous to repay in advance.
For example, suppose the loan principal and interest is 6,543,800 yuan, the loan term is 654.38+ 00 years, and the loan interest rate is 4.9%.
1, equal principal repayment, total interest = 26,692.87 yuan, repayment five years in advance, paid interest =19,428.69 yuan, which can save interest of 7,264.18 yuan, and the savings are basically earned without compensation.
2. The interest for the first five years is 19428.69 yuan, and the interest for the second five years is 7264. 18 yuan, both for five years. However, if we compare before and after, we will find that the interest expenditure in the first five years is about 2.7 times that in the second five years, which will inevitably lead to psychological imbalance. We may feel that paying too much interest in the first five years will lead to big losses.
3. If the principal and interest are repaid in equal amount, the total interest is = 24,704.17 yuan, and the interest for the first five years is = 18477. 1 yuan. Compared with the repayment of equal principal, the total interest of equal repayment will be reduced by 1988.7 yuan. After the normal repayment in the first five years, the equal principal repayment will also cost 95,66 less.