1. How much is the monthly equivalent principal of 300,000 for 30 years?

300,000 equal principal repayments over 30 years, with monthly repayments decreasing. There are commercial loan repayments and provident fund loan repayments;

First, commercial loans, the interest rate is 4.9%

The total repayment is 521,100 yuan, and the total repayment interest is 221,100 yuan. Monthly repayments are in a decreasing manner. For example, for a 30-year repayment of 300,000 yuan, the first repayment is 2,058.33 yuan, the principal is 883.33 yuan, and the interest is 1,225 yuan. The last repayment is 836.73 yuan, the principal is 833.33 yuan, and the interest is 3.4 yuan. .

2. Provident fund loan, the interest rate is 3.25%

The total repayment is 446,600 yuan, and the interest paid is 146,600 yuan. For example, if you repay 300,000 yuan in 30 years, the first installment is 1,645.83 yuan, the second installment is 1,643.57 yuan, and the last installment is 835.59 yuan.

2. How much is the monthly repayment of a provident fund loan of RMB 300,000 for 30 years?

Currently, the annual interest rate for provident fund loans announced by the central bank for more than 5 years is 3.25%

, according to the benchmark interest rate trial calculation, if the interest rate remains unchanged, the "equal principal and interest repayment" method will be used for repayment, the total interest is 170,022.82 yuan, and the monthly repayment amount is 1,305.62 yuan; using "equal principal repayment" method of repayment, the total interest is 146,656.25 yuan, and the monthly repayment amount decreases month by month.

If you need a trial calculation, you can go to the China Merchants Bank homepage and click on the "Financial Calculator" - "Personal Loan Calculator" on the right side for a trial calculation.

3. How much is the monthly repayment of a provident fund loan of RMB 300,000 for 30 years?

Currently, the annual interest rate for provident fund loans over 5 years announced by the central bank is 3.25%, calculated based on the benchmark interest rate. , with the interest rate unchanged, there are two situations:

1. Repayment using the "equal principal and interest repayment" method, the total interest is 170,022.82 yuan, and the monthly repayment amount is 1,305.62 yuan.

2. Adopt the "equal principal repayment" method for repayment. The total interest is 146,656.25 yuan, and the monthly repayment amount decreases month by month.

Extended information:

Loan amount

Most cities have stipulated the maximum amount of a single housing provident fund loan, such as the maximum amount of a single housing provident fund loan in Chengdu The maximum amount of housing provident fund loans in Guangzhou is 500,000 yuan for an individual, and the maximum amount for two or more applicants is 800,000 yuan.

Secondly, the housing provident fund loan limit shall not exceed 70% of the total house payment;

To apply for a provident fund loan, the monthly repayment/monthly income shall not exceed 50% (including: monthly Repayments include the sum of existing liabilities and monthly repayments of current liabilities).

The housing provident fund loan period is 1-30 years, and shall not be longer than the borrower's legal retirement age; for employees approaching retirement age, the loan period can be appropriately relaxed based on their loan repayment ability. 1-3 years.

Interest calculation

(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):

1. Daily interest rate (0/000) =Annual interest rate (%)÷360=Monthly interest rate (‰)÷30

2. Monthly interest rate (‰)=Annual interest rate (%)÷12

(2) The bank can Interest is calculated using the cumulative interest calculation method and the transaction-by-transaction interest calculation method.

1. The accumulation interest calculation method is based on the daily accumulated account balance based on the actual number of days, and interest is calculated by multiplying the accumulated accumulation number by the daily interest rate. The interest accrual formula is:

Interest = cumulative interest accrual amount × daily interest rate, where cumulative interest accrual amount = total daily balance.

2. The interest calculation method calculates interest on a case-by-case basis according to the predetermined interest calculation formula: interest = principal × interest rate × loan term. There are three specific methods:

The interest calculation period is the entire Years (months), the interest calculation formula is:

①Interest = principal × number of years (months) × year (months) interest rate

The interest calculation period lasts for a whole year (months) ) If there are fractional days, the interest calculation formula is:

②Interest = principal × number of years (months) × annual (months) interest rate principal × number of fractional days × daily interest rate

At the same time, the bank can choose to convert all interest calculation periods into actual days to calculate interest, that is, each year is 365 days (366 days in leap years), and each month is the actual number of days in the Gregorian calendar in that month. The interest calculation formula is:

③ Interest = principal × actual number of days × daily interest rate

These three calculation formulas are essentially the same, but since the interest rate conversion only counts 360 days in a year, when the actual daily interest rate is calculated, the year will count as 365 Calculated in days, the results obtained will be slightly biased. Which formula is used to calculate the specific formula? The central bank gives financial institutions the right to choose independently. Therefore, the parties and the financial institution can agree on this in the contract.

(3) Compound interest: Compound interest means charging interest at a certain rate. According to the regulations of the central bank, if the borrower fails to repay the interest within the time stipulated in the contract, compound interest will be charged.

(4) Penalty interest: If the lender fails to repay the bank loan within the prescribed time limit, the bank's penalty interest on the defaulter according to the contract signed with the party is called bank penalty interest.

(5) Liquidated damages for overdue loans: The nature is the same as penalty interest, and it is a punitive measure against the party who defaults on the contract.

(6) Formulation and filing of interest calculation methods

The interest calculation and settlement rules and interest calculation methods for deposits and loans formulated by national commercial banks shall be reported to the Head Office of the People's Bank of China Register and notify customers; regional commercial banks and urban credit cooperatives shall report to branches of the People's Bank of China and central branches in provincial (capital) cities for registration and notify customers.

County cooperative legal persons of rural credit cooperatives can formulate interest calculation and settlement rules and interest calculation methods for deposit and loan business based on the actual situation of rural credit cooperatives in the county, and report them to the branch of the People's Bank of China and the provincial capital city center The branch shall file the record, and the rural credit cooperative legal person shall notify the customer.