1. The most suitable housing provident fund loan years for a 300,000 loan loan
The most suitable housing provident fund loan years for a 300,000 loan loan are related to the individual's repayment ability.
Based on the current bank’s benchmark interest rate, a loan of RMB 300,000, a mortgage of 10 or 20 years, and a provident fund loan, the monthly payment is as follows:
10-year equal principal and interest repayment method:
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Total loan amount
300000.00
yuan
Number of repayment months
120
months
Monthly repayment
2966.58
yuan
2. How many years are suitable for provident fund loans! ! ! ! What way!
The maximum term of provident fund loans shall not exceed
Conditions for provident fund loans:
Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees under the housing provident fund system cannot apply for housing
Those who participate in the housing provident fund system must apply for a housing provident fund personal home purchase loan and must make continuous deposits before taking out the loan
The housing provident fund period shall not be less than six months. Because if the employee's behavior of paying housing provident fund is abnormal and intermittent, it means that he
is prone to risks after taking out a loan;
if one spouse applies for a housing provident fund loan, the Before the principal and interest of the loan are repaid, neither spouse can obtain a housing provident fund loan
. Because, the housing provident fund loan is to meet the housing financial support of employee families and is a kind of "housing security
financial support;
When applying for a housing provident fund loan, the loan applicant must have In addition to relatively stable economic income and the ability to repay loans, there are no other large debts that have not yet been paid off that may affect the ability to repay housing provident fund loans. When employees are burdened with other debts, then
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Providing housing insurance is a big deal and goes against the principle of safe operation of the housing provident fund;
The maximum loan term for a provident fund loan must not exceed 30 years. /p>
Concord.
3. How many years are provident fund loans more cost-effective?
This question cannot be generalized and must be discussed based on the different incomes and financial conditions of the house buyers. If the borrower's income is stable and relatively high, it is suitable to choose a short-term loan. The shorter the period, the lower the interest rate. For people with high income who are only for temporary turnover, this can save a lot of mortgage interest but their income is unstable or unstable. For low-income people, taking into account their own income issues, it is more cost-effective to extend the term. For specific situations, we will calculate the loan based on the loan base interest rate (6.55) and the equal principal and interest repayment method. If the borrower chooses 20. If you pay it off in 10 years, you will need to repay 2,245.56 yuan per month, and the total interest will be 238,934.18 yuan; if you choose to pay it off in 10 years, you will need to repay 3,414.08 yuan per month, and the total interest will be 109,689.16 yuan. According to the above calculation results, it can be seen that the period is: A 10-year mortgage will pay 1,168.52 yuan less per month than a 20-year mortgage, and the total interest expense will be 129,245.02 yuan less. In other words, the longer the loan term, the lower the monthly payment, but the total interest expense will be higher; the longer the loan term, the lower the monthly payment will be. Shorter, the higher the monthly payment, the lower the total interest expense. Therefore, for high-income people, the shorter the loan is, the better. For low-income people, longer repayment time is more beneficial. Guarantee the quality of life.
Extended information: 1. Housing provident fund loans to buy a house: For residents who have participated in paying the housing provident fund, housing provident fund low-interest loans should be the first choice when purchasing a house. Housing provident fund loans have policy subsidies. In nature, the loan interest rate is very low, not only lower than the commercial bank loan interest rate in the same period (only half of the commercial bank mortgage loan interest rate), but also lower than the commercial bank deposit interest rate in the same period. That is to say, between the housing provident fund mortgage loan interest rate and the bank deposit interest rate There is a spread between interest rates.
At the same time, the fees for purchasing a house with housing provident fund loans are halved when handling mortgage and insurance and other related procedures. 2. Personal housing commercial loans to buy a house: The above two loan methods are limited to employees of units who have paid housing provident funds, and there are many restrictions. Therefore, people who have not paid housing provident funds are not eligible to apply for loans, but they can apply for personal housing guaranteed loans from commercial banks. , that is, bank mortgage loans. As long as the balance of your deposit in the lending bank accounts for no less than 30% of the funds required to purchase a house, and you use this as the down payment for purchasing a house, and you have assets recognized by the lending bank as mortgage or pledge, or a unit with sufficient repayment capacity Or if an individual acts as a guarantor to repay the principal and interest of the loan and assumes joint and several liability, then he or she can apply for a bank mortgage loan to buy a house. 3. Personal housing portfolio loan to buy a house: The maximum limit of provident fund loans that can be issued by the housing provident fund management center is generally 100,000 to 290,000 yuan. If the purchase price exceeds this limit, you must apply for a commercial housing loan from the bank for the shortfall. Together, these two loans are called a portfolio loan. This business can be handled uniformly by the real estate credit department of a bank. Portfolio loans have moderate interest rates and larger loan amounts, so they are more popular among home buyers. Personally, I suggest that no matter what the situation, it is best not to exceed 20 years. Some families even take loans for 30 years. In this way, under seemingly pressure, they actually pay too much interest, and they will always be mentally concerned about the loan, and the quality of life may even decline.
4. How many years are suitable for a provident fund loan!!!! What method!
This needs to be determined based on your income. A reasonable approach is that the monthly repayment amount should not exceed your or one-third of the family. With this foundation in mind, use the mortgage loan calculator to determine the specific number of years. Banks generally set loan terms based on levels of 5, 10, 15, 20, 25, and 30.
If you use a provident fund loan, it is best to use the equal principal and interest method, that is, repay the same amount every month, because the interest rate of a provident fund loan is lower than that of a commercial loan, and the initial repayment amount is also lower than the equal principal method.