The total loan amount is 500,000, and the 30 years is 360 natural months (a natural month refers to the 1st of each month to the last day of the month). The monthly repayment is 353.37 yuan.

Loan is a form of credit activity in which banks or other financial institutions lend monetary funds according to certain interest rates and must be returned. Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts. Banks invest their concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

The Shanghai headquarters of the central bank stated that according to a joint document issued by the Ministry of Housing and Urban-Rural Development, the central bank and the China Banking Regulatory Commission in May 2010, the second home identification standard for commercial personal housing loans is based on the household. , recognize the house and subscribe for the loan. All banks still strictly implement this regulation. However, the central bank also stated that each bank can consider granting loans based on its own credit line and capital tightness, and the specific details are left to the banks themselves. In addition, families who had already paid to have their children's names removed from their property deeds before Friday's new rules need not be particularly upset. Because of this, the children will be eligible for bank loans when purchasing the marital home.

In addition to using their savings over the years, residents generally first apply for a personal housing provident fund loan for the insufficient funds to purchase a house, and then apply for a personal housing mortgage loan from a bank for the remaining insufficient funds. This kind of personal housing provident fund loan is used with "Combined loans" that combine banks' personal housing mortgage loans have become the most common loan method for home purchases. Because it is more realistic and reasonable. After all, the amount of personal housing provident funds that each household can borrow is not very large. If all loans are taken from banks, the interest burden will be too heavy.

Personal housing provident fund loans are policy-based personal housing loans and have a certain nature of policy subsidies. As long as the individual's unit has established a housing provident fund and paid the provident fund on time, he or she has the right to apply for a loan. Its maximum The advantage is low interest rates. Moreover, the larger the loan amount and the longer the term, the more significant the interest rate spread will be.