If the income is not high, put the loan time longer. Suppose the loan is 65,438+00 years. At present, the annual interest rate of provident fund loans for more than five years is 3.25%. The average capital method needs to repay the principal of 2500 yuan per month, and the interest payable in the first month is 8 12.5 yuan, totaling 33 12.5 yuan. With the reduction of principal, the monthly interest will be less in the future.
If the local provident fund center has started the loan repayment business (that is, the loan is directly deducted from the employee's personal provident fund account every month), it can be agreed to withdraw 1000- 1500 yuan from the provident fund account every month, so that about 2,000 yuan will be used for repayment.
If the income is higher, the loan period should be shorter, such as five years (note: don't choose six years or seven years, because the annual interest rate of loans within five years is 2.75%. If the loan period is six years, the future prepayment will also be calculated according to the loan interest rate of more than five years). The principal needs to be repaid 5000 yuan every month, and the interest in the first month is 687.5 yuan, totaling 5687.5 yuan (same as above). If you can "repay the loan", you will withdraw 1500-2000 yuan from the provident fund every month.
In addition, provident fund loans can be repaid in advance at any time. That is to say, you can pay back part of it in advance, or you can pay it off in full in advance. When a part of the loan is repaid in advance, the bank will pay interest on the remaining outstanding loans; If the interest is paid off in full in advance, the date on which the interest is paid off shall be the calculation date.