The provident fund calculator is used to calculate the monthly repayment amount (principal and interest) and the total interest to be paid under the provident fund loan model. There are three calculation methods: equal principal repayment, equal principal and interest repayment and free repayment.
First, the calculation method
1. Repayment by average capital
Average capital refers to a repayment method in which the total loan amount is divided into equal parts during the repayment period and the remaining loan is repaid with equal principal and interest every month. In this way, the monthly repayment amount is fixed and the interest is getting less and less. At first, the lender was under great pressure, but as time went on, the monthly repayment amount became less and less. Calculation formula of average capital loan:
Monthly repayment amount = (loan principal/repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.
2. Equal repayment of principal and interest
Matching principal and interest refers to a repayment method of housing loans, that is, the same amount of loans (including principal and interest) are repaid every month during the repayment period. The monthly repayment amount is calculated as follows: [loan principal × monthly interest rate ×( 1 interest rate) repayment months] ÷ repayment months [( 1 interest rate) repayment months-1].
3. Free repayment method
Free repayment means that when you apply for a housing provident fund loan, the housing provident fund management center gives a minimum repayment amount according to your loan amount and term. In the future, on the premise that the monthly repayment amount is not lower than this minimum repayment amount, you can freely arrange the repayment method of the monthly repayment amount according to your own economic situation.
Second, the loan interest rate.
The benchmark interest rate is generally implemented for the first-home provident fund loan, and the benchmark interest rate for the second-home provident fund loan rises by 10%. The following is the latest benchmark interest rate for provident fund loans (implemented after August 26th, 20 15):
Annual interest rate of 5 years or less: 2.75%
Annual interest rate of loans with a term of more than 5 years: 3.25%
Three. Loan repayment instructions
Provident fund is highly sought after by the majority of lenders because of its low loan interest rate and convenient loan procedures. After buying a house with a provident fund loan, how to repay the loan in advance is a knowledge that many people need to know. There are two ways to repay the loan in advance from the provident fund: full prepayment and partial prepayment:
Borrowers who have issued personal housing provident fund loans and whose loans have not yet expired may use self-raised funds to repay the loan principal in advance. The borrower must repay the loan normally for more than one year before applying for prepayment. Among them, if you apply for partial repayment in advance, the minimum repayment amount for each installment shall be 10000 yuan, which shall not be less than the loan principal and interest of 12 months, and the repayment shall be made at regular intervals.
In addition, borrowers who have paid back normally for more than one year can also withdraw the balance in the housing provident fund account for partial or full repayment, but only once.
Provident fund loan calculator?
/kloc-the interest rate of provident fund loans in October/October is 3.25% according to the interest rate of provident fund loans for more than five years. Article 26 of the Regulations on the Management of Housing Provident Fund stipulates that employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.
What is the amount of provident fund loan? Provident fund loan amount calculator
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The minimum down payment ratio of the first suite is 20%; For employees who own 1 set of ordinary self-occupied housing (the housing area does not exceed 120 square meters) and have settled the corresponding housing loans, they will apply for housing provident fund loans again, and the minimum down payment ratio will be reduced from 30% to 20%. The maximum loan amount of Changsha provident fund is 600,000.
Changsha provident fund loan amount calculation formula:
Provident fund loan amount = (monthly deposit of housing provident fund × 12× future personal account balance of housing provident fund )× 2, which is only a reference value calculated by this formula. The final loan amount should be comprehensively evaluated by the loan management department according to the monthly deposit amount, deposit period, purchase situation, family income, credit information, etc. The final loan amount can only be known after the loan information is handed over to the loan management department. The maximum loan amount does not exceed 600,000.
The monthly deposit of housing provident fund is the monthly deposit of employees plus the monthly deposit of units. The future deposit period is calculated by subtracting the current age from the retirement age. At present, the retirement age in Changsha is calculated according to the age of 60 for male employees and 50 for female employees.
Hope to adopt, thank you.
Calculation formula of Guiyang provident fund loan amount (with loan amount calculator)
I. Calculation formula of personal housing loan amount of Guiyang housing provident fund
Since 1, April, 20265438, the personal housing calculation formula of Guiyang housing provident fund has been adjusted to: loan amount of housing provident fund = monthly deposit base of loan employees (couples) × 12× repayment ability coefficient (30%)× loan years × deposit balance of loan employees (couples) ×5.
Two, Guiyang city housing provident fund application conditions
Workers who pay housing provident fund can apply for housing provident fund loans if they buy, build, renovate or overhaul their own houses in this city.
To apply for housing provident fund loans, the following conditions shall be met:
(a) the continuous deposit of housing provident fund has reached the statutory time limit;
(2) Having full capacity for civil conduct;
(3) Having the ability to repay the principal and interest of the loan;
(4) Having a good credit record;
(5) Having a house purchase contract or other approval documents that meet the relevant laws and guarantee conditions;
(6) The down payment for house purchase shall not be less than the payable amount calculated according to laws and regulations;
(seven) other conditions determined by the Municipal Provident Fund Management Committee.
Employees who apply for housing provident fund loans shall go through the loan procedures at the city provident fund center in accordance with the norms.
The municipal provident fund center shall make a decision on whether to grant the loan within 15 days from the date of accepting the loan application. If the loan is granted, the entrusted bank shall handle the loan formalities; If the loan is not granted, the reasons shall be explained to the applicant.
Provident fund prepayment calculator
The provident fund loan calculator is used to calculate the monthly repayment amount (principal and interest) and the total interest to be paid under the provident fund loan method. There are three calculation methods: equal principal repayment, equal principal and interest repayment and free repayment.
First, the calculation method
1, equal principal repayment
Average capital refers to a repayment method in which the total loan amount is divided into equal parts during the repayment period, and the same amount of principal and interest generated by the remaining loans in the current month are repaid every month. Because the monthly repayment amount is fixed and the interest is getting less and less, the lender is under great pressure to repay at first, but with the passage of time, the monthly repayment amount is getting less and less. Calculation formula of average capital loan:
Monthly repayment amount = (loan principal/repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.
2. Equal repayment of principal and interest
Matching principal and interest refers to a repayment method of housing loans, that is, repaying the same amount of loans (including principal and interest) every month during the repayment period. The calculation formula of monthly repayment amount is as follows: [loan principal × monthly interest rate ×( 1 interest rate )× repayment months] ÷ monthly repayment amount [( 1 interest rate )× repayment months]
3. Free repayment method
Free repayment means that when you apply for a housing provident fund loan, the housing provident fund management center will give you a minimum repayment amount according to the loan amount and term. In the future, on the premise that the monthly repayment amount is not lower than this minimum repayment amount, you can freely arrange the repayment method of the monthly repayment amount according to your own economic situation.
Second, the loan interest rate.
The benchmark interest rate is generally implemented for the first-home provident fund loan, and the benchmark interest rate for the second-home provident fund loan rises by 10%. The following is the latest benchmark interest rate for provident fund loans (implemented after 2065,438+05-8-26):
Annual interest rate for 5 years and below: 2.75%
Annual interest rate of loans with a term of more than 5 years: 3.25%
Third, the repayment instructions
Provident fund loan to buy a house has been sought after by the majority of lenders because of its low loan interest rate and convenient loan procedures. After using provident fund loans to buy a house, how to repay the loan in advance is a knowledge that many people need to know. There are two ways of prepayment: full prepayment and partial prepayment:
Borrowers who have issued personal housing provident fund loans and whose loans have not yet expired may use self-raised funds to repay the loan principal in advance. The borrower must repay the loan normally for more than one year before applying for prepayment. Among them, the application for partial repayment in advance, the minimum repayment amount is 10000 yuan each time, and shall not be less than the loan principal and interest amount 12 months, and shall be repaid once a year.
In addition, borrowers who have paid back normally for more than one year can also withdraw the balance in the housing provident fund account for partial or full repayment, but only once.
Detailed calculation method of provident fund loan calculator
abstract:
The provident fund loan calculator is used to calculate the monthly repayment amount and interest under the provident fund loan method. Different repayment methods have different calculation formulas, mainly including equal principal repayment, equal principal repayment and free repayment. Let's take a closer look.
Provident fund loan calculator-calculation method:
Equal principal repayment:
Average capital refers to a repayment method in which the total loan amount is divided into equal parts during the repayment period, and the same amount of principal and interest generated by the remaining loans in the current month are repaid every month. Because the monthly repayment amount is fixed and the interest is getting less and less, the lender is under great pressure to repay at first, but with the passage of time, the monthly repayment amount is getting less and less. Calculation formula of average capital loan: monthly repayment amount = (loan principal/repayment months) (repaid principal) × monthly interest rate.
Matching principal and interest repayment:
Matching principal and interest refers to a repayment method of housing loans, that is, repaying the same amount of loans (including principal and interest) every month during the repayment period. The calculation formula of monthly repayment amount is as follows: [loan principal × monthly interest rate ×( 1 interest rate )× repayment months] ÷ monthly repayment amount [( 1 interest rate )× repayment months]
Free repayment method:
Free repayment means that when you apply for a housing provident fund loan, the housing provident fund management center will give you a minimum repayment amount according to the loan amount and term. In the future, on the premise that the monthly repayment amount is not lower than this minimum repayment amount, you can freely arrange the repayment method of the monthly repayment amount according to your own economic situation.
Provident fund loan calculator-loan interest rate:
The benchmark interest rate is generally implemented for the first-home provident fund loan, and the benchmark interest rate for the second-home provident fund loan rises by 10%. The following is the latest benchmark interest rate for provident fund loans (implemented after 20 12-6-8):
Annual interest rate for 5 years or less: 4.2%
Annual interest rate of loans with a term of more than 5 years: 4.7%
Borrowers who have issued personal housing provident fund loans and whose loans have not yet expired may use self-raised funds to repay the loan principal in advance. The borrower must repay the loan normally for more than one year before applying for prepayment. Among them, the application for partial repayment in advance, the minimum repayment amount is 10000 yuan each time, and shall not be less than the loan principal and interest amount 12 months, and shall be repaid once a year.
In addition, borrowers who have paid back normally for more than one year can also withdraw the balance in the housing provident fund account for partial or full repayment, but only once.
Summary:
I believe you have understood the provident fund loan calculator. There are two ways to repay the loan in advance: full prepayment and partial prepayment. Because of its low loan interest rate and convenient loan procedures, it has been deeply loved by the majority of buyers. After using provident fund loans to buy a house, how to repay the loan in advance is a knowledge that many people need to know.
(The above answers were published on 20 14-07- 18. Please refer to the actual situation for the current purchase policy. )
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This is the launch of the first home provident fund loan calculator and the end of the calculation of the first home provident fund loan in 2020. I wonder if you found the information you need from it?