Housing provident fund loan calculator

What is the housing provident fund loan calculator? Simply put, the provident fund loan calculator is to calculate the amount that needs to be repaid every month under the provident fund loan method, that is, the principal and interest, the total interest that needs to be paid, and so on. There are generally three calculation methods: average capital repayment method, matching principal and interest repayment method and free repayment method. The housing provident fund loan calculator should note that the provident fund loan amount refers to the maximum loan amount that individuals can apply for when using provident fund loans. Only employees who have permanent residence in local towns, have established the housing provident fund system for more than 2 years, and pay the housing provident fund according to the regulations can enjoy the provident fund loan when the funds for purchasing or building houses or renovating or overhauling their own houses are insufficient. Regarding the housing provident fund loan calculator, Bian Xiao also collated relevant information. Next, let's take a look at the relevant contents of the housing provident fund loan calculator.

Calculation method of housing provident fund loan calculator

There are these provisions in the housing provident fund loan calculator. If an employee purchases the first house with a family loan, and the construction area of the house purchased is less than 90 square meters, he shall pay a down payment of not less than 20% of the price of the house purchased. The loan amount is not higher than 80% of the purchased housing price; If the construction area of the purchased house exceeds 90 square meters, a down payment of not less than 30% of the purchased house price shall be paid, and the loan amount shall not be higher than 70% of the purchased house price. Housing provident fund loan calculator also has these contents. Average capital generally means that the total amount of loans can be divided equally during the repayment period, and the same amount of principal and interest generated by the remaining loans in that month can be repaid every month, so that the repayment amount generated every month is fixed and the interest will be less and less, and the lender will have greater repayment pressure at first, but with the passage of time, the monthly repayment amount will be less and less.

Housing provident fund loan calculator has new regulations. The calculation formula of loans in average capital is: monthly repayment amount = (loan principal/repayment months)+(principal-accumulated repayment principal) × monthly interest rate. Housing provident fund loan calculator also has these contents. Matching principal and interest generally refers to a way to buy a house and repay the loan. Generally, during the repayment period, the same amount of loans, including principal and interest, will be repaid every month. The housing provident fund loan calculator also stipulates that the calculation formula of monthly repayment amount is: [loan principal × monthly interest rate ×( 1+ monthly interest rate )× repayment months ]≤[( 1+ monthly interest rate )× repayment months]. There are also free repayment methods in the housing provident fund loan calculator. Free repayment means that when you apply for a housing provident fund loan, the housing provident fund management center can give a minimum repayment amount according to your loan amount and term, so that the monthly repayment amount will not be lower than this minimum repayment amount, and you can freely arrange the repayment method of the monthly repayment amount according to your own economic situation.

What should be paid attention to in the calculation of housing provident fund loans

These provisions are also included in the housing provident fund loan calculator. The benchmark interest rate is generally implemented for the first-home provident fund loan, and the benchmark interest rate is generally implemented for the second-home provident fund loan, and the interest rate can rise by 10%. These provisions are also included in the housing provident fund loan calculator. If it is five years or less, the annual interest rate is generally 2.75%. If it is more than five years, the annual interest rate of the loan is generally 3.25%. Buying a house with provident fund loan can be 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? 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. If you apply for partial repayment in advance, the minimum repayment amount is generally 1 10,000 yuan each time, and it cannot be less than the loan principal and interest for 65,438+02 months, and it is repaid once a year. The above is the content of the housing provident fund loan calculator, hoping to help everyone.