How to use Tianjin provident fund loan 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.

How to inquire about the progress of Tianjin provident fund loan?

Housing provident fund loan inquiry method:

After most banks open online banking for their monthly payment cards, they can find mortgage repayment records and loan balances on online banking;

Through the telephone banking 955 service hotline, through the bank's manual customer service inquiry;

Inquire about personal credit reporting institutions, print personal credit reporting, and the credit reporting will also show the mortgage balance.

With my ID card, go to the personal loan center where the bank issues loans to find the account manager to inquire;

If you clearly know the time of interest rate adjustment and the interest rate you are implementing in the current period, you can also set up a professional loan calculator to calculate the monthly payment yourself.

Housing accumulation fund loan interest calculator

You can try to calculate it through our loan calculator. Log in to the lower right of China Merchants Bank official website and find the "Financial Calculator"-"Personal Loan Calculator" for calculation. (You can view information such as monthly payment, monthly principal, monthly interest, principal balance, total interest and total repayment).