Provident fund calculator loan

Provident fund repayment formula calculator

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.

Calculation method of loan amount of Zhengzhou provident fund and minimum standard of provident fund

The calculation of provident fund loan should be determined according to four conditions: repayment ability, proportion of house price, balance of housing provident fund account and maximum loan amount, among which the minimum value calculated by the four conditions is the maximum loanable amount of the lender. So how is the loan amount of Zhengzhou provident fund calculated, and what is the minimum standard of Zhengzhou provident fund loan? In this article, I will introduce you to the relevant knowledge about the calculation and distribution of Zhengzhou provident fund loan amount.

Employees who plan to apply for housing provident fund loans can calculate their loan amount according to the new policy according to the following steps:

(a) through the housing provident fund website, 12329 customer service telephone or service hall window to inquire about the deposit information of myself and my spouse, and calculate the sum of the balance of both husband and wife's accounts and my deposit period.

(2) Calculate the loanable amount with the formula: loan amount = deposit account balance ×( 14-year deposit). If the calculation result is greater than the corresponding maximum loan limit (choose 400,000 yuan or 600,000 yuan according to the deposit situation), the maximum loanable amount is 400,000 yuan or 600,000 yuan; If the calculation result is less than or equal to the maximum loan limit, the maximum loanable amount is the calculation result.

(3) After the loan amount is determined, choose the repayment method and the longest loan period, and use the calculator provided by the housing provident fund website to calculate the monthly repayment amount. If the monthly payment is less than 60% of the couple's income, the corresponding loan amount is the final loanable amount, otherwise the loan amount should be appropriately reduced. The income of husband and wife must also be the monthly income approved when the housing provident fund is paid.

If you can't calculate the loan amount, you can call 12329 customer service for help.

I. Calculation of the loan amount of Zhengzhou Provident Fund

(a) through the housing provident fund website, 12329 customer service telephone or service hall window to inquire about the deposit information of myself and my spouse, and calculate the sum of the balance of both husband and wife's accounts and my deposit period.

(2) Calculate the loanable amount with the formula: loan amount = deposit account balance ×( 14-year deposit). If the calculation result is greater than the corresponding maximum loan limit (choose 400,000 yuan or 600,000 yuan according to the deposit situation), the maximum loanable amount is 400,000 yuan or 600,000 yuan; If the calculation result is less than or equal to the maximum loan limit, the maximum loanable amount is the calculation result.

(3) After the loan amount is determined, choose the repayment method and the longest loan period, and use the calculator provided by the housing provident fund website to calculate the monthly repayment amount. If the monthly payment is less than 60% of the couple's income, the corresponding loan amount is the final loanable amount, otherwise the loan amount should be appropriately reduced. The income of husband and wife must also be the monthly income approved when the housing provident fund is paid.

Second, the legal basis

Provisions on the administration of RMB interest rate

Chapter I General Provisions

Article 1 In order to give full play to the regulatory role of interest rate leverage on the national economy, strengthen interest rate management, maintain normal financial order and create a fair and orderly competitive environment, these Provisions are formulated in accordance with the Law of the People's Republic of China on the People's Bank of China, the Law of People's Republic of China (PRC) Commercial Bank and other relevant laws and regulations.

Article 2 All financial institutions, postal savings departments, other legal persons, natural persons and other organizations engaged in RMB deposit and loan business in People's Republic of China (PRC) (excluding Hongkong, Macau and Taiwan Province Province) shall abide by these Provisions.

Article 3 The People's Bank of China is the competent interest rate authority authorized by the State Council, which exercises the interest rate management right on behalf of the state according to law, and no other unit or individual may interfere.

Article 4 The interest rate set by the People's Bank of China is the legal interest rate. The legal interest rate has legal effect, and no other unit or individual has the right to change it.

Provident fund loan amount calculator, calculation formula

As there are differences in policies and requirements of individual housing provident fund loans in housing provident fund management centers around the country, if you need to know the relevant calculation formula of provident fund loans, please consult the provident fund management center or the local business outlets of BOC in detail.

The above contents are for your reference. Please refer to the actual business regulations.

What is the calculation formula of Zhengzhou provident fund loan amount?

What is the calculation formula of Zhengzhou provident fund loan amount?

Housing accumulation fund refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees. The following is the relevant content of the calculation formula of Zhengzhou provident fund loan amount for everyone. I hope you like this article!

What is the calculation formula of Zhengzhou provident fund loan amount?

(a) through the housing provident fund website, 12329 customer service telephone or service hall window to inquire about the deposit information of myself and my spouse, and calculate the sum of the balance of both husband and wife's accounts and my deposit period.

(2) Calculate the loanable amount with the formula: loan amount = deposit account balance ×( 14-year deposit). If the calculation result is greater than the corresponding maximum loan limit (choose 400,000 yuan or 600,000 yuan according to the deposit situation), the maximum loanable amount is 400,000 yuan or 600,000 yuan; If the calculation result is less than or equal to the maximum loan limit, the maximum loanable amount is the calculation result.

(3) After the loan amount is determined, choose the repayment method and the longest loan period, and use the calculator provided by the housing provident fund website to calculate the monthly repayment amount. If the monthly payment is less than 60% of the couple's income, the corresponding loan amount is the final loanable amount, otherwise the loan amount should be appropriately reduced. The income of husband and wife must also be the monthly income approved when the housing provident fund is paid.

If you can't calculate the loan amount, you can call 12329 customer service for help.

How much can Zhengzhou provident fund borrow?

For urban loans, the borrower's unilateral deposit status meets the conditions of Zhengzhou housing provident fund loans, and the maximum single loan amount does not exceed 400,000 yuan. The deposit of both husband and wife also meets the conditions of Zhengzhou housing provident fund loan, and the maximum single loan amount does not exceed 600,000 yuan. In the street sub-centers and county (city) management departments, the maximum loan limit is 400,000 yuan.

Determination of loan amount

1. Use the housing provident fund loan to purchase the first family home, and the purchased property is an auction house. The loan amount shall not be higher than 80% of the total price of the purchased property; If the purchased house is a second-hand house, the loan amount shall not be higher than 60% of the total price of the purchased house.

2, the use of housing provident fund loans to buy a second family housing, the loan amount shall not be higher than 70% of the total price of the purchased property; For families who have purchased the third and above houses, families who have used provident fund loans twice or whose previous provident fund loans have not been settled, they will not apply for housing provident fund loans temporarily.

3. For urban loans, the borrower's unilateral deposit status meets the conditions of Zhengzhou housing provident fund loans, and the maximum single loan amount does not exceed 400,000 yuan. The deposit of both husband and wife also meets the conditions of Zhengzhou housing provident fund loan, and the maximum single loan amount does not exceed 600,000 yuan. In the street sub-centers and county (city) management departments, the maximum loan limit is 400,000 yuan.

4. The specific loan amount shall be determined by referring to the above provisions and considering the age of the borrower and the deposit situation of both husband and wife.

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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.

Zhengzhou provident fund loan amount

On February 4th, 65438, official website, Zhengzhou Housing Provident Fund Management Center, sent a message, which was discussed and approved by the 43rd meeting of Zhengzhou Housing Provident Fund Management Committee, and the loan amount of Zhengzhou Housing Provident Fund will be comprehensively increased in 2020.

Adjustment of loan amount of Zhengzhou housing provident fund in 2020;

According to the New Deal, employees who bought houses in June 2020 at 65438+ 10 1 can sign contracts for the record according to the new loan amount. That is, if both husband and wife of the borrower meet the conditions for provident fund loans and the family applies for provident fund loans for the first time, the maximum loan amount will be raised from 600,000 yuan to 800,000 yuan. If the borrower unilaterally meets the conditions for provident fund loans or the family applies for provident fund loans for the second time, the maximum loan amount will be raised from 400,000 yuan to 600,000 yuan.

Calculation method of loan amount of Zhengzhou housing provident fund;

(a) through the housing provident fund website, 12329 customer service telephone or service hall window to inquire about the deposit information of myself and my spouse, and calculate the sum of the balance of both husband and wife's accounts and my deposit period.

(2) Calculate the loanable amount with the formula: loan amount = deposit account balance ×( 14-year deposit). If the calculation result is greater than the corresponding maximum loan limit (choose 400,000 yuan or 600,000 yuan according to the deposit situation), the maximum loanable amount is 400,000 yuan or 600,000 yuan; If the calculation result is less than or equal to the maximum loan limit, the maximum loanable amount is the calculation result.

(3) After the loan amount is determined, choose the repayment method and the longest loan period, and use the calculator provided by the housing provident fund website to calculate the monthly repayment amount. If the monthly payment is less than 60% of the couple's income, the corresponding loan amount is the final loanable amount, otherwise the loan amount should be appropriately reduced. The income of husband and wife must also be the monthly income approved when the housing provident fund is paid.