Although there is no obvious upward trend of housing prices in China, ordinary people are still under pressure, so buying a house will require loans, but the interest of ordinary commercial loans is also relatively high, while the interest of provident fund loans will be lower. How much is the interest on the provident fund loan in Malaysia?
1. What is the interest on the provident fund loan?
1.20 15 years1October 24, the adjustment of the interest rate of provident fund loans was implemented. The annual interest rate of provident fund loans for more than five years is 3.25%, and the monthly interest rate is 3.25% divided by 12. The annual interest rate of provident fund loans for less than 5 years is 2.75%. Later, the central bank adjusted the benchmark interest rate of provident fund loans. The annual interest rate of provident fund loans for more than five years is 4%, and the annual interest rate of provident fund loans for less than five years including five years is 3.5%.
2. Matching principal and interest repayment method The calculation method of provident fund loan interest is as follows:
① Monthly loan amount = [loan principal * monthly interest rate *( 1+ monthly interest rate) repayment months ]/[( 1+ monthly interest rate) repayment months]
② Monthly repayment interest of provident fund loan = loan principal * monthly interest rate *[( 1+ monthly interest rate) repayment months -( 1+ monthly interest rate) (repayment month serial number-1)] [(1+monthly interest rate)-repayment months.
③ Monthly repayment principal of provident fund loan = loan principal * monthly interest rate *( 1+ monthly interest rate) (monthly repayment serial number-1)/[( 1+ monthly interest rate) repayment months-1]
④ Total interest = repayment months * monthly repayment amount-loan principal
3. The calculation of the loanable amount of the provident fund needs to be determined according to the repayment ability, real estate price, the maximum loan amount and the balance of the housing provident fund account. The minimum value calculated by combining these four conditions is the maximum loanable amount:
① Calculation of loan capacity: loan amount = [(total monthly salary of borrower or spouse+monthly contribution of housing accumulation fund of borrower or spouse's work unit) * repayment capacity coefficient 40%- monthly repayment amount of existing loan of borrower or spouse ]* 12 (month) * loan period. Total monthly salary = monthly contribution of provident fund/(unit contribution ratio+individual contribution ratio)
② Calculation of house price: loan amount = house price * loan ratio.
③ Calculation of the maximum loan amount: If only individuals have paid the provident fund, the maximum loan amount is 500,000 yuan. If you and your spouse deposit the provident fund at the same time, the maximum loan amount is 700,000 yuan.
④ Calculation of the balance of the provident fund account: the loan amount of the provident fund = the balance of the provident fund account between the borrower and the borrower *20.
Bian Xiao concluded: The above is the article that Bian Xiao shared for you today. How much is the interest on the provident fund loan? I hope the article shared by Bian Xiao can help everyone.
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