The deposit interest rate of individual housing provident fund collected in that year was raised by 0.04 percentage points, from 0.36% to 0.40%; The deposit interest rate of individual housing provident fund carried forward from the previous year was raised by 0.35 percentage points, from 2.25% to 2.60%.
The interest rate of individual housing provident fund loans for more than five years was raised by 0.20 percentage points, from 4.30% to 4.50%; The interest rate of individual housing provident fund loans with a term of less than five years (including five years) was raised by 0.25 percentage points, from 3.75% to 4.00%.
We will carry out the pilot work of using housing provident fund loans to support the construction of urban affordable housing, and the loan interest rate will rise by 10% according to the personal housing provident fund loan interest rate for more than five years.
It is worth noting that the Ministry of Housing and Urban-Rural Development also made it clear for the first time that in cities that use housing provident fund loans to support the construction of affordable housing, the loan interest rate will rise by 10% according to the loan interest rate of individual housing provident fund for more than five years. However, since Guangzhou has not yet used provident fund to support the construction of affordable housing, the interest rate of provident fund loans in Guangzhou will not rise 10% for the time being.
20-year loan of 800,000 yuan
Will pay an extra 20 thousand yuan
Take the 20-year provident fund housing loan of 800,000 as an example. Before the interest rate increase, the monthly payment was 4,975.24 yuan, and after the interest rate increase, the monthly payment was 506 1.20 yuan, an increase of 85.96 yuan. The total principal and interest of this provident fund loan before the interest rate hike is 1 194056.9 yuan, and the total repayment after the interest rate hike is 12 14686.8 yuan, an increase of 20629.9 yuan.