How to calculate the interest on provident fund loans? I believe many buyers or prospective buyers are confused about this. The interest calculation of provident fund is not very complicated. Knowing the calculation method of interest, you can clearly know which of your expenses are principal and which are interest, and you can also work out the most suitable loan method according to these. Today, I would like to share with you the formula for calculating the interest of provident fund loans. Calculation of housing provident fund loan interest;

(1) The interest rate conversion formula for RMB business is (note: general deposits and loans) 1. Daily interest rate (0/000)= annual interest rate (%)÷360= monthly interest rate (‰)÷302. Monthly interest rate (‰) = annual interest rate (%) ÷ 65438.

(two) banks can use the product interest method and the transaction interest method to calculate interest. The product interest method is to accumulate the account balance every day according to the actual number of days and multiply the accumulated products by the daily interest rate to calculate interest. The interest-bearing formula is: interest = accumulated interest-bearing products × daily interest rate, where accumulated interest-bearing products = total daily balance. 2. Transaction-by-transaction interest calculation method calculates interest one by one according to the predetermined interest calculation formula: interest = principal × interest rate × loan term. There are three specific methods: if the interest period is a whole year (month), the interest formula is:

(1) interest = principal × year (month )× year (month) interest rate If the interest period has a fraction of the whole year (month) and days, the interest formula is:

② Interest = principal × year (month) × year (month) interest rate principal × odd days × daily interest rate. At the same time, banks can choose to convert all interest-bearing periods into actual days to calculate interest, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar of the current month. The interest-bearing formula is:

(3) Interest = principal × actual days × daily interest rate. These three formulas are essentially the same, but because the interest rate conversion is only 360 days a year, when calculating the actual daily interest rate, it will be calculated as 365 days a year, and the result will be slightly biased. Which formula is used specifically, the central bank gives financial institutions the right to choose independently. Therefore, the parties and financial institutions can agree on this in the contract.

(3) compound interest, that is, interest is charged at a certain interest rate. According to the regulations of the central bank, if the borrower fails to repay the interest at the time agreed in the contract, it will be charged with compound interest.

(4) Penalty interest If the lender fails to repay the bank loan within the prescribed time limit, the penalty interest paid by the bank to the defaulter according to the contract signed with the parties is called penalty interest.

(5) The nature of the liquidated damages in loans overdue is the same as the penalty interest, and the penalty measures for the defaulting party.

(6) Formulating and filing the interest-bearing settlement rules and methods for deposit and loan business formulated by national commercial banks as legal persons, and reporting them to the head office of China People's Bank for filing and notifying customers; Regional commercial banks and urban credit cooperatives should be reported to the branches of the People's Bank of China and the central branch of the provincial capital for the record, and inform customers.

The relevant legal basis of this article.

Article 680 of the Civil Code prohibits high-interest lending, and the lending rate shall not violate the relevant provisions of the state. If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest. If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as interest-free. Provisions of the Supreme People's Government on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases Article 25 If a lender requires the borrower to pay interest at the interest rate agreed in the contract, the people shall support it, except that the interest rate agreed by both parties exceeds four times the market rate of one-year loan when the contract is established. The "one-year loan market quotation" mentioned in the preceding paragraph refers to the one-year loan market quotation issued monthly by the National Interbank Funding Center authorized by the People's Bank of China from August 20th, 20th, 20th19th.

2. How to calculate the monthly contribution of provident fund?

1. repayment method of equal principal and interest: monthly repayment amount = [loan principal× monthly interest rate× (1interest rate )× repayment months ]=[( 1 interest rate )× repayment months].

2. Average principal repayment method: monthly repayment amount = (loan principal ÷ repayment months) (loan principal-accumulated repaid principal) × monthly interest rate.

Third, how to calculate the provident fund loan?

How to deduct the provident fund loan? Provident fund repayment can be deducted by itself. As long as the balance in the account is sufficient, the expenses that need to be repaid can be automatically deducted every month. It can be divided into two types: annual rush and monthly rush. Annual rush is to repay part of the amount in advance once a year, and the principal of the provident fund needs to be repaid first, and the monthly repayment needs cash repayment, while the monthly repayment is the amount to be repaid and its interest. Repayment method of provident fund loan 1: Repayment of provident fund loan according to the actual contribution ratio: sum of individual monthly contributions of the borrower and spouse to provident fund ÷ actual contribution ratio × 12 (month )× 0.45 (repayment ability coefficient )× duration of provident fund loan (maximum loanable period) Repayment method of provident fund loan 2. Repayment of provident fund loan according to repayment ability: {(total monthly salary of the borrower's unit) Spouse quota Location for repayment of provident fund loan: {(total monthly salary of both husband and wife, monthly contribution of housing provident fund of both husband and wife's work units) × repayment ability coefficient-total monthly repayment amount of existing loans of both husband and wife )× loan term (month). The repayment ability coefficient of provident fund loans is 40%. Total monthly salary = monthly contribution of provident fund ÷ (proportion of unit contribution and proportion of individual contribution). Provident fund loan repayment method 3: Repayment by house price Provident fund loan repayment formula: Provident fund loan amount = house price × loan ratio Provident fund loan repayment method 4: What are the advantages of repaying housing provident fund by account balance? 1. The loan amount of housing provident fund can be large, which can reduce our down payment pressure. General commercial loans can only be 70% at most, so the pressure of down payment for buying a house is still great, and provident fund loans can be borrowed more. 2. Provident fund loans take a long time, and the amount to be repaid each month is relatively small, while commercial loans have restrictions on the repayment time. Few loans can last for more than 30 years, but the provident fund can last for 30 years, with little pressure every month. 3. For example, when buying a second-hand house, it is usually difficult to apply for a commercial loan, because the second-hand house is too old and the realized value is too low, so it is difficult to obtain a commercial loan, while the provident fund loan only needs to ensure that the age of the second-hand house and the age of the loan do not exceed the standard. According to the law, employees who have paid the housing provident fund in accordance with Article 26 of the Regulations on the Management of Housing Provident Fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center. Twenty-seventh applicants for housing provident fund loans shall provide guarantees. Article 668 of the Civil Code provides that a loan contract shall be in written form, unless otherwise agreed between natural persons. The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.

4. How is the repayment of provident fund loans calculated?

There are many ready-made experiences on how to use provident fund loans, and the experience introduced by different regions is everywhere on the Internet. But how to repay the provident fund loan is not so clear. What is the repayment calculation of provident fund loans? Let me analyze it for you next.

First of all, there are two ways to repay the provident fund. One is to repay the principal once a year to save interest expenses. The other is monthly repayment, that is, the monthly repayment method launched online, which reduces the monthly repayment amount and reduces the pressure on cash flow.

1

Here is a brief introduction to the procedures for returning the provident fund. Bring the application materials when handling the loan to the loan bank, and after signing the Power of Attorney for Repaying the Housing Loan with Housing Provident Fund, the bank will automatically deduct money from your housing provident fund account on a regular basis according to your entrustment requirements to repay your housing provident fund loan or commercial housing loan. Because this repayment method only needs one entrustment and is effective for a long time, it is convenient and safe to deduct money directly from the housing provident fund account.

2

If you choose to withdraw the provident fund once a year to return the principal, then your provident fund is better than 50 thousand, otherwise it is not cost-effective to use the provident fund to hedge the loan. The more money in the provident fund account, the more loans are hedged, and the less the principal and interest of the relative celebration expenditure. For example, your provident fund account has 6,543,800 yuan, and you borrowed 6,543,800 yuan, so your loan balance is only 900,000 yuan, which greatly relieves your interest pressure on repayment.

three

If the balance of your provident fund account is too small, the offset amount is not enough for one month's interest, so you'd better repay it by monthly repayment and shortening the term of bank loans.

four

The difference between one-year repayment and monthly repayment is that the former is the average capital and the latter is the two repayment methods of equal principal and interest.

Matching principal and interest repayment method is equal repayment of loan principal and interest every month;

Among them, the ration ratio of returning principal and interest changes month by month, interest decreases month by month, and principal increases month by month.

The repayment method of equal principal is equal monthly repayment of loan principal;

The loan interest decreases month by month with the principal.

Matching principal and interest and matching principal repayment methods are applicable to different borrowers respectively.

five

In addition, the provident fund loan can be repaid in advance, that is, the loan principal and interest can be paid off in one lump sum.

There is no limit to the repayment amount and prepayment times;

There is no limit to the loan time, and there is no requirement to collect liquidated damages.

So you can repay in advance and try to repay in advance.

Matters needing attention

Finally, I remind you to use your housing provident fund as much as possible to continuously improve your repayment ability through E68A846261696416F3133656165, which is actually a manifestation of improving your self-occupation ability and housing consumption level.

In addition, pay attention to the changes in the interest rate of provident fund loans. There has been a small increase every year in recent years, so the interest rate is getting higher and higher.

(The above answers were published on 20 13-09-04. Please refer to the actual situation for the current purchase policy. )

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