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How to calculate the interest of housing provident fund discount loan?

according to the regulations, the discount amount of the discount loan is the interest difference calculated by the borrower's discount loan balance according to the commercial housing loan interest rate and the provident fund loan interest rate agreed in the loan contract.

The calculation formula is as follows: discount amount = actual loan interest ×(1- provident fund loan interest rate ÷ commercial loan interest rate)

Then we can calculate an account. Assuming that the loan amount is 6, yuan and the loan term is 2 years, the current interest rate for commercial loans over five years is 4.9%. If the first set is discounted by 8.8, the interest rate is about 4.31%. According to the equal principal and interest, the first monthly payment is 3734.65 yuan, and the interest is 2155.2 yuan. So the monthly discount amount is 2155.2×(1-3.25%÷4.31%)=53 yuan.

however, it should be noted that the interest will decrease every month in the case of equal principal and interest repayment, so the discount amount will also decrease month by month. When calculating, be careful not to simply compare the interest of the two loans, and the results will be much different.

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