How to calculate Tanghe provident fund loan
Recently, the provident fund loan policy has become a hot topic, especially the calculation method of provident fund loans in the Tanghe area has attracted much attention. This article will introduce in detail the calculation method of Tanghe provident fund loan, and provide you with a comprehensive analysis based on the hot content of the entire network in the past 10 days.
1. Tanghe provident fund loan basic policy
The calculation of Tanghe provident fund loans is mainly based on factors such as deposit base, loan term, and interest rate. The following are the basic policies for Tanghe Provident Fund Loans in 2023:
| Project | content |
|---|---|
| Loan amount | The maximum loanable account balance is 15 times, the maximum is 400,000 for a single person, and the maximum is 600,000 for a couple. |
| Loan term | Up to 30 years, and no more than 5 years after the borrower’s statutory retirement age |
| loan interest rate | First home: 2.6% for less than 5 years (inclusive), 3.1% for more than 5 years |
| Repayment method | Equal amounts of principal and interest, equal amounts of principal are optional |
2. Specific calculation method of Tanghe provident fund loan
Provident fund loan calculation needs to consider the following key factors:
| calculation factors | Description |
|---|---|
| Loanable amount | Monthly deposit amount × 12 × loan term × 0.6 + account balance × 15 |
| Monthly repayment amount | Total loan amount × monthly interest rate × (1 + monthly interest rate) ^ number of repayment months ÷ [ (1 + monthly interest rate) ^ number of repayment months - 1] |
| Total interest | Number of repayment months × monthly repayment amount – loan principal |
3. Tanghe Provident Fund Loan Calculation Example
Taking an employee in Tanghe area as an example, assume that the balance of his provident fund account is 30,000 yuan, the monthly deposit is 1,200 yuan, and he plans to take a loan for 20 years to buy his first home:
| Project | Calculation result |
|---|---|
| Loanable amount | 1200×12×20×0.6+30000×15=172800+450000=622800 yuan (exceeding the upper limit is calculated as 600,000 yuan) |
| monthly interest rate | 3.1%÷12=0.2583% |
| Monthly repayment amount | 600000×0.002583×(1+0.002583)^240÷[(1+0.002583)^240-1]=3204.48 yuan |
| Total interest | 240×3204.48-600000=169075.2 yuan |
4. Interpretation of recent hot topics
1.Provident fund off-site loan policy relaxed: Recently, many places have implemented mutual recognition and mutual loans of provident funds. Employees in Tanghe can also use provident fund loans when buying houses in surrounding cities.
2.Second house policy adjustment: Some cities have lowered the provident fund loan interest rates for second homes. The Tanghe area currently still implements the standards of 3.1% for first homes and 3.575% for second homes.
3.Optimization of Provident Fund Withdrawal Policy: The rental withdrawal limit has been increased, and many places have launched new "monthly withdrawal" policies, but Tanghe still implements the annual withdrawal policy.
5. Things to note
1. The loan amount will also be limited by the appraised value of the house, which generally does not exceed 70%-80% of the appraised value.
2. The provident fund account must be continuously paid for 6 months before you can apply for a loan.
3. Early repayment usually takes one year, and some banks will charge liquidated damages.
4. The interest rate of the commercial loan part of the portfolio loan is higher than that of the pure provident fund loan.
From the above analysis, it can be seen that many factors need to be considered in the calculation of Tanghe provident fund loans. It is recommended that employees who need loans make plans in advance and pay attention to policy changes. For the latest policies, please consult the Tanghe Housing Provident Fund Management Center or visit its official website.
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