Interest rate differential increase of Provident Fund loan

The Ministry of Housing and Urban and rural construction 9th also announced the increase in Housing Provident Fund loan rate since 9th. Five-year above 0.2%, five-year increase of 0.25% Provident Fund deposit and loan interest rate adjustment form before the adjustment of the interest rate, the individual Housing Provident Fund deposit 0.36%0.40% last year 2.25%2.60% second, individual Housing Provident Fund loans under five years (　　including five years) more than five years 4.30%4.50% 3.75%4.00% case: First suite loans, commercial loans 500,000 yuan, Provident Fund loans of 300,000 yuan, are 30 years.　　February 9 before February 9 to pay more commercial loans (500,000 yuan, 30) total interest expenditure of 625910.64 yuan 649585.87 yuan 23675.23 for 3127.53 Yuan 3193.29 Yuan Provident Fund Loan (65.76 Yuan, 30)　　Total interest expenditure 234461.16 yuan 247220.13 yuan 12758.97 for 1484.61 yuan 1520.06 yuan 35.45 yuan Total (800,000 yuan, 30) total interest expenditure 860371.79 yuan 896806.01 yuan 36434.22 yuan　　The total monthly amount of 4612.14 yuan 4713.35 yuan 101.21 yuan (source: Zhongyuan Real Estate) The commercial loan and the Provident Fund loan interest rate rises simultaneously, further increases the purchase cost. Mortgage spending changes before and after the morning news reporter Zhou Shang after the PBOC raised benchmark interest rate on 9th, the Ministry of Housing and Urban and rural construction issued the same day "on the adjustment of Housing Provident Fund deposit and loan interest rate notice" (hereinafter referred to as "notice"), announced since 9th to raise the Housing Provident Fund loan　　This is since December 25 last year, the Provident Fund loan interest rate rise again.　　According to the notice, from February 9, 2011 onwards, the five-year Personal Housing Provident Fund loan interest rate increase of 0.2%, from 4.3% to 4.5%, five years (including five years) under the Personal Housing Provident Fund loan rate increase of 0.25%, from 3.75% to 4%.　　Shanghai Provident Fund Center 9th also issued a notice that February 9, 2011 (including February 9) after the issue of Provident Fund loans, according to the provisions of the implementation of the notice, the outstanding loans issued before February 9, 2011, since the January 1, 2012 in accordance with the provisions of the notice. The commercial loan interest rate and the Provident Fund loan interest rate raise simultaneously, makes the house purchase cost further increase.　To buy a one-hand room, a loan of 800,000 yuan, of which 300,000 Yuan for Provident Fund loans, 500,000 for commercial loans, loan term of 30 years as an example, Zhongyuan real estate calculate: The interest rate adjustment, home buyers for the increase of 101.21 yuan, pay more interest 36434.22 yuan (see table).　Second house buyers face the pressure to buy more.　　About the second suite of Provident Fund loan interest rates, according to the Shanghai Municipal Provident Fund Management Center issued prior to the relevant provisions, since November 8, 2010, determined to improve living conditions to buy a second housing, individual Housing Provident Fund loan rate according to the same period of the first set of personal Housing Provident Fund loan interest rate floating 1.1 times times.　　Yesterday, the Shanghai Municipal Provident Fund Management Center staff told the Morning Post reporter, the application of the second housing improvement House buyers, five-year loan rate of 4.5% floating 1.1 times times, that is 4.95%, five years below the floating up to 4.4%.　　Prior to this, the Shanghai Municipal Provident Fund Management Center in accordance with "State eight" of the relevant provisions, has improved two Suites Provident Fund loans to increase the down payment ratio to 60%-since February 1, Shanghai to improve living conditions to buy a second housing, Housing Provident Fund personal loan down payment from no less than 50% adjustment to no less than 60%. Less than one months, the improvement of the two suites of the house buyers pressure doubled.