500,000 Provident Fund Loans 30 months to increase the 66 yuan is still better than the business loan

Source: Internet
Author: User
Keywords Provident Fund years
Tags business personal personal housing total total interest
Yesterday, the PBOC decided to raise interest rates on housing Provident Fund loans.  Five-year Personal Housing Provident Fund loan rate increase of 0.2%, from 4.3% to 4.5%; According to calculation, buy two suites loan 500,000 Yuan 30, the monthly increase of 66 yuan, the total interest of more than 20,000 yuan. Previously, buying two suites was performed at 1.1 times times the benchmark rate, or 4.73%.  Buy a house 500,000 yuan 30 Provident Fund loans, the month for 2602.21 yuan, the total interest is 436796.51 yuan.  After the increase, two Suites Provident Fund loan interest rate of 4.95%, 500,000 yuan 30 loans for 2668.85 yuan, the total interest of 460786 yuan. But compared to commercial loans, Provident Fund interest is still much less. After the implementation of the new rate, 500,000 yuan 30 loans for commercial loans for 3414.27 yuan, the total interest of 729138.43 yuan. Commercial loans for the monthly Provident Fund more than 745 yuan, the total interest of more than 260,000 yuan.
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