Provident Fund loans do not have to advance compared to deposit rates or upside down

Compared with the same period of bank deposit interest rate or "upside down" interest rate after the Provident Fund loans do not have to advance the Bank and Housing Provident Fund loan rates again both up, the reporter learned from a number of intermediary companies, many buyers did not blindly prepayment.　　Loan intermediary Shanghai Kai Sheng somewhat deputy general manager Zhao Wei said, there is no customer requirements in advance repayment, many people feel that their application is already 70 percent preferential rates, now to apply for preferential rate is not easy, not to mention the end of the year bank's credit line used up, basically do not grant new loans. To a sum of 400,000 yuan, 15-year Provident Fund loan calculation, after the interest rate hike, the borrower paid more than 86.49 yuan per month, pay more than 15567.28 yuan total interest.　　However, after the interest rate hike, the Provident fund interest rates still have a certain advantage, compared with the benchmark commercial loans after the rate hike, borrowers pay less than 443.23 yuan a month, saving a total interest of about 80,000 yuan. Despite the year's two Provident Fund loan rate increase in the next year January 1, the Provident Fund loan rates jumped, but compared with the same period of bank deposit rate, or appeared "upside down." After the rate hike, the five-year (including five-year) Provident Fund loan interest rate adjusted from 3.5% to 3.75%, and the 3-year bank deposit rate after the interest rate is 4.15%, "upside down" 0.4%. Five-year Provident Fund loan rate from 4.05% to 4.3%, and the rate of increase after the 5-year fixed deposit rate of 4.55%, "upside down" 0.25%. Therefore, there is no need to repay the loan in advance for the current Provident Fund loans.