How to repay provident fund interest? Analysis of hot topics on the Internet in the past 10 days
Recently, the issue of provident fund repayment has become a hot topic on social platforms, especially the interest calculation method and repayment process, which have triggered widespread discussion. This article combines the data of the entire network in the past 10 days to structure and sort out the core information for you.
1. Overview of hot topic data
| keywords | Search volume (10,000 times) | Main discussion platform |
|---|---|---|
| Provident fund interest calculation | 28.5 | Zhihu/Baidu know |
| Early repayment process | 19.2 | Government service platform |
| Impact of interest rate adjustments | 15.7 | Weibo/Headlines |
2. Detailed explanation of provident fund interest repayment methods
1.Repayment of principal and interest in equal installments: The monthly repayment amount is fixed, suitable for people with stable income. In the first five years, interest accounted for approximately 60% and principal accounted for 40%.
| Loan term | 1 million loan monthly payment | Total interest |
|---|---|---|
| 20 years (3.1%) | 5,598 yuan | 343,000 yuan |
| 30 years (3.1%) | 4,270 yuan | 537,000 yuan |
2.Equal principal repayment: Decreasing monthly repayments, greater initial pressure but less total interest. The first monthly repayment is RMB 6,750 (1 million/20 years), which decreases by approximately RMB 11 every month.
3. Centralized answers to hot issues
1.Is it worthwhile to pay off your loan early?According to calculations, early repayment in the first five years of the loan saves the most interest. After more than 7 years, early repayment has limited meaning.
| Repaid years | remaining principal | Save interest |
|---|---|---|
| 3 years | 920,000 | 210,000-240,000 |
| 8 years | 680,000 | 90,000-120,000 |
2.Impact of the New Deal in 2023: Many places have launched a "business-to-public" policy. After conversion, a 300,000 loan with a 20-year term can save about 42,000 yuan in interest.
4. Operation process guide
1.Online processing: Completed through provident fund APP, you need to prepare ID card, loan contract, and repayment bank card. The processing time is 3-5 working days.
2.Offline processing: You need to go to the Provident Fund Management Center, and some areas require an appointment in advance. Waiting times in popular cities:
| City | average waiting time |
|---|---|
| Beijing | 2-3 working days |
| Shanghai | Handle on the same day |
| Guangzhou | 1-2 working days |
5. Expert advice
1. Follow the local provident fund official account to get the latest policies. For example, Shenzhen will implement new rules for "monthly withdrawal and repayment" from August 1.
2. Portfolio loan users are advised to give priority to repaying the commercial loan part, and the interest rate difference can reach 1.5%-2%.
3. During the downward cycle of deposit interest rates, it is recommended to retain emergency funds for 3-6 months before considering early repayment.
The statistical period of the data in this article is from July 15 to July 25, 2023. The data sources include government gazettes, third-party platform monitoring and public reports of financial institutions. The specific policy shall be subject to the interpretation of the local provident fund management center.
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