What is the interest rate of Hohhot housing provident fund loan?

1. provident fund loan, the interest rate is 3.87% for more than five years, the monthly interest rate is 3.87%/ 12 = 0.3225%, 1.56 million years (72 months), and the monthly repayment amount is:

[150000 * 0.3225% * (1+0.3225%) 72]/[(1+0.3225%) 72-1] = 2337.90 yuan.

Total repayment amount =2337.90*72= 168328.8 yuan.

Description: 72 is the power of 72.

2. Provident fund loan, the five-year interest rate is 3.33%, the monthly interest rate is 3.33%/ 12 = 0.2775%, and the monthly repayment amount150,000 years (60 months):

[ 150000 * 0.2775% * ( 1+0.2775%) 60]/[( 1+0.2775%) 60- 1] = 27 17.38]

Explanation: 60 is the 60th power.