Loan Inputs
Results
Equal payment vs Equal principal
Visualization
Repayment Schedule
| # | Payment (CNY) | Principal (CNY) | Interest (CNY) | Balance (CNY) |
|---|
View formulas
Equal payment: monthly payment M = P·r·(1+r)n / ((1+r)n − 1), where r = annual rate ÷ 12 and n = years × 12; total interest = M·n − P.
Equal principal: month-k payment = P/n + (P − (k−1)·P/n)·r; total interest = (n+1)·P·r/2.
All amounts are computed as integer fen (1/100 CNY) to avoid floating-point error, then converted to yuan for display.
PF Loan Interest Rates
2026 Housing provident fund loan rates are set by the People's Bank of China and sit well below commercial mortgage rates — the core advantage of PF loans. Current benchmark rates:
| Loan type | 1–5 years (incl.) | Over 5 years |
|---|---|---|
| First-home PF loan | 2.1% | 2.6% |
| Second-home PF loan | 2.525% | 3.075% |
- This calculator defaults to the 5+ year first-home rate of 2.6%; switch to second-home 3.075% or enter any rate manually.
- Current rates took effect on 8 May 2025 and are reset annually on 1 January to the latest published rate.
- First-home status is usually assessed per household ("counting both homes and loans"): no property and no outstanding mortgage = first home. Second-home rates are higher (3.075% for 5+ years).
- Rates are for reference only; your local PF centre has final authority.
PF Loan Requirements & Limits
To qualify for a housing provident fund loan you generally need to meet all of the following (details vary by city):
- Continuous contributions: full, on-time monthly contributions for 6 months or more (some cities require 12).
- Balance multiplier: the loan limit is typically 15–20× your PF account balance; a low balance caps the loan.
- Caps: commonly ¥400K–¥600K for a single applicant and ¥600K–¥1M for couples/families; some cities allow more via combo loans.
- Term: up to 30 years, and the borrower's age at maturity generally must not exceed 65 (men) / 60 (women).
- Down payment: usually at least 20% for first homes and 30%–40% for second homes.
- Good credit: no serious delinquencies and no overdue debt; stable repayment ability.
- Use restriction: only for buying an owner-occupied home, including new housing, resale homes and resettlement housing.
Reference formula: max loan = min(balance × multiplier, local cap, monthly payment ÷ monthly income ≤ 50%). Get a pre-assessment at your local PF centre before applying.