Housing accumulation fund is a non-statutory welfare provided by employers or organizations for workers who establish labor relations. Workers who have paid the provident fund may apply for provident fund loans or withdrawals when purchasing, constructing, renovating or overhauling their own houses.
The loan interest rate of housing provident fund is much lower than that of commercial loans. With the provident fund loan, its preferential strength can save a lot of money and improve the happiness index of life a lot!
Comparison of interest rates between housing provident fund loans and commercial loans
Taking the latest data of 20 19 as an example, the annual interest rate of housing provident fund loans for more than five years is 3.25%. The annual interest rate of housing provident fund loans for 5 years and below is 2.75%. This standard is unified throughout the country.
The interest rate of individual housing commercial loan is the benchmark interest rate determined by the state. Banks can determine the differential loan interest rate according to the loan purpose, loan nature, loan term, loan policy and other factors. That is to say, it can fluctuate up and down the base interest rate.
In 20 19, the benchmark interest rate of the latest commodity individual housing13 years was 4.75%, 3-5 years was 4.75%, and 5-30 years was 4.90%. After the comparison, we can see that the gold content of housing provident fund is precious.