Chifeng adjusts the provident fund down payment ratio: the down payment ratio for the first house is 20%, and the down payment ratio for the second house is 30%; employees who have paid housing provident funds in other places and apply for provident fund loans to buy houses in Chifeng City can enjoy the same benefits as Chifeng City has the same loan policies and other benefits for local deposit-paying employees; no 5% provident fund deposit for off-plan housing loans from development companies is required.

The so-called housing provident fund refers to state agencies and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social groups and their Long-term housing savings for current employees with equal contributions. The total provident fund payment ratio is 5%-12%, and the employer will generally bear 8%.

Legal basis: Article 16 of the "Housing Provident Fund Management Regulations"

The monthly payment and deposit amount of the employee's housing provident fund is the employee's average monthly salary in the previous year multiplied by the employee's housing provident fund payment. deposit ratio. The monthly payment and deposit amount of the housing provident fund paid by the unit for its employees is the employee's average monthly salary in the previous year multiplied by the unit's housing provident fund payment and deposit ratio.

Article 17

New employees who join the workforce will start to pay housing provident fund from the second month they join the workforce. The monthly payment amount is the employee’s monthly salary multiplied by the employee’s housing fund. Provident fund contribution ratio. Newly transferred employees from the unit shall contribute to the housing provident fund from the date the unit pays their wages. The monthly payment amount shall be the employee's monthly salary multiplied by the employee's housing provident fund contribution ratio.