The benchmark interest rate of Chengdu housing provident fund loan varies with the loan term. When the first home loan term is five years or less, the benchmark interest rate is 2.75%; If the loan term exceeds five years, the benchmark interest rate is 3.25%. The interest rate setting takes into account the borrower's repayment ability and the cost of capital in the financial market to maintain the continuous operation of the provident fund loan system.
Historical evolution of housing accumulation fund;
1. The housing accumulation fund system originated in the early 1990s to solve the housing problem of employees.
2.65438-0994, China officially promulgated the Regulations on the Management of Housing Provident Fund, marking the establishment of the housing provident fund system;
3. Subsequently, according to the actual situation, all localities issued specific implementation rules to gradually improve the housing provident fund system;
4. In 2002, the housing accumulation fund system underwent major reforms, which enhanced the flexibility and fairness of the system;
In recent years, with the change of the real estate market, the housing provident fund loan policy has been constantly adjusted to meet the market demand.
To sum up, the benchmark interest rate of Chengdu housing provident fund loan varies according to the length of the first home loan. The interest rate for five years or less is 2.75%, and the interest rate for five years or more is 3.25%. This interest rate setting aims to balance the repayment ability of borrowers and the cost of capital in the financial market, and ensure the stable and sustainable operation of the provident fund loan system.
Legal basis:
Regulations on the administration of housing provident fund
Article 16
The monthly deposit amount of employee housing provident fund is the average monthly salary of employees in the previous year multiplied by the deposit ratio of employee housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.