Hello, the full name of housing provident fund loan is personal housing guaranteed entrusted loan. It refers to the personal housing loans that the housing fund management center entrusts commercial banks to issue using the housing provident fund. Housing provident fund loans are policy-based personal housing loans. On the one hand, they have low interest rates, and on the other hand, they are mainly provided to provident fund paying employees with low and middle incomes.

The interest rate for provident fund loans for 1-5 years is 3.6%, and the interest rate for 6-30 years is 4.05%; the interest rate for commercial loans for 1-5 years is 4.77%, and the interest rate for 6-30 years is 4.77%. The interest rate is 5.04%.

Ordinary employees can apply for housing provident fund loans before they are 65 years old, and deputy ministerial level cadres before they are 75 years old.

There are two conditions for active employees to apply for housing provident fund loans: first, the provident fund is required to be established for more than one year, and second, the provident fund is required to be paid for 6 consecutive months before applying for a loan.

Loan amount: To purchase public housing at the cost price of the housing reform house, the single loan amount shall not exceed 300,000 yuan, and shall not exceed 90% of the house price; to purchase commercial housing and affordable housing, the single loan amount shall be the highest No more than 300,000 yuan, and no more than 80% of the house price; when applying for a housing provident fund loan to purchase a second-hand house, the maximum single loan limit shall not exceed 300,000 yuan, and no more than 80% of the appraised value of the house.

The repayment time for housing provident fund loans shall not exceed 30 years. For employees with a monthly income of less than 2,000 yuan, the minimum monthly repayment should be 20% of the family income; for employees with a monthly income of 2,000-5,000 yuan, the minimum monthly repayment should be more than 25% of the total income; For employees with an income of more than 5,000 yuan, the monthly repayment amount should be more than 30% of the monthly income.

According to regulations, the interest rate of housing provident fund loans is fixed for one year. If the interest rate is adjusted during the loan period, if the loan period is only one year, the interest rate will not be adjusted. If the loan period is more than one year, the new interest rate will be applied from January 1 of the following year.

Loan guarantee methods: The first is the sale-to-lease commitment. Mainly refers to the public housing sold by the purchasing unit. When the lender cannot repay the loan during the loan period, the original unit will take back the property rights of the house and relocate it elsewhere. If it is difficult to relocate, you can rent it instead. The second type is a low mortgage on real estate. If the lender cannot repay the loan, the bank will exercise its right of low mortgage through legal procedures, dispose of the house, and use the proceeds to repay the loan. The third type of guarantee is called rights pledge. It uses time deposit certificates with China Construction Bank and treasury bonds underwritten by China Construction Bank as pledges. If the individual cannot repay during the loan period, the bank will cash the deposit certificates or treasury bonds to repay the loan.

There are currently two ways to repay the loan. If your loan term is less than one year, the principal and interest will be repaid in one lump sum. If your loan term is more than one year, the equal principal and interest repayment method will be implemented. That is, your monthly repayments of principal and interest are equal.

For specific information, you can consult the local housing provident fund management center.

I hope it can help you and hope you will adopt it!