Provident fund, also known as housing provident fund, is one of the five insurances and one gold we often say. It is a long-term housing savings fund paid by employers and employees in the same proportion, which is specially used for individuals to pay housing expenses, such as applying for loans to buy a house, paying rent and decorating houses.
To put it bluntly, the provident fund is equivalent to a large reservoir. Units and individuals will invest some money every month. When they want to buy a house one day, as long as they meet certain conditions, they can borrow money from this reservoir, buy a house at a very low interest rate and use cheap mortgages. And how much you invest every month, the unit will definitely help you invest. According to national regulations, we only need to pay 5%- 12% of our salary every month.
For example:
Dachao wants to buy a bump man with 100 yuan, so he looks for his mother. Mom and Dachao agreed that Dachao would give 10% of his pocket money every week, which is 10 yuan. Mother also took out the equivalent of 10 yuan money and put it in the piggy bank together. After 5 weeks, Dachao can buy his beloved bump man.
The principle of provident fund is the same. Divide 5%- 12% from your weekly salary and deposit it in the provident fund account (interest is paid according to 1 year deposit). The company also puts the same amount of money into your provident fund account, and when you need money for buying, renting and decorating, you can pay it from your provident fund account.
Provident funds have many advantages. For example, if Dachao wants to buy a house, he has to borrow 6.5438+0 million. His provident fund account has 50 thousand, and his wife has 30 thousand. According to the application of 14 times of the balance of the provident fund, the Dachao couple can borrow1120,000 yuan. However, according to the policy, the current two-person loan ceiling is 6.5438+0 million yuan. Therefore, you can only apply for a loan of 6,543,800 yuan, with a term of 30 years and a loan interest rate of 3.25%. At present, the average interest rate of commercial loans is 552%. Over the past 30 years, it has saved 68 1 1,000 yuan in principal and interest compared with commercial loans!
In addition, you can also apply for a one-time withdrawal of the balance of the provident fund account. At the same time, the provident fund repayment also has the benefit of monthly offset.
For example, the couple can withdraw 80,000 yuan from the surplus account. In addition, apply for monthly payment superposition, that is, the monthly provident fund will be directly credited to the card for repayment. Then your salary can be saved for financial management or discretionary. For example, the Dachao couple's monthly provident fund is 3,000 yuan, which is 1.08 million in 30 years!
To sum up: the benefits of provident fund loans to Dachao couples are: 68 1 0,000 yuan interest for 30 years, 1 good car; Through a one-time withdrawal of 80 thousand, the decoration money also came out. Through monthly payment, it will be 6.5438+0.08 million yuan after 30 years!