Will the adjustment period of provident fund be delayed?
1, usually once a year, and the time for adjusting housing accumulation funds in various places is mostly in June or July. According to the regulations, the housing accumulation fund will be adjusted from July last year 1 to the annual unit and adjusted to June 30 this year. Many units will adjust the payment base of employees' provident fund according to the average monthly salary of employees in the previous year after completing the remittance business in June each year.
2. The local government will stipulate the upper and lower limits of the housing provident fund deposit base, which may be adjusted every year. Since the beginning of this year, Tianjin, Shenzhen, Chongqing, Qingdao, Changchun, Nanchang, Urumqi and other places have issued adjustment plans for the amount of provident fund deposits, raising the upper limit of the deposit base.
3. Housing provident fund can be used for loans to buy a house or rent a house, and even some cities allow employees with major diseases or their immediate family members to withdraw the provident fund for emergency. The housing accumulation fund was adjusted to be annual, from July last year 1 to June 30 this year. Adjust the base of your provident fund payment according to the change of your average monthly salary in the previous year.
What happened when the provident fund repaid the loan in advance?
1. It is not easy to successfully apply for provident fund loans. At present, many banks have to queue up for provident fund loans for more than half a year. After you pay off the provident fund loan, if you want to buy another house, it will be difficult to get a successful loan.
2. If you use the spare money on hand to repay the provident fund loan, when you encounter other emergencies that need money urgently, such as children going to school, parents getting sick, buying a car and other smart applications for commercial loans, the interest rate will be greatly increased and you will pay more interest.
3. If you use spare money to buy short-term wealth management products or find a good project to invest, it will exceed the interest on repaying public loans, and there may be additional income.
Considering inflation, money now is always more valuable than money in the future. The inflation rate in China has been above the bank interest rate, which means that your repayment amount has been depreciating, which is a good deal for you.
The most important point is that the mortgage loan of provident fund is repaid in the form of equal principal and interest. In this repayment method, the proportion of principal in the monthly repayment amount increases month by month, and the proportion of interest decreases month by month. The bank will not remind you of this when you apply for a loan.
The above is all the information I have compiled for you about whether the adjustment period of the provident fund will be delayed and how to repay the provident fund in advance. I hope I can help you. At present, there is no news that the adjustment period of provident fund will be delayed. Of course, each region may be slightly different, so you can pay attention to local policies.