No individual CPF will go down if the home loan rate goes down. As the mortgage rate draws on the LPR, the personal provident fund draws on the CPF loan lending benchmark rate, the two are not the same, and thus the CPF loan APR does not regulate when the LPR falls. Only when the prime rate of personal provident fund loans is regulated and the application for a provident fund loan is made, the APR of the provident fund loan can be regulated. For consumers who have long applied for a CPF loan, CPF interest rate regulation, the customer's mortgage rate has little impact.
After the drop in mortgage rates, only the commercial service loan rates are likely to drop, while the customer's mortgage rate must implement the LPR floating rate, so that by the Bank Rate Adjustment Day, the customer's mortgage rate can only be adjusted. Although CPF loan interest rate is not easily adjustable, CPF loan is more cost-effective even without adjustment because CPF loan APR is less than commercial service loan APR. Customers who are able to apply for a CPF loan are advised to prioritize the CPF loan, apply for a composition loan if the loan credit line is insufficient, and apply for a commercial service loan if they are unable to apply for a CPF loan.
What are the prerequisites for a loan with a CPF1, only employees who participate in the CPF rules and regulations will have the opportunity to apply for a CPF loan, and employees who do not participate in the CPF rules and regulations will not be able to apply for a CPF loan.
2, participate in the housing fund rules and regulations to apply for housing fund personal home purchase loans also meet the following conditions: that is, before applying for a loan continued to contribute to the housing fund time should not be less than six months. Because, if the employee deposits housing fund moves abnormally, from time to time, proves that its earnings are not stable, after the distribution of the loan is very easy to produce risky.
3, the other half of the party applied for a housing fund loan, the other half of both sides can not get a housing fund loan before the interest on the loan is not settled. Because the housing fund loan is a financial support to meet the core needs of the employee's family home, it is a "sheltered housing type" of financial support.
4. Loan applicants should have relatively stable financial resources and the ability to repay the loan, in addition to a large amount of unsettled liabilities that may affect their ability to repay the housing fund loan when they apply for a housing fund loan. When the employee has other liabilities, and then give the housing fund loan, the risk is very high, violating the housing fund security operation standards.
What is the level of deposit of 500,000?Normal to have 500,000 deposits belong to the middle of the upper, the actual also depends on the other assets of the individual, if in the first and second tier cities, have a set of their own housing, but also have a belong to their own car, then such a level is belong to the middle of the upper. In our daily life nowadays, all kinds of transactions are very high, quite a lot of people, but most of them are still poor, so can have 500,000 deposits of people actually is not much.
According to the relevant information, in our country in 2018 the total production of deposits at home was 72.44 trillion yuan, in 2019 to enhance the 9.7 trillion rmb. in the first quarter of this year, our country's average deposit is more than 78,000 yuan, but we have to be clear, this is the average deposit, firmly believe that I think we must be aware of the average value of the trap, so we should be appropriately aware of the hands of the Deposits, in fact, in real life can reach the average deposit of the people occupied by the percentage is not too much.
You can also analyze the per capita net income, side reaction to the authenticity of this data, we are at this stage of the per capita net income of 3,000 to 5,000 in the middle, if you want to have a deposit of 500,000 words, then need at least 10 years, but we have a lot of expenses during this period, so the deposit of 500,000 or more than many people, to their own hands have a clear understanding of the property. A clear understanding of the property in their hands.
Is a deposit of 500,000 too much or too little?With a deposit of $500,000, depending on what kind of person you are compared to, than the lower part is more than enough but not enough than the upper part, so with a deposit of $500,000 is not too much or not too little.