The interest rate of provident fund is raised
According to the notice of the central bank, the deposit interest rate of employee housing provident fund account will be raised from February 2 1 day! What impact does the adjustment of the interest rate of provident fund deposits have on our lives?
The interest rate of provident fund deposits is raised, with an annual interest rate of 1.5%.
From February 2 1 day, the deposit interest rate of the employee housing provident fund account was adjusted from the current benchmark interest rate for demand deposits (0.35%) and the benchmark interest rate for three-month deposits (1. 10%) to the unified benchmark interest rate for one-year time deposits, that is, 1.50%.
Seven purposes of provident fund
Provident fund to buy a house
① If you don't borrow money to buy a house, you can withdraw the provident fund at one time;
(2) commercial loans can be withdrawn from the provident fund down payment;
(3) commercial loans to buy a house can be withdrawn from the provident fund to repay the principal and interest;
(4) The provident fund (portfolio) loan can be used to withdraw the provident fund to repay the principal and interest.
For those who have the ability to buy a house, provident fund loans are a good choice. In June this year, 5438+ 10, the average interest rate of the first suite in China was 4.60%, the lowest in Guangzhou, and the interest rate of the first suite was 4.22%! Moreover, the interest rate of using provident fund loans is much lower than that of commercial loans, which is more economical!
Construction, renovation and overhaul of housing
For the construction, renovation or overhaul of owner-occupied houses and the use of housing loans, employees and their spouses may apply for withdrawal of the amount of provident fund before the month (including the month) when building is approved, and the total withdrawal shall not exceed the cost of building.
Provident fund renting house
Employees who meet the extraction conditions, whether single or married, can extract housing provident fund on the condition of renting a house. Moreover, the provident fund rental does not affect future home purchase loans.
Extraction conditions:
1. paid the provident fund in full in Guangzhou for three consecutive months.
2. I and my spouse have no self-owned housing within the administrative area of this Municipality.
Parents buy houses for their children.
If you don't use a housing loan to buy a house yourself, you can withdraw your parents' provident fund.
(2) Use personal housing loans from commercial banks to purchase self-owned housing, and after paying the down payment, you can withdraw your parents' provident fund;
(3) Use the personal housing provident fund (portfolio) loan to buy your own house, and you can withdraw your parents' provident fund after paying the down payment.
Cancel the account and withdraw all the balance.
(1) Divorce or retirement;
(2) agricultural household registration practitioners, men over 60 years old, women over 55 years old;
(3) settled abroad, Hong Kong, Macao and Taiwan;
(4) completely losing the ability to work, mostly losing the ability to work or severely disabled, and dissolving or terminating the labor relationship with the unit;
(five) to receive unemployment insurance benefits;
6. Employees who have been sentenced to punishment and have now moved out of the city or non-city where their household registration is located, terminate or terminate their labor relations with their units;
⑦ The housing provident fund account has been transferred to the centralized storage account for 2 years or the labor relationship with the original unit has been terminated for 2 years;
(8) If you work outside the administrative area of the city where you are located, you can set up and deposit the housing provident fund locally, and you can cancel your account and withdraw all the balance of the provident fund.
Included in the extraction and use of living allowance.
Workers are included in the minimum living guarantee for urban residents or the scope of special hardship assistance, and workers themselves and their spouses can apply for withdrawal of housing provident fund. The withdrawal amount shall not exceed the amount before the housing provident fund is included in the minimum living guarantee scope or the poverty relief scope.
Treat major diseases
Family members (including employees themselves, spouses and minor children) suffering from major illness or major surgery hospitalization, employees themselves and their spouses can apply for withdrawal of housing provident fund. The application date should be within 1 year from the date of discharge, and the personal burden of the total hospitalization expenses should be withdrawn.
Calculation method of provident fund loan
In 20 15, the central bank lowered the benchmark interest rate of loans, and the interest rate of provident fund loans for less than five years (including five years) fell to 3.5%, and the interest rate of provident fund loans for more than five years fell to 4%. The following is to introduce the calculation method of provident fund loans for everyone.
The calculation of provident fund loan should be determined according to four conditions: repayment ability, proportion of house price, balance of housing provident fund account and maximum loan amount, among which the minimum value calculated by the four conditions is the maximum loanable amount of the lender.
1. The calculation formula of provident fund loan based on repayment ability is: loan amount = [(total monthly salary of the borrower or husband and wife+monthly contribution of housing provident fund of the employer of the borrower or husband and wife)? Repayment capacity coefficient 40%- monthly repayment amount of existing loan of borrower or husband and wife]? 12 (month)? Term of loan. The total monthly salary = the monthly contribution of the provident fund/(unit contribution ratio+individual contribution ratio);
2. The calculation formula of provident fund loan based on house price is: loan amount = house price? Loan ratio. Among them, the loan proportion is determined according to different types. Generally speaking, if the building area is more than 90 square meters, the loan amount shall not exceed 70% of the purchase price; If the construction area is less than 90 square meters, the loan amount shall not exceed 80% of the purchase price.
3. According to the maximum loan amount, if I use the housing provident fund to apply for a loan provident fund loan and meet the application conditions, the maximum loan amount is 500,000 yuan; At the same time, if the spouse's housing provident fund is used to apply for a loan and the loan application conditions are met, the maximum loan amount is 700,000 yuan.