according to the notice of the people's bank of China on lowering the benchmark interest rate of RMB deposits and loans of financial institutions and expanding the floating range of deposit interest rates (yinfa [215]), the interest rates of individual housing provident fund loans are adjusted as follows: the interest rate of provident fund loans for five years or less is 3.%; More than five years is 3.5%.

The current interest rate of provident fund loans was adjusted and implemented on June 28th, 215. The interest rate of provident fund loans for more than five years is 3.5%, the monthly interest rate is 3.5%/12, and the interest rate of provident fund loans for five years and below is 3.% per annum, which is the same in the whole country.

the calculation of provident fund loan should be determined according to four conditions: repayment ability, percentage of house price, balance of housing provident fund account and maximum loan amount, among which the minimum value calculated by 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 deposit of housing provident fund of the unit where the borrower or husband and wife work) × repayment ability coefficient 4%- monthly repayment amount of the existing loan of the borrower or husband and wife ]×12 (month )× loan period. In which 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 ratio is determined according to different types. Generally speaking, if the construction area of the house is more than 9 square meters, the loan amount shall not exceed 7% of the purchase price; If the construction area is less than 9 square meters, the loan amount shall not exceed 8% of the purchase price.

3. According to the maximum loan amount, if I use my housing provident fund to apply for a loan provident fund loan and meet the application conditions, the maximum loan amount is 5, yuan; At the same time, if the spouse housing provident fund is used to apply for a loan, and the loan application conditions are met, the maximum loan amount is 7, yuan.

4. The calculation formula of provident fund loan based on the balance of provident fund account is: the amount of provident fund loan = the balance of provident fund accounts of borrowers and participants ×2.