The term of the provident fund renovation loan should be appropriately adjusted according to the housing type, loan type and the age of the lender. 1, and the longest renovation loan period shall not exceed 10 year; 2, the purchase of second-hand housing or first-hand housing construction area of more than 90 square meters, the longest loan period is not more than 20 years; 3. Buying a first-hand house, using housing provident fund loans and business-to-public loans belong to the first set of self-occupied housing. The building area is less than 90 square meters (inclusive), and the longest loan period is 30 years.

Second, the loan interest rate of provident fund reform is 1 (including five years), and the loan interest rate of individual housing provident fund is lowered by 0.25 percentage points; 2. The interest rate of individual housing provident fund loans for more than five years was lowered by 0.20 percentage points, from 4.90% to 4.70%.

3. Calculation method of provident fund renovation loan: 1. If the repayment method is equal principal and interest, the formula is: monthly repayment amount = [principal x monthly interest rate x( 1+ monthly interest rate)/repayment months ][ 1+ monthly interest rate)/repayment months-1]

Legal basis:

Article 12 of the Regulations of People's Republic of China (PRC) Municipality on Housing Provident Fund Management Committee shall, in accordance with the relevant provisions of the People's Bank of China, designate a commercial bank entrusted with the financial business of housing provident fund (hereinafter referred to as the entrusted bank); The housing provident fund management center shall entrust the entrusted bank to handle financial services such as housing provident fund loans and settlement, as well as the establishment, deposit and return procedures of housing provident fund accounts. The housing provident fund management center shall sign an entrustment contract with the entrusted bank.

Derivative problem:

What are the precautions for provident fund decoration loans?

1. Generally, the area of the house to be renovated is 70_, and the age of the house is within 15. If the above content is not up to standard, the handling fee will increase.

2. At present, the loan amount for renovation of provident fund is generally 1000 yuan/_, which may be relaxed to about 2000 yuan/_ again in the future. And once it reaches 2000 yuan/_, the processing cost will increase relatively;

3. The provident fund renovation loan has not been paid off, and you cannot apply for a new provident fund housing loan. In the short term, owners who need to buy houses should not easily make provident fund decoration loans;

4. The repayment of the provident fund renovation loan in the first two months can only be offset by the provident fund after the cash is deposited in the repayment account. After getting the loan, don't take all the money in the account, and leave a repayment limit of at least two months to avoid repayment default.