Once a year.
Lawyer analysis:
Once a year.
Adjust once a year 1 month 1 day, that is, implement the interest rate level of 1 month 1 day every year.
The calculation of loan interest is based on floating interest rate, and the interest is adjusted with the adjustment of interest rate.
Of course, no matter how it is calculated, it has no effect on the interest paid.
Will have an impact on the adjusted interest.
After the adjustment of the general bank interest rate, the interest rate of the outstanding part of the loan is also adjusted.
Legal basis:
Article 6 of the Regulations on the Management of Housing Provident Fund
The deposit and loan interest rate of housing provident fund is proposed by the People's Bank of China. After soliciting the opinions of the construction administrative department of the State Council, it is reported to the State Council for approval.
The interest rate of provident fund loans refers to the interest rate of individual housing provident fund loans, which is adjusted and announced by the People's Bank of China.
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans. [9] Housing provident fund loans are national policy loans, so the interest rate of housing provident fund loans is lower than that of commercial loans. [5]
Latest interest rate: The People's Bank of China decided to lower the interest rate of the first individual housing provident fund loan from June 1 day, 2022, and adjusted the interest rates for less than five years (including five years) and more than five years to 2.6% and 3. 1% respectively. The second set of personal housing provident fund loan interest rate policy remains unchanged. That is, the interest rates for less than 5 years (including 5 years) and more than 5 years are not less than 3.025% and 3.575% respectively.
Adjustment of interest rate of provident fund loans
The People's Bank of China has decided to reduce the interest rate of the first individual housing provident fund loan by 0. 15 percentage point from June 2022, and adjust the interest rates for less than five years (including five years) and more than five years to 2.6% and 3. 1% respectively. The second set of personal housing provident fund loan interest rate policy remains unchanged, that is, the interest rates for less than five years (including five years) and more than five years are not less than 3.025% and 3.575% respectively.
1. The first individual housing provident fund loan issued before 20221will be subject to the adjusted interest rate from 2023.
2. For the first set of individual housing provident fund loans that were applied for before June 65438+1 October1in 2022 but not issued, the adjusted interest rate of individual housing provident fund loans shall be implemented at the time of loan issuance.
3. Apply for the first personal housing provident fund loan after June 65438+1October 65438+1October, 2022, and implement the adjusted interest rate.
The interest rate of provident fund loans is lowered.
Lowering the interest rate of provident fund loans refers to lowering the interest rate of housing provident fund loans to reduce the burden on residents. In recent years, with the changes in the real estate market, the housing provident fund has effectively reduced the loan interest rate. On March 1 day, 2020, the central government decided to lower the general loan interest rate of housing provident fund and enterprise endowment insurance by 0.5 percentage points again. This means that the benchmark spread has dropped from 2.75% to 2.25%; The monthly expected spread of new housing provident fund general loans and enterprise endowment insurance general loans decreased from 3.25% to 2.75%. In addition, for the repayment of income such as general loans for housing provident fund, general loans for enterprise endowment insurance, resettlement subsidies for large and medium-sized enterprises, schooling subsidies, medical subsidies and sporadic subsidies handled before March 1 2020, the corresponding departments can also apply new standards to the above income according to the requirements of the applicant.
What is the interest rate of housing provident fund loan now?
The interest rate of provident fund loans is adjusted and released by the People's Bank of China. At present, the benchmark interest rate of individual housing provident fund loans is 2.75% for five years and below, and 3.25% for five years and above.
The housing provident fund loan interest rate shall be implemented according to the interest rate standard published by the People's Bank of China. In case of interest rate adjustment, if the contract term is 1 year, the contract interest rate will be implemented; if the contract term exceeds 1 year, the new interest rate standard will be implemented according to the corresponding interest rate grade from the next year of interest rate adjustment. Generally speaking, the benchmark interest rate is implemented for the first suite of housing provident fund loans in various places, and the loan interest rate is 1. 1 times of the benchmark interest rate for housing provident fund loans for the second house.
Let's stop here for the introduction of interest rate adjustment for provident fund loans.