You can enjoy low-interest loans when buying a house.

The down payment can be as low as 20% when buying a house with a housing provident fund loan.

Housing provident fund loan interest can be deducted from personal income tax.

Housing provident fund loans are easy to repay, and they are repaid automatically every month without going back and forth. 5. There is no limit to the prepayment of housing provident fund loans, no limit to the amount and repayment times, and no penalty interest.

2. Disadvantages of paying provident fund:

On a monthly basis, the salary received is about 1 1% less than the provident fund.

If you don't buy a house, decorate it or build a house, you can't return it without major changes in your family. You can withdraw it when you retire.

: 1. What is provident fund?

1. Housing accumulation fund refers to the long-term housing reserve paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units and social organizations.

2.20 1 1 year, the Ministry of Housing and Urban-Rural Development, together with other departments, studied and revised the Measures for the Administration of Provident Funds, which relaxed the requirement that individuals withdraw provident funds to pay housing rent. 20 13 Some cities have introduced measures to allow employees suffering from major diseases or their immediate family members to withdraw provident fund for emergency assistance. On 20 14, the three departments issued documents to cancel the charging items such as provident fund, personal housing loan insurance, notarization, new house evaluation and compulsory agency guarantee, so as to reduce the burden on loan practitioners. 20 15 "regulations on the management of housing provident fund" stipulates that the contribution ratio of housing provident fund for employees and units shall not be less than 5% and not higher than 12%. Since February, 2065438+2 1, 2065438, the deposit interest rate of employee housing provident fund account has been adjusted, which is uniformly implemented according to the one-year time deposit benchmark interest rate, and the interest rate has been raised by 1.50%.

3.2018 September 17, Beijing adjusts housing provident fund individual housing loan policy. The annual loan is 6,543,800 yuan, and the maximum loan is 6,543,800 yuan every 654.38+ 02 years. 2065438+091October 23rd 19 No paper withdrawal application is required.

Second, the nature of provident fund.

(1) security, the establishment of employee housing provident fund system provides a guarantee for employees to solve housing problems faster and better;

(2) Mutual assistance: The establishment of housing provident fund system can effectively establish and form a mechanism and channel for housing workers to help non-housing workers, while housing provident fund provides financial assistance to non-housing workers, which reflects the mutual assistance of housing provident fund workers;

(3) For a long time, urban workers have to pay individual housing provident fund from the date of joining the work to the date of retirement or termination of labor relations; The employer shall also pay the housing provident fund for employee subsidies in accordance with the regulations.