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. [8]
Spread out completely
1. The interest rate of provident fund loans is subject to the benchmark interest rate published by the People's Bank of China on 20 15.
2. At present, the benchmark interest rate of provident fund loans is 2.75% for less than five years and 3.25% for more than five years.
3. It generally takes more than one year to apply for provident fund loans.
1. What's the interest rate for the second mortgage of the house?
Let's take the central bank for example. The benchmark interest rate of the Central People's Bank is:
1, short-term loans: within 6 months, the interest rate is 4.35, and the interest rate is 4.35 from 6 months to 1 year (including one year);
2. Medium and long-term loans: one to three years (including three years), with an interest rate of 4.75; The interest rate is 4.75 for three to five years (including five years); The interest rate for more than five years is 4.90;
3. Personal housing provident fund loan: less than five years (inclusive), with interest rate of 2.75; The interest rate for more than five years is 3.25. The interest rate in two mortgage will be adjusted up and down on the basis of the benchmark interest rate according to the qualifications of the applicants.
What is the interest rate of housing provident fund loan?
According to the interest rate table of provident fund loans of China People's Bank in 2022, the interest rate of provident fund is: 1, and the annual interest rate of individual housing provident fund deposits is: paid in the current year and carried forward from the previous year to:1.5%; 2. Personal housing provident fund loan: the annual interest rate is 2.75% for less than five years (including five years) and 3.25% for more than five years. Provident fund loan refers to personal provident fund loan, which is a housing mortgage loan issued by local provident fund management offices, using the provident fund paid by employees who apply for personal provident fund loans, and entrusting commercial banks to the housing provident fund depositors who purchase, build, dismantle and repair their own houses and retired employees who paid the provident fund during on-the-job filming. The above is the interest rate of housing provident fund. How can the provident fund be used to borrow money to buy a house? Users can prepare personal identity documents, provident fund co-branded cards, purchase agreements signed with real estate developers, down payment receipts, residence permits (household registration books or temporary residence permits), personal income certificates (such as bank accounts and salary slips) and other related materials, and go to the business outlets of local provident fund management offices to find staff to explicitly apply for loans.
After receiving the application form and filling it out, the user submits the report together with relevant materials, and then can try it out. After the trial, the management office will examine and approve Yuzhou according to the material information provided by users, and an appraisal agency will evaluate the value of the house. After the approval is passed, the user will be informed. Users who receive the approval notice sign loan contracts at business outlets within the promised time, and go through mortgage and other related procedures at the real estate management bureau, and then the bank will issue loan funds. Generally, it takes about two to three months from the user submitting the loan application to issuing the loan funds. Of course, if the bank encounters a shortage of funds and so on, it may take longer to approve and lend money.
What is the interest on the provident fund?
According to the interest rate table of provident fund loans of China People's Bank in 2022, the interest rate of provident fund is:
1, individual housing Roy provident fund deposit: the annual interest rate paid in the current year and carried forward from the previous year is1.5%;
2. Personal housing provident fund loan: the annual interest rate is 2.75% for less than five years (including five years) and 3.25% for more than five years.
Is the interest of the provident fund the same as that of the bank?
The money in the housing provident fund account is the same as the deposit interest, but the interest is not very high. Generally, it will be settled once a year, and the interest will be settled on June 30th every year. After settlement, the interest will be deposited in the provident fund account, and a corresponding short message will be sent to the user to tell you how much interest the provident fund account generated in the previous year.
The money in the housing provident fund is equivalent to a demand deposit, which can be withdrawn or deposited. The housing provident fund paid by individuals and units shall bear interest from the date of deposit in the individual housing provident fund account, and the interest shall be paid according to the savings deposit rate stipulated by the People's Bank of China before Huling. If the amount of housing provident fund is not used for a long time, housing provident fund will generate corresponding interest like deposits.
The balance of provident fund allocated in the current year is calculated at the interest rate of current savings deposits, and the balance of housing provident fund carried forward in the previous year is calculated at the interest rate of lump-sum deposit and withdrawal for three months. If the user withdraws part of the provident fund, it is stipulated to withdraw the balance allocated first.
The biggest function of the money in the provident fund account is not to generate interest, but to apply for loans, because the amount of provident fund loans is calculated according to the account balance. The more the account balance, the higher the loan amount you can apply for, and the more interest you can save for the lender.
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.
This is the end of the introduction of the interest rate of Guizhou provident fund loans and the interest rate of Guizhou provident fund loans in 2023. I wonder if you have found the information you need?