Housing accumulation fund refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees.
Provident fund loan restrictions:
1. Before applying for a loan, the housing accumulation fund must be paid continuously for at least 6 months, and some cities require continuous payment 1 year.
2. If one of the husband and wife has applied for a housing provident fund loan, both husband and wife shall not obtain a housing provident fund loan again before paying off the principal and interest of the loan.
3. When handling housing provident fund loans, there are no other outstanding debts that may affect the repayment ability of housing provident fund loans.
4. The term of the provident fund loan shall not exceed 30 years.
Employee housing provident fund consists of two parts:
1. Individual employees withhold deposits from their salaries every month according to regulations;
2. The unit shall pay for the employees every month according to regulations, and the two parts shall be owned by the employees themselves. The monthly deposit of employee housing provident fund is the average salary of employees in the previous year, plus the deposit ratio of employee housing provident fund and the deposit ratio of unit housing provident fund respectively. Take RMB as the unit and look at the angle below RMB. After the deposit base is approved, it will remain unchanged throughout the year and be adjusted once a year.
Legal basis:
Regulations on the administration of housing provident fund
Article 16
The monthly deposit amount of employee housing provident fund is the average monthly salary of employees in the previous year multiplied by the deposit ratio of employee housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.