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 individual 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 individual 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 will submit the report together with relevant materials, and then they 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 rate for provident fund loans?
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 for provident fund loans?
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]
From 2014165438+122 October, the interest rate of individual housing provident fund loans will be lowered. The interest rate of individual housing provident fund loans for more than five years is lowered from 4.50% to 4.25%; The interest rate of individual housing provident fund loans for five years or less was lowered from 4.00% to 3.75%. [2] [6]
2065438+March 2005 1 day, the central bank decided to lower the loan interest rate and deposit interest rate, and the personal provident fund loan interest rate was also lowered. The loan interest rate for more than 5 years is 4%. 5 years and below, 3.5%. [3]
20 15, 10 year1October 24th. The interest rate of provident fund loans for more than five years is 3.25%, the monthly interest rate is 3.25%/ 12, and the interest rate of provident fund loans for five years and less is 2.75% per annum.
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. [4]
From June 20438 to October 2022 10, after the People's Bank of China announced that it would lower the interest rate of the first individual housing provident fund loan, many cities in China followed suit. 65438+1On October 8th and 9th, Beijing, Nanjing, Ningbo, Dongguan and other places announced the official opening of the housing provident fund, and the loan interest rate for more than five years was 3. 1%.