What is the provident fund loan interest rate for the first home in 2021?

The provident fund loan interest rate for the first home in 2021: the annual interest rate for the first home loan for 1 to 5 years is 2.75, and the annual interest rate for more than 5 years is 3.25; the second home loan is for the first time in the same period. The housing loan interest rate will increase by 10%, that is, the annual interest rate for 1 to 5 years is 3.025, and the annual interest rate for more than 5 years is 3.575. In fact, this interest rate has been implemented since 2015 and has remained unchanged for so many years. Is the Agricultural Bank of China’s mortgage loan interest rate 5.63 in 2020?

According to the Agricultural Bank of China’s official loan interest rate data, within six months of Agricultural Bank of China’s mortgage loans in 2020, the loan interest rate is 4.35; within six months to one year, the loan interest rate The loan interest rate is 4.35 for one to three years; the loan interest rate is 4.75 for three to five years; and the loan interest rate is 4.9 for more than five years.

In 2020, the mortgage loan interest rates for both first-home and second-home loans will rise. The details are as follows:

1. The first-home loan interest rate will be 1.1 times or 1.2 times the benchmark interest rate, and the loan term is Within one year (including one year), 1.1 times the benchmark interest rate is 4.785, and 1.2 times is 5.22; the loan term is from one to five years (including five years), and the benchmark interest rate is 1.1 times 5.225, and 1.2 times is 5.7. For a term of more than five years, the implementation of 1.1 times the benchmark interest rate is 5.39, and 1.2 times is 5.88.

2. The second home loan interest rate is 1.1 times, 1.2 times or 1.3 times the benchmark interest rate. The loan period is within one year (including one year). The 1.1 times the benchmark interest rate is 4.785, and the 1.2 times is 4.785. 5.22, 1.3 times is 5.655; the loan term is one to five years (including five years), 1.1 times the benchmark interest rate is 5.225, 1.2 times is 5.7, 1.3 times is 6.175, the loan term is more than five years, the benchmark interest rate is 1.1 The multiple is 5.39, the 1.2 times is 5.88, and the 1.3 times is 6.37.

Agricultural Bank of China provident fund loans are as follows:

1. The interest rate of first-time housing provident fund loans will not increase, the loan period is less than five years (including five years), the annual interest rate of the loan is 2.75, and the loan period For more than five years, the annual interest rate of the loan is 3.25.

2. The second home loan interest rate is 1.1 times the benchmark interest rate. The loan term is less than five years (including five years). The implementation benchmark interest rate is 1.1 times 3.025. The loan term is more than five years. The implementation benchmark 1.1 times the interest rate is 3.575. Is the provident fund loan interest rate adjusted every year?

The housing provident fund loan interest rate is not fixed. Its interest rate is usually a floating interest rate, which can be adjusted at any time according to the needs of economic development. The housing provident fund loan interest rates of major banks are adjusted based on the provident fund loan interest rates announced by the central bank. However, the central bank does not adjust the provident fund loan interest rate once a year. Usually, after one adjustment, it will be used for many years.

When a user applies for a housing provident fund loan for the first time, the interest rate will generally be based on the provident fund loan benchmark interest rate, which will not increase or decrease. However, the provident fund's benchmark interest rate will also fluctuate with the adjustment of the central bank's monetary policy. Once the benchmark interest rate changes, the user's mortgage interest rate will also be based on the new provident fund benchmark interest rate from the second year on.

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What is the housing provident fund loan interest rate?

The provident fund loan interest rate is adjusted and released by the People's Bank of China. The current personal housing provident fund loan benchmark interest rate is five (inclusive) 2.75 for a period of less than 10 years, and 3.25 for a period of more than five years.

The housing provident fund loan interest rate shall be based on the interest rate standards announced by the People's Bank of China. In the event of an interest rate adjustment, the contract interest rate will be applied if the contract period is one year. If the contract period is more than one year, the new interest rate standard will be implemented according to the corresponding interest rate grade from January 1 of the next year when the interest rate is adjusted. Generally speaking, the benchmark interest rate is applied to housing provident fund loans for first homes in various places. For loans to purchase second homes, the loan interest rate is 1.1 times the benchmark interest rate for provident fund loans.

Basic provident fund loan process

1. Confirm provident fund loan qualifications

If you want to use provident fund to borrow money to buy a house, you must first confirm with the provident fund center whether there is Eligible to use provident fund loan to purchase property. Many places have certain requirements for provident fund loans to buy a house, such as the provident fund payment period, the provident fund loan amount, the number of provident fund loans, etc. Only if you meet the requirements for applying for a provident fund loan can you initiate a loan application.

2. Select the property you want to buy and apply for a loan to the Provident Fund Center.

After confirming that you can use the provident fund loan to buy a house, you can choose the property you want to buy. After finding the property you want to buy, you can apply for a loan to the Provident Fund Center and provide relevant materials in accordance with the provident fund loan requirements.

3. The Provident Fund Center will review and approve the loan

After receiving the loan application, the Provident Fund Center will review and approve the loan application. Provident fund loans will review the user's credit profile, income, and authenticity of the property purchased. If the requirements for provident fund loans are met, the loan will be approved.

4. Go to the real estate trading center to go through the real estate transaction procedures

After the provident fund loan is approved, you need to go to the real estate trading center to go through the real estate transaction procedures, which mainly include tax payment, real estate transfer and other procedures. . The real estate transaction procedure is a very important step for housing provident fund loan purchase. If the property cannot be transferred, the provident fund loan will be cancelled. If the property can be transferred normally, the provident fund loan will be issued smoothly.

5. The Provident Fund Center issues house purchase loans

After completing all the above real estate transfer transactions, the relevant certificates for the real estate mortgage need to be handed over to the Provident Fund Center. After receiving the relevant materials, the Provident Fund Center After passing the review by the Provident Fund Center, the Provident Fund Center will issue the loan. The loan will first go to the personal account, and finally the money will be transferred to the developer through entrusted payment.