Provident fund discount loan refers to the commercial personal housing loan issued by the housing provident fund management center in cooperation with relevant commercial banks. Any borrower who meets the conditions of the center's interest subsidy will be given a discount by the center according to the amount of interest subsidy that the borrower can apply for. Its nature is a policy discount loan to support borrowers to buy houses. When the CPF Center has sufficient funds, the discount will be cancelled in time. For example, some time ago, the Central National Housing Provident Fund Management Center announced that it would suspend accepting applications for policy interest subsidies for individual housing loans. For example, Xiaoming wants to buy a house of 2 million yuan, with a down payment of 600,000 yuan, and needs a loan of 6,543,800+0.4 million yuan for 30 years. The maximum amount of provident fund loans is 800,000 yuan. Due to the tight quota of the provident fund center, he can only borrow 600,000 yuan, and the remaining 800,000 yuan needs to apply for a portfolio loan from a commercial bank. The cycle was slow and troublesome, and the Provident Fund Center proposed to introduce Xiaoming to a cooperative bank to apply for a total of 6.5438+0.4 million yuan. Among them, the loan interest rate of 800,000 yuan is still calculated according to 3.25% of the provident fund, and the current benchmark interest rate for commercial loans is 4.9%. The interest difference between commercial bank loans and provident fund loans is borne by the provident fund center, and 600,000 yuan is implemented according to the commercial loan interest rate, which solves the problem of Xiaoming's loan amount. It should be noted that the amount of discount loans cannot exceed the maximum loan amount stipulated by the provident fund center.