I. Setting and adjustment of the interest rate of provident fund loans
The interest rate of provident fund loans is comprehensively determined by relevant government departments according to macroeconomic conditions, real estate market trends, capital supply and demand and other factors. Different from LPR (loan market quotation rate), the setting and adjustment of provident fund loan interest rate has its own independent mechanism and consideration factors.
second, the relationship between LPR and provident fund loan interest rate
LPR is the loan interest rate that commercial banks implement for their best customers, which mainly affects the loan interest rate level of commercial banks. Although the provident fund loan is a policy loan, its interest rate is not directly affected by LPR, but the market-oriented reform of LPR has an important impact on the formation of interest rate in the whole loan market, and indirectly may also have a certain impact on the adjustment of the interest rate of provident fund loans.
iii. floating mechanism of provident fund loan interest rate
although the provident fund loan interest rate does not directly follow the LPR, the relevant departments will adjust the provident fund loan interest rate in a timely manner according to market conditions. This adjustment may be upward or downward, aiming at maintaining the rationality and effectiveness of the provident fund loan policy and promoting the stable and healthy development of the real estate market.
IV. Other factors that affect the interest rate of provident fund loans
In addition to macroeconomic and real estate market factors, factors such as provident fund loan policies, capital supply and demand, and credit status of lenders may also affect the interest rate of provident fund loans. Therefore, when applying for provident fund loans, borrowers need to pay attention to relevant policy changes and market dynamics in order to make reasonable loan decisions.
To sum up:
The fluctuation of the interest rate of provident fund loans is not directly affected by LPR, but is independently adjusted by relevant departments according to macro-economy and real estate market. Although the market-oriented reform of LPR has an important impact on the formation of interest rate in the whole loan market, the interest rate of provident fund loans still has its own independent floating mechanism. When applying for provident fund loans, borrowers should pay attention to relevant policy changes and market dynamics in order to make reasonable loan decisions.
Legal basis:
Article 6 of the Regulations on the Management of Housing Provident Funds
stipulates:
The deposit and loan interest rates of housing provident funds are proposed by the People's Bank of China and submitted to the State Council for approval after consulting the construction administrative department of the State Council.
the announcement of the people's bank of China on interest rate adjustment of newly issued commercial personal housing loans
article 1 stipulates:
from October 8, 219, the interest rate of newly issued commercial personal housing loans will be formed by adding the loan market quotation rate (LPR) of the latest month for the corresponding period as the pricing benchmark. The interest rate of the first set of commercial personal housing loans shall not be lower than the corresponding term LPR, and the interest rate of the second set of commercial personal housing loans shall not be lower than the corresponding term LPR plus 6 basis points.