Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.
From 20 1 July1day, all housing provident fund management centers in China will handle the transfer and connection of housing provident fund in different places through the platform according to the requirements of the National Operating Rules for the Transfer and Connection of Housing Provident Fund in Different Places issued by the Ministry of Housing and Urban-Rural Development.
The annual interest rate of the first housing provident fund loan is 4.5%, and employees can use the balance in the provident fund account to repay the loan in time by withdrawing the provident fund every month. There are two specific situations:
1. When the employee's provident fund account balance is greater than the monthly repayment amount, it will be directly deducted from the provident fund account.
2. When the employee's provident fund account balance is less than the monthly repayment amount, it will be deducted from the designated bank account. When the balance of the provident fund account is accumulated enough for repayment, it will be deducted from the provident fund account in the current month, and the bank account will not be moved.
Personal housing provident fund loan refers to the borrower who pays the housing provident fund in full and on time according to the Regulations on the Administration of Housing Provident Fund. When buying a self-occupied house, the purchased house or other property with ownership is used as mortgage or pledge, or a third party provides guarantee for its loan and assumes joint and several liability for repayment of principal and interest, and applies for a housing loan with housing provident fund as the source of funds.
Workers who pay housing provident fund in accordance with the regulations can apply for housing provident fund loans from the housing provident fund management agencies when purchasing (new commercial housing, housing reform, fund-raising housing, demolition and resettlement housing, and second-hand housing), building, renovating or overhauling their own houses.