What is the provident fund loan interest rate in 2022

According to the provident fund loan interest rate table of the People's Bank of China in 2022, the provident fund interest rate is:

1. Personal housing housing provident fund Deposits: The annual interest rate for deposits paid in the current year and carried forward from the previous year is 1.5%;

2. Personal housing provident fund loans: the annual interest rate for five years or less (including five years) is 2.75%, and the annual interest rate for more than five years is 2.75%. is 3.25%.

Is provident fund interest the same as bank interest?

The money in the housing provident fund account has the same interest as the deposit, but the interest is not very high. It is usually settled once a year, on June 30 of each year. After settlement, the interest will be deposited into the provident fund account. At that time, a corresponding text message will be notified to the user, telling you how much interest accrued in the provident fund account in the previous year.

The money in the housing provident fund is equivalent to a current deposit. It can be withdrawn or deposited. Interest is calculated from the date when the housing provident fund paid by individuals and units is deposited into the individual housing provident fund account. According to the People's Bank of China Interest will be calculated based on the savings deposit interest rate stipulated before. If you do not use the amount of housing provident fund for a long time, the housing provident fund will also generate corresponding interest like a deposit.

The provident fund balance transferred in the current year will bear interest according to the current savings deposit rate. The housing provident fund balance carried forward from the previous year will bear interest at the interest rate based on the three-month lump sum deposit. If the user withdraws part of the provident fund, Then it is stipulated that the balance transferred first will be withdrawn.

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 based on the account balance. The larger the account balance, the more money you can apply for. A high loan amount can also save the lender more interest.

What is the interest rate for provident fund loans?

1. The interest rate for the provident fund loan for the first personal housing will be reduced from the current 2.75% to 2.6% for a term of less than five years (including five years), and will be reduced from the current 3.25% for a term of more than five years. to 3.1%. The interest rate for the provident fund loan for the second set of personal housing remains unchanged, that is, 3.025% for Zhenlun with a term of less than five years (including five years), and 3.575% for a term of more than five years.

2. Personal housing provident fund loans that have been issued before October 1, 2022 will implement the new interest rate standards from January 1, 2023.

3. All management departments will return the first personal housing provident fund loans that have been accepted but not disbursed before October 1, 2022 to a state where the interest rate can be modified, and the interest rate will be readjusted in accordance with the requirements of this notice. , submit for review.

4. For loans whose interest rates have been readjusted, the "Loan Approval Form" and the "Special Signing Agreement" related to the interest rate and monthly repayment amount need to be reprinted.

5. For first-time housing provident fund personal housing loan rental rolls applied for after October 1, 2022, the adjusted interest rate will apply.

What is the latest housing provident fund loan interest rate

The latest provident fund base interest rate in 2022 is as follows:

(1) Starting from October 1, 2022, personal housing provident fund The loan interest rate is determined based on the number of housing units for the employee's family.

(2) The interest rate for provident fund loans for the first set of personal housing will be reduced by 0.15 percentage points, to 2.6% for less than 5 years (including 5 years) and 3.1% for more than 5 years; for the second set of personal housing provident fund loans, the interest rate will be 5. 3.025% for less than 5 years (including 5 years) and 3.575% for more than 5 years.

(3) If you apply for a combination loan to purchase a house, the interest rate of commercial personal housing loans shall be based on the commercial bank’s housing unit identification standards.

Housing provident fund loans that were originally based on the benchmark interest rate will implement the new interest rate from January 1, 2023, which will be reduced by 0.15 percentage points, that is, 2.6% for less than 5 years (including 5 years) and 3.1% for more than 5 years. %.

For housing provident fund loans that were originally subject to a 1.1 times increase in the benchmark interest rate, the interest rates remain unchanged at 3.025% for less than 5 years (including 5 years) and 3.575% for more than 5 years.

Other related policies:

Continue to stop issuing housing provident fund loans to employee families who purchase their third (and above) homes; continue to stop providing housing provident fund loans to third (inclusive) users of housing provident funds. Loans and housing provident fund loans are issued to employee families who have not yet paid off their housing provident fund loans.

Housing provident fund loan interest rate

According to the 2022 People's Bank of China provident fund loan interest rate table, the provident fund interest rate is: 1. Personal housing provident fund deposits: annual interest rate paid in the current year and carried forward from the previous year Both are 1.5%; 2. Personal housing provident fund loans: the annual interest rate for five years or less (including five years) is 2.75%, and the annual interest rate for more than five years is 3.25%. Provident fund loans refer to personal provident fund loans. Provident fund management offices across the country use the provident funds paid by employees who apply for individual provident fund loans to entrust commercial banks to pay housing provident funds for the purchase, construction, demolition and maintenance of self-occupied houses. House mortgage loans distributed to depositors and retired employees who have paid provident funds during their employment period. The above is the relevant content about the housing provident fund interest rate in 2022. How to get a provident fund loan? Provident funds can be used for loans to buy houses. Users must prepare personal identification documents, provident fund co-branded cards, house purchase agreements signed with real estate developers, down payment receipts, residence certificates (household registration books or temporary residence certificates), and personal income. Just go to the local Provident Fund Management Office branch to find a staff member to apply for a loan if you need proof (such as bank statements, salary slips) and other relevant information.

After receiving the application form and completing it, the user can submit the report and related materials together, and then wait for review. After review, the management office will review and approve the house based on the material information provided by the user, and an assessment agency will evaluate the value of the house. Once approved, the user will be notified. After receiving the approval notice, the user will go to the business outlet to sign the loan contract within the promised time, and go to the Real Estate Administration Bureau to handle mortgage and other related procedures, after which the bank will distribute the loan funds. Generally, it will take about two to three months from the time the user submits the loan application to the time the loan funds are distributed. Of course, if the bank encounters a shortage of funds and delays in approval and loan disbursement, it may take longer.

This concludes the introduction to the personal provident fund loan interest rate table and personal provident fund loan base interest rate. Have you found the information you need?