1. For the first suite, the interest rate is 3.25% for less than five years (including five years) and 4.25% for more than five years.

2. For the second suite, the loan interest rate rises 10% on the basis of the first suite, that is, the interest rate is 3.575% for less than five years (including five years) and 4.725% for more than five years.

Hangzhou provident fund loan process:

1. Loan application: employees apply for loans from entrusted banks according to different types of houses they buy.

2. Loan acceptance: If the preliminary examination and interview meet the requirements, the entrusted bank will accept the loan application.

3. Loan approval: If the employee loan application is accepted by the entrusted bank, the entrusted bank shall submit it to the provident fund center for approval in time.

4. Signing: After the employee loan application is approved, the entrusted bank will inform the borrower to go through the signing formalities.

5. Loan review: The Center will review the loan after receiving the mortgage certificate.

6. Loan issuance: The entrusted bank issues loans according to the loan conditions agreed in the secured loan contract, and the loan funds are transferred to the account agreed in the contract.

To sum up, the adjustment of Hangzhou provident fund mortgage interest rate is based on national policies and market conditions, aiming at balancing the demand of buyers and the stable development of the real estate market.

Legal basis:

Regulations on the administration of housing provident fund

Article 26

Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.

Article 27

Applicants who apply for housing provident fund loans shall provide guarantees.