The provident fund mortgage loan interest rate

The provident fund mortgage loan interest rate for more than 5 years is 4.25, and the monthly interest rate is 4.25/12. The provident fund loan interest rate for 5 years and below is an annual interest rate of 3.75.

Provident fund generally refers to housing provident fund. The housing provident fund refers to the equal contributions made by state agencies and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social groups and their employees. Long-term housing savings.

Dongguan’s personal provident fund loan interest rate for more than 5 years has been reduced to 3.1

On October 8, the Dongguan Housing Provident Fund Management Center issued a notice on lowering the interest rate for the first personal housing provident fund loan.

According to the understanding of Guan Guan New Media, the "Notice" shows that in accordance with the decision requirements of "The People's Bank of China decided to lower the interest rate of housing provident fund loans for first-time individuals", the relevant matters regarding the adjustment of housing provident fund loan interest rates in Dongguan City are hereby notified.

Starting from October 1, 2022, the interest rate for first-time personal housing provident fund loans will be reduced: the interest rate for personal housing provident fund loans with a term of less than 5 years (including 5 years) will be reduced from 2.75 to 2.6, and the interest rate of personal housing provident fund loans with a term of more than 5 years will be reduced from 2.75 to 2.6. The housing provident fund loan interest rate was lowered from 3.25 to 3.1. The interest rate policy for the second set of personal housing provident fund loans remains unchanged, that is, the interest rates for less than 5 years (including 5 years) and more than 5 years will not be lower than 3.025 and 3.575 respectively.

Personal housing provident fund loans issued after October 1, 2022 (inclusive) will be subject to the adjusted new interest rate. Individual housing provident fund loans that have been issued before October 1, 2022 and have not yet been settled will be subject to the adjusted new interest rate from January 1, 2023.

How to calculate provident fund loan interest?

The calculation of provident fund loans is determined based on four conditions: loan repayment ability, housing price ratio, housing provident fund account balance and maximum loan limit. The minimum value calculated from the four conditions is the maximum loan amount that the lender can amount.

Calculate the monthly income of yourself and *** the same applicant: Monthly income = monthly personal housing provident fund payment amount ÷ housing provident fund payment ratio;

Calculate the maximum loan amount : Your family’s monthly income (referring to the monthly income of both husband and wife, the monthly income of retired employees and their children and other applicants with the same condition, the same below), the remaining amount after deducting at least 400 yuan of living expenses per month, divided by The average monthly loan repayment amount per 10,000 yuan for the loan application period is the maximum loan amount.

How much is the provident fund interest?

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 rates for deposits in the current year and carryover from the previous year are both 1.5;

2. Personal housing provident fund loan: 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.

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.

Dongguan Provident Fund Mortgage Interest Rate

Dongguan Residential Provident Fund Loan Interest Rate in 2020:

1. Base Interest Rate: The base interest rate is 4.7, which is based on the national benchmark for that year Interest rate calculation.

2. Discounted interest rate: The discounted interest rate is 4.35, which is calculated based on 85% of the national benchmark interest rate that year.

3. Subsidy interest rate: The discount interest rate is 4.05, which is calculated based on 75 of 85 of the national benchmark interest rate that year.

4. Comprehensive interest rate: The comprehensive interest rate is 3.75, which is calculated based on 85-75-75 of the national benchmark interest rate that year.

In addition, Dongguan housing provident fund loans can also enjoy the government's interest subsidy policy. The lowest interest rate of the subsidy policy is 3.5. Depending on the actual situation of different lenders, you can enjoy lower interest rates.

That’s it for the introduction of Dongguan Housing Provident Fund loan interest rate.