1-5-year provident fund loan interest rate is 3.6% and 6-30-year interest rate is 4.05%. Commercial loan interest rate1-4.77% for 5 years and 5.04% for 6-30 years.
Ordinary employees can apply for housing provident fund loans before the age of 65, and deputy ministerial cadres can apply for housing provident fund loans before the age of 75.
There are two conditions for employees to apply for housing provident fund loans: the first requirement is to establish provident fund for more than one year, and the second requirement is to continuously deposit provident fund for six months before applying for loans.
Loan amount: purchase public housing at the cost of housing reform, with a single loan amount of no more than 300,000 yuan and no more than 90% of the house price; The purchase of commercial housing and affordable housing, a single loan does not exceed 300 thousand yuan, and does not exceed 80% of the house price; Apply for a housing provident fund loan to buy a second-hand house. The maximum amount of a single loan is not more than 300,000 yuan, and it does not exceed 80% of the appraised price of the house.
The repayment time of housing provident fund loans shall not exceed 30 years at the longest. For employees with a monthly income of less than 2,000 yuan, the minimum monthly repayment amount should be 20% of the family income, and for employees with a monthly income of 2,000-5,000 yuan, the minimum monthly repayment amount should be more than 25% of the total income; Employees with a monthly income of more than 5,000 yuan should pay more than 30% of their monthly income.
According to the regulations, the interest rate of housing provident fund loans is fixed at one year. If the interest rate is adjusted during the loan period, and the loan period is only one year, the interest rate will not be adjusted. If the loan term is more than one year, the new interest rate will be implemented from the following year 1 month 1 day.
Loan guarantee method: the first is the promise of selling and subletting. Mainly refers to the purchase of public housing units for sale. When the lender fails to repay the loan during the loan period, the original unit shall recover the property right of the house and resettle it separately. If there are difficulties in resettlement, rent it. Second, the property mortgage is low. If the lender cannot repay the loan, the bank will exercise its low mortgage right through legal procedures, dispose of the house and repay the loan with the proceeds. The third way of guarantee is called pledge of rights. The time deposit certificate of China Construction Bank and the national debt underwritten by China Construction Bank are pledged. If the individual cannot repay the loan during the loan period, the bank will cash the deposit certificate or national debt to repay the loan.
At present, there are two ways to repay loans. If your loan term is less than one year, you will pay the principal and interest in one lump sum. If your loan term is more than one year, the equal principal and interest repayment method will be implemented. That is, the principal and interest of your monthly repayment are equal.