The calculation formula of personal loan rate is the interest rate of housing provident fund personal loan.
1. Personal loan rate
The personal loan rate is a personal loan rate of up to 90%. No matter what kind of loan you use. The ratio of the 90% provident fund personal loan balance to the housing provident fund personal payment balance. The formula is housing provident fund personal loan rate = (housing provident fund personal loan balance/housing provident fund personal payment balance) * 100. That is, the balance of individual housing provident fund loans in a certain city is 12 billion yuan, and the balance of individual housing provident fund payments is 10 billion yuan, then: then the city's housing provident fund individual loan rate = (12 billion yuan/10 billion yuan) * 100.
2. Personal loan rate
In cities with higher personal loan rates, housing provident fund loans are relatively more difficult, especially in big cities, especially in areas with relatively high housing prices. This ratio is very high, around 90, because there are many people taking out loans and the amounts are high, so in areas with high loan rates, there is sometimes a queue for loans. However, in the underdeveloped areas of the central and western regions, it is relatively easy to get loans because the personal loan rate is relatively low in proportion. Therefore, the personal loan rate is an important indicator that reflects the provident fund’s support for personal loans to buy houses.
: The personal loan rate is the housing provident fund personal loan rate, which is the ratio of the housing provident fund personal housing loan balance to the deposit balance.
1. Housing Provident Fund
Refers to state agencies and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-profit Enterprises, social groups and their employees make equal contributions to long-term housing savings. Starting from July 1, 2017, all housing provident fund management centers across the country will handle the off-site transfer and continuation of housing provident funds through the platform in accordance with the requirements of the "National Operating Procedures for the Transfer and Continuation of Housing Provident Funds in Other Places" issued by the Ministry of Housing and Urban-Rural Development. On July 1, 2021, the People's Republic of China and the Ministry of Housing and Urban-Rural Development determined the national housing provident fund service logo and decided to activate it from now on.
2. Development
In 2011, the Ministry of Housing and Urban-Rural Development was working with various departments to study and revise the "Housing Provident Fund Management Regulations", allowing individuals to withdraw provident funds to pay for housing. Rent regulations. In 2013, some cities introduced measures to allow employees with serious illnesses or their immediate family members to withdraw provident funds for emergency relief. In 2014, the three departments issued a document to cancel charging items such as housing provident fund personal housing loan insurance, notarization, new home evaluation and mandatory institutional guarantees to reduce the burden on loan employees.