The interest rate for provident fund loans in 2022 is 3.25% for provident fund loans for more than five years, and the monthly interest rate is 3.25%/12. The interest rate for provident fund loans for five years and less is 2.75% per year, which is the same across the country. The interest rate of housing provident fund loans shall be based on the interest rate standards announced by the People's Bank of China. In the event of interest rate adjustment, the contract interest rate will be applied if the contract period is one year. If the contract period is more than one year, the interest rate will be calculated from January 1 of the next year when the interest rate is adjusted. New interest rate standards will be implemented according to the corresponding interest rate grades. Generally, the benchmark interest rate for housing provident fund loans in various localities for first homes. For loans to purchase second homes, the loan interest rate will be 1.1 times the benchmark interest rate for provident fund loans.

Characteristics of housing provident fund

If an employee withdraws the balance in the housing provident fund account, the unit where he/she works shall verify it and issue a withdrawal certificate. The employee shall present the withdrawal certificate to the housing provident fund management center When applying to withdraw the housing provident fund, the housing provident fund management center shall make a decision to approve or disallow the withdrawal within 3 days from the date of accepting the application, and notify the applicant that if the withdrawal is approved, the entrusted bank shall handle the payment procedures.

Housing provident fund loans refer to local housing provident fund management centers using the housing provident funds paid by employees and their units, and entrusting commercial banks to provide housing provident funds to current employees who have paid housing provident funds and to employees who have paid housing provident funds during their employment. House mortgage loans issued by retired employees. For residents who have participated in paying the housing provident fund, housing provident fund low-interest loans should be the first choice when buying a house.

Housing provident fund loans are policy subsidies, and the loan interest rate is very low, which is not only lower than the commercial bank loan interest rate in the same period, but also lower than the commercial bank deposit interest rate in the same period. That is to say, between the housing provident fund mortgage loan interest rate and There is an interest rate difference between bank deposit interest rates, and at the same time, housing provident fund loan charges are halved when handling related procedures such as mortgage and insurance.