accumulation fund refers to housing accumulation fund, which is a housing security system and a form of monetization of housing distribution. Sometimes it refers to the company's provident fund.

The housing accumulation fund system is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed. Units and individual employees must fulfill the obligation to pay housing provident fund according to law.

the housing provident fund paid by individual employees and the housing provident fund paid by the unit for them shall be stored in special accounts and owned by individual employees.

Extended information:

Housing accumulation fund refers to the long-term housing savings paid by state organs 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 organizations and their employees.

starting from July 1, 217, all housing provident fund management centers in China will handle the transfer and connection of housing provident fund in different places through the platform in accordance with the requirements of the National Operating Rules for the Transfer and Connection of Housing Provident Fund in Different Places issued by the Ministry of Housing and Urban-Rural Development.

On July 1, 221, the People's Republic of China and the Ministry of Housing and Urban-Rural Development confirmed the national housing provident fund service logo and decided to start it from now on.

Deposit scope of housing provident fund:

The following units and their employees

1. Institutions and institutions;

2. State-owned enterprises, urban collective enterprises, foreign-invested enterprises, enterprises invested by Hong Kong, Macao and Taiwan businessmen, urban private enterprises and other urban enterprises or economic organizations;

3. Private non-enterprise units and social organizations;

4. Permanent representative offices of foreign, Hong Kong, Macao and Taiwan-invested enterprises and other economic organizations.

Urban individual industrial and commercial households and freelancers can apply for housing provident fund deposit (Note: Not all urban individual industrial and commercial households and freelancers are allowed to pay housing provident fund in the housing provident fund management center of each community city, please consult the local housing provident fund management agency for details)

The contribution ratio of employees and unit housing provident fund shall not be less than 5% of the average monthly salary of employees in the previous year; Conditional cities can appropriately increase the deposit ratio.

The specific deposit ratio shall be drawn up by the Housing Provident Fund Management Committee and submitted to the people's governments of provinces, autonomous regions and municipalities directly under the Central Government for approval after being audited by the people's governments at the corresponding levels. The monthly deposit base of urban individual industrial and commercial households and freelancers' housing provident fund is calculated in principle according to the average monthly tax income of the depositor in the previous year.

if the unit fails to register the deposit of housing provident fund or to set up housing provident fund accounts for its employees, the housing provident fund management center shall order it to do so within a time limit; If it is not handled within the time limit, it will be fined between 1, yuan and 5, yuan.

if the unit fails to pay or underpays the housing provident fund within the time limit, the housing provident fund management center shall order it to pay within a time limit; If the deposit is not made within the time limit, it may apply to the people's court for compulsory execution.

loan

type

individual housing provident fund loan: it is a preferential loan that the housing provident fund management center uses to entrust commercial banks to issue to depositors of housing provident fund who purchase, build, renovate, overhaul their own houses and raise funds for cooperative housing construction.

Personal housing provident fund portfolio loan: refers to that when the loan amount of housing provident fund is insufficient to pay the house purchase price, the borrower applies for housing provident fund loan and at the same time applies for commercial personal housing loan from the entrusted bank, and the two loans together form a portfolio loan.

housing provident fund loans in portfolio loans are approved by the management center, and commercial loans are approved by the entrusted banks.

The real estate developer signs the Commercial Housing Mortgage Loan Cooperation Agreement with the management center and the entrusted bank, and the real estate developer provides the borrower with a phased guarantee, and pays a deposit according to a certain percentage of the total loan. After the property certificate is completed and the mortgage registration is completed, the guarantee responsibility will be terminated and the purchased house will be mortgaged.

the borrower applies for a loan to the management center, and after it is approved, the entrusted bank signs a loan contract with the borrower and goes through the formalities of using the money.

individual housing provident fund replacement portfolio loan: firstly, the bank issues commercial housing loans to borrowers (employees who have paid housing provident fund) with bank funds, and then the entrusted bank applies for provident fund loans to the management center on behalf of the borrowers.

the borrower's provident fund loan amount is controlled within its basic provident fund loan amount and does not exceed 7% of the commercial housing loan amount, and its basic provident fund loan period is shorter than the commercial housing loan period by more than one year.