The minimum level of provident fund is: the minimum contribution ratio of employees and the original unit is not less than 5%, and the total minimum contribution ratio is 10%.

The maximum level of provident fund is: the maximum contribution ratio of employees and the original unit does not exceed 12%, and the total maximum contribution ratio is 24%. Units can independently determine the deposit ratio within this range, and the specific standards are determined by the localities according to the actual situation. In other words, there is only a minimum deposit ratio of housing provident fund, which is not capped. Units and individuals are allowed to deduct the housing provident fund actually paid from the personal taxable income within the range of not exceeding the average monthly salary of employees in the previous year 12%.

The minimum standards for housing provident fund are as follows:

1. The lender must have permanent residence or valid residence status in this city;

2. Push forward from the date of application, and pay the housing provident fund in full for more than 2 months (if both husband and wife pay the provident fund, only one person is allowed to borrow);

3. There are contracts (agreements) and related materials for purchasing houses, building houses and overhauling self-occupied houses according to law;

4. There is a certain proportion of self-raised funds. For the purchase of commercial housing and affordable housing, the self-raised funds shall not be less than 20% of the total house price (for the purchase of second-hand houses or the construction and overhaul of houses, the self-raised funds shall not be less than 30% of the total house price);

5. Have a stable economic income and the ability to repay the principal and interest of the loan (monthly income certificate issued by the unit);

6. Agree to use the purchased house or the house with complete property rights or the house of a third party as collateral, or use securities or bank time deposit certificates recognized by the loan bank as collateral, or provide guarantees by legal persons, organizations or third parties recognized by the loan bank.

legal ground

Regulations on the administration of housing provident fund

Eighteenth, the proportion of employees and units paid housing provident fund shall not be lower than the average monthly level of employees in the previous year.

Cities can appropriately increase the deposit ratio. The specific deposit ratio shall be drawn up by the Housing Provident Fund Management Committee and reported to the people's government at the corresponding level for approval.