The interest rates of provident fund loans in p>224 are as follows:

1. The interest rate of the first suite for less than 5 years including 5 years is 2.6%, and the interest rate for more than 5 years is 3.1%.

2. The interest rate for the second suite is 3.25% for less than 5 years, and 3.575% for more than 5 years.

provident fund loan process:

1. Application: The borrower should submit a written application for housing provident fund loan to the housing provident fund management center, and truthfully fill in the application form for housing provident fund loan and related materials, such as: personal identity card, borrower's marriage certificate, income certificate of the applicant and spouse, legal original house purchase contract, seal of the applicant and spouse, etc.

2. preliminary examination: the housing provident fund management center conducts a preliminary examination of the applicant's materials, including the applicant's qualification, loan amount, term, etc. After passing the preliminary examination, the management center will issue a Notice of Collateral Examination and Evaluation.

3. Evaluation: After receiving the Notice of Collateral Review and Evaluation, the applicant will take the notice to the designated evaluation institution to evaluate the value of the house to be purchased. If it is affordable, the evaluation is not required.

4. review: after the applicant gets the evaluation report issued by the evaluation agency, he will go to the provident fund management center to review the payment with the evaluation report and the preliminary examination materials. If the review is passed, the management center will issue the Notice of Investigation on the Entrusted Loan Guaranteed by the Housing Fund Management Center.

to sum up, the adjustment of the interest rate of provident fund loans in 224 provides more favorable loan conditions for buyers, especially for first-home buyers, which helps to reduce the cost of buying houses.

Legal basis:

Regulations on the Management of Housing Provident Fund

Article 16

The monthly contribution of employee housing provident fund is the average monthly salary of the employee in the previous year multiplied by the contribution ratio of employee housing provident fund. The monthly deposit amount of the housing provident fund paid by the unit for the employees is the average monthly salary of the employees in the previous year multiplied by the proportion of the housing provident fund paid by the unit.

Article 18

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 shall be 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.