Buying a house with provident funds cannot be cheap.

There is no discount in buying a house with provident fund, but the interest rate of housing provident fund loan is lower than that of commercial loan.

In addition to the housing provident fund paid by employees, the unit must also pay a certain amount for employees, and the interest rate of housing provident fund loans is lower than that of commercial loans.

The interest rate of provident fund loans is set by the People's Bank of China and is different from the benchmark interest rate of commercial bank loans.

The interest rate of provident fund loans is lower than that of commercial loans. Within 5 years (including 5 years), the monthly and annual interest rates are 2.75%; for more than 5 years, the annual interest rate is 3.25%.

The state stipulates that the provident fund loan limit cannot exceed twice the amount of housing provident fund paid by the borrower during his retirement age.

The specific calculation method for provident fund loan interest rates is as follows: 1. Base rate: The benchmark interest rate for provident fund loans is determined by relevant national departments based on the economic situation and market conditions, and is generally adjusted regularly.

2. Interest rate fluctuation: Depending on factors such as personal credit status and loan amount, the interest rate of provident fund loans will fluctuate to a certain extent.

Generally speaking, borrowers with better credit and smaller loan amounts can enjoy lower interest rate fluctuations.

3. Actual interest rate: The actual interest rate of a provident fund loan is the result of the base interest rate plus the interest rate floating rate.

The specific calculation method is to add the base interest rate and the interest rate floating.

To sum up, the calculation methods of provident fund loan interest rates may be different in different regions and different banks. The specific interest rates are subject to relevant local policies and bank regulations.

Legal basis: "Regulations of the People's Republic of China on the Administration of Housing Provident Fund" Article 24 If an employee has any of the following circumstances, he or she may withdraw the balance in the employee housing provident fund account: (1) Purchase, construction, renovation, or overhaul

Those who live in their own homes; (2) Retired or retired; (3) Those who have completely lost the ability to work and terminated the labor relationship with the unit; (4) Those who left the country to settle; (5) Those who repay the principal and interest of the home purchase loan; (6) The rent exceeds

A prescribed proportion of family wage income.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, when the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time.

If an employee dies or is declared dead, the employee's heirs or legatees can withdraw the balance in the employee's housing provident fund account; if there is no heir or legatee, the balance in the employee's housing provident fund account will be included in the appreciation income of the housing provident fund.