According to the information from official website, Chongqing Municipal People's Government, the personal housing loan interest rate of housing provident fund is implemented according to the regulations of the People's Bank of China and adjusted with the interest rate adjustment of the People's Bank of China. As of February 19, 2024, the interest rate of individual housing loan of Chongqing housing provident fund is 2.6% for less than five years and 3. 1% for more than five years, and the longest term of individual housing loan of Chongqing housing provident fund is 30 years. Provident fund refers to a social security fund paid by the state and individuals to provide financial support for employees' retirement and house purchase. The main purpose of the provident fund is to help employees provide low-interest loans when buying a house, and it can also be used in situations such as renting a house, decorating, leaving a job, and retiring. Provident fund is an important housing welfare system and a form of monetization of housing distribution, which is mandatory, mutually beneficial and guaranteed.