China provident fund loan refers to providing housing, education, medical care and other loan services to eligible employees under certain conditions. Among them, the maximum amount and loan period of provident fund loans will be affected by local policies and regulations. Generally speaking, the maximum amount of provident fund loans will be evaluated according to the borrower's provident fund deposit period, deposit base, loan purpose, family income and other factors. Different cities have different policies. For example, the maximum amount of provident fund loans in Beijing is 80% of the account balance, and that in Shanghai is 90%. In addition, the minimum amount of provident fund loans will also be stipulated by the policy. For example, within the scope of Guangdong Province, the minimum amount of provident fund loans is 6,543,800 yuan.
How to calculate the interest rate of provident fund loans? The interest rate of provident fund loans is generally stipulated by local policies. For example, in Beijing, the interest rate of provident fund loans is divided into two grades:12.75% for 5 years and 3.25% for 6-30 years. In Shanghai, the interest rate of provident fund loans is the benchmark interest rate (currently 3.25%) plus the floating ratio.
It should be noted that provident fund loans also need to meet various conditions, including the nature of first-time purchase and no housing. In addition, the regulations of different provinces and cities may be different, depending on local policies. It is recommended to know the relevant regulations in advance and carefully choose provident fund loans.
Legal basis:
Measures for the administration of provident fund loans Article 12 The amount of provident fund loans shall not exceed 80% of the balance of the borrower's provident fund account and 80% of the total purchase price.