The basic deposit ratio of housing provident fund for units and individuals is within the range of 5%- 12%, and the highest deposit ratio of housing provident fund for units and employees is not more than12%; Each deposit unit may, according to its own production and operation, appropriately reduce the deposit ratio of housing provident fund in stages, but the minimum deposit ratio shall not be less than 5%.
Provident fund loans are as follows:
1, housing loan: provident fund housing loan is mainly used to buy self-occupied housing, with low interest rate, which is the first choice for many buyers.
2. Rental loan: The provident fund rental loan is used to pay the rent, and the conditions are relatively loose, which meets the needs of many renters.
To sum up, provident fund loan is a kind of welfare for employees, but whether it can be used or not depends on personal situation and local policies. When using provident fund loans, you need to understand the relevant regulations and procedures to ensure the legal use of provident fund.
Legal basis:
Regulations of People's Republic of China (PRC) Municipality on the Administration of Housing Provident Fund
Article 26
Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.