The employer pays the majority of the housing provident fund, while employees pay a relatively small proportion.

Relevant regulations on the payment of housing provident funds by employers

The State Council's "Regulations on the Administration of Housing Provident Funds" clearly stipulates that state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and Other urban enterprises, public institutions, private non-enterprise units, social groups and other units should establish housing provident funds for their employees.

The Housing Provident Fund Management Center stated that if a citizen encounters a housing provident fund failure to pay the provident fund, citizens can complain to the provident fund center. If the situation is true, the center will order the unit to pay according to the "Housing Provident Fund Management Regulations". Those who still refuse to pay will be subject to enforcement according to law. The Municipal Housing Provident Fund Center reminds that some units in our city have self-established provident funds. The provident funds paid by employees are not turned over to the Municipal Housing Provident Fund Center, but are managed by the units themselves. In this way, if something happens to the company, it will be difficult for the rights and interests of employees to be protected. If employees cannot enjoy the benefits of provident fund loans, they should resolutely report it if they encounter such a situation.

The housing provident fund is a long-term housing savings deposited by the unit and its employees. It is the main form of monetization, socialization and legalization of housing distribution. The housing provident fund system is an important housing social security system stipulated by the country's laws and is mandatory, mutually supportive, and protective. Units, employees and individuals must fulfill their obligations to pay housing provident funds in accordance with the law. Housing provident funds are paid jointly by the employer and employees. The employer's employer contribution rate is about 5% of the employee's total salary, and the employee's individual contribution rate is 5% of his or her salary income.

If the average monthly salary of employees is 300% higher than the average monthly salary of employees in the coordinated area in the previous year, both individuals and units shall make payment based on 300% of the average monthly salary of employees in the coordinated area; If the average salary is lower than 60% of the average monthly salary of employees in the coordinated area in the previous year, both individuals and units shall pay based on 60% of the average monthly salary of employees in the coordinated area. For other relevant regulations on the payment of housing provident funds by employers, you can learn from the local housing provident fund center.

The law is objective:

How to determine the amount of housing provident fund payment 1) The amount of housing provident fund payment = the employee’s average monthly salary in the previous year and the individual contribution ratio + the employee’s contribution in the previous year Unit contribution ratio of average monthly salary (individual and unit contribution amounts are rounded off). 2) How to settle housing provident fund interest? The Fund Management Center settles housing provident fund interest on June 30 every year and prints an interest settlement statement. Flowchart for applying for a provident fund loan: Get the "Loan Application Form" -> The Credit Department provides loan-related materials -> The guarantee company handles the mortgage procedures -> Sign a loan contract with the Credit Department and fill in the loan transfer receipt -> The center entrusts a bank to lend money -> Borrow People repay their loans on time every month. At present, provident fund loans are not only widely used in the purchase of new houses, but also in the purchase of second-hand houses. Since the annual interest rate of provident fund loans is only 4.41%, which is nearly one percentage point lower than the current commercial loan interest rate of 5.51%, a common concept has been formed in the minds of most home buyers: using provident fund loans saves money than using commercial loans. Experts from the I Love My Family Financial Management Department revealed to reporters that the advantages of provident fund loans are not only limited to preferential interest rates, but also have many advantages such as high loan amounts, long terms, flexible and convenient repayments, etc. 1. Provident fund loan interest rates are preferential. (1) With the same loan amount and the same repayment period, provident fund loans can save tens of thousands of yuan in interest compared with commercial loans. Take a house worth 400,000 yuan as an example, with a loan of 280,000 yuan. If the commercial loan term is 25 years, the average monthly repayment is 1,721 yuan, the total payment over 25 years is 516,300 yuan, and the total interest payment is as high as 236,300 yuan. For the same provident fund loan with a term of 25 years, the average monthly repayment is 1,548 yuan, the total repayment in 25 years is 464,400 yuan, and the total interest payment is 184,400 yuan. Compared with commercial loans, the monthly payment can be 173 yuan less, 25 The annual *** interest expense savings is nearly 51,900 yuan. (2) With the same loan amount and the same repayment amount, provident fund loans not only have shorter repayment time than commercial loans, but also have much lower repayment interest. Similarly, if a 280,000 yuan loan is repaid at the same monthly amount of 1,721 yuan, the commercial loan will be repaid for 300 months, lasting 25 years, with a total payment of 516,300 yuan and an interest payment of 236,300 yuan. On the 251st month of repayment for a provident fund loan, that is, in the 21st year, all principal and interest have been repaid. The total payment is 430,715 yuan, and the interest payment is only 150,715 yuan, which saves 85,585 yuan in interest expenses compared with commercial loans. 2. The repayment methods and early repayment of provident fund loans are flexible and convenient. (1) Flexible repayment methods: The repayment methods of provident fund loans are extremely flexible. The borrower can determine the monthly repayment amount at will as long as the monthly repayment amount is not less than the "minimum repayment amount", which is very convenient for the borrower. funding arrangements. (2) Convenient early repayment: Provident fund loan early repayment (3) The amount is flexible, making it easier to control funds. For early repayment of commercial loans, the amount must be a multiple of 10,000 or 50,000, while there are no specific regulations for provident fund loans. As long as it is greater than the "minimum repayment amount", all amounts will be regarded as early repayment.