Are there any handling fees for provident fund loans?

There is no handling fee for applying for a provident fund loan. The housing provident fund management center handles provident fund loan-related services for users for free, except when handling real estate. When mortgaging, users may need to pay legal production fees and related management fees charged by the real estate department and appraisal agency in accordance with regulations.

The fees paid for applying for a personal housing provident fund loan mainly include evaluation fees, guarantee fees, loan service fees and related taxes. When registering a housing provident fund mortgage, a 2‰ fee can be charged to the applicant for the mortgage. The specific charging standards for other fees are as follows:

Guarantee fee: calculated specifically based on the loan amount and loan period

Agency fee: The charging standard is 300 yuan, please consult your loan application for details mechanism.

Appraisal fee: The charging standard is 300 yuan, of which the loan amount for second-hand houses before 1990 (including 1990) exceeds 30 yuan of the total price of the house, and the loan limit for second-hand houses after 1990 exceeds 50 yuan of the total price of the house, it is required An appraisal company is designated by the handling agency to conduct the house appraisal.

In 2012, some cities relaxed the conditions for provident fund loans. Among them, in 9 counties in Linyi City, Shandong Province, starting from June 1, 2012, the upper limit of housing provident fund loans will be increased from 200,000 yuan to 300,000 yuan.

In October 2014, the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, and the People’s Bank of China issued a document, including relaxing the conditions for provident fund loans, promoting off-site loans, reducing intermediary fees, canceling housing provident fund personal housing loan insurance, notarization, Charges such as new home appraisals and mandatory institutional guarantees will reduce the burden on loan employees. Among them, employees who have paid for 6 consecutive months can apply for provident fund loans (currently 12 months).

On August 15, 2017, the Ministry of Housing and Urban-Rural Development and others jointly issued a notice stating that starting from September 1, 2015, the down payment of 20% of the down payment for the purchase of a second house with provident fund loans will be cancelled.

The second home can enjoy provident fund loans.

According to the new policy (November 2014), housing provident fund loans are provided to employees who purchase their first self-occupied house or a second improved ordinary self-occupied house. They are not allowed to apply for a third or second home. Household provident fund personal housing loans will be issued to families of employees who contribute to the above-mentioned housing. In 2010, relevant departments issued documents requiring the implementation of a housing provident fund loan policy that supports first homes, restricts second homes, and strictly prohibits third homes.

The loan limit for first owner-occupied housing is expected to increase.

In addition, the three departments require that cities with districts where the housing provident fund personal housing loan issuance rate is lower than 85 can appropriately increase the loan amount for the first owner-occupied house based on local commodity housing prices and per capita housing area. .

Zhang Qiguang, director of the Housing Provident Fund Supervision Department of the Ministry of Housing and Urban-Rural Development, said that the housing provident fund loan limit is an important factor affecting the mutual assistance role of the system. Appropriately increasing the loan limit for the first owner-occupied house reflects the principle that the housing provident fund system supports basic housing consumption and fully utilizes funds.

How to deduct personal income tax on housing provident fund loans

Legal analysis: Provident fund loans can be deducted from personal income tax, but only for the interest expenses incurred on the taxpayer’s first home loan. Taxpayers can only enjoy one interest deduction for their first home loan, which can be a provident fund loan or a commercial loan. According to regulations, housing loan interest is deducted at a standard fixed amount of 1,000 yuan per month, and the deduction period cannot exceed 240 months. If a taxpayer or his/her spouse uses a commercial bank or housing provident fund personal housing loan alone or together to purchase a house in China for himself or his/her spouse, the interest payment on the first housing loan incurred shall be paid on a monthly basis in the year in which the loan interest is actually incurred. A standard fixed deduction of RMB 1,000 is available, with a maximum deduction period of no more than 240 months. Taxpayers can only enjoy a one-time deduction for interest on their first home loan.

Legal basis: Article 6 of the "Implementation Regulations of the Individual Income Tax Law of the People's Republic of China" The scope of various personal incomes stipulated in the Individual Income Tax Law:

(1) Wages . Salary income refers to wages, salaries, bonuses, year-end salary increases, labor dividends, allowances, subsidies and other income related to employment or employment that an individual obtains due to his or her employment.

(2) Income from labor remuneration refers to the income obtained by individuals engaged in labor services, including design, decoration, installation, drawing, laboratory testing, medical treatment, law, accounting, consulting, lecturing, translation, review, etc. Income from manuscripts, calligraphy and painting, engraving, film and television, audio and video recording, performances, performances, advertising, exhibitions, technical services, introduction services, brokerage services, agency services and other services.

(3) Income from author remuneration refers to the income an individual obtains from the publication or publication of his or her works in the form of books, newspapers, periodicals, etc.

(4) Income from royalties refers to the income obtained by individuals from providing the right to use patent rights, trademark rights, copyrights, non-patented technologies and other franchises; the income obtained from providing the right to use copyrights , excluding royalties.

(5) Business income refers to:

1. The income obtained by individual industrial and commercial households from engaging in production and business activities, from the sources of investors in sole proprietorships and individual partners in partnerships Income from the production and operation of sole proprietorships and partnerships registered in the country;

2. Income obtained by individuals from running schools, medical treatment, consulting and other paid service activities in accordance with the law;

3 .Income obtained by individuals from contracting operations, leasing operations, subcontracting, and subletting of enterprises and institutions;

4. Income obtained by individuals from other production and business activities.

(6) Interest, dividends, and bonus income refer to interest, dividends, and bonus income obtained from individuals owning debts, equity, etc.

(7) Income from property leasing refers to the income obtained by individuals from leasing real estate, machinery and equipment, vehicles, ships and other properties.

(8) Income from property transfer refers to the income obtained by individuals from the transfer of securities, equity, property shares in partnerships, real estate, machinery and equipment, vehicles and ships, and other properties.

(9) Incidental income refers to an individual’s income from winning a prize, winning a prize, winning a lottery, and other incidental income.

If it is difficult to define taxable income items for personal income, it shall be determined by the taxation department of the State Council.

The provident fund loan tax rate

According to the latest provident fund loan policy, the provident fund is generally around 3.1. 1. Materials required for a housing provident fund loan: Household register of the borrower and his or her spouse; Resident ID cards of the borrower and his or her spouse; Proof of the borrower’s marital status; Proof of down payment for house purchase; Credit status of the borrower and his or her spouse printed by the bank Report; House sales contract or agreement that complies with legal requirements. 2. Conditions for applying housing provident fund; The individual and the employer must pay the housing provident fund continuously for one year; The borrower has stable economic income, good credit, and the ability to repay the principal and interest of the loan; The borrower who purchases a commercial house must have no less than the total amount of the housing provident fund. The price is 30. 3. Housing provident fund application process: The lender prepares relevant information, fills out the loan application at the bank, and submits the materials; After receiving the application, the lending bank will confirm and review the information; After review, the lending bank will contact the lender and sign the relevant contract; Bank The loan is made and the lender fulfills its repayment obligations.

How much tax can be deducted from a provident fund loan of 600,000 yuan?

A provident fund loan of 600,000 yuan can be deducted from personal income tax. The specific deduction amount depends on the individual’s family situation and the purpose of the loan. It is generally deductible. The tax amount is 30% of the loan amount, which is 180,000 yuan. The specific deduction amount needs to be determined based on the personal family situation and the purpose of the loan. If the loan is used to purchase a home, more can be deducted, and the deduction amount can reach 50, or 300,000 yuan.

What are the conditions for purchasing a first house with a provident fund loan in Shenzhen, and how are the transaction taxes for new houses calculated?

Hello, I am happy to answer your questions about the first community.

The conditions for provident fund loans to purchase the first house include: 1. The borrower must have a household registration in the city where the first home is located; 2. The daily income must be stable, the credit is good, and the ability to repay the loan; 3. The borrower must have the ability to purchase the first home. A legal contract or agreement, with the required proportion of self-raised funds; 4. The assets specified in the "Security Law" are mortgaged or pledged for the purchase of the first home loan; 5. Agree to apply for a property purchase guarantee or mortgage property insurance; 6. Agree to the housing provident fund Other conditions specified by management.

The first new house transaction tax includes deed tax, maintenance fund, and property management fees. First house deed tax: The deed tax to be paid when buying a new house is 3-5% of the total purchase price (the tax rate is different in different provinces, municipalities and autonomous regions), and the deed tax for ordinary commercial houses is half, that is, 1.5-2.5%. Maintenance fund for the first building: collected based on the building area multiplied by a certain amount. First property management fee: paid after the house is handed over. The specific grade rate shall be implemented according to the regulations of the local price department.

The above information is for reference only. Hope this helps!

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