Provident fund loan is related to people's livelihood issues such as housing purchase. In order to maintain the stable and healthy development of the real estate market and guarantee the housing demand of the working class, the state has to pay more attention to the public accumulation fund loan. In recent years, it intends to reduce the interest rate of provident fund loans. So is the interest rate of housing fund loan high in 2018? How about the interest of housing fund loan?
What is the interest rate of provident fund loan
1) the interest rate of CPF loan in 2017 is as follows: according to the announcement of the central bank, the interest rate of RMB loan and deposit of financial institutions is further reduced by 0.25%. Among them, the benchmark interest rate of one-year loan was reduced by 0.25% to 4.35%, and the interest rate of one-year deposit was reduced by 0.25% to 1.5%.
2) on November 21, 2014, the central bank decided to reduce the loan interest rate and deposit interest rate, and the loan interest rate of personal provident fund was also reduced. The loan interest rate was 4.25% for more than 5 years, and 3.75% for 5 years and less.
3) on March 1, 2015, the central bank decided to reduce the loan interest rate and deposit interest rate, and the loan interest rate of personal provident fund was also reduced. The loan interest rate was 4% for more than 5 years and 3.5% for 5 years and less.
4) on June 28, 2015, the people's Bank of China decided to reduce the loan interest rate of provident fund, which is 3.5% for loans of more than 5 years and 3.0% for loans of less than 5 years.
What is the interest rate of provident fund loan
1. The loan interest rate of housing accumulation fund refers to that according to the relevant regulations of the state, it is to use the "accumulation fund loan" method to loan the house to the bank, pay the interest every year, and implement the contract interest rate. If the legal interest rate is adjusted, the interest will not be calculated in sections; if the loan period is more than one year, if the legal interest rate is adjusted, the new interest rate will be implemented at the beginning of the next year according to the corresponding interest rate level. The interest rate of the loan is unified in China.
2, the decision of the state to lower the interest rate of the provident fund will help to curb speculative demand, squeeze out the market bubble and reduce the risk of the industry, which is conducive to the healthy development of the economy in the long run. Researchers believe that the real estate industry is mainly driven by investment. The price of real estate only affects the profits and speculative investment of developers, but has little to do with the development of other industries and economic growth. The current high house prices are driven by speculative demand, not just by demand.
3. The government also takes measures such as rebuilding shantytowns and increasing the investment and development of indemnificatory housing to ensure the real needs of those who just need housing. It is helpful to promote and improve the construction of real estate industry and market system. There are systematic defects in the current housing system that need to be improved urgently. The regulation and control of the real estate market will force us to speed up the construction of the supporting systems for the development, operation, consumption, exchange and distribution of Housing leasing, as well as for the land, finance, taxation and supervision, so as to promote the development of the specialized housing leasing market.
The above is a detailed explanation of the interest rate of provident fund loans in recent years. With the deterioration of external demand and the shortage of domestic demand, the state's policy based regulation is conducive to protecting the interest rate of those who just need to buy houses. People who buy a house can always pay attention to the recent policy adjustment of the state, and strive to buy a house with greater preferential power for themselves.