One of the core messages that we need to understand when addressing the subject of Provident Fund loans is interest rates. How does the interest rate of the Provident Fund, especially in Hunan, be set? Now, let's look at it. All employees who have contributed to the Provident Fund are entitled to apply for the Personal Housing Fund loan in accordance with the relevant provisions of the Provident Fund loan, and therefore the number is considerable。

What's the interest rate on the Hunan Housing Provident Fund

THE INTEREST RATE OF HUNAN'S PROVIDENT FUND LOANS IS NOT STATIC, BUT DEPENDS ON THE ACTUAL SITUATION. FOR EXAMPLE, IN THE CASE OF FIRST-HAND HOME LOANS, THE INTEREST RATE IS NORMALLY 2.1 TP3T IF THE DURATION OF THE LOAN IS LESS THAN FIVE YEARS; HOWEVER, IF THE DURATION OF THE LOAN EXCEEDS FIVE YEARS, THE INTEREST RATE IS GENERALLY INCREASED TO 3.11 TP3T. AT THE SAME TIME, THE SITUATION WITH RESPECT TO THE SECOND HOUSING LOAN VARIES SLIGHTLY, WITH THE INTEREST RATE ON LOANS UP TO FIVE YEARS GENERALLY BEING 3.0251 TP3T, WHILE THE INTEREST RATE FOR LOANS OVER FIVE YEARS IS PAYABLE AT 3.5751 TP3T。

It is worth noting that the longer the life of the Provident Fund loans, the higher the interest rate usually. So if you want to reduce the interest paid on the loan, it might be a good strategy to shorten the loan。

PROVIDENT FUND LOANS ALSO HAVE DOWN PAYMENT ISSUES THAT NEED TO BE ADDRESSED AND CANNOT BE SUPPLEMENTED BY THE USE OF PROVIDENT FUND FUNDS. FOR EXAMPLE, THE MINIMUM RATE OF DOWN PAYMENT FOR THE PURCHASE OF THE FIRST HOME ON A PROVIDENT FUND LOAN IS 30%; IN THE CASE OF THE SECOND FLAT, THE DOWN PAYMENT FOR A PROVIDENT FUND LOAN MAY NOT BE LOWER THAN 70%. IN THE CASE OF THE PURCHASE OF A THIRD HOME AND ABOVE, THE INDIVIDUAL HOUSING FUND LOAN IS SUSPENDED. IT IS HOPED THAT THIS INFORMATION WILL ACCURATELY HELP YOU UNDERSTAND THE CHARACTERISTICS OF THE PROVIDENT FUND LOANS AND THE INTEREST RATE SET。