1. The maximum amount of provident fund loan for the first home is 5 million yuan, the maximum loan ratio is 70%, and the longest repayment period is 25 years;
2. The maximum amount of the second-home provident fund loan is 3 million yuan, the maximum loan ratio is 50%, and the longest repayment period is 25 years;
3. The loan interest rate is subject to the market interest rate, and the specific interest rate fluctuates according to the benchmark loan interest rate published by the local people's bank for the same period.
The specific provisions for the use of provident fund include:
1. Buying a house: you can use the provident fund loan to buy a self-occupied house, but there are certain restrictions, including loan amount, purchase area, purchase city, etc. Generally speaking, provident fund loans can be used to buy second-hand houses or new houses, and commercial real estate is not allowed;
2. Decoration: you can use the provident fund to withdraw funds for house decoration, but you need to meet certain conditions, such as accumulated deposit time and withdrawal quota. The use of funds for the renovation of the provident fund may be different in different regions, and it is necessary to consult the local housing provident fund management center or relevant departments;
3. Mortgage repayment: You can use the balance in the provident fund account to repay the mortgage, but you need to apply for withdrawal before repayment. Please consult the local housing provident fund management center for specific application methods and conditions;
4. seeking medical treatment: you can use the funds from the provident fund to pay the medical expenses that meet the reimbursement conditions. The scope and standard of medical reimbursement for provident fund may be different in different regions, so it is necessary to consult the local housing provident fund management center or relevant departments.
To sum up, the specific provisions on the use of provident fund may vary from region to region and from policy to policy. The local housing provident fund management center or relevant departments should be consulted to ensure the legality and effectiveness of the use of the provident fund. In addition, when using the provident fund, we should abide by the relevant regulations and requirements to avoid illegal acts and losses.
Legal basis:
The "Regulations" of People's Republic of China (PRC) housing provident fund management fifth.
The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of owner-occupied housing by employees, and no unit or individual may use it for other purposes.
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.