How much can the provident fund loan?
After the provident fund has been paid for one year (uninterrupted), you can apply for a provident fund loan. At present, the provident fund loan quota policy is as follows:
1, individuals can borrow up to 400,000 yuan, couples can borrow up to 500,000 yuan with supplementary provident fund, and couples can borrow up to 600,000 yuan, and one of them can borrow up to 700,000 yuan with supplementary provident fund;
2. 15 times of the balance in the provident fund (buying a second-hand house), and 20 times of the balance in the card if buying a new house;
3. Loan amount of provident fund = {monthly contribution of provident fund/(individual contribution ratio+unit contribution ratio)+monthly contribution of provident fund /2*40%- repayment in other months} * loan period.
Handling housing provident fund loan process
1. The applicant shall go through the loan application formalities in triplicate with the purchase materials (commercial housing sales contract, down payment receipt), ID cards of both husband and wife, household registration book, marriage certificate (original and photocopy are A4) and loan application form;
2. The above institutions will pass the loan information approved to the entrusting bank;
3. The entrusting bank informs the borrower and his spouse to sign the loan contract and mortgage contract with the ID card at the signing office of the entrusting bank;
4. The borrower and his spouse hold the ID cards of both parties and go to the housing management department with the bank staff to receive the "Property Ownership Certificate";
5. The borrower holds the original and photocopy of the real estate license to the personal loan hall of the provident fund management center to issue a loan notice;
6. The borrower holds the original and photocopy of the real estate license and the loan notice to the entrusting bank to handle the loan issuance procedures.