The maximum provident fund standard generally needs to be determined based on the balance of the applicant's provident fund account, the price of the house, the age of the loan applicant, etc. The application conditions for provident fund loans are more stringent than those for commercial loans, and there are many restrictions on using provident fund loans. Under normal circumstances, the provident fund application amount cannot exceed 80% of the total price of the house.

What is the maximum provident fund standard?

Take the maximum provident fund loan amount in Hefei as an example: the borrower and his spouse have paid the housing provident fund in full for one year, and the maximum loan amount is 450,000 yuan; If a person unilaterally pays the housing provident fund in full, the maximum amount is 350,000 yuan.

Minimum standards for provident fund loan amounts

(1) No more than 10 to 40 times the balance of the provident fund account

(2) No more than 70% of the house price (the latest is 80)

(3) Repayment period Retirement age - current age 5; monthly repayment shall not exceed 50% of the payment base (monthly income);

(4) Maximum The loan amount ranges from 200,000 to 1.2 million (different cities have different regulations, one person participates in the loan, two people participates in the loan)

Provident fund loan policy

Provident fund loan refers to the housing provident fund deposited As for loans enjoyed by employees, the state stipulates that all employees who have paid provident fund deposits can apply for personal housing provident fund loans in accordance with the relevant provisions of provident fund loans. The conditions for the loan are: the unit’s current employees sign a labor contract for more than three years (or sign a one-year labor contract for three consecutive years); the company pays housing provident fund on a regular and continuous basis for a certain period of time; the legal retirement age is not exceeded; the borrower has a stable economic income and the ability to repay principal and interest; the borrower agrees to handle housing mortgage registration and insurance; provides a guarantee method agreed by the local housing fund management center and its affiliated sub-center; and submits relevant documents required by the bank, such as a house purchase contract or a house pre-sale contract. , house property rights certificate, land use certificate, proof of provident fund deposit, etc.

Legal basis: Article 16 of the "Housing Provident Fund Management Regulations" The monthly payment amount of employees' housing provident fund is the employee's average monthly salary in the previous year multiplied by the employee housing provident fund payment ratio. The monthly payment and deposit amount of the housing provident fund paid by the unit for its employees is the employee's average monthly salary in the previous year multiplied by the unit's housing provident fund payment and deposit ratio.