The calculation formula of loan amount is: loan amount = (the total monthly salary of the borrower or husband and wife plus the monthly contribution of the housing provident fund of the unit where the borrower or husband and wife work) multiplied by the repayment ability coefficient of 40%-the current monthly repayment amount of the borrower or husband and wife multiplied by 12 (month) multiplied by the loan period. This calculation method comprehensively considers the borrower's monthly income, provident fund deposit, repayment ability and existing liabilities, and ensures that the loan amount not only meets the borrower's actual repayment ability, but also meets the housing demand.
Calculation method of housing provident fund loan:
1. First, determine the total monthly salary of the borrower, which is usually the basis for calculating the loan amount;
2. Check the monthly deposit amount of the borrower's housing provident fund, which is an important factor affecting the loan amount;
3. Evaluate the repayment ability coefficient of the borrower, which is usually related to the borrower's credit record and repayment ability;
4. Calculate the monthly repayment amount of the existing loan, which will affect the available loan amount of the borrower;
5. According to the above factors, use the calculation formula or tool provided by the lending institution to comprehensively calculate the loan amount.
To sum up, the loan amount of Shenzhen Provident Fund is calculated according to the borrower's total monthly salary, monthly deposit of housing provident fund, repayment ability coefficient, monthly repayment amount of existing loans and other factors, so as to ensure that the loan amount can meet the borrower's actual repayment ability and housing demand.
Legal basis:
Regulations on the administration of housing provident fund
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.