On 20 15, the central bank lowered the benchmark interest rate of loans, and the interest rate of provident fund loans for less than five years (including five years) fell to 3.5%, and the interest rate of provident fund loans for more than five years fell to 4%. The following will introduce the calculation method of provident fund loans for everyone.
The calculation of provident fund loan should be determined according to four conditions: repayment ability, percentage of house price, balance of housing provident fund account and maximum loan amount, in which the minimum value calculated by the four conditions is the maximum loanable amount of the lender.
The interest rate of provident fund loans is 1. The calculation formula of provident fund loan based on repayment ability is: loan amount = [(total monthly salary of the borrower or husband and wife, monthly contribution of housing provident fund of the unit where the borrower or husband and wife work) × repayment ability coefficient 40%- monthly repayment amount of existing loans of the borrower or husband and wife ]×12 (month )× loan period. Total monthly salary = monthly contribution of provident fund/(ratio of unit contribution to individual contribution);
2. The calculation formula of provident fund loan based on house price is: loan amount = house price × loan ratio. Among them, the loan proportion is determined according to different types. Generally speaking, if the building area exceeds 90 square meters, the loan amount shall not exceed 70% of the purchase price; If the construction area is less than 90 square meters, the loan amount shall not exceed 80% of the purchase price.
3. According to the maximum loan amount, if I use my housing provident fund to apply for a loan provident fund loan and meet the application conditions, the maximum loan amount is 500,000 yuan; At the same time, if the spouse's housing provident fund is used to apply for a loan and the loan application conditions are met, the maximum loan amount is 700,000 yuan.
4. The calculation formula of the provident fund loan based on the balance of the provident fund account is: the amount of the provident fund loan = the borrower and the borrower's provident fund account balance ×20.
What is the loan interest rate of housing provident fund?
20 15,101October 24th to adjust the interest rate for the implementation of provident fund loans. The interest rate of provident fund loans for more than five years is 3.25%, the monthly interest rate is 3.25%/ 12, and the interest rate of provident fund loans for five years and below is 2.75% annualized, which is consistent throughout the country.
1. What is a provident fund loan?
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who pay housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans. Provident fund loan refers to individual housing provident fund loan, which is a housing mortgage loan issued by the local housing provident fund management center. Using the housing provident fund paid by employees who apply for provident fund loans, commercial banks are entrusted to issue loans to depositors of housing provident fund who purchase, build, renovate or overhaul their own houses and retired employees who pay housing provident fund during their employment. Employees who have paid the housing provident fund in accordance with the regulations for more than a certain period (the period varies from city to city, such as Changsha exceeding 12 months) may apply for provident fund loans when the funds for house purchase, decoration and overhaul are insufficient.
Second, the loan conditions
Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans, and employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans. Participants in the housing provident fund system must also meet the following conditions when applying for housing provident fund loans: they must pay the housing provident fund continuously for at least six months before applying for loans. Because, if employees pay housing provident fund abnormally and intermittently, it means that their income is unstable, and they are prone to risks after issuing loans. If one spouse applies for a housing provident fund loan, neither spouse can get a housing provident fund loan until the principal and interest of the loan are paid off. Because the housing provident fund loan is a kind of' housing security' financial support to meet the basic housing needs of workers' families. The longest term of provident fund loans shall not exceed 30 years. For portfolio loans, the loan terms of provident fund loans and commercial housing loans must be the same.
The materials to be provided for the loan include the second-generation ID card, household registration book, marriage certificate, bank account, sales contract, income certificate, etc. If the property to be traded is in Panyu District, additional bank flow is needed; Foreign household registration must provide tax payment certificate or social security certificate for more than one year; Overdue, need to provide overdue proof, must be approved by the provident fund center.
What is the interest rate of provident fund loans?
The interest rate of the first individual housing provident fund loan is 2.6% for less than 5 years (including 5 years) and 3.1%for more than 5 years; The interest rates of the second set of personal housing provident fund loans are 3.025% for less than 5 years (including 5 years) and 3.575 for more than 5 years respectively.
What is the interest rate of provident fund loans?
The current interest rate of provident fund loans was adjusted and implemented on 20 15, 10124 October. The interest rate of provident fund loans for more than five years is 3.25%, the monthly interest rate is 3.25%/ 12, and the annual interest rate of provident fund loans for less than five years is 2.75%, which is consistent throughout the country.
Commercial loan: (1) The loan interest rate is related to the loan purpose, loan nature, loan term, loan policy and different lending banks. The state sets the benchmark interest rate, and banks determine the differential loan interest rate according to various factors, that is, floating up or down on the basis of the benchmark interest rate. The current benchmark interest rate was adjusted and implemented on July 6, 2002. Types and annual interest rates are as follows: ① Short-term loans with a term of 6 months (inclusive) of 5.6%; ② 6% from half a year to one year (inclusive); ③ One to three years (inclusive) 6.15%; ④ 6.4% for three to five years (inclusive); ⑤ More than five years, 6.55%. (2) Mortgage is a comprehensive evaluation of the bank loan interest rate according to the credit situation of the loan, and the loan interest rate level is determined according to the credit situation, collateral and national policy (whether it is the first suite or not). If all aspects are evaluated well, the mortgage interest rates implemented by different banks are different. 20 1 1 Due to the shortage of funds and other reasons, the loan interest rate of the first suite in some banks is 1.6438. 000000000006. Starting from 20 12, most banks adjust the interest rate of the first suite to the benchmark interest rate. In early April, the bank began to implement the first home loan interest rate concessions. The interest rate discount of some banks can be as high as 15%. The interest rate after discounting 15% for five years and above is 6.55%0.85=5.5675%, which has been tightening since the third quarter and the beginning of 20 13 due to the shortage of funds and credit funds. The interest rate of the first suite is generally between the benchmark interest rate and the 15% discount.