The provident fund coefficient

The provident fund coefficient is explained as follows:

The ratio of the borrower's monthly income to the loan principal is called the provident fund coefficient. The loan capacity coefficient is used to limit the risk that some borrowers' monthly repayments will be too high as a proportion of their household income, causing them to become overdue. According to data from the Provident Fund Center, 0.45 is a loan repayment ability coefficient that reflects the ratio of provident fund principal to income in that month.

At present, the employee housing provident fund payment base is based on the average monthly salary of the previous year, which reflects the actual stable personal income of employees. Employees with higher monthly deposits and stronger repayment abilities should increase their loan limit. The reason why provident fund loans are overdue by more than 40-50% is that the borrower's monthly repayment of family income is too high. In addition, the bank's personal housing loan provident fund repayment capacity coefficient also stipulates that the monthly repayment amount shall not exceed 50% of the income.

Calculation method of provident fund coefficient:

Calculation formula of provident fund coefficient based on loan repayment ability: sum of monthly salary income of borrower and *** the same repayer × 12 (month) × 40 × loan period (monthly salary income - monthly provident fund deposit amount - deposit rate). If all is used for the spouse's limit, the spouse's balance should be added. The loan repayment ability coefficient is usually 45. The borrower and *** are the same repayers. time, limited to the relationship between husband and wife.

The housing provident fund has the following characteristics:

It is mandatory. If the unit does not register the payment and deposit of the housing provident fund or does not handle the establishment of housing provident fund accounts for the employees of the unit, the housing provident fund management center has the right to do so. Those who are ordered to handle the matter within a time limit but fail to handle it within the time limit may be punished in accordance with the relevant provisions of the Regulations and may apply to the People's Court for compulsory execution.

Welfare, in addition to the housing provident fund paid by employees, the unit must also pay a certain amount for employees, and the interest rate of housing provident fund loans is lower than that of commercial loans.

Universal, all urban employees, regardless of the nature of their workplace, family income, or whether they already have housing, must pay housing provident funds in accordance with the regulations.

Speciality, the "Regulations" clearly stipulate that the employee housing provident fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and no unit or individual may misappropriate it for other purposes. What is the standard housing provident fund loan amount?

Calculate how much it will cost to renovate your home

Housing provident fund has now become one of the important references for job seekers, especially those who work in different places. , if you want to buy a house in other places, provident fund is essential. So, what is the standard housing provident fund loan limit? Today, the editor will talk to you about the housing provident fund.

1. What is the standard housing provident fund loan amount

1. Based on the repayment ability: the borrower’s total monthly salary, the borrower’s unit housing provident fund monthly deposit * repayment ability coefficient - borrowing The total monthly loan repayment * the number of loan months;

2. Based on the income of the spouse: the total monthly salary of the husband and wife, the housing provident fund deposit of the employer where the husband and wife work * the loan repayment ability coefficient - the current monthly loan repayment of the husband and wife Total payment * number of loan months. Among them, the repayment ability coefficient is 40.

3. Based on the house price: loan amount = house price × loan ratio

4. Based on the maximum loan limit: If you use your own housing provident fund to apply for a housing provident fund loan, the maximum loan limit 400,000 yuan; if you also use your spouse’s housing provident fund to apply for a housing provident fund loan, the maximum loan limit is 600,000 yuan.

2. How to calculate the housing provident fund

1. The housing provident fund is not entirely borne by the individual, but paid jointly by the individual and the unit. The personal contribution amount is the average total salary of the individual last year * the employee’s personal housing provident fund contribution ratio.

2. The ratio of the provident fund paid by the unit for its employees is: the average total salary of the employee last year * the housing provident fund contribution ratio of the unit.

3. Employees who receive wages according to the lower local wage standards can be exempted from the personal deposit portion, while the unit deposit portion will still be paid by the employee's unit according to the prescribed proportion.

5. The lower contribution ratio of the employee and unit housing provident funds is 5 each, and the higher ratio is 12, which must not be less than 5.

Article summary: The above is all about the standard housing provident fund loan amount. I hope the content about the provident fund can help everyone.

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Enter the area and get a free decoration quote Guangzhou provident fund loan coefficient

The loan coefficient is as follows;

1. Not higher than the loan amount calculated based on the personal housing provident fund payment. The calculation formula is: account balance × 8 monthly payment amount × number of months to retirement age

2. Not higher than the personal housing provident fund loan The maximum amount for one person to apply for a personal housing provident fund loan is 600,000 yuan. If two or more people purchase the same self-occupied house and apply for a personal housing provident fund loan at the same time, the loan amount is the sum of the loan amounts of each applicant, and the maximum amount is 1 million yuan.

3. When an employee applies for a loan, the monthly repayment amount of the loan shall not exceed 50% of the family income. The monthly repayment amount only calculates the monthly repayment of provident fund loans. (Income is based on the deposit base or the salary registered in our center’s collection system. No proof of income is required.)

4. Not higher than the loan limit determined with reference to the differentiated housing credit policy (1) If the family has no house in Guangzhou and no record of housing loans (including commercial housing loans and provident fund loans, the same below), when applying for provident fund loans to purchase ordinary commercial houses, the minimum down payment ratio of 30% will continue to be implemented, and the loan interest rate will be Provident Fund.. Pingdingshan City Provident Fund Loan Quota Coefficient Table

According to the requirements of Pingdingshan Provident Fund Management Center, the Provident Fund Loan Coefficient Table is as follows:

1. Those whose monthly income is less than 1,000 yuan, The quota factor is 1.6 times.

2. For those with a monthly income of 1,000-2,000 yuan, the quota coefficient is 1.4 times.

3. For those with a monthly income of 2,000-3,000 yuan, the quota coefficient is 1.2 times.

4. For those with a monthly income of 3,000-4,000 yuan, the quota coefficient is 1.1 times.

5. For those with a monthly income of more than 4,000 yuan, the quota coefficient is 1 times.