Since the reform and opening up, China's economy has developed rapidly, material wealth has been accumulated, people's living standards have been getting higher and higher, and prices, especially house prices, have been rising. Buying a house in modern society is a stressful thing for ordinary families, so many people use housing provident fund loans to buy a house. Today, Wang, I will show you how to calculate the minimum repayment amount of housing provident fund.

1. How to calculate the minimum repayment amount of housing provident fund? There is no minimum repayment amount. Generally, it is calculated based on the repayment amount signed in the loan contract for repayment of provident fund, and is determined according to four conditions: repayment ability, proportion of house price, balance of housing provident fund account and maximum loan amount. The minimum value calculated by the four conditions is the maximum loanable amount of the lender. 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. Among them, the total monthly salary = the monthly contribution of provident fund ÷ (the proportion of unit contribution and 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 is more than 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 purchased loan. 3. According to the maximum loan amount: if I use the housing provident fund to apply for a loan provident fund loan and meet the application conditions, the maximum 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 balance of the borrower and the borrower's provident fund account × 20 2. Extended information: housing provident fund loan processing flow 1. When a borrower applies for a housing provident fund loan, he/she needs to submit a written application to the bank, fill in the Application Form for Housing Provident Fund Loan and truthfully provide the following information: (1) the applicant's and spouse's housing provident fund deposit certificate; (2) the identity certificate of the applicant and spouse (referring to the valid residence certificate such as resident ID card and household registration book) and the proof of marital status; (3) proof of stable family income and other proof of creditor's rights and debts that have an impact on repayment ability; (four) the purchase of housing contracts, agreements and other valid documents; (5) List of collateral, pledge, certificate of ownership, certificate of consent of the authorized person to mortgage and pledge, and certificate of collateral valuation issued by relevant departments; (VI) The Provident Fund Center requires a third-party guarantor to provide a guarantee and pay the guarantee fee, and the borrower, the lender and the third-party guarantor * * * sign a tripartite contract. According to the above details, we know that there is no minimum repayment amount for housing provident fund, but it is determined by evaluating the lender's economic situation and repayment ability in all aspects according to the loan amount. In addition, we have a detailed understanding of the relevant processes of provident fund loans.

Second, the minimum monthly repayment amount of provident fund loans is 650,000 for 23 years.

According to the 23-year monthly interest rate of the provident fund loan of 650,000 yuan, 654.38+0.64%, the minimum monthly repayment amount should be 33,025.38+0 yuan.

Third, the provident fund only pays the minimum repayment amount?

In the absence of difficulties, it is recommended to repay the principal and interest at the interest rate. If repayment is made according to the minimum repayment amount, interest will be charged on the unpaid part according to the interest rate.

For example, Beijing's provident fund loan is the highest 120, 25 years and 300 months. The interest rate is 3.25%/ year, and the monthly interest rate is about 2.7%.

Assuming that the provident fund is calculated, according to the monthly minimum repayment amount of 492 1 yuan, Xiaoming needs to pay back 433,000 yuan in the last year. So how much is the difference between this and the normal monthly full repayment? Let's work out an account. Normal full repayment, the monthly repayment should be around 5903 yuan, so there is no need to pay hundreds of thousands in the last year. Then, the full monthly repayment of principal and interest in 25 years is 590,32512 =17712 million yuan, minus the loan principal of 65,438+0.2 million yuan.

If according to the first repayment amount of 492 1 yuan in the provident fund center, Xiaoming paid 433,000 yuan in the last month, then with the principal, Xiaoming paid 49212512433,000 yuan = 1.9093 million yuan, * * paid/kloc.

That is to say, according to the minimum repayment amount, Xiao Ming paid 70.93-57.12 =138,200 yuan in interest in 25 years.

What's the problem? The difference between the minimum repayment of 492 1 yuan and the normal full repayment of 5,903 yuan is 982 yuan, which is 982,300 = 294,900 yuan and 294,438+03.82 = 433,000 yuan respectively according to the calculation of 25 years and 300 months.

If the repayment is made according to the minimum repayment amount, the unpaid part will be charged with cyclic interest every month.

Any lending institution aims at making money, and the minimum repayment amount will not affect the credit information, but the lending institution should recover it every month, not so much money, so you must pay it back.

4. What does the minimum repayment amount of provident fund loans mean?

What is the relationship between the loan amount and the balance of the provident fund?

The amount of provident fund loans depends not only on the account balance, but also on other factors.

When Shanghai applies for housing provident fund, the loanable amount depends on the balance of the provident fund account, the monthly deposit, the age of the lender, the appraisal value of the house and other factors. yuqiancyh

According to the Notice on Adjusting the Personal Loan Policy of Housing Provident Fund in this Municipality issued on 20 1 16128, if the employee's family name has no record of housing and provident fund loans in this Municipality, it will be regarded as the first suite; No housing, provident fund loan records or an existing housing, and the purchase of a second set of improved housing meets the conditions for identification, all of which are considered as applying for a second set of improved housing loans.

This policy also adjusted the maximum loan amount of the provident fund, from the original maximum loan amount of 6,543.8+0,000 to 800,000, and from 6,543.8+0.2 million to 6,543.8+0,000 with supplementary provident fund.

Four elements to determine the loan amount of provident fund:

1, which is not higher than the loan amount determined according to the multiple of the amount stored in the housing provident fund accounts of the borrower, his spouse and the borrower (30 times the balance of the provident fund account and 10 times the balance of the supplementary provident fund account).

2. Not higher than the loan limit determined according to the proportion of the total house price.

3. Not higher than the loan amount determined by the family according to the repayment ability. The calculation formula is: the borrower's salary base for calculating the monthly payment of housing provident fund is 40% 12 months loan period.

4. Not higher than the maximum loan amount.