Provident fund loans have become the first choice for many people to buy houses because of their low interest rates. Although the interest rate of provident fund loans is low, the disadvantage is that the amount is not high. Many people will encounter insufficient provident fund loans when buying a house. What if the amount of provident fund loan is not enough?
What if the provident fund loan amount is not enough to buy a house?
1. Apply for a portfolio loan
Portfolio loan is a combination of commercial loans and provident fund loans, which can be used as a supplement to the shortage of provident fund loans. However, it is more difficult to apply for portfolio loans, because portfolio loans need to meet the conditions of both provident fund loans and commercial loans before they can be loaned. In addition, portfolio loans involve many institutions, and the procedures are complicated and time-consuming.
2. Be together with the lender.
If your own provident fund loan amount is insufficient, if you are married, you can use your spouse's provident fund loan. If you are unmarried, you can try to borrow from your parents' provident fund.
Increase down payment
If the first two methods fail, buyers can try to increase the down payment ratio and reduce the loan amount.
4. Turn to commercial loans
If the total price of houses purchased by property buyers is relatively high, but they cannot apply for portfolio loans, and the amount of provident fund loans is too poor, then property buyers can consider using commercial loans. Although the interest rate of commercial loans is relatively high, the loan amount of commercial loans is much higher, which is the main way to buy a house with loans at present. When buyers apply for commercial loans, as long as they meet the relevant conditions of banks, they can generally get their expected amount, and commercial loans are not as complicated as provident fund loans.
The above are several ways to solve the shortage of provident fund loans. These solutions are generally used in the case of high housing prices. If the house price is not high, it is more cost-effective to apply for provident fund loans. Of course, if you buy a second suite, and the first suite has already used the provident fund loan and is still repaying, then the second suite cannot apply for the provident fund loan.
What should I do if the amount of provident fund loans is too low?
First of all, we should know that there are two main factors affecting the loan amount, one is the monthly deposit amount, and the other is the balance of the provident fund account. Therefore, there is only one thing we have to do, and that is to pay more. There are also ways to pay more. There are two payment methods, one is the general method of equal payment between companies and individuals, and the other is the surprise payment in which companies pay so much and individuals pay a lot. The purpose of this method is to increase the balance of your own provident fund, which is also one of the influencing factors mentioned above. Of course, you can also try to apply for raising the maximum amount that companies and individuals usually pay each month. From July to September every year, if conditions permit, you can apply for adjusting the payment amount, so that you can pay more. However, it should be noted that after adjustment once, it cannot be adjusted again in the next year.
In addition, besides individuals, families can also be changed. Many places have regulations when applying for provident fund loans, and the maximum amount of individuals and couples is different when applying. For example, in Shanghai, the maximum amount for an individual to apply for a provident fund loan is 600,000 yuan, and both husband and wife can apply, but it can reach 6.5438+0.2 million yuan. Therefore, it is also a good idea to use family members.
What should I do if the amount of provident fund loans is too low? These aspects to find the reason.
Buying a house with provident fund loans can save a lot of interest expenses for lenders, and it is the first choice for many people to buy a house with loans. However, lenders with different qualifications apply for provident fund loans, and the amount of loans issued is different. Some people will be high, while others will be low. So, what is the low amount of provident fund loans? Let's find out the reasons from these aspects together.
1, the lender's educational background is not high.
Nowadays, many companies need to look at their academic qualifications for recruitment, and some of them don't want to graduate from non-9 1 1, 258 colleges. In contrast, provident fund loans will definitely require higher academic qualifications. After all, people with high academic qualifications have a high starting point and a good income. It may take years, even more than ten years, for people with low academic qualifications to get their first month's salary.
Because education is directly proportional to income, banks will definitely treat lenders with high education differently, and it is reasonable to approve high loan quotas.
2. The lender's industry is not good
Industry discrimination is not just talk. With the same educational background, the employment industry is more promising, and the amount of bank loans will definitely be higher. For example, compared with intermediary industry, direct selling industry and service industry, banks will definitely favor companies in government agencies, sunrise industry and new technology industry.
In addition, the lender's position and income in the same industry will also affect the loan amount.
3. The lender's credit is not good
This does not necessarily mean that the lender is overdue, but it can also mean that the lender is a white household, or that it is not overdue but the credit is spent, which can be regarded as a bad credit record. Under the same conditions, the loan approval amount may not be as good as that of a lender with good credit, or it may be low.
4. The lender's assets are insufficient.
Personal assets can be the guarantee of repayment ability. The more sufficient the asset certificate provided, the more trust and security the bank will have on the lender. In contrast, lenders without any assets in their names may have lower loan approvals.
The creditor's debt is too high.
If the lender has multiple credit cards or other loans in his name when applying for provident fund loans, the total credit line added up is close to the total credit line set by the bank for the lender, which is also a manifestation of the lender's high debt, which will affect the loan pass rate and loan approval limit.
What is the reason for the insufficient amount of provident fund loans? What if the amount of provident fund loan is not enough?
For the vast majority of people, the current house price is still relatively high, and buying a house in full is an elusive thing. Therefore, many people will choose to apply for housing loans, get the house first, and then slowly pay off the debts later. At present, there are two main ways to apply for mortgage, one is to apply for provident fund loans, and the other is commercial loans from banks. The interest rate of provident fund loans is much lower than that of commercial loans, but the application threshold is also high. What is the reason for the insufficient amount of provident fund loans?
1. Credit information difference: Personal credit information is the basis for applying for bank credit loans. If everyone is overdue in the past two years, it may lead to the rejection of provident fund loans, even if the loan amount is barely approved, it will not be too high.
2. Wage income: When banks examine loans, the most important thing is the borrower's repayment ability and willingness. If the borrower's job is not very stable, or his wage income is relatively low, the loan amount will be too low.
3. Other requirements: In fact, there is an age requirement for provident fund loans, which cannot exceed 5 years after the statutory retirement age, but the age at the time of application will affect the loan period. The general loan term is calculated according to the formula of "legal retirement age 5- age at application". If the borrower is older, it will lead to insufficient quota.
So how to solve the problem of insufficient amount of provident fund? In fact, you can try to choose a combination loan, that is, a combination of commercial loans and provident fund loans, so that you can get more loans and enjoy the low interest concessions brought by provident fund loans. Of course, the interest rate of portfolio loans will definitely be higher than that of pure provident fund loans, but it will also be lower than normal commercial loans.
Second-hand housing provident fund loan amount is too low? Make clear these two reasons.
It is necessary to know that whether it is an auction house, an existing house or a second-hand house, you can apply for a provident fund loan, and the amount of the provident fund loan is determined by a specific formula, rather than being evaluated and judged by the system like a bank commercial loan. Therefore, if the second-hand housing provident fund loan amount is too low, you can find a clear reason and then think about the solution according to the reason.
1. Calculation formula of provident fund loan amount
Loan amount = (employee housing provident fund account balance spouse housing provident fund account balance) n multiple,
Among them, the n multiple is determined according to the annual personal housing loan interest rate, that is, the ratio of the personal housing loan interest rate to the deposit balance of the provident fund, which is referred to as the personal loan interest rate.
Second, the second-hand housing provident fund loan amount is low.
According to the formula of provident fund loan amount, if the loan amount is too low, there are only two reasons:
1. Personal and spouse provident fund account balance is low.
The balance of the provident fund account is low, either because of the short working years, so the provident fund deposit time is short, or because the deposit base of the work unit is small, so the balance of the provident fund account is small. Take Changsha as an example, the minimum deposit amount of 202 1 can only be 170 yuan.
2. The multiple of n is small.
The smaller the n multiple, the lower the loan amount. To put it simply, there were too many people applying for housing provident fund loans in the last year, and the total deposit balance of the provident fund was insufficient. Therefore, if the loan amount is shared equally, everyone's loan amount will be low.
Third, the second-hand housing provident fund loan amount is low?
If you are not in a hurry to buy a second-hand house, you can pay attention to the personal loan interest rate released by the provident fund center to the society every year, and then apply for a loan after determining the value of N times; If you are in a hurry to buy, I suggest you apply for a portfolio loan or a commercial loan. Portfolio loans are provident fund loans and commercial loans, which will be relatively slow to apply, but after all, the interest rate of provident fund is low, while pure commercial loans are generally faster, but the interest rate will be relatively higher.
The above is about the problem that the loan amount of second-hand housing provident fund is too low. I hope I can help you.