What is the calculation method of the time coefficient of Yiwu provident fund loan in 2023?
When determining the loan amount of individual housing provident fund, besides the borrower's provident fund deposit, the condition and price of the house purchased, individual repayment ability and credit status, time coefficient should also be considered comprehensively. The time coefficient is determined according to the deposit period of the borrower's provident fund, and the final loan amount is calculated by multiplying the time coefficient by the original loanable amount. The introduction of time coefficient is to encourage borrowers who have paid the provident fund for a long time and let them enjoy a higher loan amount. The calculation method of loanable amount is: loanable amount = original loanable amount × time coefficient.
The calculation method of time coefficient is: personal time coefficient+unit time coefficient (the upper limit of time coefficient is 1), specifically:
1. Personal time coefficient: if the normal continuous full deposit time is less than or equal to 12 months, the personal time coefficient is 0.3; If the deposit time exceeds 12 months, the personal time coefficient will increase by 0. 1 for every month after that.
2. Unit time coefficient: The time coefficient of the borrower who normally pays the provident fund in full and continuously can be determined according to the following rules: the initial time coefficient is 0.3, and the time coefficient increases by 0. 1 every two months when the borrower pays the provident fund in full and continuously. If the borrower's unit fails to pay the provident fund or the borrower has no unit, then the time coefficient is 0.
3. If dual employees apply for loans, the time coefficient can be determined according to the principle of getting higher.