How to calculate the loan amount of provident fund: monthly contribution of provident fund ÷ contribution ratio × individual repayment ability coefficient (at present, the individual repayment ability coefficient is 0.3)× 12 (month )× actual loanable years (legal retirement age for men is 60 years, female is 55 years, loanable years for commercial housing are not more than 30 years, and second-hand housing is not more than 20 years). For example, I pay the 200 yuan Provident Fund separately from the company every month. How much provident fund can I borrow? The loanable amount is: 200 ÷ 8% × 0.3×12× (60-33) = 243,000 yuan. But at present, individuals can only borrow 200 thousand provident fund at most, so they can only borrow 200 thousand at most
Calculate the loan amount of provident fund in the following two ways, taking the smaller value as the upper limit and not exceeding the maximum loan amount of the corresponding grade.
(1) 10 times of the balance of the borrower's housing provident fund deposit (based on the data of 12 the night before the application for provident fund loan). If the borrower's spouse meets the conditions of provident fund loan, the balance of housing provident fund deposit shall be calculated together. If the spouse of the borrower who meets the conditions of provident fund loan is an active serviceman, the loan amount shall be 20 times of the balance of the borrower's housing provident fund deposit. If the borrower or his spouse normally pays the housing subsidies for new employees, the paid housing subsidies for new employees can be combined with the balance of the borrower's housing provident fund deposit to calculate the loanable amount of the housing provident fund. The criteria for distinguishing whether housing subsidies for new employees are paid normally shall be implemented in accordance with the provisions of the Measures for the Administration of Housing Provident Fund Loans on the conditions for issuing housing provident funds.
(2) Total house price ×( 1- specified loan down payment ratio)
1. If the employee's family applies for the first provident fund loan, and the construction area of Xing Tao (hereinafter referred to as the area) is less than 90 square meters (inclusive), the down payment ratio of the loan shall not be less than 20% of the total house price; If the area is more than 90 square meters, the down payment ratio of the loan shall not be less than 30% of the total house price.
2. The down payment ratio of the second provident fund loan shall not be less than 50% of the total house price. Note 1: the second-hand house is subject to the lower of the transaction price and the evaluation price; Note 2: The contract house price is the total house price of the commercial house (excluding the decoration price). If the decoration price is included in the total house price purchased by the borrower, the total house price shall be deducted by 15%.
To sum up, calculate the monthly income of yourself and the applicant: monthly income = monthly contribution of individual housing provident fund ÷ contribution ratio of housing provident fund; Calculate the maximum loanable amount: the maximum loanable amount is the monthly income of your family (referring to the monthly income of both husband and wife, the monthly income of retired employees, their children and other applicants, the same below), the remaining amount after deducting the living expenses of 400 yuan at least every month, and then dividing it by the monthly repayment amount per 10,000 yuan of loan during the loan application period.
Legal basis:
Article 26 of the Regulations on the Management of Housing Provident Fund
Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.
Article 6 of the Regulations on the Management of Housing Provident Fund
The deposit and loan interest rate of housing provident fund is proposed by the People's Bank of China. After soliciting the opinions of the construction administrative department of the State Council, it is reported to the State Council for approval.