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How to calculate the loan amount algorithm of Baotou Steel's provident fund
The maximum amount of personal provident fund loan is 300,000 yuan, calculated according to the following requirements (the minimum amount is the amount of provident fund loan):

1, sum of monthly salary income of the borrower and * * the same repayment person × 12 (month )× 40 %× loan period (monthly salary income = monthly contribution of provident fund ÷ payment rate).

2. Provident fund personal housing loan amount: housing with a construction area of less than 90 square meters shall not exceed 80% of the total purchase price; Housing with a construction area of more than 90 square meters shall not exceed 70% of the total purchase price; (The total price of second-hand houses is the lowest value of transaction and evaluation price.

3. The repayment ability coefficient is tentatively set at 0.4.

4. The Borrower and * * * co-borrower are only husband and wife. Unmarried children may consider choosing one of their parents as * * * co-borrower.

When you apply for a second loan, you must invite all the previous loans.

For example, if you deposit 8% into 240 yuan every month and prepare to apply for a loan 15 years, then the maximum amount you can borrow is:

(240/0.08) *12 * 0.4 *15 = 210.6 million yuan.