It is determined according to three conditions: the multiple of the storage balance of Zhanjiang housing provident fund account, the maximum loan amount and the loan ratio. The minimum value calculated according to these three conditions is the maximum loanable amount of the borrower.
1. The formula for calculating the maximum loanable amount according to the balance of Zhanjiang housing provident fund account is:
(balance of provident fund account+monthly contribution of provident fund ×2× to statutory retirement months )× 2.
2. The loanable amount calculated according to the maximum loan limit in Zhanjiang.
If one person applies for a housing provident fund loan, the maximum loan amount is 500,000 yuan, and if two or more people purchase the same house and apply for a housing provident fund loan, the maximum loan amount is 800,000 yuan.
Three. Loanable amount calculated according to Zhanjiang loan proportion.
For families (including borrowers, spouses and minor children, the same below) who buy the first home in Zhanjiang and the construction area of Xing Tao is less than 90 square meters (including 90 square meters) or buy affordable housing in Zhanjiang according to regulations, the down payment ratio shall not be less than 20%; For families who purchase the first home and have a building area of 90 square meters or more, the down payment ratio is not less than 30%;
For families who buy a second home in Zhanjiang, the down payment ratio shall not be less than 60%, and the loan interest rate shall be 1. 1 times of the benchmark interest rate of the same grade in the same period.
Related knowledge supplement:
1. Term of provident fund loan.
The longest loan period is 30 years (within the statutory service life of the house and not exceeding the statutory retirement age of the borrower).
2. Interest rate of provident fund loans.
According to the regulations of the People's Bank of China, the current effective interest rate is 4.00% for loans with a term of less than five years (inclusive) and 4.50% for loans with a term of more than five years. If the loan term is within 1 year (including 1 year), the principal and interest shall be repaid in one lump sum; If the loan term exceeds 1 year, two repayment methods are adopted: equal principal and interest or equal principal repayment.
3. The definition of housing accumulation fund includes the following five aspects.
(1) The housing accumulation fund is only established in cities and towns, and the housing accumulation fund system is not established in rural areas.
(2) Only on-the-job employees can establish the housing accumulation fund system. Unemployed urban residents and retired workers do not implement the housing provident fund system.
(3) The housing accumulation fund consists of two parts, one part is paid by the employee's unit, and the other part is paid by the employee. After the employee's individual deposit is withheld by the unit, it will be deposited into the individual account of the housing provident fund together with the unit deposit.
(4) The long-term nature of housing provident fund deposit. Once the housing provident fund system is established, employees must be paid continuously in accordance with the regulations during their employment, and shall not be suspended or interrupted except for employees' retirement or other circumstances stipulated in the Regulations on the Administration of Housing Provident Fund. It embodies the stability, unity, standardization and compulsion of housing provident fund.
(5) The housing accumulation fund is a personal housing savings fund specially used by employees for housing consumption expenditure, which has two characteristics.
First, it is cumulative, that is, the housing provident fund is not an integral part of employees' wages, and it is not paid in cash. It must be deposited in a special account opened by the housing provident fund management center in the entrusted bank, and special account management is implemented.
The second is special. The housing provident fund is earmarked for special purposes and can only be used for the purchase, construction, overhaul of self-occupied housing or the payment of rent during storage. Only when employees leave, retire, die, completely lose their ability to work, terminate their labor relations with their units or move out of their original cities can they withdraw housing provident fund from their accounts.