The maximum loan amount of the provident fund is 300,000 yuan, with the highest ratio of 3: 7, and the service life is 20 years. If they are the same provident fund, it can be 25 years.

The loan amount of commercial loans is unlimited, with the highest ratio of 2: 8 and the longest term of 30 years.

In the case of the same amount and the same years, the provident fund will be paid less (roughly 6- 10 yuan per month).

Housing provident fund loan

1. What is the housing accumulation fund?

Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations (hereinafter referred to as units) and their employees. The above-mentioned provident fund is mainly used to provide preferential loan services to eligible provident fund depositors.

Second, the conditions of provident fund borrowers

Employees who meet the following conditions at the same time can become borrowers of provident fund loans upon application:

(1) Having a permanent residence in this Municipality;

(two) before the application, the housing provident fund has been continuously paid for not less than six months, and the accumulated housing provident fund has been paid for not less than two years; ?

(3) Does the purchased house conform to the architectural design stipulated by the municipal provident fund center? Standard; ?

(4) The down payment for house purchase shall not be less than the prescribed proportion; ?

(5) Having a relatively stable economic income and the ability to repay loans; ?

(6) There is no outstanding debt with a large amount that may affect the loan repayment ability. ?

Third, the loan limit standard?

The amount of each provident fund loan shall meet the following limit standards:

(a) shall not be higher than the loan limit determined by multiple of the balance of the borrower's housing provident fund account;

(two) shall not be higher than the loan limit determined by the proportion of the total housing price; ?

(3) It shall not be higher than the loan limit determined according to the repayment ability, and its calculation formula is: the salary base for the borrower to calculate the monthly deposit of housing provident fund × the specified proportion × 12 months× the loan period;

4. How to repay the loan principal and interest?

In addition to cash payment, the borrower can also withdraw the balance in his housing provident fund account to repay the loan. When the storage balance of my housing provident fund account is insufficient, I can withdraw the storage balance of my spouse, members of the same family and immediate family members of the same family, but the written consent of the person to be withdrawn is required. ?

If the borrower needs to withdraw the balance in the housing provident fund account, he shall apply to the municipal provident fund center. After approval, it is stipulated in the loan contract that the entrusted bank shall handle the withdrawal procedures by transfer.

The application for approval of the balance of the housing provident fund account can be handled at the time of loan application approval or during repayment.

Verb (abbreviation of verb) Time and method of loan fund payment

The entrusted loan bank shall, in accordance with the time and conditions stipulated in the provident fund loan contract, transfer the housing provident fund it has borrowed into the selling account opened by the seller in the name of the loan applicant's purchase price.

Six, the monthly matching principal and interest repayment method

The monthly repayment method of equal principal and interest stipulated in the Measures for the Administration of Loans refers to the repayment method in which the borrower repays the loan principal and interest unchanged every month, but the monthly repayment amount of the loan principal increases month by month and the loan interest decreases month by month. The formula is:

Seven. Average capital monthly repayment law.

The monthly average principal repayment method stipulated in the Measures for the Administration of Loans refers to the repayment method in which the borrower repays the fixed principal every month and the loan interest decreases month by month. The formula is:

Eight. Repayment of loan funds

The Borrower shall choose one of the repayment methods specified in the preceding two articles, which shall not be changed during the performance of the Contract.

Nine, housing provident fund to repay the loan principal and interest.

If the borrower repays the principal and interest of the provident fund loan with the balance of the housing provident fund deposited by himself or his spouse, members of the same family or immediate family members of the same family, the relevant formalities shall be handled in accordance with the provisions of Article 18 of the Measures for the Administration of Loans.

The entrusted loan bank will directly offset the repayment balance of the borrower's housing provident fund when handling the procedures for extracting the storage balance of the above-mentioned personnel's housing provident fund.

Housing commercial loan

The meaning of personal housing commercial loan

Commercial personal housing loan refers to the loan that the property buyers apply to the bank according to a certain proportion of the house price when they buy their own property houses due to insufficient funds. After the loan, the bank is entrusted by the borrower to directly transfer the loan amount to the developer or seller's account as part of the purchase price.

Characteristics of applying for personal housing commercial loan

1. The loan involves three parties, namely the lender (bank), the borrower (buyer), the third party (developer, seller or guarantor) and the collateral (property house);

2. The borrower must use the purchased property as collateral;

3. The loan target is individual property buyers who purchase property houses;

4. The loan amount must be controlled within the purchase price, generally not exceeding 80% of the purchase price.

5. The loan recovery method is generally that the borrower repays the loan principal and interest in installments (monthly).

Calculation of personal housing commercial loan amount

According to the current policy, there is no maximum amount of a single loan, but it needs to be determined according to the borrower's monthly repayment ability, and it does not exceed 80% of the total house price (the second-hand house does not exceed 70%). Among them, the method of calculating the loanable amount according to the repayment ability is as follows:

Loanable amount = repayment ability of family monthly income after deducting living expenses and other expenses.

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Monthly repayment amount per ten thousand yuan corresponding to the loan term.

Term of commercial individual housing loan

The longest term of commercial loans for individual housing is 30 years (the longest term of second-hand housing is 15 years), and the longest loan term shall not exceed the borrower's 70 years old.

Calculation method of repayment mode of commercial personal housing loan

Monthly repayment amount of equal principal and interest = loan principal × monthly interest rate+loan principal × monthly interest rate.

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Annual repayment months ............

(1+ monthly interest rate) ...-1

Monthly repayment amount of average capital = loan principal

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+(loan principal-repaid loan principal) × monthly interest rate

Total repayment months

Conditions for drawing housing provident fund to repay commercial housing loans

In the absence of housing provident fund loans, borrowers can use their housing provident fund balance to offset commercial personal housing loans.

Pay attention to prepayment.

The repayment before 1 must be handled by the borrower at the counter. Because the borrower's account is sealed in the monthly entrusted deduction stage, the counter repayment cannot be recorded, so the borrower should pay attention to avoid the deduction period when handling the second business;

2. After the prepayment operation, the borrower will still deduct the installment payment every month and thereafter. If it is necessary to adjust the installment payment, it will be readjusted at the beginning of this month after approval;

3. Personal housing commercial loans provided by some commercial banks need to be repaid normally for one year before they can be repaid in advance.

Consequences of failure to repay on time

1. Upon the expiration of the loan term, it shall be handled in accordance with the regulations of the People's Bank of China on overdue penalty interest, and overdue penalty interest shall be charged on a daily basis for overdue loans (current overdue interest = monthly repayment amount ×0.02 1%× overdue days).

2. Usually, when the borrower defaults, the bank will send a dunning notice to remind the borrower to repay in full and on time; If the borrower fails to repay the loan for three consecutive months, the bank will send a lawyer's letter to urge the borrower to perform the contract, or take the form of bank staff coming to know the situation and communicating with each other to solve the problem; If the borrower fails to repay the loan for more than six months and lacks the willingness to repay voluntarily, the bank will bring a lawsuit to the local people's court according to the loan contract, demanding to dispose of the collateral.

3. Shanghai personal credit system has been started. In order to further improve the system data, the repayment of individual housing loan borrowers will be recorded in the system. Therefore, if the borrower's bad default record will affect his personal credit, it will bring trouble to apply for bank loans and handle relevant materials or certificates in the future.