1. Individual Monthly Income

The Housing Provident Fund (HPF) loan amount is firstly affected by the individual's monthly income, which directly determines the amount of contribution to the monthly CPF account. The larger the monthly CPF account contribution, the larger the CPF account balance will be, and then the larger the loan amount applied for.

2. Payment ratio and appraisal price

For second-hand houses, apart from the maximum limit, the down payment ratio and the appraisal price of the house will also affect the CPF loan amount.

Shenzhen's downpayment ratio for first-suite housing loans is 30 percent, and 70 percent for second-suite housing loans.

3. Contribution base and balance

The amount of CPF loan is also affected by the CPF contribution base and account balance, which directly determines the maximum amount of loan for the applicant.

4, the age of the lender

Public fund loan amount is also related to the age of the lender, if the lender is too old will affect the loan, the longest loan period ≤ 30 years, housing age + loan age, age and loan age, according to the lower principle.

5, personal credit

No matter what kind of loan, personal credit will affect the loan. For customers with good personal credit, the loan amount is usually increased, while for customers with poor personal credit, or even bad credit, the loan amount is often reduced.

Provident fund loans are loans enjoyed by employees who contribute to a housing fund. The state stipulates that any employee who contributes to a provident fund can apply for a personal housing fund loan in accordance with the relevant regulations on provident fund loans.

Provident fund loan refers to individual housing fund loan, is the local housing fund management center, the use of the housing fund paid by the employee applying for a provident fund loan, commissioned by the commercial bank to buy, build, renovate, overhaul of self-owned housing housing fund depositors and in-service during the period of the housing fund contribution to the retired employees issued housing mortgage loans. In-service employees who have contributed to the housing fund for a certain period of time or more (the period varies from city to city, e.g., Changsha is more than 12 months) may apply for a loan when they have insufficient funds for the purchase and construction of a house, or for refurbishing or overhauling their own house.

The conditions for the loan are: the unit of active employees signed a labor contract for more than three years (or three consecutive years signed a one-year labor contract); normal continuous monthly contributions to the housing provident fund for a certain period of time; not more than the legal retirement age; the borrower has a stable economic income and the ability to repay the principal and interest; the borrower agreed to apply for the registration of the housing mortgage and insurance; the provision of the local housing fund management center and the sub-center agreed to the form of security; the borrower agreed to apply for a housing mortgage registration and insurance; provide the local housing fund management center and the affiliated The local housing fund management center and its sub-centers agree on the form of guarantee; and submit the relevant documents required by the bank, such as the purchase contract or pre-sale contract of the house, the certificate of property rights of the house, the certificate of land use, and the certificate of provident fund contribution.

Loan conditions

1, only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans, and those who do not participate in the housing provident fund system cannot apply for housing provident fund loans.

2, to participate in the housing fund system to apply for housing fund individual home purchase loans must also meet the following conditions: that is, apply for a loan before the continuous contribution to the housing fund for a period of not less than six months. Because, if the employee's contribution to the housing fund behavior is not normal, intermittent, indicating that their income is not stable, the granting of loans is prone to risk.

3. If one spouse has applied for a housing fund loan, neither spouse can get another housing fund loan until he or she has repaid the principal and interest of the loan. Because the housing fund loan is to meet the basic needs of the employee's family housing to provide financial support, is a "housing security" financial support.

4, the loan applicant in the housing fund loan application, in addition to must have a more stable economic income and the ability to repay the loan, there is no outstanding amount of large, may affect the housing fund loan repayment ability of other debts. When the employee has other debts, and then give housing fund loans, the risk is very high, contrary to the principle of safe operation of the housing fund.

5, provident fund loan period of up to 30 years. For a combination of loans, the loan period of provident fund loans and commercial housing loans must be the same.