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2. 1, 000 yuan's provident fund can be borrowed to buy a house in Xinyang?
The calculation of provident fund loan amount should be determined according to four conditions: repayment ability, proportion of house price, balance of housing provident fund account and maximum loan amount, and the minimum value calculated by the four conditions is the maximum loanable amount of the borrower.
The calculation method of provident fund loan amount is as follows:
1. The formula for calculating the loan amount according to the repayment ability is:
[(Total monthly salary of the borrower, housing reserve coefficient of the borrower-total monthly repayment amount of the borrower's existing loan] × loan term (month).
2. Use by spouse
[(total monthly salary of husband and wife, monthly contribution of housing provident fund of husband and wife's work unit) × repayment ability coefficient-monthly repayment amount of existing loans of husband and wife.
Among them, the repayment ability coefficient is 40%.
Total monthly salary = monthly contribution of provident fund ÷ (proportion of unit contribution and proportion of individual contribution).
3. Loan amount calculated according to house price:
The calculation formula is: loan amount = house price × loan ratio.
4. The loan amount calculated according to the maximum loan amount:
The specific maximum amount varies from place to place, and an MPF management center is established.
3. How much can Xinyang 1 10,000 provident fund borrow?
How much you can borrow depends on the number of years you have paid the provident fund.
Xinyang provident fund loan amount formula: amount =( 14 deposit period) × account balance. The amount shall not exceed 70% of the total house price.
If you buy the first suite, the annual interest rate of the loan for less than five years (including five years) is 2.75%, and the annual interest rate for more than five years is 3.25%; If you buy a second suite, the interest rate will go up 10%, and it is forbidden to issue provident fund loans to employees in the third suite. The loan amount must meet the following conditions at the same time: only one of the husband and wife can set up a housing provident fund with a maximum loan amount of 400,000, and both husband and wife can set up a housing provident fund with a maximum loan amount of 500,000; The amount does not exceed 70% of the total house price; The longest loan period is 30 years, and the borrower is not over 65 years old. The actual loan amount is subject to the calculation of the provident fund front desk.
4. How much can I borrow from the ten thousand provident fund?
The calculation formula of personal provident fund loan amount is: (monthly contribution × total months of legal retirement age) ×2. How much you can borrow from the 10 thousand provident fund depends on the loan amount of the local housing provident fund. For example; Wang, 25, retired at 65. Currently, the provident fund is being paid. The monthly deposit is 600 yuan, and the balance of provident fund is 1 000 yuan, so the maximum loan can be (60040 1 2 1 000,000) 2 = 596,000 yuan. Can't exceed the local government restrictions.
Legal basis:
"Regulations on the Administration of Housing Provident Fund" Article 16 The monthly deposit amount of employee housing provident fund is the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.
"Regulations on the Management of Housing Provident Fund" Article 21 The housing provident fund shall bear interest at the interest rate stipulated by the state from the date it is deposited in the employee housing provident fund account.