How to calculate the loan amount of provident fund
The formula for calculating the loan amount of housing provident fund is: [(total monthly salary of the borrower+monthly payment of housing provident fund of the borrower's unit) repayment ability coefficient-total monthly repayment amount of the borrower's existing loan] loan period (month).
Provident fund loan amount refers to the maximum loan amount that an individual can apply for when using provident fund loans. Only employees who have permanent residence in local towns, have established the housing provident fund system for more than 6 months, and have paid the housing provident fund according to regulations can enjoy the provident fund loan when the funds for purchasing or building houses or renovating or overhauling their own houses are insufficient. 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.
What are the procedures for buying a house loan?
1. At this time, it is necessary to check whether the developer has five certificates: state-owned land use certificate, construction land planning permit, construction project planning permit, housing construction permit and commercial housing sales (pre-sale) permit. Pay the down payment, and pay attention to keep the down payment receipt.
2. When you go to the bank to fill out the application form for personal housing loan, the developer will generally sign a cooperation agreement with one or several banks, so it will be more convenient to go to the bank that has an agreement with the developer to handle the mortgage loan agreement.
Bring the down payment receipt, commercial housing sales contract, ID card, city residence booklet (temporary residence permit for more than one year for non-local accounts), income certificate and other originals and copies to the bank to fill in the application form for personal housing loan.
3. The bank shall review the mortgage loan application, and the credit personnel shall review and approve the materials submitted by the applicant step by step. If it is considered that it meets the conditions of bank loans, the applicant shall be notified to sign the Individual Housing Mortgage Loan Contract, and the contract period shall not exceed 30 years. Go to the Housing Authority to apply for the certificate of other rights of the house, which proves that the house has the mortgage right of the bank. Go to the notary department for notarization of property right mortgage. Go to the insurance company to apply for family insurance.
4. Customers who choose entrusted deduction for repayment need to sign an entrusted deduction agreement with the bank and open a special savings passbook account, savings card or credit card account for repayment at the business outlets designated by the lending bank. At the same time, the seller shall open a settlement account or deposit account with the loan bank.
5. The borrower must repay the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract, otherwise the bank can recover the house according to law. After the loan principal and interest are settled, the mortgage registration is cancelled, and the buyer becomes the real owner of the house.
How to calculate the amount of provident fund loans, and what are the procedures for buying a house loan? The above content is what everyone should know, and everyone should master all aspects of the loan. Provident fund loan is not a simple operation, people must be familiar with it, and the preparation procedures should be ready, so as to ensure the smooth progress of provident fund loan.