The calculation methods of housing provident fund loans include average capital repayment method, that is, monthly repayment amount = loan principal/repayment months (principal-accumulated amount of repaid principal) × monthly interest rate, equal principal and interest repayment method and free repayment method. The specific way shall be agreed by the parties in the loan contract.
legal ground
Article 26 of the Regulations on the Management of Housing Provident Fund
Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.
Article 27
Applicants who apply for housing provident fund loans shall provide guarantees.
Article 668 of the Civil Code
The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.
Article six hundred and eighty
It is forbidden to lend at high interest rate, and the lending rate shall not violate the relevant provisions of the state.
skill
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How to calculate the provident fund loan
Legal analysis: 1. The calculation formula of provident fund loan based on repayment ability is: loan amount (total monthly salary of the borrower or husband and wife, monthly deposit of housing provident fund in the unit where the borrower or husband and wife work) × repayment ability coefficient 40%- monthly repayment amount of existing loans of the borrower or husband and wife ]× 12 (month )× loan period.
2. The calculation formula of provident fund loan based on house price is: loan amount, house price × loan ratio. The loan ratio is determined according to different types.
Legal basis: Article 12 of the Regulations on the Management of Housing Provident Fund, the Housing Provident Fund Management Committee shall, in accordance with the relevant provisions of the People's Bank of China, designate commercial banks entrusted with the financial business of housing provident fund (hereinafter referred to as the entrusted banks); The housing provident fund management center shall entrust the entrusted bank to handle financial services such as housing provident fund loans and settlement, as well as the establishment, deposit and return procedures of housing provident fund accounts.
The housing provident fund management center shall sign an entrustment contract with the entrusted bank.
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How to calculate housing provident fund loans
20 15,101October 24, the interest rate of provident fund loans was adjusted and implemented. The interest rate of provident fund loans for more than five years is 3.25%, the monthly interest rate is 3.25%/ 12, and the interest rate of provident fund loans for less than five years is 2.75% per year, which is consistent throughout the country.
1. What is a provident fund loan?
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans. Provident fund loan refers to individual housing provident fund loan, which is a housing mortgage loan issued by the local housing provident fund management center. With the housing provident fund deposited by employees who apply for provident fund loans, commercial banks are entrusted to issue loans to housing provident fund depositors who purchase, build, renovate or overhaul their own houses and retired employees who have paid housing provident fund during their employment. Workers who have paid the housing provident fund in accordance with the regulations for more than a certain period (the period varies from city to city, such as Changsha exceeding 12 months) may apply for provident fund loans when the funds for house purchase, decoration and overhaul are insufficient.
Second, the loan conditions
Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans, and employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans. Those who participate in the housing provident fund system must also meet the following conditions when applying for housing provident fund loans: they must continuously deposit housing provident fund for at least six months before applying for loans. Because, if the employee's behavior of paying housing provident fund is abnormal and intermittent, it means that his income is unstable and he is prone to risks after issuing loans. If one spouse applies for a housing provident fund loan, neither spouse can obtain a housing provident fund loan until the principal and interest of the loan are paid off. Because the housing provident fund loan is a kind of' housing security' financial support to meet the basic housing needs of workers' families. The longest term of provident fund loans shall not exceed 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.
The materials to be provided for the loan include the second-generation ID card, household registration book, marriage certificate, bank account, sales contract, income certificate, etc. If the property to be traded is in Panyu District, additional bank flow is needed; Foreign household registration must provide tax payment certificate or social security certificate for more than one year; Overdue payment, the need to provide proof of overdue payment, must be audited by the provident fund center.
How to calculate the loan amount of housing provident fund
The calculation of provident fund loan amount should be determined according to four conditions: repayment ability, the proportion of provident fund loan to house price, the balance of housing provident fund account and the maximum loan amount, and the minimum value calculated by the four conditions is the maximum loanable amount of the borrower. The calculation method is as follows:
Loan amount calculated according to repayment ability: (total monthly salary of the borrower, monthly contribution of the housing accumulation fund of the borrower) × repayment ability coefficient-total monthly repayment amount of the borrower's existing loan × loan term (month). If the spouse's quota is used, (total monthly salary of husband and wife, monthly contribution of housing provident fund of husband and wife's work unit) × repayment ability coefficient-total monthly repayment amount of existing loans of husband and wife × loan period (month). Among them, the repayment ability coefficient is 40%, and the total monthly salary = the monthly contribution of the provident fund ÷ (the ratio of unit contribution to individual contribution);
Loan amount calculated according to house price: loan amount = house price × loan amount. The loan ratio is determined according to the different types of houses purchased, built and repaired and the number of mortgage sets;
According to the loan amount calculated by the balance of the housing provident fund account, if an employee applies for a housing provident fund loan, the loan amount shall not be higher than 10 times of the balance of the housing provident fund account when the employee applies for a loan (at the same time, using the spouse housing provident fund to apply for a provident fund loan is the sum of the balance of the employee's own and spouse's housing provident fund account), and if the balance of the housing provident fund account is less than 20,000, it shall be calculated as 20,000;
According to the loan amount calculated by the maximum loan amount, if I use my housing provident fund to apply for a high-amount housing provident fund loan, the maximum loan amount is 400,000 yuan; At the same time, if the spouse's housing provident fund is used to apply for housing provident fund loans, the maximum loan amount is 600,000 yuan. I use my housing provident fund to apply for a housing provident fund loan, and if I normally repay the housing provident fund when applying for a loan, the maximum loan amount is 500,000 yuan; At the same time, if the spouse's housing provident fund is used to apply for a housing provident fund loan, and the spouse or I normally pay a supplementary housing provident fund when applying for a loan, the maximum loan amount is 700,000 yuan.