2. The loan term calculated by age is: 70 years old-the age of the applicant or the age of the middle-aged and elderly people of both husband and wife of the applicant.
3. The loan term determined according to the remaining years of the collateral is: the service life of the building (50 years for brick and concrete, 60 years for reinforced concrete) -3 years for the building. The shorter of these two years is determined as the longest loan term.
4. If the applicant applies for the housing accumulation fund of commercial banks and individual housing portfolio loans, the maximum age of the applicant is 70 years old, which is reduced to 65 years old. The specific loan period is calculated according to the above formula.
Provident fund loans refer to individual housing provident fund loans. It is a housing mortgage loan issued by the local housing provident fund management center to the depositors who purchase, build and use the housing provident fund. Housing provident fund paid by employees who apply for provident fund loans is used for renovation and overhaul of housing and for retired employees who pay housing provident fund during their employment. According to the regulations, employees who have paid housing provident fund for more than a certain period (the period varies from city to city, for example, Changsha exceeds 12 months) can apply for provident fund loans to rebuild and decorate their own houses when they do not have enough funds to buy or build houses.
Loan conditions: employees of this unit have signed labor contracts for more than 3 years (or signed labor contracts for 3 consecutive years 1 year); Housing provident fund is normally paid for more than a certain period of time in a row; Not exceeding the statutory retirement age; The borrower has a stable economic income and the ability to repay the principal and interest; The borrower agrees to handle mortgage registration and insurance; Provide the guarantee method agreed by the local housing provident fund management center and its sub-centers; At the same time, submit relevant documents required by the bank, such as house purchase contract or house pre-sale contract, real estate license, land use certificate, deposit certificate of provident fund, etc.
What is the term and limit of provident fund loans?
1. For provident fund loans, the applicant must continuously deposit in the provident fund for 12 months. When applying for provident fund loans, the deposit status of provident fund is normal (loans overdue for more than 1 month will not be accepted). The maximum loan amount of commercial housing does not exceed 70% of the total housing price, and the maximum loan amount of second-hand housing does not exceed 60% of the deed tax unit price;
2. The formula for calculating the personal loan limit of the provident fund: (the amount paid in the current month) × the total number of months from the current retirement age+the current balance of the provident fund account )× 2;
3. Legal retirement age: female, 55 years old; Male, 60 years old. The longest loan period is 25 years;
4. This formula is suitable for users who buy first-hand buildings to calculate directly. For second-hand houses, the appraisal price, transaction price and deed tax price of the house need to be considered, and the specific loan amount can only be recovered after being audited by the provident fund center;
At present, the maximum amount of housing provident fund varies from place to place. Need to consult the housing provident fund center where the house is purchased.