What is the maximum loan amount that a bank can grant to an individual for mortgage purchase?
Bank of China has many types of loans. Due to different loan types, loan amounts vary. If you have loan needs, it is recommended to contact the local branch for detailed consultation.
The above content is for your reference, please refer to actual business regulations.
What is the maximum amount of a bank mortgage loan?
Loan limit regulations:
The amount of a bank mortgage loan is based on factors such as house price, loan term, repayment ability, and loan limit. calculate.
1. If it is a commercial loan, the maximum limit is 70% of the house price;
2. At the same time, the loan period cannot exceed 30 years. If it is a second-hand house, the loan period cannot exceed 30 years;
3. The loan period is determined, and the monthly repayment capacity cannot exceed 50% of the family income.
Based on the above three factors, the minimum value is the maximum loan amount.
The specific situation of the subject:
Assuming that the loan term is 30 years, the amount of provident fund that the subject can borrow is:
The provident fund of the borrower applicant and spouse is an individual The sum of monthly deposits ÷ actual deposit ratio × 12 (month) × 0.45 (repayment ability coefficient) × loan term (maximum loan period):
That is, 150÷ (150÷2000) ×12×0.45×30=32,400 (yuan)
If you need a loan of 500,000 yuan, you also need to apply for a commercial loan of about 180,000 yuan, with a term of 30 years, and the loan interest rate is the base interest rate of 4.9.
According to regulations, the borrower’s monthly income ≥ monthly mortgage payment X2, and a monthly income of 2,000 is sufficient.
So, if the subject applies for a commercial loan and a provident fund loan at the same time, he can get a loan of 500,000 yuan.
Extended information:
Home loan is any form of home purchase loan support provided by banks and other financial institutions to home buyers, usually using the purchased home as collateral. According to the source of loan funds, it is divided into two types: provident fund loans and commercial loans.
According to the repayment method, it is divided into two types: equal principal and interest repayment method and equal principal repayment method. The interest rate of housing loans is based on the bank's benchmark interest rate for the same period, and the loan interest rates of different banks may rise slightly.
Loan Amount
Maximum Housing Provident Fund Loan Amount
1. The loan amount shall not exceed the borrower’s family repayment ability during the loan period
Loan amount = sum of total monthly wages of borrower and spouse The year is 40. Total monthly salary = monthly housing provident fund payment on personal account ÷ (unit payment rate and individual payment rate)
For example: the monthly housing provident fund payment on the borrower's housing provident fund account is 160 yuan. The individual and unit contribution rates are both 8, and the monthly housing provident fund deposited in the spouse's housing provident fund account is 286 yuan. The individual and unit contribution rates are both 13, then the borrower's monthly salary is 160÷(88)= 1,000 yuan, the monthly salary of his spouse is 286÷(1313)=1,100 yuan.
2. The loan limit does not exceed a certain proportion of the house price
For purchasing commercial housing, cooperative housing, affordable housing (comfortable housing) and self-built housing, the loan limit does not exceed the house price or the construction price. 70% of the house construction cost;
For those who currently live in public housing, renovated houses after dilapidated housing, or overhaul their own houses, the loan amount shall not exceed 50% of the house price or house repair costs;
Purchase of privately owned houses The loan amount shall not exceed 70% of the appraised value and transaction price of the house;
The loan amount for replacement of public housing shall not exceed 50% of the public housing replacement compensation fee assessed by the replacement enterprise. If the public housing property rights are purchased at the same time, the loan amount It shall not exceed 50% of the total assessed public housing replacement compensation fee and public housing sales price.
On March 30, 2015, the central bank issued a notice: Residential households that own a house and have an unpaid mortgage loan can apply for a commercial loan again to purchase an ordinary home, and the minimum down payment ratio will be reduced to no less than 40;
If you use a provident fund loan to buy your first ordinary home, the minimum down payment ratio is 20; if you own a house and have paid off the mortgage, if you apply for a provident fund loan again to buy an ordinary home, the minimum down payment ratio is 30 .
3. The loan limit shall not exceed a certain multiple of the housing provident fund balance
The loan limit shall not exceed 15 times the housing provident fund balance paid by both the borrower and his wife.
4. The loan amount shall not exceed the maximum loan limit determined by the city’s housing reform leading group
The housing provident fund shall be paid according to the payment ratio of agencies, groups, institutions and domestic enterprises uniformly stipulated by the city. , or if the housing provident fund payment ratio is reduced with approval in accordance with regulations, the maximum loan limit is 100,000 yuan;
The housing provident fund payment ratio of either party's unit or individual borrower's spouse exceeds the unified stipulations of the city. , groups, institutions and domestic-funded enterprises, that is, if the payment ratio is higher than 7 before July 2000, and the payment ratio is higher than 8 after July, the maximum loan limit is 120,000 yuan.
Our city stipulates that the housing provident fund payment ratio of foreign-invested enterprises is higher than the payment and deposit ratio of domestic-funded units. Therefore, all foreign-invested enterprises and their employees pay housing provident fund in accordance with the prescribed ratio (deposits were made before July 2000 The ratio is 12, and the payment ratio after July 2000 is 13), and the maximum loan limit is 120,000 yuan.
The maximum limit and the multiple of the balance of the housing provident fund paid by the borrower and his wife will be adjusted by the municipal urban housing system reform leading group based on the actual situation.