The loan amount of the provident fund is regulated according to levels, with the highest loan of 800,000 for Grade A, 920,000 for Grade AA and 0/0.04 million for Grade AAA. The longest loan period of the provident fund is 30 years, which is subject to the age of the husband and wife, and the age plus loan period cannot exceed 70, which is also related to the age of the building. The building age plus loan period of brick-concrete structure cannot exceed 47, and the building age plus loan period of steel-concrete structure cannot exceed 57.
The specific loan amount is:
First, it must not exceed the individual repayment ability, that is, the sum of the borrower's monthly deposit/borrower's provident fund deposit ratio+borrower's spouse's provident fund deposit ratio ×50%× 12 (month )× loan period;
Second, the purchase of the first set of ordinary self-occupied housing shall not exceed 70% of the purchased housing price (if the construction area of Xing Tao is below 90 square meters (inclusive), it shall not exceed 80% of the purchased housing price);
Third, borrowers (including spouses) should have the ability to repay the principal and interest of loans, and the average monthly income should not be lower than the minimum living standard for urban and rural residents in this city.
Extended data:
Housing provident fund application conditions
1. Individual urban workers and their units must pay the housing accumulation fund continuously for one year.
2. If the borrower purchases a commercial house, it must have self-raised funds of not less than 30% of the total house price as the down payment.
3. The borrower has stable economic income, good credit and the ability to repay the principal and interest of the loan.
4. If both husband and wife normally pay the housing provident fund in full, only one party is allowed to apply for a housing provident fund loan.
5, a family can only apply for a housing provident fund loan to buy a house at the same time.
6. The lender must have permanent residence or valid residence status in the town of this province (city).
7. Agree to use the purchased house as collateral.
References:
Baidu encyclopedia-housing accumulation fund