How to calculate the interest on provident fund loan to buy a house? Can I get a loan if my provident fund only has a few thousand yuan?

; When applying for a provident fund loan, borrowers hope that the loan amount they can apply for is as high as possible. The provident fund loan limit itself is limited, but the loan interest is very low, so it is also the first choice for many borrowers. Many borrowers have asked, how to calculate the interest on provident fund loans to buy a house? Can I get a loan if my provident fund only has a few thousand yuan?

How to calculate the interest on provident fund loan to buy a house? The fluctuation in the annual interest rate of provident fund loans is very small. According to the news from the housing provident fund management centers in major regions, the base interest rate of my housing provident fund loan is five (inclusive) years. The following five years and above are generally speaking, the housing provident fund for the first home is Borrowing is based on standard interest rates, and the interest rate on second home loans is multiple times the base interest rate on personal provident fund loans. If the equal principal and interest repayment method is adopted, the monthly repayment amount will remain the same during the entire repayment period, and the proportion of interest and principal will continue to change. The interest proportion will be high in the early stage, and as the repayments continue, the principal proportion will continue to change. The ratio is increasing month by month. If the equal principal repayment method is adopted, the total loan amount is divided into equal parts, and the same amount of principal and interest accrued on the remaining loan in that month are repaid every month.

Can I get a loan if my provident fund only has a few thousand yuan? Even if the borrower only has a provident fund balance of a few thousand yuan, he can still apply for a provident fund loan. Generally speaking, the amount of a personal provident fund loan is 10-20 times the balance of the provident fund account. The calculation of the specific provident fund loan amount is determined based on four conditions: loan repayment ability, provident fund loan housing price ratio, housing provident fund account balance and loan maximum limit. The minimum value calculated from the four conditions is the maximum loan amount that the borrower can borrow. The above is the sharing of relevant content on "How to calculate the interest on provident fund loans to buy a house". I hope it can help everyone! How much can I borrow if my provident fund is only 1,000?

The amount of provident fund that can be borrowed with only 1,000 yuan depends on the average payment base of the borrower’s workplace, spouse’s situation, income and payment years. Moreover, the provident fund management center operates independently on a city-by-city basis. There are certain differences in loan amounts. It is recommended to go directly to the local provident fund management center for consultation.

Legal Analysis

If the flow rate is far lower than the minimum flow rate to ensure accuracy, it will result in no output (such as a vortex flowmeter) or the output signal will be cut off as a small signal. (such as differential pressure flowmeter), this is unfavorable to the supplier and unfair. In order to prevent the loss of benefits, for a specific set of heat energy metering equipment, the supply and demand parties often agree on a certain flow value as the "agreed lower limit flow" based on the flow measurement range and the reachable range, and agree that if the actual flow is less than the agreed value , charged according to the lower limit of charging traffic. The metrological administrative departments of the people's governments at or above the county level may set up metrological verification institutions as needed, or authorize metrological verification institutions of other units to perform compulsory verification and other verification and testing tasks. Personnel who perform the calibration and testing tasks specified in the preceding paragraph must pass the assessment. This function is usually implemented in flow display instruments. The metrological administrative department of the local people's government at or above the county level shall establish public measuring standard instruments according to the needs of the region, and they shall be used after passing the assessment conducted by the metrological administrative department of the people's government at the higher level. Enterprises and public institutions may, according to their needs, establish measurement standard instruments for their own use. Their highest measurement standard instruments shall be used after passing the assessment conducted by the measurement administrative department of the relevant people's government. Metrological verification work should be carried out locally and nearby in accordance with the principle of economic and reasonableness. Metrology verification must be carried out in accordance with the National Metrology Verification System Table. The National Metrology Verification System Table is formulated by the metrological administrative department of the State Council.

Legal Basis

"Housing Provident Fund Management Regulations" Article 26 Employees who contribute to housing provident funds may apply to the housing provident fund when purchasing, constructing, renovating or overhauling their own homes. Provident Fund Management Center applies for housing provident fund loans. The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant; if the loan is granted, the entrusted bank shall handle the loan procedures.

The risks of housing provident fund loans are borne by the housing provident fund management center. My provident fund is only more than 1,000 yuan, can I get a loan?

Yes. As long as the payment time reaches the loan. Common uses of provident fund: 1. For house purchase, one-time withdrawal can be made for house purchase without loan, commercial loan house purchase can be withdrawn for down payment, commercial loan house purchase can be withdrawn for principal and interest repayment, provident fund (portfolio) loan house purchase can be withdrawn for principal and interest repayment; 2. Can be used for Can I get a loan if my provident fund only has a few thousand yuan for building, renovating or overhauling a house?

The amount of a provident fund loan is generally 10-20 times the amount in the provident fund account. In other words, if you have a provident fund of 5,000 yuan, you can get a loan of 50,000-100,000 yuan. about.

Before using the provident fund for a loan, make sure that you have paid the provident fund for 12 consecutive months without interruption, and there have been no late payments or missed payments. Only on the premise that the provident fund can be used for loans can the balance in the provident fund card be used for loans.

Provident fund loans refer to loans enjoyed by employees who have paid housing provident funds. According to national regulations, all employees who have paid housing provident funds can apply for personal housing provident fund loans in accordance with the relevant provisions of provident fund loans.

In 2012, some cities relaxed the conditions for provident fund loans. Among them, in 9 counties in Linyi City, Shandong Province, starting from June 1, 2012, the upper limit of housing provident fund loans will be increased from 200,000 yuan to 300,000 yuan.

Provident fund loans refer to personal housing provident loans. They are local housing provident fund management centers. They use the housing provident funds paid by employees who apply for provident fund loans to entrust commercial banks to purchase, build, renovate, and overhaul self-occupied housing. House mortgage loans issued to housing provident fund depositors and retired employees who paid housing provident funds during their employment. Employees who have paid housing provident funds for a certain period of time or more according to regulations (the period in each city is different, for example, it is more than 12 months in Changsha) can apply for provident fund loans when they have insufficient funds to purchase, build, renovate, or overhaul their own houses.

The conditions for the loan are: the unit’s current employees sign a labor contract for more than 3 years (or sign a 1-year labor contract for 3 consecutive years); pay the housing provident fund normally and continuously on a monthly basis for more than a certain period; do not exceed the legal limit Retirement age; the borrower has stable economic income and the ability to repay principal and interest; the borrower agrees to handle housing mortgage registration and insurance; provides a guarantee method agreed by the local housing fund management center and its affiliated center; and submits relevant documents required by the bank, such as House purchase contract or house pre-sale contract, house property ownership certificate, land use certificate, proof of provident fund deposit, etc.

Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. 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 to apply for a housing provident fund personal home purchase loan: that is, they must have continuously paid and deposited housing provident fund for no less than six months before applying for a loan. This is because if employees’ behavior of paying housing provident funds is abnormal and intermittent, it means that their income is unstable and risks will easily arise after the loans are issued.

. If one spouse applies for a housing provident fund loan, neither spouse can obtain another housing provident fund loan until the principal and interest of the loan are repaid. Because housing provident fund loans are financial support provided to meet the basic housing needs of employee families, and are a type of "housing security" financial support.

When applying for a housing provident fund loan, the loan applicant must not only have a relatively stable economic income and the ability to repay the loan, but also have no outstanding debts with a large amount that may affect the repayment ability of the housing provident fund loan. Other debts. When employees are burdened with other debts, granting housing provident fund loans is very risky and violates the principle of safe operation of housing provident funds.

The maximum term of provident fund loans shall not exceed 30 years. When applying for a portfolio loan, the loan terms of the provident fund loan and the commercial housing loan must be consistent.