The amount of provident fund loans depends on local specific regulations. Local housing management centers do not require provident fund accounts to reach a certain balance before lending, but only impose some restrictions on the upper limit of provident fund loans according to the account balance. For example, the maximum amount of provident fund loans does not exceed 40 times the account balance.
Examination data collection of public institutions
For borrowers who want to apply for housing provident fund loans, they will generally meet the following loan conditions:
1. The borrower must be at least 18 years old and have full capacity for civil conduct;
2. The borrower has participated in the housing provident fund deposit system, and has continuously paid the housing provident fund in full for more than 6 years when applying for a loan, and the deposit status of the provident fund is normal;
3. The borrower pays the down payment for the house purchase according to the regulations, and the general provident fund loan also needs to pay the down payment of 30%;
4. The borrower has a stable job and income and the ability to repay the principal and interest of the loan;
5. When the borrower applies for the provident fund loan, there is no outstanding housing provident fund loan under his spouse's name;
6. Meet other conditions stipulated by the local housing provident fund management center.
To sum up, there is no condition to limit the balance of the provident fund before you can borrow. As long as you meet the conditions of provident fund loans, you can apply for provident fund loans to buy a house, but the loan amount will be limited, which is related to the balance of individual provident fund accounts.
The general provident fund loan amount is 20-40 times of the individual housing provident fund account balance. It can be seen that the more the provident fund account balance, the higher the loan amount that can be applied for. If the balance of the provident fund account is too low, the loan amount may be insufficient, so if you need to use the provident fund loan to buy a house, it is best not to withdraw the housing provident fund easily before handling the loan.
The balance of the provident fund account is only one factor that affects the loan amount. In addition to the account balance, the borrower's repayment ability, the price of the house purchased and the amount of local housing provident fund are all factors that affect the loan amount. The specific loan amount that can be applied for shall be subject to the nucleic acid amount of the local housing provident fund management center.
How much of the public institution's provident fund can be loaned?