Because the interest rate of provident fund loans is lower than that of commercial loans, it has become the mortgage method chosen by most working-class people. At present, there are three ways to calculate the loan amount of provident fund, and the lowest is the approved loan amount. 1, the loan amount calculated according to the repayment ability, the calculation formula is: [(total monthly salary of the borrower+monthly contribution of the housing accumulation fund of the borrower) × repayment ability coefficient of 40%-total monthly repayment of the borrower's existing loan ]× loan period (month), and the specific value cannot be calculated because you have not provided the salary amount; 2. The loan amount calculated according to the house price, the calculation formula is: loan amount = house price × loan ratio, in which the loan ratio is determined according to different types of houses purchased, built and repaired and the number of mortgage loans; Generally less than 90 square meters, the down payment is not less than 20% of the purchased house price, and the loan amount is not higher than 80% of the purchased house price; If the construction area of the purchased house exceeds 90 square meters, a down payment of not less than 30% of the purchased house price shall be paid, and the loan amount shall not be higher than 70% of the purchased house price. 3. Loan amount calculated according to the balance of housing provident fund account If an employee applies for a housing provident fund loan, the loan amount shall not be higher than 10 times of the balance of the housing provident fund account when the employee applies for a loan (at the same time, using the spouse housing provident fund to apply for a provident fund loan is the sum of the balance of the employee's own and spouse's housing provident fund account), and if the balance of the housing provident fund account is less than 20,000, it shall be calculated as 20,000. If I use my housing provident fund to apply for housing provident fund loans, the maximum loan amount is 400,000 yuan; At the same time, if the spouse's housing provident fund is used to apply for housing provident fund loans, the maximum loan amount is 600,000 yuan.

Legal objectivity:

Article 26 of the Regulations on the Management of Housing Provident Fund stipulates that employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center. "Regulations on the Administration of Housing Provident Fund" Article 27 An applicant applying for a housing provident fund loan shall provide a guarantee.