Buying a house with provident fund loans can save a lot of interest expenses for lenders, and it is the first choice for many people to buy a house with loans. However, lenders with different qualifications apply for provident fund loans, and the amount of loans issued is different. Some people will be high, while others will be low. So, what is the low amount of provident fund loans? Let's find out the reasons from these aspects together.
1, the lender's educational background is not high.
Nowadays, many companies need to look at their academic qualifications for recruitment, and some of them don't want to graduate from non-9 1 1, 258 colleges. In contrast, provident fund loans will definitely require higher academic qualifications. After all, people with high academic qualifications have a high starting point and a good income. It may take years, even more than ten years, for people with low academic qualifications to get their first month's salary.
Because education is directly proportional to income, banks will definitely treat lenders with high education differently, and it is reasonable to approve high loan quotas.
2. The lender's industry is not good
Industry discrimination is not just talk. With the same educational background, the employment industry is more promising, and the amount of bank loans will definitely be higher. For example, compared with intermediary industry, direct selling industry and service industry, banks will definitely favor companies in government agencies, sunrise industry and new technology industry.
In addition, the lender's position and income in the same industry will also affect the loan amount.
3. The lender's credit is not good
This does not necessarily mean that the lender is overdue, but it can also mean that the lender is a white household, or that it is not overdue but the credit is spent, which can be regarded as a bad credit record. Under the same conditions, the loan approval amount may not be as good as that of a lender with good credit, or it may be low.
4. The lender's assets are insufficient.
Personal assets can be the guarantee of repayment ability. The more sufficient the asset certificate provided, the more trust and security the bank will have on the lender. In contrast, lenders without any assets in their names may have lower loan approvals.
The creditor's debt is too high.
If the lender has multiple credit cards or other loans in his name when applying for provident fund loans, the total credit line added up is close to the total credit line set by the bank for the lender, which is also a manifestation of the lender's high debt, which will affect the loan pass rate and loan approval limit.
Why did the provident fund come down?
The decline of the provident fund may be due to the reduction of the contribution ratio of the provident fund by the company where the employees work, or it may be due to the decrease of the total wages of the employees in the previous year. The deposit amount of housing provident fund will be adjusted every year, and the unit can choose a proportion between 5% and 12% as the deposit proportion of all employees of the unit. The deposit amount of employee provident fund is related to the average salary of the previous year.
1. According to Article 16 of the Regulations on the Management of Housing Provident Fund, the monthly contribution of employee housing provident fund is the average monthly salary of the employee in the previous year multiplied by the contribution ratio of employee housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.
In other words, the deposit of housing provident fund is based on the average monthly salary of employees in the previous year multiplied by the deposit ratio of employee housing provident fund, so there will be problems of high wages and low housing provident fund. Moreover, the payment of housing provident fund is also related to the adjustment of housing provident fund in this area.
Article 18 of the Regulations on the Management of Housing Provident Fund stipulates that the deposit ratio of housing provident fund for employees and units shall not be less than 5% of the average monthly salary of employees in the previous year; Conditional cities can appropriately increase the deposit ratio. The specific deposit ratio shall be drawn up by the Housing Provident Fund Management Committee and submitted to the people's governments of provinces, autonomous regions and municipalities directly under the Central Government for approval after being audited by the people's governments at the corresponding levels.
Second, the reasons for the reduction in the amount of housing provident fund loans are usually related to personal credit information, age, occupation and repayment ability.
1, provident fund loan policy
If you want to use the provident fund loan, you must meet the conditions stipulated by the policy. The provident fund loan policy not only limits the conditions of provident fund loans, but also limits the amount of provident fund loans. Different cities and regions have different housing provident fund loan quotas.
2. Down payment ratio
No matter what kind of loan method, the loan amount is inversely proportional to the down payment ratio, that is to say, the more down payment buyers make, the lower the demand for loan amount. And each region has different requirements for the down payment ratio. Usually, the down payment ratio for purchasing the first suite will be between 20-30%.
3. Provident Fund account balance
According to the calculation method of provident fund loan amount, the level of provident fund loan amount is also closely related to the balance in individual provident fund account. At present, when calculating the loan amount in most cities, the lender's current provident fund account balance is multiplied by a certain multiple. Therefore, within the maximum limit of the local provident fund loan policy, the balance of the provident fund account is directly proportional to the amount of the provident fund loan.
Factors affecting the amount of provident fund loans
The influencing factors are as follows:
1, personal monthly income
The loan amount of housing provident fund is first affected by the individual's monthly income, which directly determines the deposit amount of the monthly provident fund account. The greater the monthly deposit of the provident fund account, the greater the balance of the provident fund account, and the greater the loan amount applied.
2. Payment proportion and evaluation price
For second-hand housing, in addition to the maximum amount, the down payment ratio and housing evaluation price will also affect the amount of provident fund loans.
The down payment ratio of the first home loan in Shenzhen is 30%, and that of the second home loan is 70%.
3. Deposit base and balance
The loan amount of provident fund is also affected by the deposit base and account balance of provident fund, which directly determines the maximum loan amount of the applicant.
4. Lender's age
The amount of provident fund loans is also related to the age of the lender. If the lender is too old, it will affect the loan. The longest loan period is ≤30 years, and the age, age and loan period of the house are whichever is lower.
5. Personal credit
No matter what kind of loan, personal credit will affect the loan. For customers with good personal credit, the loan amount will generally increase, while for customers with poor personal credit or even poor credit reporting, the loan amount will often decrease.
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans.
Provident fund loans refer to individual housing provident fund loans, which are issued by local housing provident fund management centers. With the housing provident fund paid by employees who apply for provident fund loans, commercial banks are entrusted to issue mortgage loans to housing provident fund depositors who purchase, build, renovate or overhaul their own houses and retired employees who pay housing provident fund during their working life. According to the regulations, employees who have paid housing provident fund for a certain number of years or more (the number of years varies from city to city, such as 12 months or more in Changsha) can apply for provident fund loans when the funds for purchasing, building, renovating or overhauling their own houses are insufficient.
The loan conditions are: the employees of the unit have signed labor contracts for more than three years (or signed 1 year labor contracts for three consecutive years); Normal continuous monthly housing provident fund deposit exceeds a certain period; Not exceeding the statutory retirement age; The borrower has a stable economic income and the ability to repay the principal and interest; The borrower agrees to handle the mortgage registration and insurance; Provide the guarantee method agreed by the local housing provident fund management center and its sub-centers; At the same time, submit relevant documents required by the bank, such as house purchase contract or house pre-sale contract, real estate license, land use certificate, deposit certificate of provident fund, etc.
Letter of credit clause
1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who have not participated in the housing provident fund system cannot apply for housing provident fund loans.
2. If you participate in the housing provident fund system, you must also meet the following conditions to apply for a housing provident fund personal housing loan: that is, you must pay the housing provident fund continuously for not less than 6 months before applying for the loan. Because, if the employee's behavior of paying housing provident fund is abnormal and intermittent, it means that his income is unstable and he is prone to risks after issuing loans.
3. If one of the husband and wife has applied for a housing provident fund loan, both husband and wife shall not obtain a housing provident fund loan again before paying off the principal and interest of the loan. Because the housing provident fund loan is a kind of "housing security" financial support to meet the basic housing needs of workers' families.
4. When applying for a housing provident fund loan, the loan applicant must have a relatively stable economic income and repayment ability, and there are no other outstanding debts that may affect the repayment ability of the housing provident fund loan. When employees have other debts, it is risky to lend to housing provident fund, which violates the principle of safe operation of housing provident fund.
5. The term of the provident fund loan shall not exceed 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.
Why can the provident fund 12 lend 340,000 Er 1 _ 3 1 1,000 yuan?
Provident fund 12 can borrow RMB 340,00010,000 in October for personal reasons. According to relevant information, the reasons for the reduction of the loan amount of housing provident fund are usually related to personal credit information, age, occupation and repayment ability.
What is the reduction in the amount of housing provident fund loans? How much can the housing provident fund loan borrow?
For many people who are about to buy a house, the current house price is very high, so most people will choose to apply for a mortgage loan to buy a house. Before choosing a mortgage loan, if you pay the housing provident fund on time, in order to save money, you may wish to consider buying a house with a housing provident fund loan. Then, what is the reduction in the amount of housing provident fund loans?
For many people who are about to buy a house, the current house price is very high, so most people will choose to apply for a mortgage loan to buy a house. Before choosing a mortgage loan, if you pay the housing provident fund on time, in order to save money, you may wish to consider buying a house with a housing provident fund loan. Then, what is the reduction in the amount of housing provident fund loans? How much can I borrow from the housing provident fund loan?
What is the reduction in the amount of housing provident fund loans?
The reasons for the reduction of the loan amount of housing provident fund are usually related to personal credit information, age, occupation and repayment ability.
1, provident fund loan policy
If you want to use the provident fund loan, you must meet the conditions stipulated by the policy. The provident fund loan policy not only limits the conditions of provident fund loans, but also limits the amount of provident fund loans. The amount of housing provident fund loans in different cities and regions is different. If buyers want to buy a house with provident fund loans, they need to know the local provident fund loan policies.
2. Down payment ratio
No matter what kind of loan method, the loan amount is inversely proportional to the down payment ratio, that is to say, the more down payment buyers make, the lower the demand for loan amount. And each region has different requirements for the down payment ratio. Usually, the down payment ratio for purchasing the first suite will be between 20-30%.
3. Provident Fund account balance
According to the calculation method of provident fund loan amount, the level of provident fund loan amount is also closely related to the balance in individual provident fund account. At present, when calculating the loan amount in most cities, the balance of the lender's current provident fund account is multiplied by a certain multiple, so within the limit of the local provident fund loan policy, the balance of the provident fund account is directly proportional to the provident fund loan amount.
How much can I borrow from the housing provident fund loan?
After the provident fund has been paid for one year (uninterrupted), you can apply for a provident fund loan. At present, the provident fund loan quota policy is as follows:
1, individuals can borrow up to 400,000 yuan, couples can borrow up to 500,000 yuan with supplementary provident fund, and couples can borrow up to 600,000 yuan, and one of them can borrow up to 700,000 yuan with supplementary provident fund;
2. 15 times of the balance in the provident fund (buying a second-hand house), and 20 times of the balance in the card if buying a new house;
3. Loan amount of provident fund = {monthly contribution of provident fund/(individual contribution ratio unit contribution ratio) monthly contribution of provident fund /240%- repayment in other months} loan period.
The above article is all the knowledge I have told you about how much housing provident fund loans can be borrowed when the amount of housing provident fund loans is reduced. I hope I can help you. Before you apply for and apply for a housing provident fund loan, if the amount is too low, you must find out the specific reasons.
Let's stop here for the introduction of reducing the amount of provident fund loans.