The maximum loan amount of 20,000 provident fund is 400,000. Under normal circumstances, the loan amount of individual provident fund should be about 10-20 times of the memory amount in the provident fund account. The specific demand is determined according to the borrower's repayment ability, the amount of housing provident fund account, the loan amount and the proportion of provident fund loans to house prices.

Extended data:

How much can the provident fund borrow?

(a) I use my housing provident fund to apply for housing provident fund loans, the loan limit is 400 thousand yuan. If the husband and wife combine housing provident fund loans, the loan limit is 600,000 yuan. The term of the provident fund loan is 30 years.

(2) The calculation of the loan amount of housing provident fund should be determined according to four conditions: repayment ability, percentage of house price, balance of housing provident fund account and loan amount, and the loan amount of the borrower should be calculated according to four conditions.

The calculation method is as follows:

1, calculate the loan amount according to the repayment ability.

Total monthly salary of the borrower) × repayment ability coefficient-total monthly repayment amount of the borrower's existing loan ]× loan term (month). The calculation formula of the loan amount for both husband and wife is: (total monthly salary of both husband and wife, monthly contribution of housing provident fund of both husband and wife's work units) × repayment ability coefficient-total monthly repayment amount of existing loans of both husband and wife ]× loan period (month). Among them, the repayment ability coefficient is 40%. Total monthly salary = monthly contribution of provident fund ÷ (proportion of unit contribution and proportion of individual contribution).

2. If the loan amount is calculated according to the house price,

The calculation formula is: loan amount = house price × loan ratio.

A purchase of commercial housing, price-limited commercial housing, targeted placement of affordable housing, targeted sales of affordable housing or private housing.

B for the purchase of existing public housing, the loan amount shall not exceed 70% of the purchased housing price; In rural collective land construction, renovation, overhaul of their own housing, the loan amount does not exceed 70% of the required costs.

3. The loan amount is calculated according to the balance of the housing provident fund account.

A. For the purchase of price-limited commercial housing or affordable housing, the loan amount shall not be higher than 20 times of the balance of the housing provident fund account when employees apply for provident fund loans (at the same time, applying for provident fund loans with spouse housing provident fund is the sum of the balance of the employee's and spouse's housing provident fund accounts, the same below). If the balance of the housing provident fund account is less than 20,000 yuan, it shall be calculated as 20,000 yuan.

B. If the first self-owned house is purchased by loan, the loan amount shall not be higher than 20 times the balance of the housing provident fund account when the employee applies for provident fund loan; If the balance of the housing provident fund account is less than 20,000 yuan, it shall be calculated as 20,000 yuan.

C the loan amount shall not be higher than 10 times the balance of the housing provident fund account when the employee applies for a loan. If the balance of the housing provident fund account is less than 20,000, it will be calculated as 20,000: the loan is used to purchase a second house; Purchase public housing; Construction, renovation or overhaul of self-owned housing on rural collective land.

Third, what is the use of the provident fund after the provident fund loan?

After handling the provident fund loan, you have to pay the provident fund. If you don't pay the provident fund, the local provident fund center may turn your loan into a commercial loan, and the interest rate will rise, which is not cost-effective, because the interest rate of commercial loans is very high, the benchmark interest rate is 4.9%, and the bank will rise 10%-30%. In contrast, the interest rate of provident fund loans is only 3.25%. Therefore, the provident fund should still be paid normally.

How much can I borrow from the 20 thousand provident fund

1.20,000 can I borrow 400,000 from the balance of the provident fund?

Generally speaking, it is ok. When applying for a loan with my housing provident fund, the maximum loan can be 400,000, and the maximum limit for both husband and wife is 600,000. If the supplementary housing provident fund is paid normally, that is, the balance is greater than 12500 yuan and the monthly payment is greater than that of 780 yuan, then the maximum loan amount of my loan is 500,000 yuan, and that of both husband and wife is 700,000 yuan. However, the specific loan amount needs to be comprehensively considered according to my repayment ability, local policies and other factors.

Second, what are the benefits of buying a house with provident fund?

1, the loan interest rate is lower than the commercial loan interest rate.

At present, the benchmark interest rate for provident fund loans for five years or more is 3.25%, and the interest rate for commercial loans is 4.9%. With the same amount of loans, provident fund loans will save a lot of money than using commercial loans.

2. The amount of provident fund loans is high.

At present, if you use commercial loans, you can usually only borrow 70% at most, but if you use provident fund loans, the loan ratio can be increased to 80%. The down payment pressure will also be reduced accordingly.

3. There is no penalty for early withdrawal of provident fund.

For commercial loans, there is a penalty for prepayment. And provident fund loans, there is no such problem, provident fund loans, loans for one year, you can apply for early repayment, and there is no penalty interest.

3. What is the use of the housing provident fund?

1, used to buy a house.

If you want to borrow money to buy a house, you can apply for a provident fund loan. The low interest rate of provident fund loans can save a lot of loan interest for loan users. If you don't apply for a loan, you can withdraw the provident fund at one time to pay the down payment for the house; Users who have applied for commercial loans to purchase houses can withdraw the provident fund to repay the loan principal and interest on a monthly basis;

2, due to the construction, renovation or overhaul of the house.

When the depositor of the provident fund needs to build his own house or renovate or overhaul his own house, he can apply for a one-time withdrawal of the housing provident fund, because he built, renovated or overhauled his own house at his own expense;

3. for renting a house.

Some urban provident funds can also be used for renting houses. If the monthly rental expenditure exceeds a certain proportion of the family income of the depositor of the provident fund, then the provident fund can be withdrawn monthly to pay the housing rent;

4, used to treat major diseases.

If the family members of the provident fund payer are unfortunately suffering from serious diseases, they can apply for withdrawing the provident fund to pay medical expenses and reduce the family burden;

5. The payer of the provident fund retires; Retire; Those who go abroad to settle down may apply for a one-time withdrawal of the provident fund. For retirees, one-time withdrawal of provident fund is a considerable pension.

The balance of my provident fund account is 20 thousand. How much can I borrow now?

There is 20,000 yuan in the provident fund account, and the loan amount can be divided into the following situations:

1, calculated by house price

Calculation method: loan amount = house price × loan ratio.

The loan ratio should be determined according to the different types of housing construction and repair and the number of housing loans. If the first house is purchased, and the usable floor area of the house is less than 90 square meters (including 90 square meters), the house payment shall not be less than 20% of the house price, that is, the loan amount shall not be higher than 80% of the house price.

2. According to the repayment ability.

Calculation method: {(the total monthly salary of the lender and the monthly contribution of the housing provident fund of the lender's unit) × repayment ability index-the total monthly repayment amount of the lender's current loan }× loan time (month).

If the lender is married, it can use a partner bank, and the calculation method is: {(the total monthly salary of both husband and wife and the monthly amount of housing provident fund paid by both husband and wife) × repayment ability index-the total repayment amount of both husband and wife in the current loan month }× loan time (month).

3. Calculate according to the maximum amount.

If you use your own housing provident fund to apply for housing provident fund loans, the maximum loan amount is 400,000 yuan, and if you use your spouse's housing provident fund to declare housing provident fund loans, the maximum loan amount is 600,000 yuan. If the lender normally pays the supplementary housing provident fund, the maximum amount for applying for housing provident fund loans with its own housing provident fund is 500,000 yuan, and the maximum amount for applying for housing provident fund loans with its partner's housing provident fund is 700,000 yuan.

4. Calculated by account balance.

When employees apply for housing provident fund loans, the personal loan amount shall not be higher than 10 times of the balance of the housing provident fund account when they apply for loans (at the same time, the balance of the housing provident fund account of employees and their spouses is the sum). If the balance of the housing provident fund account is less than 20,000, it shall be calculated as 20,000. Some cities require different multiples of the loan amount, so the loan amount they can handle will be different.

Loan terms:

1. The borrower must open an individual housing provident fund account 180 days, counting forward from the date of applying for provident fund loans, and pay the housing provident fund in full and on time for more than 6 months.

2. I or my spouse, parents or children buy commercial housing in this city, and the purchase behavior occurs within one year.

3. The borrower has no provident fund loan being repaid. The borrower and spouse have good credit, and no more than 2 housing loans are being repaid (inclusive).

4. You can apply for mortgage loans with the relevant procedures for purchasing commercial housing and the self-raised funds in a specified proportion.

5. The borrower and the mortgagor must be 18 years old.

6. Meet other conditions stipulated by laws, regulations and rules.