The eligibility for provident fund loans has nothing to do with the amount of money in the provident fund account. Generally, applicants are required to participate in the deposit of housing provident fund. Before applying for a loan, they have paid the housing provident fund continuously for at least 6 months (some cities need 1 year or more) and have not withdrawn the provident fund halfway. Only when they apply for a provident fund loan can they apply for a provident fund loan.
In addition, the application for provident fund loans also needs to meet the following conditions:
1. If one spouse has applied for provident fund loans, he can only apply for housing provident fund loans after the loan principal and interest are settled. If the principal and interest of the loan are not settled, neither party can obtain a housing provident fund loan.
Two, the applicant should have good credit conditions and repayment ability.
Three, also need to meet other conditions stipulated by the local housing provident fund management center.
The amount of provident fund loans is usually determined according to local policies. The general loan amount is 10-20 times of the balance of the provident fund account. In some areas, the maximum loan amount is 400,000 for individuals and 800,000 for couples. Please refer to local policies for details.
Provident fund loan, at least how much can I borrow?
If you buy a new house, the balance of the provident fund should be at least 20 thousand; If you buy a second-hand house, it costs 40 thousand.
The balance of provident fund account is one of the criteria for calculating the amount of provident fund loans, but many factors need to be considered to determine how much to borrow. The general provident fund loan amount cannot be higher than 10~20 times of the balance of the provident fund account at the time of application, of which the maximum amount for purchasing new houses is 20 times, and the maximum amount for purchasing second-hand houses is 10 times.
If the provident fund loan is 400,000 yuan, the formula for calculating the provident fund loan according to the balance of the provident fund account is: the amount of the provident fund loan (400,000 yuan) = the borrower and the balance of the borrower's provident fund account × multiple (10~20), and the balance of the provident fund account for applying for a loan of 400,000 yuan can be calculated, and it takes at least 20,000 yuan to buy a new house.
Many people should know that the balance of the provident fund account can be used not only for loans, but also for renting houses, repaying loans and overhauling self-built houses. However, considering that the balance of the provident fund account is directly related to the mortgage amount, it is best for friends who intend to use the provident fund loan to buy a house not to withdraw the provident fund easily before this.
After all, the more the balance of the provident fund account, the higher the loan amount, and once it is withdrawn, the account balance will decrease and the loan amount may not be satisfactory. Of course, the final loan amount of the provident fund loan is not a single reference account balance, but also calculated according to factors such as the time of deposit and the value of the purchased property.
In fact, in addition to buying a house, renting a house and repairing a house, the provident fund has three hidden functions:
1, enjoy tax exemption. Friends with higher wages can pay a higher proportion of five insurances and one gold as much as possible, which can not only reduce tax deduction, but also increase the money in their personal accounts.
2, you can be a pension. Isn't everyone worried about having no money to support the elderly? Then when you reach retirement age, you can withdraw the provident fund at one time with interest.
3. Used to pay for major diseases. If a family member is unfortunately seriously ill and has no money for treatment, then we can also withdraw the provident fund to pay for medical expenses. However, not all diseases can be extracted, and the identification standard of major diseases is subject to the regulations of housing provident fund management centers around the country. If you are really worried about having no money to deal with major diseases, it is recommended to rely on large medical insurance and critical illness insurance to feel more at ease.
How much can I borrow from the housing provident fund?
Legal analysis: 1. If the employee meets the loan application conditions, the maximum loan amount is 500,000 yuan. If employees and their spouses meet the loan application conditions, the maximum loan limit for each household is 654.38+0 million.
2. The specific loanable amount is comprehensively determined according to the deposit of employee housing provident fund and the loanable amount standard of housing provident fund loans, the status and price of purchased housing, individual repayment ability and credit status.
3 workers housing provident fund loan amount is insufficient, you can apply for housing provident fund portfolio loans. The term, guarantee method and repayment method of commercial loans in portfolio loans should be consistent with provident fund loans.
From 4.201110/0, the loanable amount of employee housing provident fund is calculated according to the monthly average balance of employee housing provident fund account when applying for housing provident fund loan, and the calculation result is rounded to thousands. If the calculation result is higher than 500,000 yuan, it is determined to be 500,000 yuan, which is lower than150,000 yuan. When a loan applicant applies for a provident fund loan, the number of housing units shall be calculated based on the family with the largest number of housing units under the name of the applicant and the family to which the applicant belongs. Finally, the number of existing housing units is determined by the family with the largest number of housing units of the loan applicant's family (family members include both husband and wife and minor children).
Legal basis: Detailed Rules for the Implementation of the Measures for the Administration of Personal Housing Provident Fund Loans.
Article 3 Borrowers refer to employees who meet the conditions of provident fund loans as stipulated in the Measures. There shall be no more than two borrowers for the same provident fund loan. If there are two borrowers, the borrowers should be spouses, or if the immediate family members of the payer and the buyer are not the same person within two generations, they should be spouses or immediate family members within two generations.
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How much can the provident fund borrow?
There must be 20 thousand in the general provident fund account.
The required conditions are:
1. Ask the housing provident fund management department to take the provident fund loan to buy a house.
2. The buyer should be between 18 and 60 years old, have a fixed income, and guarantee to repay the principal and interest.
3. The applicant has paid the provident fund for a period of time, which generally takes more than 12 months.
4. There is still enough money in the provident fund account, and the amount you can get by applying for a provident fund loan is 10 to 20 times the remaining money of the provident fund. For example, the balance of 20,000 can be loaned to 400,000.
Different banks and cities have different application conditions and loan quotas for provident fund loans. Whether the loan can be approved successfully or not, the loan amount is evaluated according to your comprehensive qualification, and the actual approval result of the loan handling bank shall prevail.
1. The amount of provident fund housing loan is not only related to the amount of provident fund deposit, but also depends on the base of provident fund deposit, the number of years of loan purchase and whether there are other liabilities under the name. This calculation method is that (the deposit base of the provident fund) x0.4x 12x loan period is the loan amount of the provident fund.
2, provident fund: usually refers to the housing provident fund, and sometimes refers to the company's provident fund. Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.
3. The housing accumulation fund system is actually a housing security system and a form of monetization of housing distribution. The housing accumulation fund system is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed. Units and individual employees must fulfill their obligations to pay housing provident fund according to law. The housing provident fund paid by individual employees and the housing provident fund paid by the unit shall be stored in special accounts and owned by individual employees.
4. Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.
5. The loan amount of the provident fund is divided into levels: the maximum loan of A is 800,000, the maximum loan of AA is 920,000, and the maximum loan of AAA is 1.04 million. The longest loan period of the provident fund is 30 years, which is subject to the age of the husband and wife, and the age plus loan period cannot exceed 70, which is also related to the age of the building. The building age plus loan period of brick-concrete structure cannot exceed 47, and the building age plus loan period of steel-concrete structure cannot exceed 57. (six) the borrower (including spouse) should have the ability to repay the principal and interest of the loan, and the average monthly income is not lower than the minimum living standard for urban and rural residents in this Municipality. (7) When employees apply for housing provident fund loans, the loan amount shall not be higher than 10 times of the balance of the housing provident fund account when employees apply for loans (at the same time, applying for spouse housing provident fund loans is the sum of the balance of the employee's and spouse's housing provident fund accounts). If the balance of the housing provident fund account is less than 20,000, it shall be calculated as 20,000.
If you have paid the provident fund for two years (excellent position 18 months) and hold a second-generation ID card, you can log in to Ping An Pocket Bank APP- Finance-Loan to try to apply.
How much can I borrow from the provident fund?
How much can the provident fund buy a house?
When applying for a loan, the borrower has continuously paid the provident fund in full for more than 6 months (inclusive), and the provident fund account is in the state of payment, regardless of the amount of money in the account. Provident fund loan amount, account balance multiplied by 25 times. Individuals are 400,000 high, and both husband and wife are 800,000 high. Some local provident fund loans are used to purchase policy housing, and the deposit time is different from that of ordinary commercial housing. In addition to the deposit time, if you want to apply for provident fund loans, you need to meet several conditions:
Having a legal and valid identity means having the nationality of the people of China and a valid identity card; Having full capacity for civil conduct; Good credit and stable income; Having a house purchase contract or agreement confirmed by the local real estate registration department, and being able to handle mortgage and guarantee procedures; A certain percentage of the down payment has been paid as required.
What is the amount of provident fund loan?
1. If I use my housing provident fund to apply for a housing provident fund loan, the loan amount is 400,000 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. The calculation of the loan amount of housing provident fund should be determined according to four conditions: repayment ability, proportion of housing price, balance of housing provident fund account and loan amount, and the loan amount of the borrower should be calculated according to four conditions.
2. The calculation method is as follows:
① Loan amount calculated according to repayment ability: the total monthly salary of the borrower and the monthly contribution of the housing accumulation fund of the borrower) × repayment ability coefficient-the total monthly repayment amount of the borrower's existing loan ]× loan period (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; Purchase of commercial housing, price-limited commercial housing, targeted placement of affordable housing, targeted sales of affordable housing or private housing. The purchase of public housing, the loan amount shall not exceed 70% of the purchase price of housing; 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 calculated according to the balance of housing provident fund account shall not be higher than 20 times of the balance of housing provident fund account when employees apply for provident fund loans, and the balance of housing provident fund account is less than 20,000 yuan.