The upper limit of Yinchuan Provident Fund loan is 800,000.

Based on the loan limit calculated based on the maximum loan limit in Yinchuan, if one person applies for a housing provident fund loan, the maximum loan amount is 500,000 yuan; if two or more people purchase the same house and apply for a housing provident fund loan, the maximum loan amount The amount is 800,000 yuan.

What are the conditions for provident fund loans?

1. Only employees who participate in the housing provident fund payment system are eligible to apply for housing provident fund loans. Employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans.

2. Those who participate in the housing provident fund payment system and apply for a housing provident fund personal home purchase loan must pay the housing provident fund continuously for no less than six months before applying for a loan, because if employees do not pay the housing provident fund normally, their income will not be enough. Stable and prone to risks after issuing loans.

3. If one spouse applies for a housing provident fund loan, both spouses can no longer obtain a housing provident fund loan before the principal and interest of the loan are repaid, because housing provident fund loans are financial support provided to meet the basic housing needs of employees' families. It is financial support for housing security.

4. When a loan applicant applies for a housing provident fund loan, in addition to having a stable economic income and the ability to repay the loan, the loan applicant also has no other debts with large repayments that may affect the repayment ability of the housing provident fund loan. When employees have other debts, granting housing provident fund loans is risky and violates the principle of safe operation of housing provident funds.

5. The term of provident fund loans shall not exceed 30 years. For combination loans, the loan terms of provident fund loans and commercial housing loans must be consistent.

6. Restrictions on extraction requirements.

As housing provident funds are used more and more widely, more and more home buyers are beginning to withdraw housing provident funds for various reasons. For example, when renting a house, housing provident funds can be withdrawn to pay rent. In order to withdraw more housing provident funds, some home buyers forged lease contracts and deliberately raised rents. They are self-righteous and think that they can be impeccable, but they don’t know that the consequences of illegal withdrawal of provident funds are very serious. Once discovered, you should never think about using provident fund loans to buy a house again! Therefore, when everyone withdraws provident funds, thousands of Never use unfair means to defraud benefits.

7. Account balance limit.

In most cities, provident fund loans are directly related to the provident fund account balance. For example, in Shanghai, the provident fund loan amount is mainly determined by factors such as the provident fund account balance, monthly payment amount, age of the borrower, and house valuation. Generally speaking, the smaller the balance in a provident fund account, the lower the loan amount it will ultimately receive. If the balance in your provident fund account is zero, you cannot apply for a provident fund loan. Therefore, before applying for a provident fund loan, it is best not to mess with the balance of your provident fund account.