1. Provident fund loans require the balance of the provident fund account, which is one of the elements for calculating the amount of provident fund loans. The formula for calculating the loan amount of provident fund according to the account balance is: the monthly amount of provident fund paid by the loan employees ÷ the proportion of provident fund paid by the loan employees × the repayment ability coefficient (currently 0.45)× 12× the actual loanable period.

2. Lenders can only apply for housing provident fund loans after ensuring that there is a deposit balance of at least 6 months in the provident fund account.

Provident fund loan process 1. Calculate the loan amount and term. If the buyers want to borrow from the provident fund, they should first go to the developer or the local provident fund management center to learn about the related matters of provident fund management, and then they can calculate the amount and duration of their loans. 2. Apply for a loan After the purchaser determines that he can apply for a provident fund loan, the purchaser can apply for a loan from a bank that can undertake provident fund loans, and provide a copy of the information required for the loan, and bring the original for inspection. 3. Signing a contract When the application for provident fund loan of the buyer is approved, then the buyer needs to sign a loan contract at the provident fund service hall. 4. After the buyer signs the loan contract, he can go through the formalities of house purchase transaction and mortgage registration. 5. After the bank loan buyer completes all the above procedures, the loan undertaking bank will lend money to the applicant according to the loan contract, and the funds will be directly transferred to the account designated by the developer. The loanable amount of personal provident fund is calculated as 1, and the loanable amount of employees is calculated as 15 times of the average monthly balance of housing provident fund account. The calculation formula is: the personal loanable amount of employees = x times the average monthly balance of employees' housing provident fund accounts (the multiples of Hangzhou main city, Xiaoshan District, Yuhang District and Fuyang District are currently determined as 15 times). 2. The monthly average balance of housing provident fund account refers to the average balance of housing provident fund account at the end of the month when employees apply for loans (less than 12 months is determined according to the actual number of months) (excluding one-time payment for nearly 12 months). Note: The calculation result of employee personal loan amount is rounded to thousands. If it is less than 1.5 million yuan, it is determined to be 1.5 million yuan, and if it exceeds 500,000 yuan, it is determined to be 500,000 yuan.