Provident fund loan is one of the most used loan methods when buying a house. Many friends know but don't know. For example, do you know how to calculate how much you can borrow from your housing provident fund? Today, I will teach you how to calculate the amount of provident fund loans.

Calculation formula of provident fund loan amount

Loan amount = sum of individual monthly contributions of the borrower and spouse to provident fund ÷ actual contribution ratio × 12 (month )× repayment ability coefficient )× loan term.

Matters needing attention

1. Most cities have stipulated the maximum amount of a single housing provident fund loan. For example, the maximum amount of housing provident fund loans in Beijing is 800,000. If the rating is AAA, it can reach 800,000 (130%) =1040,000.

2. If the deposit ratio of husband and wife is inconsistent, the actual deposit ratio shall be determined by the party with higher proportion. Not higher than the loan limit determined according to the repayment ability of the loan applicant and spouse.

3. The maximum loan amount of housing provident fund shall not exceed 70% of the total purchase price, that is, the down payment shall not be less than 30%.

4. When applying for provident fund loans, the monthly repayment amount/monthly income shall not exceed 50% (including the sum of the monthly repayment amount of existing liabilities and current liabilities).

Second, how much can the minimum housing provident fund be loaned?

Subjective method: the amount of provident fund loans needs to check the specific provisions of your local provident fund management. Loan amount: 12 times the balance of the applicant's housing provident fund account, and shall meet the following requirements at the same time: 1. The monthly repayment amount (the principal and interest calculated by the matching principal and interest repayment method) shall not exceed 50% of the applicant's housing provident fund deposit base. If there are * * * applicants and * * * applicants who have paid the housing provident fund in this city, the deposit base of the housing provident fund is the sum of the deposit base of the applicant and himself. Provident fund deposit base: the average monthly income of employees in the previous year. 2. Not higher than the difference between the total purchase price and the down payment. If the purchased house is a stock commercial house (second-hand house), the applicant shall entrust a real estate appraisal institution recognized by the provident fund to conduct a value appraisal, and take the low value of the contract price and the appraisal price as the total purchase price. Three, employees to buy the first suite, the housing area of 90 square meters or less down payment ratio is not less than 20% of the total purchase price; If the construction area is more than 90 square meters, the down payment ratio shall not be less than 30% of the total purchase price. If you buy a second house, the down payment ratio shall not be less than 60% of the total purchase price. Four, not higher than a single set of housing provident fund loans. Individual employees apply for a single housing provident fund loan of 500,000 yuan, and the applicant and * * * jointly apply, and * * * deposits the housing provident fund for the applicant in this city, with a single housing provident fund loan amount of 900,000 yuan. 5. If the applicant has not withdrawn the housing provident fund for more than three consecutive years before applying for the provident fund loan, the loanable amount of the housing provident fund loan calculated according to the multiple of the balance of the housing provident fund account may be increased by 10%, but other conditions specified in the preceding paragraph shall be met.

Legal objectivity: Article 13 of the Regulations on the Management of Housing Provident Fund shall set up a special account for housing provident fund in the entrusted bank. The unit shall register the housing provident fund deposit with the housing provident fund management center, and go through the formalities for the establishment of housing provident fund accounts for the employees of the unit. Each employee can only have one housing provident fund account. The housing provident fund management center shall establish a detailed account of employee housing provident fund to record the deposit and withdrawal of employee individual housing provident fund.

3. What is the minimum loan interest rate after the provident fund has been paid for five years?

1, and the interest rate of provident fund loans is the lowest. According to the regulations, the interest rate of provident fund loans for more than five years is 3.25%, and the interest rate of provident fund loans for five years and below is 2.75% per year. This interest rate is also unified throughout the country.

2. Compared with commercial loans, the benchmark interest rate of commercial loans for more than five years is 4.90%, which needs to rise to a certain extent during this period, so the interest rate of provident fund loans is definitely relatively low.

Second, the provident fund loan guide

1, the specific deposit amount will be related to the loan amount. Not all friends who have paid personal provident fund can apply for provident fund loans. Property buyers need to pay the housing provident fund loan in full for 6 consecutive months or more than 1 year.

2. The frequency of use is limited. As a welfare policy for employees, housing provident fund can't be used again as long as my loan has not been paid off or my spouse can't apply for provident fund loan.

3. Personal credit investigation is also an important aspect. Regardless of the loan method, banks attach great importance to the borrower's personal credit information.

4. How much can an individual borrow from the minimum standard provident fund?

If you want to apply for housing provident fund loans in China Merchants Bank, due to the different policies in different cities, it is recommended that you contact the local handling outlets or provident fund management centers by telephone to confirm whether there is provident fund loan business and related regulations (such as application conditions, audit standards, real estate requirements, amount and duration, etc.). ) In your local area.