Since the beginning of this year, the central bank has lowered the benchmark interest rate for loans twice. The interest rate of provident fund loans for less than five years (including five years) was reduced to 4%, and the interest rate of provident fund loans for more than five years was reduced to 4.5%. These two interest rate cuts have great benefits for those who have rigid demand for loans to buy a house, greatly reducing the cost of buying a house and the pressure of repaying loans. At the same time, Kuai Yi Loan has also received many applicants' calculation questions about buying a house with provident fund loans. The following is to introduce the calculation methods and methods of provident fund loans for everyone.
The calculation of provident fund loan should be determined according to four conditions: repayment ability, proportion of house price, balance of housing provident fund account and higher loan amount, in which the minimum value calculated by the four conditions is the lender's higher loanable amount.
1. The calculation formula of provident fund loan based on repayment ability is: loan amount = [(total monthly salary of the borrower or husband and wife+monthly deposit of housing provident fund of the unit where the borrower or husband and wife work) × repayment ability coefficient 40%- monthly repayment amount of existing loans of the borrower or husband and wife ]× 12 (month )× loan period. The total monthly salary = the monthly contribution of the provident fund/(unit contribution ratio+individual contribution ratio);
2. The calculation formula of provident fund loan based on house price is: loan amount = house price × loan ratio. Among them, the loan proportion is determined according to different types. Generally speaking, if the building area is more than 90 square meters, the loan amount shall not exceed 70% of the purchase price; If the construction area is less than 90 square meters, the loan amount shall not exceed 80% of the purchase price.
3. According to the higher loan amount, if I use the housing provident fund to apply for a loan provident fund loan and meet the application conditions, the higher loan amount is 500,000 yuan; At the same time, if the spouse's housing provident fund is used to apply for a loan and the loan application conditions are met, the higher loan limit is 700,000 yuan.
4. The calculation formula of the provident fund loan based on the balance of the provident fund account is: the amount of the provident fund loan = the borrower and the borrower's provident fund account balance ×20.