Provident fund loan amount refers to the maximum loan amount that an individual can apply for when using provident fund loans. Only employees who have permanent residence in local towns, have established the housing provident fund system for more than 2 years, and have paid the housing provident fund in accordance with the regulations can enjoy the provident fund loan when the funds for purchasing or building houses or renovating or overhauling their own houses are insufficient.
Housing provident fund loan amount:
Provident fund loan amount refers to the maximum loan amount that an individual can apply for when using provident fund loans. Only employees who have permanent residence in local towns, have established the housing provident fund system for more than 2 years, and have paid the housing provident fund in accordance with the regulations can enjoy the provident fund loan when the funds for purchasing or building houses or renovating or overhauling their own houses are insufficient. The calculation of provident fund loan amount should be determined according to four conditions: repayment ability, proportion of house price, balance of housing provident fund account and maximum loan amount, and the minimum value calculated by the four conditions is the maximum loanable amount of the borrower.
The calculation method of gold loan amount is as follows:
(1) Loan amount calculated according to repayment ability,
(2) According to the amount used by the spouse, the repayment ability coefficient is 40% of the total monthly salary = the monthly contribution of the provident fund ÷ (unit contribution ratio and individual contribution ratio).
(3) The calculation method of loan amount based on house price is as follows: loan amount = house price × loan ratio.
(4) the loan amount calculated according to the maximum loan amount
Legal basis:
Article 11 of the Regulations on the Management of Housing Provident Fund
The housing provident fund management center shall perform the following duties:
(a) the preparation and implementation of housing provident fund collection and use plan;
(two) responsible for recording the deposit, withdrawal and use of employee housing provident fund;
(three) responsible for the accounting of housing provident fund;
(four) to approve the extraction and use of housing provident fund;
(five) responsible for the preservation and return of housing provident fund;
(six) the preparation of housing provident fund collection and use plan implementation report;
(seven) to undertake other matters decided by the housing provident fund management committee.