1. How to calculate the housing provident fund loan limit in Foshan
The housing provident fund loan limit can only be determined by comprehensive calculation.
The calculation of provident fund loan amount is determined based on four conditions: loan repayment ability, house price ratio, housing provident fund account balance and maximum loan limit. The minimum value calculated from the four conditions is the maximum loan amount that the borrower can amount.
The calculation method is as follows:
1. Calculation formula based on loan repayment ability, {(borrower’s total monthly salary, borrower’s unit’s monthly housing provident fund deposit amount) × loan repayment ability coefficient - The total monthly repayment of the borrower's existing loan} × loan period (months), using the spouse's quota {(the total monthly salary of both spouses and the monthly housing provident fund deposit amount of the unit where both spouses work) × loan repayment ability coefficient - the current situation of both spouses The total monthly loan repayment is × loan term (months). Among them, the loan repayment ability coefficient is 40%, total monthly salary = monthly provident fund payment ÷ (unit payment ratio and individual payment ratio);
2. According to the house price calculation formula, loan amount = house price × Loan percentage, of which the loan percentage is determined based on the different types of housing purchased, constructed and repaired and the number of housing loans;
3. Based on the account balance, if an employee applies for a housing provident fund loan, the loan amount shall not be higher than the loan applied for by the employee 10 times the balance of the housing provident fund account at the time (the housing provident fund of the spouse is used to apply for a provident fund loan at the same time, which is the sum of the housing provident fund account balances of the employee and the spouse). If the housing provident fund account balance is less than 20,000, it is calculated as 20,000;
4. According to the maximum limit, if you use your own housing provident fund to apply for a housing provident fund loan, the maximum loan limit is 400,000 yuan. If you use your spouse’s housing provident fund to apply for a housing provident fund loan, the maximum loan limit is 600,000 yuan. If you use your own housing provident fund to apply for a housing provident fund loan, And if I make a normal deposit of supplementary housing provident fund when applying for a loan, the maximum loan limit is 500,000 yuan. If I use my spouse’s housing provident fund to apply for a housing provident fund loan, and if I or my spouse make a normal deposit of supplementary housing provident fund when applying for a loan, the maximum loan limit is 70,000 yuan. Ten thousand yuan.
2. Foshan Provident Fund Loan Amount Calculation
Legal Subjectivity: Provident Fund loan calculation is based on four conditions: loan repayment ability, house price ratio, housing provident fund account balance and loan maximum limit To determine, the minimum value calculated from the four conditions is the maximum loan amount that the lender can lend. Loan amount (the total monthly salary of the borrower or both spouses) The monthly housing provident fund deposit amount of the borrower or both spouses’ unit) )×loan term. Article 26 of the "Housing Provident Fund Management Regulations" Employees who have paid housing provident funds may apply for housing provident fund loans from the Housing Provident Fund Management Center when purchasing, constructing, renovating, or overhauling their own homes. The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant; if the loan is granted, the entrusted bank shall handle the loan procedures. The risks of housing provident fund loans are borne by the housing provident fund management center.
Legal objectivity: Article 26 of the "Housing Provident Fund Management Regulations" Employees who pay housing provident funds may apply for housing provident funds from the Housing Provident Fund Management Center when purchasing, constructing, renovating, or overhauling their own homes. loan. The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant; if the loan is granted, the entrusted bank shall handle the loan procedures. The risks of housing provident fund loans are borne by the housing provident fund management center. Article 27 of the "Housing Provident Fund Management Regulations" Applicants applying for housing provident fund loans shall provide guarantees.
3. How to calculate the Foshan housing provident fund loan amount?
The interest rate of provident fund loans is 3.254.9%. How big a difference can this advantage bring? Let’s do the math:
For the same principal and interest repayment of 50, a provident fund loan will save about 100,000 yuan in interest compared to a commercial loan!
But many people have found a problem, why can’t I reach the loan limit? For example, the upper limit for the same loan for couples in Beijing is 1.2 million, but many people cannot even reach 1 million. Why is this and what affects it? Listen to the editor’s analysis below, and you will know that you have a problem. Where
1. The maximum amount of provident fund loan
This is very simple. The maximum loan amount should be determined by the regulations of the provident fund center in each place. At the same time, applying for housing provident fund using the spouse’s housing provident fund will also impose certain restrictions on the loan. The maximum limit is about 1.2 million, and the maximum limit in Wuhan is 500,000.
2. Provident Fund account balance
The employee provident fund account balance will also affect the loan limit. Generally, a certain times of the provident fund account balance will be reduced from 40 times to 30 times for the provident fund deposit account. . Of course, there are some safety net regulations. For example, some places stipulate that if the balance of the housing provident fund account is less than 20,000 yuan, it will be calculated as 20,000 yuan. Then multiply 20,000 yuan by the corresponding multiple to calculate the final loan amount.
3. Calculation based on house price
To put it simply, the calculation formula is: loan amount = house price × loan ratio, but the standards applied in specific situations are also different.
If you are buying a new house, the provident fund loan limit is quite easy to calculate, but generally the provident fund loan limit is not enough, so you need to take a combination loan and supplement it with a commercial loan; if you are buying a second-hand house, you should pay attention to the above loan limit calculation formula The "house price" in refers to the appraised price of the house, not the net price. It should be 10%-20% lower. The corresponding ratio will determine the final provident fund loan amount.
4. Calculated based on the borrower’s ability to repay the loan
Personal loan
The specific calculation formula: the borrower’s monthly payment to the unit’s housing provident fund) × 40 % - the borrower’s total monthly loan repayment] × loan term (months).
Both husband and wife have the same loan
Calculation formula: (Total monthly salary of both husband and wife, monthly housing provident fund payment amount of the employer where both husband and wife work) × 40% - Monthly loan for both husband and wife Total repayment due]×loan period
The core is 40% of the monthly payment of your provident fund loan.
The provident fund loan limit is calculated based on four aspects: the maximum loan limit, the balance of the housing provident fund account, the loan repayment ability and the housing price. The maximum amount that the applicant can borrow.
4. How much can the Foshan Provident Fund loan?
Foshan’s provident fund loan limit was adjusted twice in 2006 and 2009, reaching a maximum of no more than 260,000 yuan (520,000 yuan for a couple), and has not been adjusted since.
Since 2008, the utilization rate of Foshan’s housing provident fund has reached more than 100% for several consecutive years, especially the proportion of housing provident fund collection and use (including house purchase, construction, and provident fund loans) in 2010 Reaching 125%, that is, the amount of funds used in the current year has exceeded the amount of funds collected in the current year, and the comprehensive utilization rate over the years has reached 97%.