If you buy a new house, the balance of the provident fund should be at least 20 thousand; If you buy a second-hand house, it costs 40 thousand.

The balance of provident fund account is one of the criteria for calculating the amount of provident fund loans, but many factors need to be considered to determine how much to borrow. The general provident fund loan amount cannot be higher than 10~20 times of the balance of the provident fund account at the time of application, of which the maximum amount for purchasing new houses is 20 times, and the maximum amount for purchasing second-hand houses is 10 times.

If the provident fund loan is 400,000 yuan, the formula for calculating the provident fund loan according to the balance of the provident fund account is: the amount of the provident fund loan (400,000 yuan) = the borrower and the balance of the borrower's provident fund account × multiple (10~20), and the balance of the provident fund account for applying for a loan of 400,000 yuan can be calculated, and it takes at least 20,000 yuan to buy a new house.

Many people should know that the balance of the provident fund account can be used not only for loans, but also for renting houses, repaying loans and overhauling self-built houses. However, considering that the balance of the provident fund account is directly related to the mortgage amount, it is best for friends who intend to use the provident fund loan to buy a house not to withdraw the provident fund easily before this.

After all, the more the balance of the provident fund account, the higher the loan amount, and once it is withdrawn, the account balance will decrease and the loan amount may not be satisfactory. Of course, the final loan amount of the provident fund loan is not a single reference account balance, but also calculated according to factors such as the time of deposit and the value of the purchased property.

In fact, in addition to buying a house, renting a house and repairing a house, the provident fund has three hidden functions:

1, enjoy tax exemption. Friends with higher wages can pay a higher proportion of five insurances and one gold as much as possible, which can not only reduce tax deduction, but also increase the money in their personal accounts.

2, you can be a pension. Isn't everyone worried about having no money to support the elderly? Then when you reach retirement age, you can withdraw the provident fund at one time with interest.

3. Used to pay for major diseases. If a family member is unfortunately seriously ill and has no money for treatment, then we can also withdraw the provident fund to pay for medical expenses. However, not all diseases can be extracted, and the identification standard of major diseases is subject to the regulations of housing provident fund management centers around the country. If you are really worried about having no money to deal with major diseases, it is recommended to rely on large medical insurance and critical illness insurance to feel more at ease.

How much can the provident fund borrow?

There must be 20 thousand in the general provident fund account.

The required conditions are:

1. Ask the housing provident fund management department to take the provident fund loan to buy a house.

2. The buyer should be between 18 and 60 years old, have a fixed income, and guarantee to repay the principal and interest.

3. The applicant has paid the provident fund for a period of time, which generally takes more than 12 months.

4. There is still enough money in the provident fund account, and the amount you can get by applying for a provident fund loan is 10 to 20 times the remaining money of the provident fund. For example, the balance of 20,000 can be loaned to 400,000.

Different banks and cities have different application conditions and loan quotas for provident fund loans. Whether the loan can be approved successfully or not, the loan amount is evaluated according to your comprehensive qualification, and the actual approval result of the loan handling bank shall prevail.

1. The amount of provident fund housing loan is not only related to the amount of provident fund deposit, but also depends on the base of provident fund deposit, the number of years of loan purchase and whether there are other liabilities under the name. This calculation method is (provident fund deposit amount+provident fund deposit base) x0.4x 12x loan period is the loan amount of provident fund.

2, provident fund: usually refers to the housing provident fund, and sometimes refers to the company's provident fund. Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.

3. The housing accumulation fund system is actually a housing security system and a form of monetization of housing distribution. The housing accumulation fund system is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed. Units and individual employees must fulfill their obligations to pay housing provident fund according to law. The housing provident fund paid by individual employees and the housing provident fund paid by the unit shall be stored in special accounts and owned by individual employees.

4. Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.

5. The loan amount of the provident fund is divided into levels: the maximum loan of A is 800,000, the maximum loan of AA is 920,000, and the maximum loan of AAA is 1.04 million. The longest loan period of the provident fund is 30 years, which is subject to the age of the husband and wife, and the age plus loan period cannot exceed 70, which is also related to the age of the building. The building age plus loan period of brick-concrete structure cannot exceed 47, and the building age plus loan period of steel-concrete structure cannot exceed 57. (six) the borrower (including spouse) should have the ability to repay the principal and interest of the loan, and the average monthly income is not lower than the minimum living standard for urban and rural residents in this Municipality. (7) When employees apply for housing provident fund loans, the loan amount shall not be higher than 10 times of the balance of the housing provident fund account when employees apply for loans (at the same time, applying for spouse housing provident fund loans is the sum of the balance of the employee's and spouse's housing provident fund accounts). If the balance of the housing provident fund account is less than 20,000, it shall be calculated as 20,000.

If you have paid the provident fund for two years (excellent position 18 months) and hold a second-generation ID card, you can log in to Ping An Pocket Bank APP- Finance-Loan to try to apply.

What is the balance of the provident fund account to get a loan?

Calculate how much it will cost to decorate your home.

I believe everyone is familiar with provident fund. Not limited to buying a house. In fact, it can also be used when renting, decorating and building houses. As long as you meet the loan conditions, you can apply for a loan. So what is the balance of the provident fund account to get a loan? I believe this is a question that many friends want to know. Let's learn it.

First, how much is the balance of the provident fund account before the loan can be made.

If you buy a new house, the loan amount can reach 20 times of the balance in the provident fund card, and if you buy a second-hand house, you can borrow 10 times of the balance in the provident fund card. For example, buying a new house requires a loan of 20W, and the balance of the provident fund account in the card must be above 1W, otherwise it is likely to affect the loan amount.

Two. Formula for calculating the balance of provident fund account

Loan amount = balance of provident fund account ×2+ monthly contribution of provident fund × to statutory retirement month ×4.

Three. Matters needing attention in applying for provident fund

1. Credit card overdrawn for 6 months.

Many people in modern times will choose credit cards. Once overdue for more than 6 months, the provident fund loan will not be approved. Therefore, we should pay special attention to credit at ordinary times.

2. loans overdue has more than 24 issues.

If the previous loan record has not been repaid for more than 24 periods, the loan cannot be made through the provident fund.

3. There have been fraudulent loans, fraudulent loans.

At present, there are many sunspot platforms to help users with poor credit information provide borrowers with false personal information loan qualifications, reminding friends not to do this as much as possible. Once fraud is discovered, they can't apply for a loan for several years.

4. The guarantor assumed the debt.

When the loan is mortgaged, the guarantor will repay the debt on his behalf, which will lead to high personal credit risk and it will be more difficult to handle the provident fund loan procedures.

The above contents are for reference only. The specific amount of provident fund loans should refer to the latest policies of local provident fund loans. If you want to buy a house with a provident fund loan, you'd better consult the local provident fund management department, so you won't be able to complete the loan if you are in trouble.

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How much do I need to keep the balance of provident fund loans?

To apply for provident fund loans, the provisions on the balance of the applicant's housing provident fund account are as follows:

1. The housing provident fund account must have deposits for more than six months (inclusive).

2. There are no specific restrictions on the balance of the housing provident fund account. It is not accurate to say that the balance of online housing provident fund account must reach more than 10 thousand before loans can be made. As long as the first requirement is met in most areas, loans can be made even if the balance of the housing provident fund account is less than 1 10,000 (specifically, according to the regulations of the local housing provident fund management center, telephone consultation is enough).

In addition, the conditions for provident fund loans are:

1. The housing provident fund account in the month of application must be in a normal state (if the housing provident fund account is sealed, the housing provident fund loan cannot be processed temporarily).

2. The applicant has never applied for a provident fund loan or the loan has been settled (if you have applied for a provident fund loan once, you need to pay off the loan before you can apply for a new provident fund loan; Those who have applied for provident fund loans twice, regardless of whether the loans are settled, can not apply for new provident fund loans.

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