Introduction to the calculation formula of provident fund loan amount
1, calculate the loan amount according to the repayment ability.
The calculation formula is:
[(the total monthly salary of the borrower+the monthly contribution of the housing provident fund of the borrower) × repayment ability coefficient-the total monthly repayment amount of the borrower's existing loan ]× loan term (month).
2. according to the number used by the spouse
[(total monthly salary of husband and wife+monthly contribution of housing provident fund of husband and wife's work unit) × repayment ability coefficient-total monthly repayment amount of existing loans of husband and wife ]× loan term (month).
Among them, the repayment ability coefficient is 40%.
Total monthly salary = monthly contribution of provident fund ÷ (unit contribution ratio+individual contribution ratio).
3. The loan amount calculated according to the house price
The calculation formula is: loan amount = house price × loan ratio.
4. The loan amount is calculated according to the maximum loan amount.
If I use my housing provident fund to apply for housing provident fund loans, the maximum loan amount is 400,000 yuan; At the same time, if the spouse's housing provident fund is used to apply for housing provident fund loans, the maximum loan amount is 600,000 yuan.
Launch provident fund loans
In fact, provident fund loans have many advantages and are very popular with the masses. If your company pays the housing provident fund for you, you can use the provident fund loan. However, provident fund loans can only be used for two houses, and 1 house loans are more favorable. If you want to borrow money to buy a second house, you must pay off the loan of 1 house before you can borrow money to buy a second house. But you can't get a loan for the third house. You can apply for a commercial loan for the third house.
Therefore, there are four formulas for calculating the amount of provident fund loans. According to different situations, the bank will use different formulas to calculate your loan amount. You can also calculate your own quota according to your own situation before using the provident fund loan, so that you know how much you can borrow.