What is the formula for calculating the loan amount of provident fund?

For some employees working in enterprises and institutions, the company will pay the housing provident fund for you. When buying a house, you can use this housing provident fund loan to reduce your burden of buying a house. In fact, there are four formulas for calculating the amount of provident fund loans. According to the user's choice, different calculation methods can be selected.

Calculation formula of provident fund loan amount

As mentioned above, there are four calculation formulas. They are:

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 contribution of the housing accumulation fund of the unit where the borrower or husband and wife work) × repayment ability coefficient 40%ㄧ monthly repayment amount of the existing loan of the borrower or husband and wife ]× 12 (month )× loan term.

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;

3. According to the maximum loan amount:

I use the housing provident fund to apply for a loan provident fund loan and meet the application conditions. The maximum amount is 500,000 yuan;

4. The calculation formula of provident fund loan based on the balance of provident fund account is:

Provident fund loan amount = balance of provident fund accounts of borrowers and participants ×20

Benefits of using provident fund loans

In fact, it is very good to use provident fund loans, because if you use provident fund loans, the bank will think that your job is very stable, and your loan application will be given priority when approving, and then you can get the loan quickly. Because generally only enterprises and institutions will pay housing provident fund for employees, the work of these units are relatively stable employees, who may work all their lives and will not leave this unit.

Therefore, if you use provident fund loans, it is very popular with banks. Banks especially like users to use provident fund loans, which shows that their repayment ability is very strong and will not make this loan a bad debt.

Housing provident fund loan formula

The provident fund loan formula is as follows:

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 contribution of housing accumulation fund of the unit where the borrower or husband and wife work) × repayment ability coefficient 40%- monthly repayment amount of the existing loan of the borrower or husband and wife ]× 12 (month )× loan period.

Total monthly salary = monthly contribution of provident fund/(unit contribution ratio and 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 purchased loan.

3. According to the maximum loan amount:

I use the housing provident fund to apply for a loan provident fund loan and meet the application conditions. The maximum 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 maximum loan amount is 700,000 yuan.

4. The calculation formula of provident fund loan based on the balance of provident fund account is:

Provident fund loan amount = balance of provident fund accounts of borrowers and participants ×20

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.

The definition of housing provident fund includes the following five aspects:

1. The housing accumulation fund is only established in cities and towns, and the housing accumulation fund system is not established in rural areas.

2. Only on-the-job employees can establish the housing accumulation fund system. Unemployed urban residents and retired workers do not implement the housing provident fund system.

3. The housing accumulation fund consists of two parts, one part is paid by the employee's unit, and the other part is paid by the employee. After the employee's individual deposit is withheld by the unit, it will be deposited into the individual account of the housing provident fund together with the unit deposit.

4. The long-term nature of housing provident fund deposit. Once the housing provident fund system is established, employees must be paid continuously in accordance with the regulations during their employment, and shall not be suspended or interrupted except for employees' retirement or other circumstances stipulated in the Regulations on the Administration of Housing Provident Fund. It embodies the stability, unity, standardization and compulsion of housing provident fund.

5. Housing accumulation fund is a personal housing savings fund specially used by employees for housing consumption expenditure, which has two characteristics: accumulation and specificity.

Main attributes

Housing accumulation fund:

1, security, the establishment of employee housing provident fund system, providing a guarantee for employees to solve housing problems faster and better;

2. Mutual assistance, the establishment of housing provident fund system can effectively establish and form a mechanism and channel for workers with housing to help workers without housing. Housing provident fund provides financial assistance to workers without housing, which reflects the mutual assistance of housing provident fund to workers;

3. In the long run, every urban employee must pay personal housing provident fund from the date of joining the work to the date of retirement or termination of labor relations; The employee's unit should also pay the housing provident fund for employee subsidies as required.

main feature

housing accumulation fund

1, universal, urban workers, regardless of the nature of their work units, family income, and whether they have housing, must pay the housing provident fund in accordance with the provisions of the Regulations;

2, mandatory (policy), the unit does not apply for housing provident fund deposit registration or does not set up housing provident fund accounts for employees of the unit, the housing provident fund management center has the right to order it to handle within a time limit, overdue, can be punished according to the relevant provisions of the "Regulations", and can apply to the people for compulsory execution;

3, welfare, in addition to the housing provident fund paid by employees, the unit has to pay a certain amount for employees, and the interest rate of housing provident fund loans is lower than that of commercial loans;

4. Repayment: the employee retires, resigns, or completely loses the ability to work and terminates the labor relationship with the unit, and the household registration moves out or settles abroad. The paid housing provident fund will be returned to individual employees.

Calculation formula of provident fund loan amount in 2022

The amount of 2022 provident fund loan is calculated according to the following requirements, and the minimum amount is determined.

The calculation formula of (1) is as follows:

(Monthly contribution of the borrower and the auxiliary borrower to the provident fund/contribution ratio ×A× 12 (month) annual contribution of the borrower and the auxiliary borrower to the provident fund )× loan period;

Note: A is the repayment ability coefficient, which is now set at 0.35.

(2) The maximum loan amount of the aided borrower is 200,000 yuan, and the maximum loan amount of 6,543,800 yuan is unilaterally paid into the provident fund. At the same time, the loan amount for the purchase of various types of housing shall not exceed the corresponding proportion, as follows:

Commercial housing: 80% of the total house price;

Existing house: 70% of the total house price;

Second-hand housing and mortgage purchase: 60% of the lower transaction price and evaluation price;

Combination house: 70% of the total house price (sum of provident fund loan and commercial loan).

legal ground

"Regulations on the Management of Housing Provident Fund" Article 25 The employee's withdrawal of the storage balance in the housing provident fund account shall be verified by the unit to which he belongs, and a certificate of withdrawal shall be issued. Workers apply to the housing provident fund management center for withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or disapprove the withdrawal, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures.

Article 26 of the Regulations on the Management of Housing Provident Fund stipulates that employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.

What is the formula of provident fund loan amount?

There are four formulas for the amount of provident fund loans. Under different circumstances, banks will calculate according to different formulas. Here is the formula for calculating the loan amount of the provident fund.

Introduction to the calculation formula of provident fund loan amount

1, calculate the loan amount according to the repayment ability.

The calculation formula is:

[(total monthly salary of the borrower, monthly contribution of the borrower's housing provident fund) × repayment ability coefficient-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 ÷ (proportion of unit contribution and proportion of individual contribution).

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.