What is the provident fund loan ratio?

The provident fund loan ratio multiples are different in each region. You need to look at the specific loan policies of the provident fund centers in each region. Generally speaking, the provident fund loan limit is 10-20 times the balance of the borrower's provident fund account. Specifically You can consult the local provident fund center for information.

The amount of provident fund loan is related to the balance of the personal account. For example, if the multiple provided by a certain region is 15 times, and a certain borrower has 20,000 yuan of provident fund in his account, then he can apply for 215 = 300,000 yuan. Of course, the loan amount cannot exceed the maximum loan amount stipulated by the local provident fund.

The provident fund loan limit is also related to the provident fund payment base of the lender. For example, some areas stipulate that the monthly repayment amount of the borrower cannot exceed half of the provident fund payment base of the lender. In this case, it is considered a loan. There is a larger provident fund balance in the people's provident fund account, but because the payment base is low, they may not be able to apply for many loans.

If you plan to apply for a provident fund loan in the future, the lender should try not to withdraw funds from the provident fund account before the loan, so that you can apply for more loans.

The housing provident fund refers to state agencies and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social groups and their employees Employees, long-term housing savings with equal contributions.

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

(1) Housing provident fund is only established in cities and towns, and no housing provident fund system is established in rural areas.

(2) The housing provident fund system is established only for current employees. The housing provident fund system is not applicable to unemployed urban residents and retired employees.

(3) The housing provident fund consists of two parts, one part is paid by the employee's unit, and the other part is paid by the employee personally. After the employee's personal contribution is withheld by the unit, it is deposited into the housing provident fund's personal account together with the unit's contribution.

(4) The long-term nature of housing provident fund deposits. Once the housing provident fund system is established, employees must make uninterrupted contributions in accordance with the regulations while on the job. Except for the employee's retirement or other circumstances stipulated in the "Housing Provident Fund Management Regulations", it shall not be suspended or interrupted. It reflects the stability, uniformity, standardization and mandatory nature of the housing provident fund.

(5) The housing provident fund is a personal housing savings deposited by employees in accordance with regulations and used exclusively for housing consumption expenditures. It has two characteristics:

First, it is cumulative, that is, housing The provident fund is not an integral part of employees' wages and is not paid in cash. It must be deposited into a special account opened by the housing provident fund management center in an entrusted bank for special account management.

The second is the special nature. The housing provident fund is earmarked for special purposes. During the storage period, it can only be used to purchase, build, or overhaul self-occupied housing or pay rent according to regulations. Employees can withdraw the housing provident fund from their accounts only when they resign, retire, die, completely lose their ability to work, terminate the labor relationship with the employer, or move out of their original city of residence.

What is the minimum down payment ratio for a provident fund loan

The down payment ratio for a provident fund loan for house purchase is 30. The down payment ratio of a housing provident fund loan refers to the proportion of the house purchase funds paid by the house buyer to the house seller in advance to the total house price. The down payment funds for house purchase must be prepared by the family. For the shortfall, you can apply for a loan and complete the full payment of the house purchase. Under normal circumstances, the housing price minus the down payment is equal to the loan amount. If the down payment ratio is higher, the threshold for a home purchase loan will be higher. Currently, the down payment ratio for provident fund loans in our city is 30% for existing houses and mortgaged commercial housing, and 40% for second-hand houses. Housing provident fund loan to buy a house: Housing provident fund loan down payment explanation: Provident fund cannot be directly used as down payment for house purchase. Citizens need to make a down payment first, and then go to the Housing Provident Fund Management Center to withdraw the balance in their provident fund.

, The housing provident fund loan limit is calculated based on the housing provident fund account balance. The calculation formula is: (provident fund account balance monthly provident fund deposit amount × 2 × the number of months to statutory retirement) × 2. The housing provident fund loan limit is based on the maximum loan limit. The calculated loan amount: if one person applies for a housing provident fund loan, the maximum loan amount is 500,000 yuan; if two or more people purchase the same house and apply for a housing provident fund loan, the maximum loan amount is 800,000 yuan. , The total withdrawal amount of housing provident fund cannot exceed the total house payment. For example, if a citizen purchases a house with a loan for a total price of 200,000 yuan, and his provident fund balance is 300,000 yuan, he can only withdraw 200,000 yuan of provident fund. , After paying off the housing provident fund loan, you can use the provident fund to buy a house. Whether before or after marriage, if one of the spouses has applied for a provident fund loan, there will be records on the system. If the provident fund loan for the first home has been paid off, and the couple uses the provident fund loan to buy a house again, it will still be regarded as the first home purchase.

How to calculate the provident fund loan ratio

According to relevant regulations, the provident fund loan ratio is generally around 1:10 to 1:20, which means the amount we can borrow Generally, it is about 10 to 20 times the provident fund balance.

From a practical point of view, if you use a provident fund loan to buy a house, the amount is usually 15 or 20 times the balance of the provident fund loan. If it is a husband and wife who get the same loan, the loan limit is 15 times the sum of the provident fund accounts of both husband and wife. Or 20 times.

However, there are three main factors that affect the amount of provident fund loans. The details are as follows:

Loan repayment ability: Provident fund loans generally determine our loan repayment through the work income certificate we provide, etc. ability to adjust the loan amount.

Transaction price: Whether it is a commercial loan or a provident fund loan, the borrower needs to pay part of the down payment first, and the remaining part can be applied for a provident fund loan. Generally, the down payment ratio for a provident fund loan for a first home is at least 30. For example, if the total price of the house is 1 million, the lender needs to pay at least 300,000 down payment, and the remaining 700,000 can be applied for a provident fund loan.

Loan limit: Provident fund loans also have limits. It does not mean that after paying the down payment, the remaining balance can be loaned, but the provident fund loan limit will be different in each city.

In short, the specific loan ratio must be comprehensively calculated based on the borrower's other circumstances. In addition to being affected by the provident fund loan ratio, it will also be adjusted based on our loan repayment ability, housing prices, and loan maximum limits. .

The housing provident fund refers to the deposits made by state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social groups and their employees. of long-term housing savings.

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

1. Housing provident fund is only established in cities and towns, and no housing provident fund system is established in rural areas.

2. The housing provident fund system is established only for employees on the job. The housing provident fund system is not applicable to unemployed urban residents and retired employees.

3. The housing provident fund consists of two parts, one part is paid by the employee's employer, and the other part is paid by the employee personally. After the employee's personal contribution is withheld by the unit, it is deposited into the housing provident fund's personal account together with the unit's contribution.

4. The long-term nature of housing provident fund deposits. Once the housing provident fund system is established, employees must make uninterrupted contributions in accordance with the regulations while on the job. Except for the employee's retirement or other circumstances stipulated in the "Housing Provident Fund Management Regulations", it shall not be suspended or interrupted. It reflects the stability, uniformity, standardization and mandatory nature of the housing provident fund.

5. The housing provident fund is a personal housing savings deposited by employees in accordance with regulations and used exclusively for housing consumption expenditures. It has two characteristics: accumulation and specificity.

Main properties

Housing provident fund:

1. Security. The establishment of a housing provident fund system for employees provides a faster and better solution to housing problems for employees. Guarantee;

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

3. Long-term, every urban employee must pay personal housing provident funds from the date of joining the work to retirement or termination of the labor relationship. ; The unit where employees work should also pay housing provident funds for employee subsidies in accordance with regulations.

Main Features

Housing Provident Fund

1. Universality, urban employees, regardless of the nature of their workplace, the level of their family income, or whether they already have housing, All housing provident funds must be paid and deposited in accordance with the provisions of the "Regulations";

2. Mandatory (policy). If the unit does not handle the registration of housing provident fund deposits or does not handle the establishment of housing provident fund accounts for its employees, The management center of the housing provident fund has the power to order it to be processed within a time limit. If it is not processed within the time limit, it can be punished according to the relevant provisions of the "Regulations" and can apply for compulsory enforcement by the people;

3. Welfare, except for employee deposits In addition to the housing provident fund, the unit must also pay a certain amount for employees, and the interest rate of housing provident fund loans is lower than that of commercial loans;

4. Returnability, when employees retire, retire, or completely lose their ability to work and If the labor relationship with the unit is terminated, the household registration is moved or settled abroad, the housing provident fund paid will be returned to the individual employee.