Generally speaking, you can. Generally speaking, the loanable amount of provident fund is related to repayment ability and personal credit. If you want to borrow 300,000 yuan from 1 10,000 yuan, you need to see whether you meet the following conditions. The calculation formula of personal provident fund loan amount is: (monthly contribution × total months of legal retirement age+balance of provident fund account) ×2. Therefore, the loan amount of provident fund is 1 000 = (500 * 30 *12+1000) × 2 = 380. However, the calculation formula of provident fund loans varies from place to place, which is subject to local policies.

What are the restrictions on applying for provident fund loans?

1. If one spouse has applied for a housing provident fund loan, neither spouse may obtain a housing provident fund loan again before paying off the principal and interest of the loan;

2. When the loan applicant applies for the housing provident fund loan, there are no outstanding debts, which may affect the repayment ability of the housing provident fund loan;

3 provident fund loan period shall not exceed 30 years. For portfolio loans, the loan terms of provident fund loans and commercial housing loans must be consistent;

4. Most cities have stipulated the maximum amount of a single housing provident fund loan, and the maximum amount of housing provident fund loans does not exceed 70% of the total purchase price;

5. The term of the housing provident fund loan shall not exceed the time when the borrower is away from the statutory retirement age. On the basis of considering its repayment ability, the loan term can be appropriately relaxed to 1-3 years.

What matters should be paid attention to in provident fund loans?

1. Prepare loan information. Provident fund loan procedures are complicated. In order to save the loan approval time and ensure the smooth progress of the loan, the borrower should prepare the loan materials as required before lending. If he is not sure what materials need to be prepared, he can consult the local provident fund management center.

2. Understand the loan requirements. Before applying for a provident fund loan, it is also important to understand the loan requirements. It is reported that not everyone can apply for provident fund loans. Only employees who pay the provident fund in full and on time within a certain period of time and whose accounts are still in a normal state are eligible to apply. In addition, there are some differences between provident fund loans and commercial loans in terms of loan amount and term, and borrowers must make clear.

3. The amount of provident fund loans is not enough, and the remaining amount can be used as commercial loans. Because the amount of provident fund loans will be limited by various factors (such as deposit base and account balance, etc.). ), sometimes the loan amount obtained by the borrower may not be enough to pay the house payment. At this time, many people will choose to give up provident fund loans and then choose commercial loans. Actually, it's not necessary In this case, the borrower can consider a combination loan, that is, "commercial loan+provident fund loan".

4. Repay in full and on time. After obtaining a successful loan, the borrower must repay the loan in full and on time according to the contract, so as to avoid leaving a bad credit record and affecting the application for loans and credit cards in the future.

After the payment is paid off, the mortgage will be revoked. The borrower can cancel the mortgage with the bank loan settlement certificate and other real estate title certificates of the mortgaged property to the district or county real estate trading center where the property is located.

6. After buying a house with a provident fund loan, don't repay in advance within one year. Repay in strict accordance with the provisions of the provident fund loan, apply for early repayment after one year of repayment, and the repayment amount should exceed six months.