Before applying for provident fund loans, borrowers need to meet the application conditions of local provident fund loans. Generally speaking, borrowers need to pay the provident fund for more than 6 months in a row, and they need good personal credit and can't have other credit stains. How much can they borrow by paying 300 provident fund a month? Let's have a look!

How many loans can I borrow by paying 300 provident fund a month?

Many borrowers will worry that their provident fund will arrive in 300 yuan only one month after payment, and they may not be able to apply for a loan. In fact, whether the provident fund can be loaned mainly depends on the time when the borrower deposits the provident fund and the balance in the provident fund account, which has little to do with the deposit base, and the question of "how much can be loaned by depositing 300 provident fund a month" needs specific analysis and calculation.

If calculated according to the account balance, it is assumed that the borrower's monthly payment base is 300 yuan, and he has been paying for 12 months continuously, then the borrower's personal account balance is 3,600 yuan after one year. According to the calculation of 10-20 times, the borrower can borrow between 36,000 yuan and 72,000 yuan. The multiple relationship between the loan amount of provident fund and the balance of the borrower's provident fund account mainly depends on local policies, and different regions and regulations may be different. Of course, the borrower's deposit base is not high, and it is not easy to get a loan to the highest multiple of the provident fund loan amount.

The loan amount of housing provident fund is not only calculated according to the account balance, but also related to the borrower's repayment ability. The usual calculation formula is: loan amount = [(applicant's monthly salary+monthly contribution of unit provident fund) × repayment ability coefficient-current monthly repayment amount ]× loan period (month), and repayment ability coefficient is different in different regions.

It should be noted that the loanable amount of housing provident fund loan is determined by four conditions: the maximum loan amount, the ratio of housing value to loan, repayment ability and the balance of housing provident fund account, and the minimum value calculated by the four conditions is the maximum loanable amount of the borrower.

The above is Bian Xiao's sharing about "How many loans can I borrow by paying 300 provident fund every month", and I hope it will help everyone!