At the right time, provident fund loans need to meet certain conditions before they can be used as provident fund loans, and at the same time, provident fund loans need to be used according to the corresponding multiples, so many people don't know how to calculate the multiples of this provident fund loan, so how should the multiples of provident fund loans be calculated? Next, Bian Xiao will bring you detailed knowledge on how to calculate the loan multiples of provident fund, hoping to help you.

1. How to calculate the multiple of provident fund loans?

According to the account balance, if an employee applies for a housing provident fund loan, the loan amount shall not be higher than 10 times of the housing provident fund account balance when the employee applies for a loan (if the spouse housing provident fund is used to apply for a housing provident fund loan at the same time, it is the sum of the employee's and spouse's housing provident fund account balances), and if the housing provident fund account balance is less than 20,000, it shall be calculated as 20,000;

Second, the provident fund:

According to the regulations of the People's Bank of China, the current effective interest rate is 4.00% for loans with a term of less than five years (inclusive) and 4.50% for loans with a term of more than five years. If the loan term is within 1 year (including 1 year), the principal and interest shall be repaid in one lump sum; If the loan term exceeds 1 year, two repayment methods are adopted: equal principal and interest or equal principal repayment.

Third, the loan term.

According to the remaining length of service and repayment ability of employees. The longest term of housing provident fund personal housing entrusted loan is 20 years. Employees with less than 20 years of remaining service can be relaxed for 3 years.