The amount of provident fund loans will be calculated according to the account balance, not just according to the account balance. When calculating the loan amount of provident fund, generally, according to the lender's repayment ability, down payment ratio, the maximum amount stipulated by the local provident fund policy and the balance of the lender's provident fund account, the lowest one is taken as the final loanable amount.
The formula for calculating the loan amount of provident fund is 1. According to the repayment ability, the loan amount = [(the applicant's monthly salary+the monthly contribution of the unit provident fund) × the repayment ability coefficient-the current monthly repayment amount ]× the loan period (month). The repayment ability coefficient of different cities may be different, subject to local conditions.
2. Calculated by down payment and house price: amount = house price-down payment.
3. The loan amount shall not exceed the maximum amount stipulated by the local provident fund center.
4. Calculation of the balance of the provident fund account: loan amount = the balance of the applicant's provident fund account ×20 (times), and the multiple may be different in different regions, subject to local regulations.
What are the factors that affect the amount of provident fund loans? 1, payment time.
The basic condition is that the provident fund has been paid for half a year or more.
2. Payment amount
The higher the balance of personal provident fund account, the higher the loan amount approved by the bank, and the deposit amount is directly related to wage income and payment base, so generally speaking, the higher the salary, the higher the deposit amount of provident fund.
3. Housing valuation
Generally, the maximum amount of provident fund loans cannot exceed the house valuation MINUS the down payment, so the higher the house valuation or the higher the down payment, the more provident fund you can borrow.
4. Personal qualifications
The better the general personal qualifications, such as credit status, the higher the loan amount that banks are willing to approve. Before applying for provident fund loans, buyers should go to the local provident fund center to find out the maximum loan amount of the local provident fund. Generally, the maximum loan amount is different in different regions. Some users may feel that the amount of provident fund loans is low, so they can choose a combination of commercial loans and provident fund loans, which can complement each other, but which loan method to choose depends on the user's own situation and actual needs.