The loan amount has the following standards:
First, it depends on the maximum amount of local provident fund loans, which cannot be exceeded.
Second, it is generally 10 times the balance of the husband and wife's provident fund account. If you have an account of 20,000 now, you can borrow up to 200,000.
Third, you have to pay 70% of the house price. If the house you buy is only 200,000 yuan, then no matter how much money you have in your account, you can only borrow 6.5438+0.4 million yuan.
Fourth, look at your monthly repayment. The monthly repayment should not exceed 50% of your family's monthly income. If it exceeds, you have to extend the loan period (less each month).
Fifth, the loan period cannot exceed your retirement.
Extended data:
Letter of credit clause
The total amount of provident fund paid by the borrower and his family members is at least 20% of the newly purchased (overhauled) housing expenditure; The lender has a stable economic income and the ability to repay the principal and interest; The borrower agrees to apply for housing mortgage registration insurance;
Provide the guarantee method agreed by the local housing provident fund management center and its sub-centers; At the same time, submit relevant documents required by the bank, such as house purchase contract or house pre-sale contract, real estate license, land use certificate, deposit certificate of provident fund, etc.
loan limit
The calculation method of provident fund loan amount is as follows:
Loan amount calculated according to repayment ability
The calculation formula is:
[(the total monthly salary of the borrower+the monthly contribution of the housing provident fund of the borrower) × repayment ability coefficient-the total monthly repayment amount of the borrower's existing loan ]× loan period (month).
Depending on the number used by the spouse
[(total monthly salary of husband and wife+monthly contribution of housing provident fund of husband and wife's work unit) × repayment ability coefficient-total monthly repayment amount of existing loans of husband and wife ]× loan term (month).
Among them, the repayment ability coefficient is 40%.
Total monthly salary = monthly contribution of provident fund ÷ (unit contribution ratio+individual contribution ratio).
Loan amount calculated according to house price
The calculation formula is: loan amount = house price × loan ratio.
The loan amount is calculated according to the maximum loan amount.
If I use my housing provident fund to apply for housing provident fund loans, the maximum loan amount is 400,000 yuan; At the same time, if the spouse's housing provident fund is used to apply for housing provident fund loans, the maximum loan amount is 600,000 yuan.
I use my housing provident fund to apply for housing provident fund loans, and if I pay the housing provident fund normally when applying for loans, the maximum loan amount is 500,000 yuan;
At the same time, if the spouse's housing provident fund is used to apply for a housing provident fund loan, and the spouse or I normally pay a supplementary housing provident fund when applying for a loan, the maximum loan amount is 700,000 yuan.
References:
Baidu encyclopedia-provident fund loan amount