The more the balance of the provident fund, the higher the amount of provident fund loans that borrowers can apply for.
The housing provident fund management centers in most cities stipulate that the amount of provident fund loans is 10-20 times of the balance in the provident fund account.
In addition to calculating the loan amount according to the balance in the provident fund account, there are four other ways to calculate the credit amount of provident fund loans.
1, according to the regulations of some cities, if the house purchased by the borrower's provident fund loan is a second-hand house, the amount will be calculated according to the assessed value of the house when handling the loan.
Generally speaking, you can only get about 70% of the housing evaluation price.
For housing provident fund loans, the borrower also needs to pay the down payment according to the regulations, and the amount of housing provident fund loans applied by the borrower shall not exceed the balance after deducting the down payment from the total housing price.
2. It is convenient to calculate the formula of this calculation method according to the repayment ability. In the unmarried state, the loan amount = [(total monthly income of the borrower+monthly deposit of housing provident fund) ×40%- existing monthly repayment amount of the borrower ]× loan period.
In the married state, the amount = [(total monthly income of husband and wife+monthly contribution of housing provident fund of husband and wife) ×40%- monthly repayment amount of husband and wife ]× loan period.
3. If I use my housing provident fund to apply for a housing provident fund loan according to the maximum amount, 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.
At the same time, if the spouse's housing provident fund is used to apply for a housing provident fund loan, and the supplementary housing provident fund is normally paid by himself or his spouse when applying for a loan, the maximum loan amount is 700,000 yuan.
4. The calculation of the deposit period of the provident fund does not depend on the balance of the provident fund account, but on the deposit period of the provident fund. You can apply for a loan if you continuously deposit the provident fund for more than half a year, and you can borrow 654.38+ 10,000 yuan for each year of deposit, and less than one year is counted as one year.
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Should provident fund loans pay off debts?
When applying for provident fund loans, there is no need to clear other liabilities. As long as the borrower's debt ratio is not very high, personal income can completely cover provident fund loans and other loan debts, and it will generally not be affected when applying for provident fund loans.
However, if the lender has too much debt, when applying for provident fund loans, in order to improve the loan success rate, it is necessary to repay other debts in advance to reduce the debt ratio. If the debt ratio is too high, it is very likely to be rejected.
When applying for a provident fund loan, the provident fund center will generally inspect the lender's provident fund account, credit information, income and work. Lenders need to make preparations in advance, properly prepare materials for the provident fund center to audit, and speed up the loan efficiency.
The amount of provident fund loans is related to the balance of the provident fund account, so if you plan to apply for provident fund loans in the future, then the lender had better not withdraw the funds from the provident fund account, so you may apply for more provident fund loans.