1. How much can I borrow by paying 500 yuan Provident Fund every month?
The monthly deposit of provident fund is related to the loan amount, but it is not inevitable. What really determines the loanable amount is the balance of the provident fund account. According to the existing policy, the amount of provident fund loans is 10- 20 times the balance in the account (the highest multiple in individual cities is 25 times). For example, Xiao Zhao's company and himself pay a total of 500 yuan to their provident fund account every month, which has been paid continuously for 15 months. During the period, the provident fund was withdrawn once for renting a house, with an amount of 2000 yuan. At that time, the balance in Xiao Zhao provident fund account was 500 yuan * 15 months-2,000 yuan = 5,500 yuan.
Loan amount =5500 yuan *( 10~20) times = ~ 1 10000 yuan.
How much is the monthly mortgage repayment? Which is more suitable, equal principal and interest or average capital? Click to use provident fund calculator.
Two, other factors affecting the amount of provident fund loans
In fact, the actual loanable amount of the provident fund is not only related to the balance of the provident fund, but also affected by the borrower's repayment ability, the down payment ratio of the house, the maximum limit and other factors. Therefore, the above calculation results are approximate loan amount for reference only, and the specific loan amount can only be determined when the bank issues the loan.
It is worth noting that individuals applying for provident fund loans must continuously deposit provident fund for more than 6 months before they can continuously deposit provident fund 12 months. Friends who need provident fund loans to buy a house, it is best not to leave their jobs halfway, which will lead to the termination of the provident fund.