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Why can't provident fund loan the maximum amount? What's the maximum amount of provident fund

In June and July every year, cities will adjust the upper limit of housing provident fund deposit and the employee housing provident fund deposit base. Generally, the deposit base depends on the average salary of the previous year. The direct impact of adjusting the deposit base is the amount recorded in the provident fund account every month, which will further affect the future loan amount. Recently, some netizens are preparing to apply for provident fund loan to buy a house. They found that the factor affecting the loan amount of provident fund is not only the monthly deposit.

The netizen has worked for at least five years. Up to now, he has paid more than 1000 provident funds per month, and the income deposit amount is not low. In addition, the interest rate of provident fund loan is lower, so he wanted to apply for provident fund loan. Originally, he thought he could apply for the maximum amount, but he learned that he can only apply for 90% of the maximum amount. The reason is that he has withdrawn provident fund to pay rent before, The smaller balance in the account affects the loan limit. At this time, he remembered that he used to withdraw the provident fund. When he just joined the work, he would earn about 3000 yuan a month. After paying the rent and living expenses, there was no money left. Later, he made a girlfriend. In order to alleviate the financial pressure, he applied to withdraw the provident fund to pay the rent. 'at that time, he was very happy to hear that his colleagues could withdraw the provident fund to pay the rent. Anyway, he used his own money, I didn't think much about it. " Netizens said that in fact, there are not a few young people who withdraw the provident fund to pay the rent. Their original intention is very simple. It is to alleviate the pressure of renting a house. However, they did not expect that the account balance will affect the loan amount. Netizens said that after paying the provident Fund for so many years, they never thought about the loan amount in the future.

However, the loan amount in not all cities is related to the balance. Due to the obvious differences in provident fund policies, in general, the factors affecting the loan amount include the maximum loan amount, account balance, monthly deposit base, monthly deposit amount, construction area and down payment ratio.

1. Loan ceiling

This should be well understood. Each city has set a maximum loan limit, and there will be differences between husband and wife and individuals. For example, the maximum application limit for husband and wife in Shenzhen is 900000 and that for individuals is 500000. In addition, cities will adjust the limit according to market conditions. This year, the overall credit policy has been tightened, and some cities have reduced the maximum limit.

2. Account balance

Some cities will take the account balance as the factor for calculating the loan limit. For example, in Shenzhen, the calculation formula of the loan limit is the loan limit = x14 times the provident fund account balance. The calculation formulas vary from place to place. For details, consult the local provident fund center.

3. Deposit base

Some cities stipulate that the total monthly principal and interest of provident fund loans cannot exceed 50% of the deposit base. For example, Shenzhen: the total monthly principal and interest of housing loans ≤ Deposit base X50% (calculated by equal principal and interest). If the husband and wife repay the loan together, the total principal and interest of the monthly mortgage payment &le( Principal lender's deposit base + sub lender's deposit base) X50%.

4. Monthly deposit

Some cities take monthly income and monthly deposit as the evaluation standard of loan amount.

For example, in Beijing, the maximum loan amount = (monthly family income - Beijing basic living expenses standard) / the average monthly repayment amount per 10000 yuan of the loan application period

Where, monthly income = monthly deposit of individual housing provident fund & pile; Housing provident fund deposit ratio

If the monthly deposit amount is 2000 yuan, the deposit proportion is 12%, and the loan is 20 years, the standard of basic living expenses in Beijing is 1323 yuan, and the average monthly repayment amount of each 10000 yuan loan is 56.72 yuan

Monthly income = 2000 / 12% = 16667 yuan

Maximum loan amount = (16667-1323) / 56.72 = 270.52 yuan, taking the maximum amount of 1.2 million yuan, and the maximum loan amount is 1.2 million yuan

(the data of deposit ratio, monthly average repayment amount per 10000 yuan loan and Beijing basic living expenses standard are from Beijing housing provident fund management center)

5. Building area

Some cities will take the construction area as the evaluation standard of loan amount, such as Beijing:

Suite building area ≤ The first suite of 90 square meters has a maximum mortgage of 1.2 million

Suite building area & gt; For 90 square meters of housing, the maximum mortgage is 800000

6. Down payment ratio

The loan amount of provident fund is affected by the down payment ratio of housing loan and the total price of housing evaluation, and the maximum loan amount ≤ House appraisal price - down payment

For example, for a 2 million house, the down payment is 20%, and the loan amount ≤ 200-40 = 1.6 million. Assuming that the maximum limit is 1 million, the maximum loan limit cannot exceed the limit, that is, only 1 million can be loaned at most.

So it seems that the formulas for calculating the loan amount of provident fund are different everywhere, and the differences of factors affecting the loan amount are also obvious. When using the provident fund, buyers should find out the local policies so as not to affect the loan amount.

In addition, due to the long lending cycle of provident fund loans and the slow recovery of funds, many developers or buyers are reluctant to sell to buyers using provident fund loans. A relative and aunt once bought a house and chose a provident fund with lower interest and a developer with good reputation. Based on the psychology of "trusting big brand developers", the aunt did not look at the detailed rules of the house purchase contract when signing the contract, but after signing the contract, the real estate salesperson reminded her that if her provident fund loan was not approved within two months, The payment method will be automatically changed to commercial loan or one-time payment. At that time, if the aunt can't bear the commercial loan or one-time payment, she will pay a high amount of liquidated damages.

"I was stupid at that time. Now the loan amount of provident fund is so tight that it is difficult to get approval within two months!" The aunt explained: "at that time, the housing provident fund management center said that it had been entered into the loan system, but it failed to enter the approval process due to quota restrictions. There were nearly 5000 loan applications waiting to be reported, which was too difficult to get approval within two months!" Since the two-month "waiting loan" period belongs to the time of negotiation between the buyer and the seller, if the buyer fails to obtain the provident fund loan within the agreed time, it must be converted to commercial loan or one-time payment according to the requirements of the agreement between the two parties, otherwise it will be a breach of contract. The buyer also cannot cancel the transaction on the grounds that the provident fund loan has not been approved as' force majeure '. The 'irresistible' reasons mentioned here are common, such as sudden policy changes or sudden purchase restrictions, which lead to buyers being ineligible to buy a house. However, in terms of the loan amount, the tightness of the amount in the city is predictable and does not belong to 'force majeure'.

Here we need to remind you that although the interest rate of provident fund is low, we should also consider the amount and lending time. When buying a house, it's best to consult the provident fund center in advance to understand the latest policies and amount, and tell the seller in advance whether we can wait for provident fund lending, which is better for both buyers and sellers.