Now, five insurances and one fund are basically popular, because the state requires companies and employers to pay five insurances and one fund for employees. One of the five insurances and one fund refers to the housing provident fund. Although it seems useless at ordinary times, it can play a great role when you need a loan to buy a house. So how much can provident fund loans be? What are the application conditions for provident fund loans? The small edition of this article brings you an introduction to provident fund loans for your reference. I hope it can be helpful to you.
&# 8203;&# 8203;&# 8203;&# 8203;&# 8203;&# 8203; How much can provident fund loans be
1. The loan amount calculated according to the repayment ability: [(total monthly salary of the borrower + monthly deposit of housing provident fund of the borrower's unit) & times; repayment ability coefficient - total monthly repayment amount of the borrower's existing loan] & times; Loan term (months). If the spouse quota is used, [(total monthly salary of both husband and wife and monthly payment of housing provident fund of both husband and wife's units) & times; loan repayment ability coefficient - total monthly repayment amount of existing loans of both husband and wife] & times; Loan term (months). Among them, the coefficient of repayment ability is 40%, and the total monthly salary = the monthly contribution of provident fund & pide; (unit deposit ratio + individual deposit ratio);
2. Loan amount calculated according to house price: loan amount = house price & times; Loan percentage.
3. The loan amount calculated according to the balance of the housing provident fund account. If an employee applies for a housing provident fund loan, the loan amount shall not be 10 times higher than the balance of the housing provident fund account when the employee applies for a loan. If the balance of the housing provident fund account is less than 20000, it shall be calculated as 20000;
4. According to the loan limit calculated according to the maximum loan limit, if you use your own housing provident fund to apply for housing provident fund loan, the maximum loan limit is 400000 yuan; If the spouse's housing provident fund is used to apply for housing provident fund loan at the same time, the maximum loan limit is 600000 yuan. If I use my housing accumulation fund to apply for housing accumulation fund loan, and I normally deposit supplementary housing accumulation fund at the time of applying for loan, the maximum loan limit is 500000 yuan; At the same time, if you use your spouse's housing provident fund to apply for housing provident fund loan, and you or your spouse normally deposit supplementary housing provident fund at the time of applying for loan, the maximum loan limit is 700000 yuan.
What are the conditions for provident fund loan application
1. Requirements for applicants
The applicant for provident fund loan is an urban hukou, and his unit shall pay the housing provident fund in full and on time; The applicant should have stable professional income, good credit and the ability to repay the principal and interest of the loan; The applicant shall have a legal contract or agreement to purchase his own house, and shall specify the proportion of self raised funds, agree to apply for home purchase guarantee or collateral property insurance, and agree to other conditions stipulated in the management of housing provident fund.
2. Data requirements
When applying for provident fund loans, buyers need to provide provident fund loan salary certificates. This needs to be issued by the work unit, which is generally in the charge of the personnel department.
3. Fill in the application materials truthfully
The materials filled in by the buyer for applying for provident fund loan must be true and effective, and the salary amount shall be filled in truthfully, and the filled amount shall be subject to the actual salary; It must be stamped with the seal of the competent department of wages or the official seal of the unit, and the subject name of the seal must be consistent with the name of the housing provident fund account of the unit; The original of the salary certificate must be provided, that is, the part stamped by the company must be a red fresh seal, and the copy cannot be used.
The above is an explanation of how much provident fund loans can be borrowed and what the application conditions for provident fund loans are. Generally speaking, the division of provident fund loan quota is based on, and the application for provident fund loans is also conditional. If you still don't know much about provident fund loans after reading this article, you can consult the local provident fund management center, The process is different in different regions.