For many newly graduated college students, the easiest way to buy a house is to buy a house with provident fund loan, so how many years can I buy a house with provident fund loan? If you want to buy a house, you must see it. One of Xiaobai's friends has been working in an office in Guangzhou for many years after graduation, and benefited from the good welfare of the unit. He went to the Guangzhou account early, but he has not bought a house.
Although the unit provides housing, it is no better than home. This year, with the help of my parents, I bought a house with a total price of 3 million yuan. I thought I could borrow 2.1 million yuan at the interest rate of 30% down payment and 3.25% provident fund, but later I found that the maximum loan limit of his provident fund is only 600000 yuan, and the remaining 1.5 million yuan can only use 4.9% commercial loan interest rate!
My friend was shocked. How can I only get a loan of 600000 yuan? So I don't have to bear the extra high cost?
Many readers believe that they will encounter similar friends when buying houses. The most fundamental reason is our lack of understanding of the provident fund policy. There are limits on the amount of provident fund loans used in China, which vary from place to place, but generally speaking, the most important thing is to adopt the following standards:
≪ one & gt;
I. in some cities, the price and down payment ratio are determined:
Housing appraisal price down payment
For example: Liu Xiaobai bought a 1 million yuan house in the third tier city XX, with a down payment of 30%, that is, 300000 yuan;
Then the amount of provident fund loan that Liu Xiaobai can get = 1-300000 = 700000; all the housing loans of Liu Xiaobai can use provident fund loan.
2. Some cities are based on personal income level and monthly deposit (such as Beijing):
1. Loan amount of provident fund = (monthly income of family - basic living expenses standard) / monthly repayment amount of every ten thousand yuan of loan applied for
2. Monthly income = monthly deposit of individual housing accumulation fund
3. The standard of basic living expenses is 1323 yuan per month
For example: the monthly income of Zhang Xiaobai's family working in Beijing is 20000 yuan, and the average monthly repayment amount of every 10000 yuan of loan applied for is 56.72, that is, 0.005672.
Then the loan amount of Zhang Xiaobai's provident fund = (20000-1323) / 005672 = 3.2928 million (in fact, it has been exceeded, see the analysis in the second part for details)
III. in some cities, the balance of provident fund account and the age of the borrower
Beijing: the loan limit is not affected by the account balance, but it needs to be deposited continuously for more than 6 months before the loan
Shanghai: when the account balance & lt; 12500 yuan and the monthly payment amount & gt; 780 yuan, the loan limit = the account balance X40
Guangzhou: loan limit = account balance & times; August + monthly deposit & times; months to retirement age
Shenzhen: loan amount = balance of provident fund account & times; 14 times
For example: Wang Xiaobai, who has worked in Guangzhou for 10 years, is 30 years old this year (30 & times from retirement; 12 = 360 months). His monthly deposit is 4000 yuan. There are 200000 yuan in the balance of the provident fund account.
Wang Xiaobai's provident fund loan line = 200000 & times; 8 + 4000 & times; 360 = 3.04 million (in fact, it has been exceeded, see the analysis in the second part for details)
IV. some cities are determined according to the building area:
The first apartment with a building area of Le; 90 square meters, with a maximum loan of 1.2 million yuan
Apartment building area & gt;; 90 square meters of housing with a maximum mortgage of 800000 yuan
≪ two & gt;
When it comes to this, many people are beginning to be happy. Can they freely lend when they meet the above loan conditions?
no
If the amount of provident fund loan exceeds the maximum limit set by the local government, the following limited amount shall prevail:
Go back to the example above:
1. Although Zhang Xiaobai's personal conditions meet the provident fund loan of 3.2928 million yuan, he has exceeded the maximum limit of 1.2 million yuan stipulated by Beijing, that is to say, he can get the provident fund loan of 1.2 million yuan at most.
2. Although the personal conditions of Wang Xiaobai in Guangzhou meet the provident fund loan of 3.04 million yuan, he has exceeded the maximum limit of 600000 yuan stipulated by Guangzhou, that is, he can get the provident fund loan of 600000 yuan at most.