20 15,101October 24, the interest rate of provident fund loans was adjusted and implemented. The interest rate of provident fund loans for more than five years is 3.25%, the monthly interest rate is 3.25%/ 12, and the interest rate of provident fund loans for less than five years is 2.75% per year, which is consistent throughout the country.
1. What is a provident fund loan?
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans. Provident fund loan refers to individual housing provident fund loan, which is a housing mortgage loan issued by the local housing provident fund management center. With the housing provident fund deposited by employees who apply for provident fund loans, commercial banks are entrusted to issue loans to housing provident fund depositors who purchase, build, renovate or overhaul their own houses and retired employees who have paid housing provident fund during their employment. Workers who have paid the housing provident fund in accordance with the regulations for more than a certain period (the period varies from city to city, such as Changsha exceeding 12 months) may apply for provident fund loans when the funds for house purchase, decoration and overhaul are insufficient.
Second, the loan conditions
Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans, and employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans. Those who participate in the housing provident fund system must also meet the following conditions when applying for housing provident fund loans: they must continuously deposit housing provident fund for at least six months before applying for loans. Because, if the employee's behavior of paying housing provident fund is abnormal and intermittent, it means that his income is unstable and he is prone to risks after issuing loans. If one spouse applies for a housing provident fund loan, neither spouse can obtain a housing provident fund loan until the principal and interest of the loan are paid off. Because the housing provident fund loan is a kind of' housing security' financial support to meet the basic housing needs of workers' families. The longest term of provident fund loans shall not exceed 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.
The materials to be provided for the loan include the second-generation ID card, household registration book, marriage certificate, bank account, sales contract, income certificate, etc. If the property to be traded is in Panyu District, additional bank flow is needed; Foreign household registration must provide tax payment certificate or social security certificate for more than one year; Overdue payment, the need to provide proof of overdue payment, must be audited by the provident fund center.
How to calculate the housing provident fund loan
Legal analysis: 1. The calculation formula of provident fund loan based on repayment ability is: loan amount (total monthly salary of the borrower or husband and wife, monthly deposit of housing provident fund in the unit where the borrower or husband and wife work) × repayment ability coefficient 40%- monthly repayment amount of existing loans of the borrower or husband and wife ]× 12 (month )× loan period.
2. The calculation formula of provident fund loan based on house price is: loan amount, house price × loan ratio. The loan ratio is determined according to different types.
Legal basis: Article 12 of the Regulations on the Management of Housing Provident Fund, the Housing Provident Fund Management Committee shall, in accordance with the relevant provisions of the People's Bank of China, designate commercial banks entrusted with the financial business of housing provident fund (hereinafter referred to as the entrusted banks); The housing provident fund management center shall entrust the entrusted bank to handle financial services such as housing provident fund loans and settlement, as well as the establishment, deposit and return procedures of housing provident fund accounts.
The housing provident fund management center shall sign an entrustment contract with the entrusted bank.
How to calculate the provident fund mortgage
The calculation methods of housing provident fund loans include average capital repayment method, that is, monthly repayment amount = loan principal/repayment months (principal-accumulated amount of repaid principal) × monthly interest rate, equal principal and interest repayment method and free repayment method. The specific way shall be agreed by the parties in the loan contract.
legal ground
Article 26 of the Regulations on the Management of Housing Provident Fund
Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.
Article 27
Applicants who apply for housing provident fund loans shall provide guarantees.
Article 668 of the Civil Code
The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.
Article six hundred and eighty
It is forbidden to lend at high interest rate, and the lending rate shall not violate the relevant provisions of the state.
skill
The above answer is only for the current information combined with my understanding of the law, please refer carefully!
If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.
Provident fund loan amount calculator, calculation formula
As there are differences in policies and requirements of individual housing provident fund loans in housing provident fund management centers around the country, if you need to know the relevant calculation formula of provident fund loans, please consult the provident fund management center or the local business outlets of BOC in detail.
The above contents are for your reference. Please refer to the actual business regulations.
Calculation formula of housing provident fund loan
The calculation of provident fund loan should be determined according to four conditions: repayment ability, proportion of house price, balance of housing provident fund account and maximum loan amount, among which the minimum value calculated by the four conditions is the maximum loanable amount of the lender.
1. The calculation formula of provident fund loan based on repayment ability is:
Loan amount = [(total monthly salary of the borrower or husband and wife, monthly contribution of the housing accumulation fund of the unit where the borrower or husband and wife work) × repayment ability coefficient 40%ㄧ monthly repayment amount of the existing loan of the borrower or husband and wife ]× 12 (month )× loan term.
Among them, the total monthly salary = the monthly contribution of provident fund ÷ (the proportion of unit contribution and individual contribution);
2. The calculation formula of provident fund loan based on house price is:
Loan amount = house price × loan ratio. Among them, the loan proportion is determined according to different types. Generally speaking, if the building area is more than 90 square meters, the loan amount shall not exceed 70% of the purchase price; If the construction area is less than 90 square meters, the loan amount shall not exceed 80% of the purchased loan.
3. According to the maximum loan amount:
I use the housing provident fund to apply for a loan provident fund loan and meet the application conditions. The maximum amount is 500,000 yuan; At the same time, if the spouse's housing provident fund is used to apply for a loan and the loan application conditions are met, the maximum loan amount is 700,000 yuan.
4. The calculation formula of provident fund loan based on the balance of provident fund account is:
Provident fund loan amount = balance of provident fund accounts of borrowers and participants ×20
For example, if a citizen has paid the provident fund for more than 1 year, the current balance of the provident fund account is 10000 yuan. So if he wants to apply for a loan with a repayment period of 30 years, what is the maximum amount he can borrow?
Using the fourth method, it is not difficult to calculate the maximum amount of about 10000×20=200000 yuan. If you know the individual and spouse's monthly provident fund deposit, the planned loan application period and the actual purchase price, you may wish to use the provident fund calculator to calculate the loan amount online, which is really convenient and saves time and effort.
Extended data:
Calculation limit of provident fund loan
1. Calculate the monthly income of yourself and * * * the same applicant: monthly income = monthly contribution of individual housing provident fund ÷ contribution ratio of housing provident fund;
2. Calculate the maximum loanable amount: the maximum loanable amount is the monthly income of your family (referring to the monthly income of both husband and wife, the monthly income of retired employees and their children and other applicants, the same below), the remaining amount after deducting the monthly living expenses of at least 400 yuan, and then dividing it by the monthly repayment amount of each 10,000 yuan loan during the loan application period.
3. The specific loan amount should also consider the maximum loan amount, maximum loanable loan amount, minimum down payment and credit rating of a single loan.