1. Provident fund loan interest rate:
According to the regulations of the People's Bank of China, the current effective interest rate is 4.00% for loans with a term of less than five years (inclusive) and 4.50% for loans with a term of more than five years. If the loan term is within 1 year (including 1 year), the principal and interest shall be repaid in one lump sum; If the loan term exceeds 1 year, two repayment methods are adopted: equal principal and interest or equal principal repayment.
Two. Changzhou provident fund loan amount is stipulated as follows:
1. If there is no record of using the housing provident fund to purchase houses and at least one person has continuously paid the housing provident fund for two years or purchased affordable housing before applying for the housing provident fund loan, the loan amount shall be calculated as 20 times of the sum of the balances of eligible applicants.
2. If the loan applicant does not meet the requirements of the 20-fold calculation rule, the loan amount shall be calculated at 6 times the sum of the eligible applicants' provident fund balances. The original calculation rule of "calculating loan amount according to 10 times the used record balance" is no longer implemented.
3. Cancel the guaranteed loan line and relax the original loan line to1.8000 for one person and 360000 for two people. The care policy is no longer implemented.
4. The loan amount shall not exceed a certain proportion of the actual price payable for the purchase, construction and overhaul of owner-occupied housing.
(1) When the borrower applies for a housing provident fund loan, the down payment ratio shall not be less than 20% of the actual purchase price, and the loan amount shall not exceed 80% of the actual purchase price.
(2) When applying for a housing provident fund loan to buy a second-hand house, the lowest value in the stock house sales contract, deed tax payment book and real estate appraisal report shall be taken as the actual payable price.
5. The loan amount shall not exceed the borrower's actual repayment ability.
The monthly repayment amount of the loan generally does not exceed 50% of the total monthly income of the borrower.
6. The borrower shall be the owner of the house with full capacity for civil conduct and the owner of the house * * * and his/her spouse aged 18.
Legal basis:
Notice of the People's Bank of China on Issuing the Measures for the Administration of Individual Housing Loans (revised 1998)
Article 5 A borrower shall meet the following conditions:
1. Have permanent residence or valid residence status in cities and towns;
Two, a stable occupation and income, good credit, the ability to repay the loan principal and interest;
Three, with the purchase of housing contracts or agreements;
Four, do not enjoy the purchase subsidy to not less than 30% of the total price of the purchased house as the down payment; 30% of individuals who enjoy housing subsidies are down payment for housing purchases;
Five, there are assets recognized by the lender as collateral or pledge, or units or individuals with sufficient compensation capacity as guarantors;
6. Other conditions stipulated by the lender.