How to calculate the amount of provident fund loans

1. The amount of provident fund loans

Generally, if one person applies for housing provident fund loans, the maximum loan amount is 5, yuan, and if two or more people buy the same house and apply for housing provident fund loans, the maximum loan amount is 8, yuan. Check with the local public fund management center.

2. Calculation of provident fund loan

According to the balance of provident fund account, the loanable amount of housing provident fund = the balance of the account deposited by the borrower and its * * * borrowers on the loan application date ×N times.

provident fund loan conditions

1. The borrower and his spouse have valid identity certificates;

2. The specified down payment has been paid, with down payment+loan amount = total house price, and the house payment has not been paid;

3. The borrower has continuously and normally paid the housing provident fund for more than 12 months (inclusive), and the recent unpaid amount is no more than 4 months;

4. The family has stable income, good credit and the ability to repay the loan principal and interest;

5. Agree to provide the loan guarantee method approved by the Housing Provident Fund Management Center;

6. The borrower and spouse have no outstanding housing provident fund loans or large debts.

How to borrow the provident fund

1. Apply

Employees bring information to apply to the provident fund management center or the loan bank;

2. After the approval of the provident fund management center

, relevant contracts will be signed and mortgage registration will be handled;

3. Bank transfer

The bank transfers the funds to the designated account according to the contract;

4. Establish a repayment account

The borrower opens a repayment account and repays on time;

5. Settlement of loan cancellation

After the loan is settled, the borrower receives the loan settlement certificate and registers the cancellation of mortgage.