Capital of provident fund loans
The maximum limit of provident fund loans is 400,000 yuan. If you use your spouse’s provident fund to apply for a provident fund loan, the maximum limit is 600,000 yuan.
The provident fund loan limit has the following three calculation methods:
1. The loan limit calculated based on the loan repayment ability
The calculation formula is:
[(the total monthly salary of the borrower and the monthly deposit amount of the housing provident fund of the borrower’s unit)×loan repayment ability coefficient-the total monthly repayment of the borrower’s existing loan]×loan term (months).
2. According to the spouse’s quota
The calculation formula is:
[(the total monthly salary of both spouses and the monthly housing provident fund payment amount of the unit where both spouses work) × Loan repayment ability coefficient - the total monthly repayment of the couple's existing loans] × loan term (months).
The loan repayment ability coefficient is 40
Total monthly salary = monthly provident fund payment ÷ (unit contribution ratio individual contribution ratio)
3. According to The loan amount calculated based on the house price
The calculation formula is: loan amount = house price × loan ratio
Extended information:
The provident fund loan limit:
The State-run Provident Fund Center pointed out in the notice that for borrowers who purchase policy housing or their first self-occupied housing with a floor area of ??less than 90 square meters (inclusive), the maximum loan amount will be adjusted to 1.2 million yuan. For non-policy housing or second homes with a building area of ??more than 90 square meters, the maximum loan limit is still 800,000 yuan. The loan limit of the state-managed provident fund will no longer increase based on personal credit rating in the future.
Wenzhou's "public to commercial" subsidized loans will implement provident fund quotas and hope to ease them
After Guangzhou, Hangzhou and other places successively reviewed and approved provident fund discount loan plans, the Wenzhou Provident Fund Management Center also recently A policy for converting personal housing provident funds into commercial subsidized loans will be launched. Currently, the policy has been reviewed and approved by the Wenzhou Municipal Housing Provident Fund Management Committee. After discussing with relevant departments to determine the specific details, it will be officially launched at an appropriate time.
Provident fund loans have been criticized for slow disbursement due to often tight quotas. The introduction of this policy is expected to alleviate the shortage of housing provident fund loans and further increase the housing provident fund's support for employees' home purchases.
What is the "public transfer business" discount loan business?
"Public transfer" discount loan means that due to the periodic funding shortage of the housing provident fund management center, the housing provident fund financial business entrusted bank will first issue it to the provident fund loan borrowers in accordance with the individual housing provident fund loan limit approved by the provident fund center. Commercial personal housing loans are replaceable loans, and the provident fund management center will provide interest rate subsidies on a monthly basis. When the provident fund center has sufficient funds, the bank's commercial personal housing loans will be replaced with the transferred provident fund loan business.
Under what circumstances will the subsidized loan business be launched?
The Wenzhou Housing Provident Fund Management Center stipulates that when the personal housing provident fund loan ratio of the Provident Fund Management Center reaches 90 or above on average for 2 consecutive months, discounted loans will be initiated; when the loan ratio is in the range of 85 to 90 When the loan ratio is lower than 85, the public-to-business subsidized loans will be replaced and transferred in batches until all replacements and transfers are completed.
What are the conditions for applying for subsidized loan business?
To apply for a "public transfer business" subsidized loan, you must meet both the personal housing provident fund loan conditions and the commercial loan conditions before you can apply.
What is the amount of subsidized loan?
The loan amount of the "public-to-business" subsidized loan is determined in accordance with the calculation method stipulated in the Municipal Provident Fund Management Center's "Notice on Adjusting the City's Personal Housing Provident Fund Loan Policy" (Wen Provident Fund [2015] No. 83). Currently, the maximum loan limit in the urban area is still 800,000 yuan, and the minimum loan limit is 350,000 yuan.
What are the repayment methods for subsidized loans?
The repayment method of "public transfer business" subsidized loans adopts the "equal monthly principal repayment method" based on the practices of cities such as Hangzhou and Xiamen.
During the period when employees repay the subsidized loans from "public transfer companies", the Provident Fund Management Center will provide interest discounts on a monthly basis for the interest difference caused by the commercial housing loan interest rate being higher than the provident fund loan interest rate. The amount of interest discount is based on the difference between the interest calculated on the provident fund loan amount based on commercial loan interest rates and the interest calculated based on provident fund loan interest rates.
How much housing provident fund loan can be made
Legal analysis: 1. If the employee himself meets the loan application conditions, the maximum loan amount is 500,000 yuan. If both employees and their spouses meet the loan application conditions, the maximum loan limit for each household is 1 million.
2. The specific loan limit is comprehensively determined based on the employee’s housing provident fund payment status and housing provident fund loan limit standards, the condition and price of the purchased house, personal repayment ability and credit status and other factors.
3. If the employee housing provident fund loan limit is insufficient, they can apply for a housing provident fund portfolio loan. The term, guarantee method, and repayment method of the commercial loan in the portfolio loan should be consistent with the provident fund loan.
4. Starting from November 1, 2018, the loan limit of the employee housing provident fund will be calculated based on 15 times the average monthly balance of the employee housing provident fund account when applying for a housing provident fund loan. The calculation result will be an integer in the thousands digit. The calculation result is higher If it is above 500,000 yuan, it will be determined as 500,000 yuan; if it is less than 150,000 yuan, it will be determined as 150,000 yuan. When a loan applicant applies for a provident fund loan, the number of real estate units is calculated based on the family with the largest number of housing units in the name of the applicant and the same applicant. Finally, the family with the largest number of housing units among the loan applicant's family is used to determine the existing housing. Number of sets (family members include husband and wife and minor children).
Legal basis: "Detailed Implementation Rules for the Management of Provident Fund Loans for Individual Housing"
Article 3 Borrowers refer to employees who meet the provident fund loan conditions stipulated in the "Measures". There must be no more than two borrowers for the same provident fund loan. If there are two borrowers, the relationship between the borrowers should be spouses or direct relatives within two generations. If the borrower and the home buyer are not the same person, they should be spouses or direct relatives within two generations.
When a borrower applies for a portfolio loan, the borrower of the provident fund loan and the borrower of the commercial loan may not be the same person, but they must be spouses or direct relatives within two generations.
The houses referred to in Article 5 are respectively referred to as: (1) commercial houses, 2) existing houses, 3) housing reform houses, 4) houses without house ownership, and 5) self-built houses.
Commercial housing refers to houses developed, constructed and sold by real estate development companies. Stock housing refers to houses that have been purchased and obtained ownership certificates. Housing reform housing refers to public housing, which refers to existing public housing purchased by urban employees at a standard price or at a standard price in accordance with the urban housing system reform policies of the state and local people's governments at or above the county level. If purchased at a standard price, the ownership of the house belongs to the individual employee at the standard price. If purchased, the employee will have partial ownership of the house, which will generally be owned by the employee personally after 5 years. Houses without house ownership refer to houses located on military or collective land for which state-owned property certificates cannot be obtained. Self-built houses refer to houses built with personal investment.
2022 Wenzhou Provident Fund loan quota
The loan quota of Wenzhou Provident Fund in each region is as follows: Yueqing and Ruian in the fourth district: 200,000-500,000 for a single employee, 250,000-700,000 for two employees; Taishun and Cangnan , Pingyang: single employee 150,000-300,000, dual-employee 200,000-500,000; Wencheng and Yongjia: single employee 150,000-400,000, dual-employee 200,000-600,000.
Provident fund loans refer to loans enjoyed by employees who have paid housing provident funds. According to national regulations, all employees who have paid housing provident funds can apply for personal housing provident fund loans in accordance with the relevant provisions of provident fund loans.
In 2012, some cities relaxed the conditions for provident fund loans. Among them, in 9 counties in Linyi City, Shandong Province, starting from June 1, 2012, the upper limit of housing provident fund loans will be increased from 200,000 yuan to 300,000 yuan.
In October 2014, the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, and the People’s Bank of China issued a document, including relaxing the conditions for provident fund loans, promoting off-site loans, reducing intermediary fees, canceling housing provident fund personal housing loan insurance, notarization, Charges such as new home appraisals and mandatory institutional guarantees will reduce the burden on loan employees. Among them, employees who have paid for 6 consecutive months can apply for provident fund loans (currently 12 months).
On August 15, 2017, the Ministry of Housing and Urban-Rural Development and others jointly issued a notice stating that starting from September 1, 2015, the down payment of 20% of the down payment for the purchase of a second house with provident fund loans will be cancelled.
Loan process:
1. Borrow applicant consultation
The loan applicant should go to the loan handling department or call the loan handling department for housing provident fund loan consultation. Prepare housing provident fund loan related materials.
2. Preliminary review and evaluation
The borrower applicant shall go to the loan handling department to handle the preliminary review and related evaluation:
1. The borrower applicant holds a housing provident fund loan application Submit the required materials to the loan handling department for preliminary review of provident fund loans.
2. If a personal credit assessment of the borrower is required according to regulations, the borrower must sign the "Authorization Letter" for credit assessment under the supervision of the staff of the loan handling department.
3. The staff of the loan handling department prints relevant documents and informs the loan applicant how to handle the next step.
4. If it is necessary to evaluate the house purchased by the loan applicant according to regulations, the staff of the loan handling department will also issue a "Collateral Assessment Notice" to the borrower. The borrower or the entrusted agent shall Go to the evaluation agency designated by the Beijing Housing Provident Fund Management Center to apply for collateral evaluation.
3. The loan applicant is waiting for the phone notification
1. The staff of the loan handling department will conduct a review based on the materials required for the loan provided by the borrower and the evaluation results of the relevant institutions. If it is necessary to communicate with the loan applicant by phone, the staff will verify and confirm the loan applicant by phone through the contact information provided by the loan applicant.
2. If the loan applicant chooses the guarantee method as guaranteed by the guarantee center, after the guarantee review is passed, the guarantee center staff will notify the borrower of the time for signing the loan-related contract and the documents that need to be brought. Information and the required guarantee service fee; if the guarantee method selected by the borrower is non-guarantee center guarantee, after completing the relevant procedures according to different guarantee methods, the staff of the loan handling department will notify the borrower to handle the loan-related contract The time and required materials for the signature procedure.
Wenzhou Provident Fund Loan Quota 2022
Legal Analysis: Wenzhou Provident Fund Loan Quota is determined based on the region.
1. In the three districts (Ouhai, Longwan and Lucheng), Yueqing, Ruian and Dongtou have a single employee of 200,000-500,000 and a dual-employee of 250,000-700,000;
2. Taishun, Cangnan and Pingyang: 150,000-300,000 for single workers, 200,000-500,000 for dual workers;
3. Wencheng and Yongjia: 150,000-400,000 for single workers, 200,000-600,000 for dual workers.
The housing provident fund refers to state agencies and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social groups and their employees Employees, long-term housing savings with equal contributions.
The definition of housing provident fund includes the following five aspects:
1. Housing provident fund is only established in cities and towns, and no housing provident fund system is established in rural areas.
2. The housing provident fund system is established only for employees on the job. The housing provident fund system is not applicable to unemployed urban residents and retired employees.
3. The housing provident fund consists of two parts, one part is paid by the employee's unit, and the other part is paid by the employee personally. After the employee's personal contribution is withheld by the unit, it is deposited into the housing provident fund's personal account together with the unit's contribution.
4. The long-term nature of housing provident fund deposits.
Once the housing provident fund system is established, employees must make uninterrupted contributions in accordance with the regulations while on the job. Except for the employee's retirement or other circumstances stipulated in the "Housing Provident Fund Management Regulations", it shall not be suspended or interrupted. It reflects the stability, uniformity, standardization and mandatory nature of the housing provident fund.
5. The housing provident fund is a personal housing savings deposited by employees in accordance with regulations and used exclusively for housing consumption expenditures.
The housing provident fund has two characteristics:
1. Accumulation, that is, the housing provident fund is not an integral part of the employee's salary and is not paid in cash. It must be deposited in a special account opened by the housing provident fund management center in an entrusted bank for special account management.
2. Special purpose. The housing provident fund is earmarked for special purposes. During the storage period, it can only be used to purchase, build or overhaul self-occupied housing or pay rent according to regulations. An employee can withdraw the housing in his or her account only when he or she resigns, retires, dies, completely loses the ability to work, terminates the labor relationship with the employer, or moves out of the original city of residence.
Legal basis: Article 24 of the "Housing Provident Fund Management Regulations" If an employee has any of the following circumstances, he or she may withdraw the balance in the employee's housing provident fund account:
(1) Those who purchase, build, renovate or overhaul their own homes;
(2) Retirement or retirement;
(3) Completely lose the ability to work and terminate the labor relationship with the unit;
(4) Leaving the country to settle down;
(5) Repaying the principal and interest of the house purchase loan;
(6) The rent exceeding the prescribed proportion of family wage income.
In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, if the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time.
If an employee dies or is declared dead, the employee’s heirs and legatees can withdraw the balance in the employee’s housing provident fund account; if there is no heir or legatee, the balance in the employee’s housing provident fund account can be withdrawn. Included in the value-added income of the housing provident fund.