How much can you borrow from provident fund loans in Shenzhen? How does it work?

1. The monthly loan repayment amount (principal and interest calculated according to the equal principal and interest repayment method) shall not exceed 50% of the applicant’s housing provident fund payment base. If there is an applicant with the same name as *** and the same applicant with *** pays the housing provident fund in this city, the housing provident fund payment base shall be the sum of the payment bases of the applicant and the same applicant with ***.

2. No more than the difference between the total purchase price and the down payment. The down payment ratio shall not be lower than the down payment ratio requirements stipulated by the state. If the house purchased is an existing commercial house (second-hand house), the applicant should entrust a real estate appraisal agency recognized by the Provident Fund Center to conduct a value evaluation, and the lower of the contract price and the appraised price shall be taken as the total purchase price. The cost of the assessment is borne by the applicant.

3. The maximum amount of provident fund loan shall not be higher than that of a single house. If an individual employee applies for a provident fund loan, the maximum amount for a single house is 500,000 yuan. If the applicant and *** apply together, and *** and the applicant pay housing provident funds in this city, the maximum amount of provident fund loan for a single house will be 500,000 yuan. The maximum provident fund loan amount is 900,000 yuan.