Calculation of Changchun Provident Fund Loan

Answer the landlord: the personal monthly deposit of housing provident fund described in the calculator actually refers to the monthly deposit of housing provident fund under your name. At present, employees pay provident fund, and individuals and companies pay 1: 1, so it is actually the total amount actually paid by you and the company every month. I hope it helps you.

How to calculate the housing provident fund loan?

Loan calculation

1-5 years housing provident fund personal loan interest rate is 2.75%, and 6-25 years loan interest rate is 3.25%.

The loan interest rate of the second house is 1. 1 times that of the first house.

Now let me introduce the process of applying for provident fund loans.

I. Application conditions

The loan applicant shall meet the following conditions:

Have a legal and valid identity

Have full capacity for civil conduct.

Have a stable occupation and income, good credit status, and the ability to repay the principal and interest of the loan.

Purchase, construction, renovation and overhaul of owner-occupied housing

With the purchase, construction, renovation and overhaul of owner-occupied housing contracts or related documents.

Meet the deposit conditions of housing provident fund for the loan specified by the client.

Provide customer-approved guarantee.

Neither husband nor wife of the borrower has outstanding housing provident fund loans or housing provident fund policy discount loans.

Meet other conditions stipulated by the client.

Housing provident fund deposit shall meet one of the following three conditions

Loan applicants who purchase policy-oriented housing should, in principle, establish a housing provident fund account for more than 12 months (inclusive), and pay the housing provident fund in full for 6 months before applying for a loan, and they are in the state of payment when applying for a loan.

Borrowing applicants who purchase non-policy housing should, in principle, pay the housing provident fund in full and continuously for 12 months before applying for a loan, and be in the state of payment when applying for a loan.

The loan applicant is a retired employee who pays the housing provident fund during his working period.

Second, the handling process

Step 1: Preliminary inspection

The loan handling department accepts your application for provident fund loan, reviews the application materials and loan qualifications, and initially determines your loan amount, term and other information.

Step 2: Interview

After you have been approved by the loan handling department, you need to go through the loan signing and related procedures at the time and place notified by telephone.

Third, processing time.

9: 00 a.m. to 5: 00 p.m. Monday to Friday (except legal holidays)

Fourth, the processing time limit

The lending time varies according to the nature of the house, the guarantee method and whether it is a combined loan.

The above information comes from: loan application

Housing provident fund loan calculator

Average capital refers to a repayment method in which the total loan amount is divided into equal parts during the repayment period, and the same amount of principal and interest generated by the remaining loans in the current month are repaid every month. Because the monthly repayment amount is fixed and the interest is getting less and less, the lender is under great pressure to repay at first, but with the passage of time, the monthly repayment amount is getting less and less. [ 1]

Calculation formula of average capital loan:

Monthly repayment amount = (loan principal/repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.

Average capital method

Matching principal and interest refers to a repayment method of housing loans, that is, repaying the same amount of loans (including principal and interest) every month during the repayment period.

The calculation formula of monthly repayment amount is as follows:

[loan principal × monthly interest rate ×( 1 monthly interest rate) repayment months ]=[( 1 monthly interest rate) repayment months]

Free repayment method

Free repayment means that when you apply for a housing provident fund loan, the housing provident fund management center will give you a minimum repayment amount according to the loan amount and term. In the future, on the premise that the monthly repayment amount is not lower than this minimum repayment amount, you can freely arrange the repayment method of the monthly repayment amount according to your own economic situation.

The benchmark interest rate is generally implemented for the first-home provident fund loan, and the benchmark interest rate for the second-home provident fund loan rises by 10%. The following is the latest benchmark interest rate for provident fund loans (implemented after 20 15-3- 1):

Annual interest rate for 5 years or less: 3.5%

Annual interest rate of loans with a term of more than 5 years: 4.0%

On-line calculation of provident fund loan calculator

The loan amount of housing provident fund can only be determined by comprehensive calculation.

The calculation of provident fund loan amount should be determined according to four conditions: repayment ability, proportion of house price, balance of housing provident fund account and maximum loan amount, and the minimum value calculated by the four conditions is the maximum loanable amount of the borrower.

The calculation method is as follows:

According to the repayment ability calculation formula, {(total monthly salary of the borrower, monthly payment of the housing provident fund of the borrower's unit) × repayment ability coefficient-total monthly repayment amount of the borrower's existing loan }× loan period (month), {(total monthly salary of both husband and wife, monthly payment of the housing provident fund of both husband and wife's work units )× repayment ability coefficient-total monthly repayment amount of both husband and wife's existing loan }× loan period (month). Among them, the repayment ability coefficient is 40%, and the total monthly salary = the monthly contribution of the provident fund ÷ (the ratio of unit contribution to individual contribution);

According to the calculation formula of house price, loan amount = house price × loan ratio, in which the loan ratio is determined according to the different types of houses purchased, built and repaired and the number of mortgage loans;

According to the account balance, if an employee applies for a housing provident fund loan, the loan amount shall not be higher than 10 times of the housing provident fund account balance when the employee applies for a loan (if the spouse housing provident fund is used to apply for a housing provident fund loan at the same time, it is the sum of the employee's and spouse's housing provident fund account balances), and if the housing provident fund account balance is less than 20,000, it shall be calculated as 20,000;

According to the maximum amount, the maximum loan amount for applying for housing provident fund loans with my own housing provident fund is 400,000 yuan, the maximum loan amount for applying for housing provident fund loans with my spouse's housing provident fund is 600,000 yuan, the maximum loan amount for applying for housing provident fund loans with my spouse's housing provident fund is 500,000 yuan, and the maximum loan amount for applying for housing provident fund loans with my spouse's housing provident fund is 700,000 yuan.

Provident fund loan amount calculator

Provident fund loan calculator is a tool to calculate the monthly repayment amount after using provident fund loans. One-time repayment of principal and interest shall be paid off together with the principal. Matching principal and interest repayment requires fixed monthly repayment. Matching principal and interest repayment is equivalent to matching principal and interest repayment. Average capital repayment method is to amortize the principal every month and pay off the interest from the previous trading day to the repayment date.

Legal basis: Article 32 of the General Principles of Loans.

The borrower shall repay the loan principal and interest in full and on time in accordance with the provisions of the loan contract. The lender shall issue a notice of repayment of principal and interest to the borrower before the short-term loan expires 1 week and the medium-and long-term loan expires 1 month; The borrower shall prepare funds in time and repay the principal and interest on schedule. The lender shall promptly issue a notice of overdue loan collection, and do a good job of overdue loan principal and interest collection. Lenders charge interest on loans that cannot be repaid within the time limit stipulated in the loan contract; If the principal and interest cannot be repaid or cannot be executed, it should be urged to repay or repay according to law. The borrower shall negotiate with the lender when repaying the loan in advance.