CPF calculator how to calculate CPF loan amount

A, provident fund calculator provident fund loan amount how to calculate

Housing provident fund loan amount calculation, according to the ability to repay the loan, the house price into the number of housing, housing provident fund account balances and the loan maximum limit of the four conditions to determine the four conditions calculated according to the four conditions of the smallest value is the borrower's maximum amount of loanable. The calculation method is as follows:

① Loan amount calculated according to the repayment ability

The formula for calculating the loan amount for the employee himself is:

(the borrower's total monthly salary the borrower's unit monthly contribution to the housing provident fund) x the repayment ability coefficient - the total amount of monthly repayment for the borrower's existing loan] x the period of the loan (months).

The formula for calculating the loan amount for both husband and wife is:

(the total monthly salary of both husband and wife and the monthly contribution to the housing fund of the unit in which both husband and wife are located) x the coefficient of repayment capacity - the total amount of monthly repayment of the existing loan of both husband and wife] x the loan period (months).

The coefficient of repayment ability is 40%.

Total monthly salary = monthly provident fund contributions ÷ (unit contribution ratio individual contribution ratio).

② loan amount calculated according to the price of the house

Calculated by the formula: loan amount = house price × loan ratio

a. Purchase of commercial housing, commodity housing at a limited price, directional resettlement of affordable housing, directional sales of affordable housing or private housing.

An employee's family (including the employee, spouse and minor children, the same hereinafter) shall be granted a loan for the purchase of the first home (including commercial housing, price-restricted commercial housing, targeted resettlement affordable housing, targeted sales affordable housing or private housing), with the amount of the loan not exceeding 80% of the price of the home purchased. The price of private housing is the lower of the full price of the purchase and the appraisal price of the house.

Employee family loans for the purchase of the second and other conditions of the city's own housing purchase, the loan amount does not exceed 70% of the price of the purchased housing.

Purchase of directed resettlement affordable housing, the loan amount should also be no more than the difference between the full price of the purchased housing and the housing compensation.

b. For the purchase of public existing housing, the loan amount shall not be more than 70% of the price of the purchased housing; for the construction, renovation and overhauling of one's own housing on rural collective land, the loan amount shall not be more than 70% of the cost thereof.

③ Loan amount calculated according to the account balance of the housing provident fund

a. For the purchase of price-restricted commercial housing or affordable housing, the loan amount shall not be higher than 20 times the balance of the housing provident fund account when the employee applies for a loan from the housing provident fund (if the spouse's housing provident fund is also used to apply for a loan from the housing provident fund, it shall be the sum of the balance of the housing provident fund accounts of both the employee and his/her spouse, the same hereinafter), and the housing provident fund account balance of less than 20,000 yuan is calculated according to 20,000 yuan.

b. Loans for the purchase of the first set of own housing, the loan amount shall not be higher than 20 times the balance of the housing fund account when the employee applies for a CPF loan, and the balance of the housing fund account is less than 20,000 yuan calculated according to 20,000 yuan.

c. The loan amount in the following cases shall not be higher than 10 times the balance of the housing provident fund account when the employee applies for the loan, and the balance of the housing provident fund account is less than 20,000 yuan shall be calculated according to 20,000 yuan: loan for the purchase of the second housing; purchase of public-owned existing housing; and construction, refurbishment, and overhaul of the own housing on the collective land in the rural areas.

④ Loan amount calculated according to the loan ceiling

If you apply for a housing fund loan using your own housing fund, the loan ceiling is 600,000 yuan; if you apply for a housing fund loan using your spouse's housing fund at the same time, the loan ceiling is 800,000 yuan.

If the employee or his/her spouse normally contributes to the monthly housing subsidy at the time of applying for the loan, refer to the provisions of normal contribution to the supplementary housing fund.

The calculated value of the loan amount is retained to the nearest thousand, and the thousand digits below the nearest thousand that are not zero are added to one.

2. How does the CPF loan calculator work?

The CPF Loan Calculator can be calculated by downloading the Baidu Mobile APP, searching for the keyword "CPF Loan Calculator" in the APP, and finally entering the relevant information to query. The specific steps are as follows:

1, first of all, click on the phone in the Baidu APP.

2, and then open to find the search bar.

3, then search for the keyword "provident fund loan calculator", click on the Ping An Technology app, enter.

4, finally enter the calculator interface, enter the relevant content can be calculated query.

Note:

1. Both Apple and Android phones can use this function to inquire.

2. The last step can be calculated through the two methods of equal principal and interest or equal principal.

Three, how to use the CPF loan amount calculator CPF loan amount how to calculate

CPF loan is a more popular loan mode, because CPF loan interest rate is lower than the commercial loan, so most of the cases loan to buy a house, before applying, we can use the CPF loan amount calculator Check and calculate your own amount calculator how to use? How to calculate the amount of provident fund loan?

Provident fund loan amount calculation

To determine the type of loan. Three types of loans are offered: commercial loan, provident fund loan and combination loan, just choose one of the loan types. To choose the loan interest rate. Usually the current prime rate. To choose different loan interest rates, such as real-time home loan interest rate calculator, this type of loan calculator is generally based on the bank's website loan calculator, slightly changed or not, the disadvantages are similar to the above article. This type of calculator is a fully customized parametric calculator, the results of the calculations and the actual exactly the same, to give you a more realistic, more powerful data to support your loan decision.

How to calculate PF loan amount?

1, we all know that provident fund loans are not trying to loan how much amount in the user's monthly fee payment as well as the public, although we all know the factors that determine the amount of provident fund loans, but there is still a very amount of exactly how it is calculated.

2, the calculation of the amount of provident fund to buy the value of the house for the calculation of the amount of money, but also according to the provident fund loan calculations, different calculations of the final loan amount is also different.

3, the value of the house calculation method: loan amount = house generally speaking the area of the house reaches more than 90 square feet, the loan amount does not exceed the area of less than 90 square feet, the loan amount does not exceed the value of the house 80%.

4, the maximum amount of loan calculation method: if the user uses the provident fund for loans, then the general maximum loan amount of 500,000 yuan, then at the same time the use of provident fund for loans, then the maximum amount of provident fund for loans up to 700,000 yuan.

The article that is the editorial to the MPF loan amount calculator how to use as well as the CPF loan amount how to hope to help you. Amount calculator, we can all follow the instructions to operate, enter the relevant information, and finally come up with their own

Four, 2021 provident fund loan formula?

Monthly payment = total loan amount 3.75% ÷ number of years of loan ÷ 12