2022 housing loan calculator wuhan provident fund loan calculation

Wuhan Housing Provident Fund Loan Amount Two Minutes Teach You to Learn to Calculate

Often users come to ask the editor, what is the Wuhan Housing Provident Fund Loan Amount? So, now the Wuhan housing fund loan amount is how much, about the Wuhan housing fund policy and what? For this small make up to summarize:

Wuhan housing provident fund loan amount

A, Wuhan provident fund loan ceiling of up to 600,000 yuan.

1) The maximum amount of the first suite provident fund loan is still 600,000 yuan. Loanable ratios are as follows:

(1) the purchase of the first suite of owner-occupied housing is a first-hand housing (including commercial housing, capital housing, affordable housing) housing provident fund loan maximum ratio of: floor area in 90 square meters (including) the following, the maximum ratio shall not exceed the total price of the purchased housing 80%; floor area of more than 90 square meters, the maximum ratio shall not exceed 70% of the total price of the purchased housing.

(2) the purchase of the first owner-occupied housing is a second-hand housing accumulation fund loan maximum ratio of: the purchase of housing completed within 10 years (including 10 years), the floor area of 90 square meters (including) the following, the maximum proportion of the loan shall not exceed 80% of the total cost of the house; floor area of more than 90 square meters, the maximum proportion of the loan shall not exceed the total cost of the house of 70%; purchased housing Built in 11-20 years (including 20 years), the maximum percentage of the loan shall not exceed 60% of the total price of the house; purchased houses built in 21-30 years (including 30 years), the maximum percentage of the loan shall not exceed 50% of the total price of the house.

(3) The maximum ratio of housing accumulation fund loans for the purchase of a second home (including first-hand and second-hand homes) shall not exceed 40% of the total price of the home, in accordance with the relevant provisions of the Notice on Issues Relating to Further Improvement of the Regulation of the Real Estate Market by the General Office of the State Council (Document No. 1 of Guo Ban Fa [2011]).

2)The maximum amount of the second suite of provident fund loans, "600,000 yuan less the first time the difference between the amount of housing provident fund loans have been used."

For example, Mr. Zhang used to buy his first suite with a CPF loan of $200,000, and is now eligible for a second suite loan, but his maximum loan for a second suite will be $600,000 minus the $200,000 that he used, which can only be $400,000.

This is the first time that Mr. Zhang has used a CPF loan to buy his first suite.

Two, provident fund personal loan amount formula

Lender loan amount shall not be higher than the loan amount determined in accordance with the ability to repay. According to the regulations, each lender according to the different amount of contribution to the provident fund, the amount that can be loaned is also different, need to be based on the amount of contribution, the proportion and the number of years of loans and other specific calculations of the results. There are two ways to calculate: (the following two calculations take the minimum loanable amount that is the individual loanable amount)

1) Calculate according to the actual repayment ability. The loan amount does not exceed the borrower's repayment ability, the formula is: loan amount = (the borrower's monthly provident fund contributions / unit and individual contribution ratio and the spouse's monthly provident fund contributions / unit and individual contribution ratio and) × 45% × 12 months × loan period.

Loan tenure: no more than 30 years for first-hand properties and 20 years for second-hand properties.

2)Calculation according to the status of housing fund contribution. The loan amount is determined according to a combination of the borrower's CPF contribution time and balance, calculated as follows: Loan amount = (borrower's CPF balance spouse CPF balance) x 20 times x the borrower's CPF contribution time coefficient; the CPF contribution account must be a normal contribution account.

Public Provident Fund Calculator:

Wuhan Provident Fund Loan Policy

Wuhan Provident Fund Loan New Policy Interpretation:

Wuhan Provident Fund Loan Amount Increased Payment Time Reduced to 6 Months

Wuhan Provident Fund Loan Conditions Relaxed

1. Parents who do not contribute to the public provident fund but have difficulty in housing, the purchase of affordable housing their children Normal payment of provident fund, you can apply for a provident fund loan in the name of their children; parents and children of the joint purchase of affordable housing can also apply for a provident fund loan. But must meet two conditions at the same time: First, it must be the same household living in the immediate family (subject to the account book); Second, the property owner or *** have property rights must be issued to agree to use the house as collateral for the notarized statement and notarized.

2. Provident fund contribution time from 12 months (including 12 months) adjusted to 6 months (including 6 months), and apply for a loan in the normal deposit status, and more than 6 months without withdrawing the housing fund employees can apply for provident fund loans.

3. If a single employee's monthly CPF contribution reaches $800 (including unit subsidies) or more, the maximum CPF loan can be applied for at 70% of the total housing price (80% for a house of less than 90m2).

4. Borrowers who are allowed to take out a combination loan can voluntarily choose to repay the commercial loan or the provident fund loan first when handling the withdrawal of the provident fund to repay the loan in case of normal repayment of the provident fund loan.

Second-hand housing loan ratio in three classes

Second-hand housing loans are limited to houses built after 1980, the maximum percentage of loans according to the year of completion of the house is divided into three classes: 1980-1989 built houses, the maximum percentage of loans does not exceed the appraisal price of 50%; 1990-1999 built houses do not exceed the appraisal price of 60%; 2000 (including) The maximum loan ratio for houses built after 2000 (inclusive) does not exceed 70% of the appraised value (50% for single-party employees with monthly CPF contributions of less than $800). When the appraisal price of a second-hand house is not the same as the transaction price, the lower value will prevail.

Commercial loans to provident fund loans more convenient

1. Transfer borrowers should complete the "housing title certificate" and "state-owned land use right certificate" before applying for commercial loans to provident fund loans; has been carried out in the period of housing mortgage is no longer for the transfer of loans.

2. If the original commercial loan has been insured against the property of the mortgaged house, the transferor will voluntarily choose whether or not to change the property insurance of the mortgaged house.

3. Adequate adjustments will be made to the acceptance criteria for bad credit records arising from non-malicious loan defaults by borrowers, with the adjusted cumulative number of late payments not exceeding three (including three) or the maximum number of late payments not exceeding two (including two).

4. Those who have withdrawn their provident fund from the same house can apply for a commercial loan to a provident fund loan after they have made continuous and normal contributions to the provident fund for 3 years from the date of withdrawal.

The above is a summary of the Wuhan housing fund loan amount and loan policy. I hope you can be helpful to you.

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Wuhan housing fund loan amount how to calculate

In Wuhan many friends want to buy a house, but taking into account a variety of reasons a lot of friends will choose to buy a house of provident fund loans, not only is the full and reasonable use of provident fund but also can be a certain extent for the buyer to save costs. The first thing you need to do is to get a good deal of money to buy a house, and then you have to pay a lot of money to buy a house.

The formula for calculating the amount of housing provident fund loans in Wuhan:

(1) The borrower's loan amount is not higher than the loan amount determined in accordance with the loan repayment ability

Loan amount = (the borrower's monthly provident fund contribution/unit and individual contribution ratio and the spouse's monthly provident fund contribution/unit and individual contribution ratio and) x 45% x 12 months x Loan period

(2) The loan amount borrowed by the borrower is not higher than the loan amount determined in accordance with the combination of the CPF contribution time and the balance of contribution

Loan amount = (balance of the borrower's CPF contribution balance of the spouse's CPF contribution balance) x 20 times x the factor of the time of contribution

Borrowers need to pay special attention to the fact that the borrower's CPF contribution account must be a normal contribution account, i.e. six months or more of continuous normal CPF contributions. If the borrower is a new housing fund employee, then the time to apply for a housing fund loan needs to be 180 days, and need to make monthly contributions for six consecutive months or more, and the provident fund contribution account must be a normal contribution account.

Wuhan provident fund contribution time factor

Reminds that although applying for a housing provident fund loan can save you some costs, but it is also very important to choose the right loan period.

Wuhan Provident Fund Loan Amount Calculation

Wuhan Housing Provident Fund Loan Amount Calculation Formula:

Actual Repayment Ability.

The loan amount does not exceed the borrower's repayment ability.

The formula is: Loan amount = (borrower's monthly CPF contribution/the sum of unit and individual contribution ratio and spouse's monthly CPF contribution/the sum of unit and individual contribution ratio) x 35% x 12 months x loan period.

Housing Provident Fund Loan refers to the housing mortgage loan issued by the local housing provident fund management centers using the housing provident fund paid by the employee with his/her unit and entrusting the commercial banks to issue housing mortgage loans to the active employees who have contributed to the housing provident fund and the retired employees who have contributed to the housing provident fund during their employment. Housing provident fund refers to the long-term housing reserves paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions and their active employees. The housing provident fund deposited by employees and the housing provident fund deposited by the employees' organizations for the employees are the personal reserves saved by the employees in accordance with the regulations and used exclusively for housing consumption expenses, and belong to the employees personally. The balance of principal and interest will be paid in one lump sum when the employee retires, and will be returned to the employee.

Categories:

The categories of housing provident fund loans are: new home loans, second-hand home loans, self-built home loans, home renovation loans, and commercial housing loans to provident fund loans.

(Note: Not all CPF centers offer the above categories of loans, please check with your local CPF authority first)

Features:

Relative to commercial housing loans, CPF loans have the advantages of lower interest rates, flexible repayment options, and low down payment ratios, with the disadvantages of cumbersome formalities and a long approval time.

The main advantages:

One, the interest rate of the CPF loan is favorable

The CPF loan can save tens of thousands of dollars in interest compared to a commercial loan for the same amount of loan and the number of years of repayment. For example, a $400,000 home with a $280,000 loan. If the commercial loan is for 25 years, the average monthly repayment will be $1,721, and the total payment for 25 years will be $516,300, with a total interest payment of up to $236,300. And the same is the limit of 25 years of provident fund loans, the average monthly repayment of 1548 yuan, 25 years of total repayment of 464,400 yuan, pay a total of 184,400 yuan of interest, compared to commercial loans, can pay less monthly payment of 173 yuan per month, 25 years **** save interest expenses of nearly 51900 yuan.

The same loan amount, the same repayment amount, provident fund loans and commercial loans than, not only the repayment time is short, repayment interest is much less. Similarly, 280,000 yuan loan, if the same amount of repayment of $ 1,721 / month, commercial loan repayment of 300 months, over a period of 25 years, the total payment amounted to $ 516,300, the payment of interest of $ 236,300. And the CPF loan in the repayment to the 251st month, that is, in the 21st year, all the principal and interest has been paid off, the total payment of $ 430,715, the payment of interest is only $150,715, than the commercial loan to save interest expenses $ 85,585.

Two, provident fund loan repayment is more convenient and flexible

Purchase of housing with provident fund mortgage loan, the bank's repayment method will be more flexible than the commercial loan to buy housing, the borrower can determine their own monthly repayment, but the premise is that the amount of repayment each month is not less than the minimum repayment amount specified by the bank, so that the borrower can be based on their own financial strength This way, the borrower can make a reasonable and feasible repayment plan according to his/her financial strength, and it is convenient for the borrower to arrange his/her monthly financial expenses. For early repayment of CPF mortgage loans, borrowers can repay part or all of the loan principal and interest in advance, and do not need to pay any liquidated damages.

But if the borrower chooses to take out a commercial loan, the bank loan repayment options are not as flexible. For commercial loans, there will be only two ways to repay the loan early, one is to pay it off early in one lump sum, and the other is to repay it early in multiples of ten thousand.

Three, the CPF loan on the property purchased less restrictive

Major commercial banks for the second-hand housing loan restrictions are more, for the age of the house is too high, the property location is not good, the property of the second-hand real estate in the poor ability to apply for housing loans in the bank is very difficult. But for the provident fund loan to buy a house, the bank on the age of the second-hand house is relatively less restrictive, the age of the second-hand house and housing loans do not add up to more than 50 years can apply for a provident fund mortgage loan.

Wuhan provident fund loan amount how to calculate

Legal analysis: the amount of provident fund loans to the following standard minimum amount shall prevail:

1, not higher than the loan limit determined by the borrower's ability to repay the loan. The formula is: the borrower and his spouse (or an unmarried child) and the sum of the monthly contribution base of housing provident fund × 40% × 12 × the number of years of borrowing.

2, the purchase, construction, renovation and overhaul of the first set of ordinary housing, set construction area of 90 square meters (including) below, the loan amount is not higher than 80% of the total price, set construction area of more than 90 square meters, the loan amount is not higher than 70% of the total price; purchase, construction, renovation and overhaul of the second set of ordinary housing, not higher than 40% of the total price. The total price of the purchase and construction of well-decorated houses does not include the cost of interior decoration.

3. If the borrower and his/her spouse (or an unmarried child) are eligible for the loan, the maximum amount is 400,000 yuan each, and can be relaxed to 100,000 yuan if it is less than 100,000 yuan; if only one person is eligible for the loan, the maximum amount is 200,000 yuan each, and can be relaxed to 50,000 yuan if it is less than 50,000 yuan.

4. The housing fund loan amount plus the withdrawal amount shall not exceed 80% of the total purchase price.

5. The cumulative loan amount does not exceed the loan limit calculated in accordance with the current housing provident fund loan policy.

Legal basis: "Housing Provident Fund Management Regulations" Article 2 of the Regulations shall apply to the Chinese people *** and the territory of the housing fund deposit, withdrawal, use, management and supervision. The housing fund referred to in these regulations, refers to the state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations (hereinafter collectively referred to as the unit) and their employees in the long-term housing reserves.

Wuhan Provident Fund Loan Amount Calculation 2022

Legal Analysis:

Actual Personal Loan Calculation Formulas (calculated in the following two ways, take the value of the lower of the actual amount that can be loaned) 1. Not higher than the loan amount determined in accordance with the combined time and balance of the provident fund contributions Loan Amount = ( Borrower's PF contribution balance Spouse's PF contribution balance) x 20 times x time of contribution factor. The CPF contribution account must be a normal contribution account. 2. Not higher than the loan amount determined in accordance with the loan repayment ability Loan amount = (borrower's CPF monthly contribution / the sum of the unit and individual contribution ratio and the spouse's CPF monthly contribution / the sum of the unit and individual contribution ratio) x 45% x 12 months x the loan period.

Legal basis:

Article 26 of the Regulations on the Administration of Housing Provident Fund stipulates that employees who have paid into the housing provident fund may apply for a housing provident fund loan from the housing provident fund management center when they purchase, build, renovate or overhaul their own homes. The Housing Provident Fund Management Center shall, within 15 days from the date of acceptance of the application, make a decision on granting or disallowing the loan and notify the applicant; if the loan is granted, the commissioned bank shall handle the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center. Housing Provident Fund Management Regulations, Article 6 of the housing provident fund deposit, loan interest rates proposed by the People's Bank of China, after consulting the State Council administrative department of construction, reported to the State Council for approval.

How to calculate the loan amount of Wuhan provident fund

Legal analysis: loan amount = (the borrower's monthly provident fund contribution/the sum of the unit and individual contribution ratio and the spouse's monthly provident fund contribution/the sum of the unit and individual contribution ratio) x 35% x 12 months x the loan period. The loan amount is determined according to a combination of the borrower's CPF contribution period and contribution balance (calculated based on the sum of the borrower's and spouse's contribution balances, and housing provident fund retroactive contributions made within the last 6 months will not be included in the calculation of the CPF loan amount). The CPF contribution account must be a normal contribution account.

Requirements for a CPF loan:

1. A valid household registration or residence permit for the location of the loan; 2. The user must have made regular CPF contributions for six consecutive months before applying for a CPF loan; 3. There are formalities and contracts for purchasing, renting or refurbishing a house; 4. The down payment for the house paid by the applicant should be more than 30% or 20% of the total price of the house; 5. The lender and guarantor must be over 18 years of age. The guarantor must be at least 18 years old and have full capacity for civil behavior, have good personal credit, income is relatively stable.

Housing fund, is the state organs 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 organizations and their employees, peer-to-peer contributions to long-term housing savings. Both employees and units of housing fund contribution ratio shall not be less than 5% and shall not be higher than 12%.

Legal basis: "Housing Provident Fund Regulations," Article 24 of the employee has one of the following circumstances, you can withdraw the stored balance in the employee's housing provident fund account:

(a) purchase, construction, renovation, major repair of their own housing;

(b) leave the retirement, retired;

(c) total loss of working capacity, and terminate the labor relationship with the organization

(d) to settle abroad;

(e) to repay the principal and interest of the loan for the purchase of housing;

(f) to pay rent in excess of the prescribed percentage of the family's wage income.

In accordance with the provisions of the preceding paragraph (b), (c), (d), the withdrawal of the employee's housing fund shall be canceled at the same time the employee's housing fund account.

If the employee dies or is declared dead, the heir or legatee of the employee may withdraw the balance of the employee's housing fund account; if there is no heir or legatee, the balance of the employee's housing fund account shall be included in the value-added income of the housing fund.

Wuhan provident fund loan calculation of the introduction of the chat here it.