Xiamen provident fund loan amount calculator latest 2015

How to calculate the latest Xiamen provident fund loan amount

Provident fund loan amount = [(borrower applicant housing provident fund contribution base x 12 x 35% x loan period) borrower applicant housing provident fund account balance] x liquidity adjustment factor.

Based on the "Xiamen City individual housing provident fund loan measures" Article IX stipulates: liquidity adjustment coefficient is based on the housing provident fund to meet the demand for funds to meet the needs of the different circumstances of the ability to use the funds of employees to formulate the adjustment parameters of the provident fund loan amount. The coefficient is 1.2 when there is excess liquidity (loan utilization rate is lower than 60%);

The coefficient is 1 when there is normal liquidity (loan utilization rate is higher than 60% and lower than 85%); the coefficient is 0.8 when there is insufficient liquidity (loan utilization rate is higher than 85% and lower than 90%); and the coefficient is 0.6 when there is tense liquidity (loan utilization rate is higher than 90%).

Management centers shall publicize the loan utilization rate to the society on a monthly basis.

When the liquidity situation of housing provident fund funds changes and the loan utilization rate remains in the same range for three consecutive months, the management center shall promptly announce to the society and implement the corresponding liquidity adjustment coefficient from the month following the date of announcement. The liquidity adjustment factor applied to the formula for calculating the amount of provident fund loans shall be based on the time of filing the contract registration submitted to the housing registration agency or the time of acceptance of the transfer registration registered with the housing registration agency.

Expanded Information:

Related Requirements for Provident Fund Loans Provide:

1, the borrower applicant provident fund loan monthly repayment amount and his and her spouse's personal credit report reflected in the sum of the existing monthly repayment amount of each loan, the borrower applicant's family monthly income of the sum of the proportion should be controlled within 50%.

2. The term of the provident fund loan can be controlled within 5 years of the borrower applicant's legal retirement age, but the maximum length is not more than 30 years; the maximum length of the loan period for overhauling the owner-occupied housing is not more than 10 years. Two (including) or more borrower applicants according to which the loan period is determined by the longest.

3, the provident fund loan is not enough to pay the total price of housing, the borrower applicant can apply to the commissioned bank supporting commercial personal housing loans. The amount of matching commercial personal housing loans is determined by the entrusted bank, and the loan period, guarantee and repayment method should be consistent with the provident fund loan.