The Provident Fund is a benefit that many people handle, and the Provident Fund loan is one of the low-interest-rate loans sought. So, how much money is there to borrow? The answer is not immutable, depending on the extent of bank and personal capitalization。

How much for a quarter of a million

First, under the terms of most bank-to-publicity loans, bank lending is subject to a standard of 1.2 to 1.5 times the monthly contribution of the borrower, so that even the higher the individual's contribution, the amount of the bank's lending will not exceed the prescribed amount. In Guangzhou City, for example, the amount of the monthly Provident Fund is between $2218.79 and $3698.97, and the amount of the loanable amount is $500,000, assuming that the amount of the loan is only $250,000, the amount of the monthly Provident Fund is at least between $1109.39 and $1849.48。

Second, the bank will conduct a comprehensive assessment of the borrower ' s income and credit records to determine the availability and amount of the loan. Thus, if an individual ' s income is stable and has a good credit record, even if the amount of the Provident Fund is not high, the bank may approve the loan and the amount of the loan may exceed the benchmark. Individuals therefore need to do their best to improve their income levels and credit records in order to increase access to credit。

Finally, it is important to note that, in lending, banks need to consider the repayment capacity of borrowers, in addition to taking into account the individual pool and the comprehensive assessment. Therefore, individuals must prepare detailed financial plans before loans are made to ensure that the principal and interest on loans can be repaid on time to avoid unnecessary risks。