Have you ever wondered how much your equity loan is? The amount of the Provident Fund loan is usually determined on the basis of four main factors: your ability to repay, the proportion of the house price, the balance of the Provident Fund account and the maximum amount of the loan requested。

How do you calculate how much of the best you can get on the Provident Fund loan

If we use the ceiling on loans as a benchmark, the maximum amount that an individual can apply for a Provident Fund loan can be up to $400,000, or up to $500,000 if you have a replenishment. In the case of a couple applying for a loan together, a loan of up to RMB 600,000 may be granted, or up to RMB 700,000 if one of them has a supplementary fund. And if you want to buy second-hand homes with a pool fund, you get 15 times the balance of your pool account; if you buy a new one, it's 20 times。

The following is a detailed analysis of the four main calculations of the Provident Fund loan lines:

1. Calculated on the basis of the account balance: the amount of the loan is calculated on the basis of 10 or 20 times the balance of your Provident Fund account, with the specified number varying according to local policy provisions. For example, if you have 20,000 yuan in your account, you can borrow 400,000 dollars at 20 times。

2. CALCULATED ON THE BASIS OF THE TOTAL PRICE OF THE HOUSE PURCHASED: IN SOME AREAS, YOU CAN CALCULATE THE AMOUNT OF THE LOAN ON THE BASIS OF 701 TP3T OR 801 TP3T OF THE HOUSE PRICE. FOR EXAMPLE, IF YOU SEE A HOUSE WORTH 1 MILLION, YOU CAN BORROW UP TO 800,000 YUAN。

3. Reference to ceilings for loans: The ceilings for Provident Fund loans may vary from place to place, depending on the actual policy requirements。

THE CALCULATION IS BASED ON YOUR ABILITY TO REPAY: IF YOU APPLY FOR A LOAN BY AN INDIVIDUAL, THE FORMULA IS *401 TP3T PER MONTH OF MONTHLY GROSS SALARY* * TOTAL AMOUNT OF LOAN DUE* MONTH OF LOAN DUE* AND, IN THE CASE OF A COUPLE APPLYING FOR A LOAN TOGETHER, THE FORMULA IS * TOTAL AMOUNT OF SALARY OF THE COUPLE* MONTHLY AMOUNT OF HOUSING FUND PAYABLE* * 401 TP3T PER MONTH OF LOAN DUE* PERIOD OF LOAN DUE*。