Adjustment of Housing Provident Fund Loan Amount

Ningbo Provident Fund Loan Quota

The maximum provident fund loan limit in Ningbo will be raised to 1 million yuan in 2022, and families with two children and three children can increase it by an additional 20%. The specific regulations are as follows:

According to the newly issued "Notice on Supporting the Demand for Rigid and Improved Housing" issued by Ningbo City, it is clear:

1. Employees must continuously pay housing provident funds for 2 years in accordance with regulations. In 2019, for those who apply for a housing provident fund loan for the first time to purchase a family's first self-occupied house, the maximum loan amount will be increased from 600,000 yuan/household to 1 million yuan/household.

2. For those who apply for a housing provident fund loan for purchasing an improved second self-occupied house or other circumstances, the maximum loan amount will be increased from 400,000 yuan/household to 800,000 yuan/household.

3. According to the national fertility policy, the maximum housing provident fund loan amount for families with two or three children will be increased by an additional 20% on the above basis.

4. The loan limit of the employee's personal housing provident fund will be adjusted from 12 times to 15 times the balance of the account deposited by the borrower and his/her partner on the loan application date.

After the Ningbo provident fund loan limit is adjusted, home buyers who use provident fund loans to buy a house can get a higher loan amount. If the limit is met, there is no need to make up the provident fund loan limit through a combination of loans, and the loan approval is also will be faster. So now there is another advantage to buying a house in Ningbo.

The latest policy on provident fund loan limits 2022

The provident fund loan limit refers to the maximum loan amount that an individual can apply for when using provident fund loans. Only employees who have a local urban permanent residence, have established a housing provident fund system for more than 2 years, and have paid housing provident funds in accordance with regulations, can enjoy provident fund loans if they have insufficient funds to purchase and build a house or renovate or overhaul their own housing.

1. Housing provident fund loan limit

The provident fund loan limit refers to the maximum loan amount that an individual can apply for when using a provident fund loan. Only employees who have a local urban permanent residence, have established a housing provident fund system for more than 2 years, and have paid housing provident funds in accordance with regulations, can enjoy provident fund loans if they have insufficient funds to purchase and build a house or renovate or overhaul their own housing. The calculation of provident fund loan amount is determined based on four conditions: loan repayment ability, housing price ratio, housing provident fund account balance and maximum loan limit. The minimum value calculated from the four conditions is the maximum loan amount that the borrower can borrow. The calculation method of the provident fund loan limit is as follows:

(1) The loan limit calculated according to the loan repayment ability

The calculation formula is:

[(Total monthly salary of the borrower) The monthly payment amount of the housing provident fund of the borrower's unit) × loan repayment ability coefficient - the total monthly repayment of the borrower's existing loan] × loan term (months).

(2) According to the spouse’s quota

[(the total monthly salary of both spouses, the monthly housing provident fund payment amount of the employer where both spouses work) × the loan repayment ability coefficient - the existing loans of both spouses Total monthly repayment payable] × loan term (months).

The loan repayment ability coefficient is 40%

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

(3 ) The loan amount calculated based on the house price

The calculation formula is: loan amount = house price × loan ratio

(4) The loan amount calculated based on the maximum loan limit

If you use your own housing provident fund to apply for a housing provident fund loan, the maximum loan limit is 400,000 yuan; if you use your spouse's housing provident fund to apply for a housing provident fund loan, the maximum loan limit is 600,000 yuan. If you use your own housing provident fund to apply for a housing provident fund loan, and you make normal deposits to supplement the housing provident fund when applying for the loan, the maximum loan limit is 500,000 yuan; if you use your spouse's housing provident fund to apply for a housing provident fund loan, and you or your spouse make normal deposits when applying for the loan To supplement the housing provident fund, the maximum loan limit is 700,000 yuan.

Legal basis: "Notice of Tianjin Housing Provident Fund Management Center on Adjusting Housing Provident Fund Relevant Policies" (Tianjin Provident Fund Committee [2022] No. 3), effective from May 27, 2022, May 2027 It was abolished on the 26th of March.

1. If an employee has paid the housing provident fund in full for three consecutive months and rents affordable rental housing in our city, the employee and his or her spouse can apply to withdraw the housing provident fund. The total monthly withdrawal amount shall not exceed the monthly payment. rent, and the total amount does not exceed 2,400 yuan.

2. If deposit-paying employees in this city apply for a personal housing provident fund loan to purchase their first home, the maximum loan limit is 800,000 yuan.

Can the repayment amount of a provident fund loan be adjusted?

It can be adjusted, but the repayment must be based on the maximum amount of your income, which cannot exceed 30% of your salary.

How to adjust the monthly repayment amount of a provident fund loan

_Adjust the monthly repayment amount of a provident fund loan in Beijing

(1) Adjust the monthly repayment amount through the personal online business platform Repayment amount

1. Log in: Except for the repayment date, log in to the Beijing Housing Provident Fund website, click "Personal Online Business Platform" on the right side of the homepage - "Personal Online Business Platform (Beijing Center)", and read carefully After the login prompt and click "Beijing Unified Identity Authentication Platform Login", you will enter the login page. The login method can be "account login" or "SMS login". After selecting the login method, enter the login information according to the page prompts to log in.

_Tips: If you have not registered on the Beijing Unified Identity Authentication Platform, complete the registration first and then log in.

2. Adjust the amount: After successfully logging in, click "My Loan"-"I Want to Repay", then click "Adjust Monthly Repayment Amount", and enter the adjusted monthly payment amount according to your own financial situation. Just submit the repayment amount after confirming it is correct. The borrower should deposit sufficient repayment funds in the repayment account before the repayment date to prepare for deductions.

(2) Adjust the monthly repayment amount through the Beijing Provident Fund APP

1. Log in: Except for the repayment date, open the "Beijing Provident Fund" APP and click "My" in the lower right corner , after reading the login prompt carefully, click "Please log in". The login method can be "password login" or "verification code login". After entering the Beijing Unified Identity Authentication Platform login page, enter the login information according to the page prompts, click Authorize and Log in.

_Tips: If you have not registered on the Beijing Unified Identity Authentication Platform, complete the registration first and then log in.

2. Adjust the amount: After successfully logging in, click "Service" at the bottom of the page, then click "Adjust Monthly Repayment Amount", enter the adjusted monthly repayment amount based on your own financial situation, and confirm that it is correct. Just submit. The borrower should deposit sufficient repayment funds in the repayment account before the repayment date to prepare for deductions.

(3) Adjust the monthly repayment amount through the Beijingtong APP

For borrowers who have real-name authentication on the Beijingtong APP, in addition to the repayment date, log in to the Beijingtong APP and select "Provide Fund" - "Adjust Monthly Repayment Amount" function, enter the adjusted monthly repayment amount according to your own financial situation, and then submit it after confirming it is correct. The borrower should deposit sufficient repayment funds in the repayment account before the repayment date to prepare for deductions.

(4) Adjust the monthly repayment amount through 12329 customer service phone number

_Inquiries for users who have not undergone real-name authentication

In addition to the repayment date, dial 010- After the 12329 hotline enters the self-service voice system:

①After hearing "Please enter the ID number", enter the ID number;

②When hearing "Personal loan business, please press 1" Then, press "1";

Taizhou Provident Fund Loan Amount

Taizhou Provident Fund Loan Limit Adjustment Notice in 2022

1. The maximum unilateral normal payment of housing provident fund The loan limit is adjusted to 500,000 yuan

2. The maximum loan limit for both spouses who have paid the housing provident fund normally is adjusted to 1 million yuan

3. The first and second housing provident fund loans Can enjoy the maximum loan amount

4. The down payment ratio for first-time housing provident fund loan applications is reduced from 30% to 20%

5. The preferential housing provident fund loan policy for families with three children is further liberalized. Both the first and second housing provident fund loan limits can be increased by 20%.