Guidelines for Calculating Eligible Home Loan Amounts under Housing公积金 Scheme

Guidelines for Calculating Home Loan Eligible Amount under Housing公积金

provides a detled breakdown of the rules that govern the calculation of eligible loan amounts under the Housing公积金 scheme. The eligibility amount is determined by multiple factors including but not limited to housing locality's maximum loan limit, loan formula-derived figures, remning home price after deducting the down payment, and debt-to-income ratios.

1. Maximum Loan Limit for Different Locations:

For residents in Chengdu:

• For couples with Housing公积金 contributions: up to 1 million yuan

• For individuals contributing singly: Up to 600,000 yuan

• Couples with multiple children or those trading old homes for new ones are subject to a loan limit increase of 20, making it respectively 1.2 million yuan and 720,000 yuan.

For residents in other areas like DeYang, MianShan, Ziyang, PanZhiHua: The maximum loan amount is determined based on the regional limit established by the respective Housing公积金 Management Committees.

2. Calculation Formula for Loan Amount:

The eligible loan amount formula considers:

• Monthly公积金 contributions from each applicant with exceptions for those who have previously withdrawn their公积金

• Total months of公积金 contribution

• A coefficient that varies according to the liquidity situation and is currently set at 0.9

3. Down Payment Requirement:

For loans under single Housing公积金 policy:

• Minimum down payment requirement is 20 for first homes; 30 for second homes.

Penalties apply based on serious defaults or poor credit records, which could increase the minimum down payment requirement.

4. Summation of Eligible Loan Amounts:

The total loan amount an applicant can borrow is calculated by summing up all eligible contributions from each member involved in the transaction.

5. Online Calculation Tools and Support:

• Users can estimate their eligible loan amounts through online platforms such as Chengdu公积金's mobile app, Tian Fu Citizens Cloud, etc., or seek help directly from Chengdu公积金 centers or banks that provide loan services.

6. Adjustment for Migrated Contributions:

The Housing公积金 contributions of individuals who have changed their公积金 management center or conducted a transfer are accounted for based on the records provided by the original公积金 service provider, with consideration given to funds withdrawn and the date of withdrawal.

provides an overview of how eligible amounts under Housing公积金 loans are calculated. It is advised that interested parties refer directly to official sources like Chengdu公积金 centers, banks offering housing loan services or online platforms for the most accurate information.

is a summary translation provided by the assistant and may not exactly match the in terms of tone or format. If you need more detled or specific information about Housing公积金 loans, please consult an official source directly.
This article is reproduced from: https://cdzfgjj.chengdu.gov.cn/cdgjj/c11563100/2022-01/20/content_c9e4eff08c85497d83c59c4190c317f1.shtml

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