First, apply for provident fund loans
1. application
The borrower shall submit a loan application to the provident fund management core as required, and provide the information required for the loan.
2. Core preliminary review
When accepting the borrower's application, the core of provident fund management will review the borrower's qualification, loan amount, loan term, loan information and other information, and make comments.
3. Credit investigation
After the preliminary examination of the core of provident fund management, the undertaking bank of provident fund loan conducts a pre-loan credit investigation on the borrower. After the investigation is completed, the lending bank puts forward opinions, and fills in the "Examination and Approval Form for Individual Housing Provident Fund Loans and Portfolio Loans" and sends it to relevant personnel for approval.
4. Sign a loan contract
After the borrower passes the examination, it will receive a notice from the loan undertaking bank. At this time, the borrower only needs to bring his ID card, household registration book, bank account number and other materials to the undertaking bank for signing the loan contract according to the specified time.
5. Handling insurance and mortgage registration procedures After the loan contract is signed, the borrower needs to handle insurance and mortgage registration procedures according to regulations, and the expenses arising therefrom shall be borne by the borrower.
6. Loan allocation
After confirming that the mortgage registration has been completed and the loan contract comes into effect, the loan undertaking bank will transfer the loan to the account designated by the borrower and the seller on the date agreed in the contract and send the loan receipt to the borrower.
Second, the matters needing attention of provident fund loans
1, loan term
50,000 yuan provident fund is used for loan to buy a house and repay the loan, with a maximum term of 30 years and no more than 5 natural years after the statutory retirement time of the borrower.
2. Loan amount
The maximum amount of 50,000 housing provident fund personal housing loans is usually 500,000, but it still depends on local policies. In addition, the specific amount of the borrower's personal housing loan needs to be determined in combination with the borrower and his spouse's repayment ability, whether there are other guarantees or loans and other comprehensive factors.
(1) repayment ability: the monthly repayment amount of the loan applicant shall not exceed 60% of the sum of the deposit bases of the loan applicant and his spouse.
(2) If there are other loans and guarantees in the personal credit report of the loan applicant and his spouse, the loan amount is the balance of the loan amount calculated according to the repayment ability minus the guarantees and loans.
3. Loan interest rate
The interest rate of the first housing loan is the provident fund loan rate announced by the People's Bank of China, that is, the annual interest rate of 1-5 is 2.75%, the annual interest rate of 6-30 is 3.25%, and the interest rate of the second housing loan is 1. 1 times the same period interest rate, that is, the annual interest rate of 1-5 is 3.025.
legal ground
Regulations on the Administration of Housing Provident Fund (revised on 20 19)
Twenty-fourth employees in any of the following circumstances, you can withdraw the balance of storage in the employee housing provident fund account:
(a) the purchase, construction, renovation and overhaul of owner-occupied housing;
(2) retirement;
(three) completely lose the ability to work, and terminate the labor relationship with the unit;
(4) Having left the country to settle down;
(5) Repaying the principal and interest of the house purchase loan;
(six) the rent exceeds the prescribed proportion of family wage income.
In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.
If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.
Twenty-sixth workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses.
The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities.
The risk of housing provident fund loans shall be borne by the housing provident fund management center.