What are the procedures for housing provident fund loans?

To buy a house, most people will use provident fund loans. After all, the interest rate of provident fund loans will be lower than the interest rates of ordinary loans. In general, This will leave you with a considerable expense. So what are the procedures for a housing provident fund loan, and what are the conditions for a provident fund loan? Do you know? Let’s take a look now.

1. Housing provident fund loan procedures

1. The applicant submits relevant information and loan application form to the bank; 2. Bank staff will review the materials and conduct a value assessment; 3. . The applicant fills out the loan documents and gets the contract stamped by the employer; 4. The applicant submits all materials to the provident fund management center, and submits them to the bank after review; 5. The loan is issued and the applicant repays the loan on time.

2. What are the conditions for provident fund loans?

1. To apply for a provident fund loan, the most basic condition is that the borrower has a local urban household registration.

2. Whether you pay the provident fund yourself or the provident fund paid by the company, you need to ensure that you have paid it continuously for more than one year.

3. Individuals applying for loans must have a stable job and a stable income.

4. The borrower needs to print a credit report to see if his credit is good and he has the ability to repay the loan.

5. Before applying for a provident fund loan, the home buyer needs to sign a housing sales contract or agreement with the developer. It has been confirmed that the house has been purchased, and the provident fund loan is used for the purchase of the house.

6. When selecting the loan property, it needs to be an asset recognized by the "Security Law", so that the probability of loan success will be greater.

7. If you want to apply for a provident fund loan, you also need to agree to apply for a "property purchase guarantee" or "collateral property insurance."

8. Applicants must agree to all other conditions stipulated by provident fund management before they can apply for a loan.

This is the introduction to the procedures for housing provident fund loans and the conditions required for provident fund loans. Do you understand it? When buying a house, if you plan to use a provident fund loan, you need to meet the requirements first. To determine the conditions required for a loan, follow the loan process step by step to protect your legitimate rights and interests.

How to apply for a provident fund loan

Although housing prices are getting higher and higher, it cannot stop people's enthusiasm for buying homes they just need. After all, having a house brings peace of mind. If you have the ability, who wouldn’t want to own a house of his own? Although buying a house is stressful, if you can use provident fund loans, the stress will be much less. Many people know that provident fund loans can be used to buy houses, but they don’t know much about the process of providing provident fund loans and the conditions for provident fund loans. Then I will come and talk to you in detail today.

How to apply for a provident fund loan?

There are many details and conditions that need to be paid attention to when applying for a provident fund loan. Once the conditions are not met, it means that the bank will refuse to provide you with a provident fund loan. Therefore, before applying for a provident fund loan, you must determine whether you meet the conditions for a provident fund loan.

—Conditions that need to be met for provident fund loans

1. Have a provident fund account and pay housing provident fund continuously for a certain period. The regulations are different in each city. You should go to the local provident fund management center to learn more about it. For example, in Shanghai, you are required to pay the provident fund for more than 5 consecutive years before you can buy a house and apply for a provident fund loan.

2. Have a labor contract signed with the company. Some cities even require a labor contract of three years or more signed with the company.

3. The person applying for a provident fund loan has not retired and has not exceeded the retirement age. This is mainly to ensure that the applicant has a certain ability to repay the loan. After all, provident fund loans are also loans, and whether the applicant has the ability to repay is always the decisive factor in considering whether the loan can be granted.

4. The person applying for a provident fund loan must agree to handle housing mortgage registration and insurance, and must be able to provide a guarantee method recognized by your local provident fund management center. This requires you to find out what kind of guarantee methods are recognized by the local provident fund management center. After all, this is a big deal, so it’s inevitable to make more trips.

5. Relevant supporting documents of the house purchase contract are required, such as house purchase contract, house property ownership certificate, etc., and documents proving the payment of provident fund, etc. are also required.

In short, all kinds of documents and materials are indispensable, and you must have what you should have.

If you meet these conditions, you can proceed to the provident fund loan application process. As long as you know every step of the process, you can handle it quickly, unlike some people who have to go many times and fail to handle it.

—The process of applying for provident fund loans

The specific process is as follows: Go to the provident fund management center to submit materials → the provident fund management center accepts → the provident fund management center approves the loan → the approval is passed, and the mortgage is processed Registration procedures → The Provident Fund Management Center conducts loan review → After the review is approved, the loan is issued

Then, we will explain some details that need to be paid attention to during the re-loan process.

1. Materials required for applying for a provident fund loan

① Original and photocopies of the ID cards of both husband and wife of the provident fund loan applicant (the number of copies required for each location does not vary) Same, some places require 3 copies).

②Both bank credit certificates of the provident fund loan applicant and his or her husband are required. Both originals and copies are required.

③The original and copy of the household registration book. The household registration book here should include the home page of the household registration book, the household home page and the personal page of both husband and wife. Both originals and copies are required.

④Proof of marital status. If you are married, you need a marriage certificate, if you are divorced, you need a divorce certificate, and if you are single, you need a certificate of singleness.

⑤ Proof of house purchase, original and copy of the invoice for house purchase and other relevant supporting documents.

⑥Proof of monthly income. This can be done by printing bank statements.

⑦Education certificate. Some provident fund loans also require the highest academic certificate, such as a diploma and degree certificate for undergraduates, and a diploma for junior college. However, some cities do not need to provide this. The details depend on the provident fund management center in the location.

⑧Other materials required by the Provident Fund Management Center. Provident fund loan requirements may vary in each place. You can call the local provident fund management center to inquire about the specific materials required.

2. Under these circumstances, the provident fund loan application may not be approved

① One of the spouses has already taken out a provident fund loan, and the loan amount and interest are still outstanding. In this case, two people cannot apply for provident fund loans again.

② When I bought a house, I applied for a combination loan and later wanted to convert it to a provident fund loan. In this case, it is not possible. Because portfolio loans cannot be converted into provident fund loans.

③ There are problems with the provident fund loan applicant’s credit report, and there are records of overdue repayments or other bad records.

If you have no problems with the above, then you don’t have to worry too much. As long as all the necessary information is ready and there are no credit problems, generally speaking, applying for a provident fund loan will not be too difficult for you. .

What are the procedures for applying for provident fund loans

Procedures for applying for housing provident fund loans: 1. The borrower fills in the application form; 2. The applicant submits the application materials to the center; 3. After the center’s preliminary review Confirm the customer's loan qualification; 4. The borrower entrusts an appraisal firm to conduct collateral review and evaluation; 5. Fill in the loan documents; 6. Submit the mortgage collection contract and loan contract to the developer and the guarantee unit for sealing; 7. Purchase insurance; 8. Submit information to the Provident Fund Management Center for review. Article 26 of the "Housing Provident Fund Management Regulations" Employees who have paid housing provident funds may apply for housing provident fund loans from the Housing Provident Fund Management Center when purchasing, constructing, renovating, or overhauling their own homes. The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant; if the loan is granted, the entrusted bank shall handle the loan procedures. The risks of housing provident fund loans are borne by the housing provident fund management center.

How to apply for a housing provident fund loan

First of all, you must know that the prerequisite for a loan is that individual employees and their units with urban household registration must pay housing provident fund continuously for more than 12 months.

In the first step, the loan applicant needs to go to the bank to submit a written application for a housing provident fund loan and truthfully fill in the above content on the housing provident fund loan application form;

The second step is to submit the loan Required relevant information: identity certificate and marriage certificate of the applicant and his/her spouse, proof of timely deposit of housing provident fund of the applicant and his or her spouse; proof of economic income of the applicant and his or her spouse; relevant certificates such as the contract and agreement of the purchased house; as Proof of legality and value of the loan collateral;

The third step, if the information is complete and in compliance with the regulations, the bank will immediately accept the review and submit it to the Provident Fund Center in a timely manner;

The fourth step , after the Provident Fund Center receives the information provided by the applicant for price increase from the bank, it will immediately conduct an examination. After passing the examination, it will immediately notify the bank and issue a "Collateral Review and Assessment Notice";

Sec. Step 5: After the provident fund center passes the review, the bank will call the applicant to go to the bank to go through the loan procedures and sign a loan contract or agreement. Then the bank will send the loan contract or agreement to the provident fund center for review again;

Sixth Step 1: After the provident fund center passes the reexamination, the provident fund center signs an entrusted loan agreement with the trustee bank;

The seventh step is that the trustee bank signs the "Housing Provident Fund Entrusted Loan Mortgage Contract" and "Housing Provident Fund Entrusted Loan Mortgage Contract" with the applicant in accordance with the entrusted loan agreement. After completing the "Housing Provident Fund Entrusted Loan Pledge Contract" and the "Housing Provident Fund Entrusted Loan Guarantee Contract", go through the borrowing procedures and the bank will allocate the loan;

The eighth step is to go through the mortgage guarantee procedures. Generally, a guarantee company will handle it on your behalf.

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What materials are needed to apply for a provident fund loan

1. House sales contract (original and copy 2 copy)

2. Real estate certificate after transfer (1 original copy, 1 copy)

3. House transfer valuation report (1 original copy)

4. Down payment voucher (1 original and 1 copy)

How to apply for a housing provident fund loan

Nowadays, housing prices in our cities are very high, so many people will choose to apply Get a loan to buy a house. Loans to buy a house are usually divided into three types: commercial loans, provident fund loans, and combination loans. Among them, provident fund loans are favored by most people. Some people are applying for provident fund loans for the first time, so they don't know how to use provident funds to buy a house. Next, the editor will briefly introduce it to you.

1. If we want to apply for a housing provident fund loan to buy a house, we need to meet relevant conditions. For example, you have been depositing provident fund continuously for more than half a year, have a stable career and income, have enough down payment, etc. If the conditions are met, we need to prepare the provident fund deposit certificate, ID card, income certificate and other relevant information, and go to the local provident fund management center to apply for a loan.

2. After the Provident Fund Management Center accepts the application, it will review the applicant’s qualifications, loan amount, etc. After the provident fund management center passes the preliminary review, the provident fund loan undertaking bank will conduct a credit investigation on the applicant and fill out a personal housing provident fund loan approval form. After passing the review, the bank will notify the applicant.

3. The applicant brings the relevant information to the provident fund bank to sign a loan contract, and complete the guarantee procedures and mortgage registration procedures. Finally, the bank will transfer the loan to the designated account according to the contract and send the loan receipt to the applicant.

4. Next, we need to open a repayment account at the lending bank and repay the principal and interest on time every month. After the loan is settled, we need to go to the lending bank to get the guarantee certificate, loan repayment certificate and other relevant documents, and then go to the housing authority to go through the procedures for canceling the mortgage registration.

The editor summarizes: Regarding how to use the housing provident fund to buy a house, the editor will briefly introduce it here. I hope that after reading this article, it can provide you with a reference when applying for provident fund loans in the future. If we have applied for a provident fund loan before and have not paid off the loan, we generally cannot apply for a provident fund loan again.

That’s it for the introduction of provident fund loan procedures.