After receiving a Wuhan housing provident fund loan, the bank will withhold the official seal of the bank when signing the loan contract.

The complete process of housing provident fund loans:

1. Preliminary review:

The Housing Fund Management Center will conduct a preliminary review of the materials submitted by the applicant, including the applicant’s qualifications , loan amount, loan term, and after passing the preliminary review, the center will issue a "Collateral Review and Assessment Notice".

2. Appraisal:

The applicant should take the "Collateral Review and Appraisal Notice" to the appraisal agency designated by the center to appraise the value of the house purchased. Affordable housing does not require an assessment.

3. Review:

Applicants should go to the center for loan review with the "Evaluation Report" issued by the assessment agency and the preliminary review materials required by the center. If qualified, the center will issue a "Housing Fund Management Center Guaranteed Entrusted Loan Investigation Notice".

4. Go through the guarantee procedures:

The applicant holds the "Housing Fund Management Center Guaranteed Entrusted Loan Investigation Notice" and goes through the guarantee procedures according to the guarantee method of his choice. If you choose the mortgage + guarantee method, the guarantor should issue a written guarantee letter; if you choose the mortgage + insurance or third-party guarantee method, you should go to an insurance company to apply for insurance or go to a guarantee agency to go through the entrustment guarantee procedures.

5. Sign a loan contract.

6. The Housing Fund Management Center signs an entrusted loan agreement with the trustee bank.

7. The borrower directly submits a loan application to the Housing Fund Management Center. The entrusted industry can collect the borrower's application information on its behalf as needed and submit it to the Housing Fund Management Center for review and approval.

8. After the Housing Fund Management Center approves the amount, term, and interest rate of each loan, it signs an entrusted loan contract with the trustee bank.

9. After the trustee bank signs the "Housing Provident Fund Entrusted Loan Mortgage Contract", "Housing Provident Fund Entrusted Loan Pledge Contract" and "Housing Provident Fund Entrusted Loan Guarantee Contract" with the borrower in accordance with the entrusted loan contract, Handle loan procedures.

10. The trustee bank will transfer the loan directly to the designated account opened by the seller at the trustee bank.