Provident fund?

Second, how does the provident fund borrow money to buy a house

Legal analysis: provident fund loans can be.

First, how to use the provident fund to buy a house

If you want to buy a house with the provident fund, you must apply for a provident fund loan. The specific process is as follows:

1. Application: The borrower submits the loan application to the provident fund management core as required, and provides the information required for the loan.

2. Core preliminary examination: After accepting the borrower's application, the provident fund management core will review the borrower's qualification, loan amount, loan term, loan information and other information, and put forward opinions.

3. Credit investigation: After the preliminary examination of the core of provident fund management, the undertaking bank of provident fund loan will conduct 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. Signing a loan contract: The borrower will receive a notice from the loan undertaking bank after passing the examination. 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 transfer: After confirming that the mortgage registration has been completed and the loan contract has come into effect, the loan undertaking bank will transfer the loan to the account designated by the borrower and the borrower on the date agreed in the contract, and send the loan receipt to the borrower.

Legal basis: People's Republic of China (PRC) Social Security Law.

Article 64 Social insurance funds include basic old-age insurance funds, basic medical insurance funds, industrial injury insurance funds, unemployment insurance funds and maternity insurance funds. All social insurance funds shall be accounted for according to the types of social insurance, and a unified national accounting system shall be implemented.

The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.

Article 69 Social insurance funds shall be invested and operated in accordance with the regulations of the State Council under the premise of ensuring safety, so as to maintain and increase the value.

Social insurance funds shall not be used for illegal investment and operation, for balancing other government budgets, for building or rebuilding office buildings, and for paying personnel expenses, operating expenses and management expenses, or for other purposes that violate laws and administrative regulations.

3. If the 500,000 provident fund loan is paid off in six years, what is the interest? How much is the monthly repayment?

The provident fund loan is 3.33% for lawyer Li for less than 5 years, and 3.87% for more than 5 years. You have just chosen the critical point: repayment of 500,000 yuan in June, 7793 yuan in 72 months = 5,665,438 yuan+interest of 0.096 yuan, interest of 543,480 yuan.