If there is no balance in the provident fund account, you can't make a loan. According to the regulations of the Housing Provident Fund Management Center, when applying for a housing provident fund loan, the balance inside cannot be empty, otherwise the bank will not pass the loan review. Because the loan amount of the provident fund is closely related to the balance in the provident fund account, the more the balance in the provident fund account, the higher the credit amount of the provident fund that the borrower can apply for. On the contrary, if the balance in the provident fund account is relatively small, the loan amount of the provident fund will naturally be lower.
What should I pay attention to when buying a house with provident fund loans?
1. Pay attention to loan requirements.
Applying for provident fund loans to buy a house should not only meet the conditions of commercial loans, but also pay attention to the requirements of provident fund loans for individual provident fund accounts. At present, many cities require borrowers to pay the provident fund in full for more than 6 months (inclusive) continuously, and the provident fund account is in the state of payment before they can apply for provident fund loans. However, different cities have different regulations, and some cities require borrowers to pay provident fund for more than 12 months (inclusive), depending on the regulations of relevant local departments.
2. Pay attention to the loan amount.
Some property buyers give up using provident fund loans because the amount of provident fund loans is low and cannot meet their own loan needs. Indeed, the amount of provident fund loans is also limited. Therefore, some property buyers need to use the combination of "commercial loans+provident fund loans" to achieve the loan amount they need, but it is also more economical than using all commercial loans.
3, the use of provident fund in different places is limited.
Although some cities have realized the intercommunication of provident funds, they can use provident fund loans in advance to buy houses in different places in these interconnected cities. However, most cities that restrict purchases do not actually support off-site provident fund loans, and buyers need to know before buying a house.
The provident fund cannot be loaned without balance, and the loan conditions of the provident fund are as follows:
1, with permanent residence or valid residence certificate in this city;
2. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans, and employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans;
3. If you participate in the housing provident fund system, you must also meet the following conditions to apply for a housing provident fund personal purchase loan: that is, before applying for a loan, you must pay the housing provident fund in full for not less than 6 months, and some cities stipulate that it should not be less than 12 months;
4. Purchase, build, renovate and overhaul self-occupied ordinary houses within the jurisdiction of this Municipality, excluding commercial and residential dual-use houses, and have relevant procedures, certificates and self-raised funds in a specified proportion;
5. Have full capacity for civil conduct, have a stable occupation and income, have the ability to repay the principal and interest of the loan, and have good credit;
6. There are no outstanding housing provident fund loans. In addition, it should be noted that one spouse has applied for a housing provident fund loan, and neither spouse can obtain a housing provident fund loan until the principal and interest of the loan are paid off;
7. Before reaching the statutory retirement age, the longest loan period shall not exceed 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.
Legal basis:
Regulations of People's Republic of China (PRC) Municipality on the Administration of 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.
Twenty-seventh applicants for housing provident fund loans shall provide guarantees.