1. The lender prepares relevant materials, fills in the loan application in the bank and submits the materials.
Two, the loan bank to confirm and review the information after receiving the application.
Three, after the audit, the loan bank and the lender contact, sign the relevant contract.
Four, bank loans, lenders to fulfill the repayment obligations.
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. Applicants who apply for housing provident fund loans shall provide guarantees.
Article 6 of the Civil Code stipulates that civil subjects engaged in civil activities should follow the principle of fairness and reasonably determine the rights and obligations of all parties.
Provident fund loan amount refers to the maximum loan amount that an individual can apply for when using provident fund loans. Only employees who have permanent residence in local towns, have established the housing provident fund system for more than 6 months, and have paid the housing provident fund according to regulations can enjoy the provident fund loan when the funds for purchasing or building houses or renovating or overhauling their own houses are insufficient.
The calculation of provident fund loan amount should be determined according to four conditions: repayment ability, proportion of house price, balance of housing provident fund account and maximum loan amount, and the minimum value calculated by the four conditions is the maximum loanable amount of the borrower.
The interest rate of provident fund loans is adjusted and released by the People's Bank of China. Since 2065438+August 26th, 2005, the People's Bank of China has lowered the benchmark interest rates of RMB loans and deposits of financial institutions. Personal housing provident fund deposit and loan interest rates will be adjusted accordingly. After adjustment, the annual interest rate of individual housing provident fund loans is 2.75% for five years or less and 3.25% for more than five years.
With the same loan amount and repayment period, provident fund loans can save tens of thousands of yuan in interest than commercial loans. Take a 400,000 house as an example, with a loan of 280,000. If the term of the commercial loan is 25 years, the monthly repayment is 172 1 yuan, and the total repayment for 25 years is 5 16300 yuan, and the total interest paid is as high as 236,300 yuan. It is also a provident fund loan with a term of 25 years, with a monthly repayment of 1.548 yuan. The total repayment in 25 years is 464,400 yuan, and the total interest paid is 1.8444 million yuan. Compared with commercial loans, the monthly payment can be reduced by 1.73 yuan, and the interest expense can be saved by nearly 5 1.90 yuan in 25 years.