Provident fund decoration loan is a loan product that uses provident fund loans to decorate houses and enjoys the interest rate of provident fund loans. Application conditions: (1) normally pay the municipal housing provident fund 6 months before applying for the loan; (2) Have full capacity for civil liability, and have permanent residence or blue-printed residence in this city (non-agricultural); (3) having stable economic income and the ability to repay loan interest; (4) The borrower must be the owner of a large (renovated) house and sign a project implementation contract with a regular decoration company; (5) The spouse of the loan applicant. Article 26 of the Regulations on the Management of Housing Provident Fund stipulates that employees who have paid housing provident fund can apply for housing provident fund loans from 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.

What are the decoration conditions of provident fund loans?

In addition to buying houses and overhauling houses, some places also provide provident fund decoration loans. However, if you want to apply for a provident fund renovation loan, you still need to meet certain conditions. So what are the loan conditions for provident fund renovation? Next, Bian Xiao will briefly introduce it to you.

1, pay the provident fund.

We want to apply for a provident fund renovation loan, so first of all, our provident fund has a balance. Many places stipulate that people who apply for provident fund loans need to pay the provident fund for several months or even longer. For example, Shanghai stipulates that applicants need to pay the provident fund continuously for nearly 6 months. Hangzhou stipulates that applicants need to continuously pay the provident fund 1 year or more.

2. There is a house in the name.

Because we are applying for a decoration loan, of course, we need to have a house in our own name to apply. In some places, existing houses are needed. If it is a mortgage house, you need to provide proof of the last repayment. Some places stipulate that loans can be made even if the mortgaged house has not been paid off, but the loan amount that the applicant has not paid off will not be large, which will not affect the repayment of the remaining renovation loans. You can consult the relevant staff before applying for a loan.

3. Renovation contract

Under normal circumstances, the provident fund renovation loan does not exceed 70% of the renovation budget. Therefore, when applying for a decoration loan, it is usually necessary to sign a renovation contract with the decoration company to provide a decoration budget table. Applicants also need to have enough funds to pay the down payment for decoration.

4. The ability to repay the principal and interest on time

Applicants applying for provident fund renovation loans usually need to have a stable job and income and good credit. The average applicant needs to provide proof of salary to prove that he can repay the principal and interest on time. In addition, the applicant also needs to provide a list of pledge rights, ownership certificate, household registration certificate and other information.

Bian Xiao concluded: What are the conditions for the renovation of provident fund loans? Bian Xiao introduced it here. I hope that after reading this article, I can provide you with reference. When handling provident fund renovation loans, it should be noted that some places do not provide this service, and the conditions of provident fund loans will be different from place to place. Therefore, everyone must ask clearly before applying.

What are the conditions for the renovation of provident fund loans?

1. Lenders of provident fund renovation loans must have permanent residence or valid residence identification documents in local towns;

2. To apply for provident fund, you must continuously deposit housing provident fund 12 months or more. If both husband and wife have provident fund, only one party can apply for provident fund decoration loan;

3. The provident fund renovation loan applicant must hold a contract (agreement) and related materials for the construction, purchase and overhaul of owner-occupied housing in accordance with the law;

You should have a certain proportion of self-raised funds. For the purchase of commercial housing and affordable housing, the self-raised funds shall not be less than 20% of the total house price. The purchase of second-hand housing or self-built housing, housing overhaul, self-raised funds shall not be less than 30% of the total price. Of course, every city may be a little different;

5. The applicant must have a stable income and the ability to repay the principal and interest of the loan. Generally, the unit needs to issue a certificate of income;

6. The applicant agrees to use the purchased house or the house with complete property rights or the house of a third party as collateral, or use securities or bank time deposit certificates recognized by the loan bank as collateral, or legal persons, organizations or third parties recognized by the loan bank can provide guarantee.

Matters needing attention in decoration of provident fund loan

1. If you really need to decorate your home, you can go to some local house purchase guarantees to go through the relevant procedures.

2. If someone can't sign the property right certificate on the spot, it is necessary to entrust notarization, which will entrust the mortgage and loan handling right of the house to others.

3. Require the balance in the provident fund account of the main lender to be sufficient, usually more than 1/40 of the loan amount, and have been deposited continuously for 6 months. If the balance is insufficient, the handling fee may rise.

4. Under normal circumstances, the area of the house to be renovated is more than 70 square meters, and the requirements for good units can be relaxed. The room age is within 15, and a good unit can be appropriately relaxed to 20 years. If the requirements are not up to standard, the processing cost will rise.

5. When handling, the applicant should shop around, especially if there is a normal unit. It is not difficult to apply for housing provident fund, you can shop around.

6. Provident fund loans require the lender to have a good credit record, and it is best not to have too many overdue records of credit repayment.

8. The provident fund renovation loan has not been paid off, and you cannot apply for a new provident fund housing loan. Therefore, people with short-term housing needs, it is best not to apply for provident fund decoration loans.

9. In the first two months, you need to deposit cash in the repayment account before you can offset it with the provident fund. Don't take all the money after you get the loan, but leave at least two months' repayment.