According to the Notice of the Ministry of Housing and Urban-Rural Development of the People's Republic of China on Relevant Issues Concerning the Operation of Individual Housing Loan Business of Housing Provident Fund issued in September, 20 15, the Notice clarifies the handling process of individual housing loan of housing provident fund, and puts forward that the provident fund management department should pay close attention to the detailed rules for individual housing loan business.

From 20 1 July1day, all housing provident fund management centers in China will handle the transfer and connection of housing provident fund in different places through the platform according to the requirements of the National Operating Rules for the Transfer and Connection of Housing Provident Fund in Different Places issued by the Ministry of Housing and Urban-Rural Development. All housing provident fund management centers in China will be "networked" and handle the transfer and connection of housing provident fund in different places through a unified platform.

According to incomplete statistics, more than 20 cities such as Beijing, Shanghai, Fuzhou and Guangzhou have been connected to the national housing provident fund transfer and connection platform. On May 5, 2018, Beijing Housing Provident Fund Management Center issued the Notice on Cancelling the Copy of Identification Materials as an Important Element for Collecting Housing Provident Fund and Handling Loan Business.

Processing flow:

1. Loan City Provident Fund Center accepts the consultation of employees' loan business in different places and informs them of the materials needed for loan review at one time.

2. The employee himself or his client applies to the urban provident fund deposit center, and the urban provident fund deposit center verifies the loan paid by the employee according to the employee's application. For the paid employees who have not used the housing provident fund personal housing loan or whose first housing provident fund personal housing loan has been settled, they will be issued with the Certificate for the Use of Housing Provident Fund Foreign Loan Deposit.

3. After accepting the employee's application for off-site loan, the loan city provident fund center shall verify the authenticity and completeness of the information in the certificate of deposit and use of the employee's housing provident fund for off-site loan to the deposit city provident fund center. If the verification is correct, the loan approval procedures shall be fulfilled within the prescribed time limit, and the results shall be fed back to the Municipal Provident Fund Center. Deposit in the city provident fund center to find out the situation of employees' loans in different places, and establish a detailed account of employees' loans in different places.

4. If the individual account of the housing provident fund is transferred during the loan repayment period, the original deposit city provident fund center shall promptly inform the loan city provident fund center and transfer it to the city provident fund center. Transferred to the city provident fund center should be re-identified and recorded in time after receiving the employee housing provident fund account.

5. In loans overdue, the deposit city provident fund center should cooperate with the loan city provident fund center to carry out loan collection and other work, and the balance of the loan employee provident fund account can be deducted according to the loan contract to repay the loan.

Extended data:

Provident fund loan type:

1. Personal housing provident fund loan: it is a preferential loan granted by the housing provident fund management center to the depositors of housing provident fund who purchase, build, renovate and overhaul their own houses and raise funds for cooperative housing construction.

2. Personal housing provident fund portfolio loan: refers to that when the amount of housing provident fund loan is insufficient to pay the purchase price, the borrower applies for a commercial personal housing loan from the entrusted bank at the same time, and the two loans together constitute a portfolio loan. Housing provident fund loans in portfolio loans are approved by the management center, and commercial loans are approved by the entrusted banks.

The real estate developer signed the Commercial Housing Mortgage Loan Cooperation Agreement with the management center and the entrusted bank, and the real estate developer provided the borrower with staged guarantee and paid a deposit according to a certain proportion of the total loan. After the property right certificate is completed and the mortgage registration is completed, the guarantee responsibility is terminated and the purchased house is converted into mortgage guarantee. The borrower applies for a loan from the management center, and after approval, the entrusted bank signs a loan contract with the borrower and goes through the formalities for using the loan.

3. Individual housing provident fund replacement portfolio loan: First, the bank issues commercial housing loans to borrowers (employees who pay housing provident fund) with bank funds, and then the entrusted bank applies for provident fund loans to the management center on behalf of the borrowers. The borrower's provident fund loan amount is controlled within its basic provident fund loan amount and does not exceed 70% of the commercial housing loan amount, and its basic provident fund loan period is shorter than the commercial housing loan period by more than one year.

Ministry of Housing and Urban-Rural Development —— Notice on Relevant Issues Concerning the Operation of Individual Housing Loans from Housing Provident Funds in Different Places

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