1. Housing provident fund purchase process

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

2. The core of the provident fund loan is initially examined. 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 give opinions.

3. Credit investigation of provident fund loans. After the preliminary examination of the core of provident fund management, the undertaking bank of provident fund loans will conduct a credit investigation of borrowers before lending. After the investigation is completed, the loan bank will put forward opinions, and fill in the "Investigation and Approval Form for Individual Housing Provident Fund Loans and Portfolio Loans" and send it to the relevant personnel for approval.

4. After signing the provident fund loan contract, if the borrower passes the examination, he will receive a notice from the loan undertaking bank. At this time, the borrower only needs to carry the ID card, account book, bank account number and other materials in accordance with the specified time to go to the undertaking bank to handle the loan contract signing procedures.

5. Go through the formalities of home insurance and mortgage registration. After signing the loan contract, the borrower shall go through the formalities of insurance and mortgage registration as required, and the expenses arising therefrom will be borne by the borrower himself.

6. Waiting for the transfer of the provident fund loan, the loan undertaking bank will transfer the loan to the account designated by the borrower and the seller on the date agreed in the contract after confirming that the mortgage registration has been completed and the loan contract has come into effect, and send the loan receipt to the borrower.

Second, the amount of housing provident fund loans

1. Most cities have stipulated a higher amount of individual housing provident fund loans. For example, the higher amount of individual housing provident fund loans in Chengdu is 4, yuan; The personal loan amount of Guangzhou housing provident fund is 5, yuan, and that of Beijing housing provident fund is 8, yuan. If the rating is rated as 3A, it can reach 8, * (1+3%) = 1.4 million. Secondly, the housing provident fund loan amount is higher than 7% of the total house payment;

2. Loan amount formula of housing provident fund: sum of individual monthly contributions of the borrower and spouse's provident fund ÷ actual contribution ratio ×12 (month )× .45 (repayment ability coefficient) × loan term (long loanable period)

3. If the contribution ratio of husband and wife is inconsistent, the actual contribution ratio shall be determined by the one with higher ratio. Not higher than the loan limit determined according to the repayment ability of the loan applicant and spouse. To apply for provident fund loans, the monthly repayment/monthly income should be no more than 5% (in which: monthly repayment includes the sum of monthly repayment of existing liabilities and current liabilities).

Extended information:

Housing provident fund is a personal housing savings fund specially used by employees for housing consumption expenditure according to regulations. It has two characteristics: First, it is cumulative, that is, although housing provident fund is an integral part of employees' wages, it is not distributed in cash, and it must be deposited in a special account opened by the housing provident fund management center in the entrusted bank, and the special account management is implemented.

Second, it is special. The housing accumulation fund is earmarked, and can only be used for purchasing, building, overhauling occupied houses or paying rent during the storage period. Only when the employee retires, dies, completely loses the ability to work, terminates the labor relationship with the unit or moves out of the original city, can he withdraw the housing provident fund from his account.

Reference: Baidu Encyclopedia of Housing Purchase with Provident Fund.