What are the benefits of provident fund loans?
1, the first advantage is that the loan interest rate brought by this loan method will be lower. If the loan lasts for five years, its interest rate can be one or two points lower than that of commercial loans. In the end, the interest borne by the buyers will be less, the pressure of buying a house with loans will be reduced, and the monthly repayment amount will be much lower.
2. Provident fund loans can also be used as the main supplementary funds for families, which meet the withdrawal conditions and can withdraw the balance in the card to ease the economic pressure. If it is not withdrawn, it can be returned to the individual after one-time settlement of principal and interest, and the account can be cancelled as a pension.
3. Compared with commercial loans, this kind of loans may have lower requirements for housing age. For example, if you buy a second-hand house, you can apply successfully if the age of the second-hand house plus the loan period cannot exceed 50 years. Moreover, using this loan method, you can clearly understand the monthly repayment amount, and you can make a repayment plan according to your own economic ability, which is convenient for arranging personal repayment and expenditure.
How to borrow provident fund loans?
1. Approval Form for Provident Fund Loan Application in triplicate (to be filled in at the local provident fund management center).
2. The original and three copies of the household registration book, resident identity card and marriage certificate of the borrower and spouse; Singles need to provide the original and photocopy of the single certificate and divorce certificate issued by the civil affairs department.
3. The original legal and valid purchase contract is in triplicate. 3 copies of the business license of the housing development unit, the pre-sale permit of commercial housing (forward delivery), the sales permit of commercial housing, the certificate of completion acceptance and the certificate of big house.
4. In case of mortgage or pledge guarantee, the original and three copies of the ownership certificate of the mortgaged property or pledge right, and three original written certificates of consent of the disposition right holder to mortgage (pledge) shall be provided.
5. Where the guarantee is involved, the guarantor shall issue three originals of the written commitment to provide the guarantee, and provide three copies of supporting materials (including business license, financial statements for the last three years, qualification certificate, credit certificate, etc.). The guarantor has the ability to guarantee.
6. Original and three copies of down payment documents (invoices, receipts, bank bills, cash payment bills, etc.). Prove that the borrower has paid more than the specified proportion of the house price.
7. After the above documents are fully prepared, the lender will personally go to the local provident fund management center to handle the loan formalities with his ID card and household registration book. Housing property ownership of more than 2 people must be present at the same time.