In the case of loans to buy a house, they are divided into commercial loans and provident fund loans. The provident fund loans are mainly for employees who have purchased provident funds. So how do you apply for a provident fund loan to buy a second-hand house in practice?

Generally speaking, there are the following steps:

(1) Receive the application form. The borrower consults with the Provident Fund Loan Trustee Bank and obtains the Provident Fund Personal Housing Loan Application Form.

(2) Submit information:

1. "Proof of Provident Fund Personal Housing Loan", "Proof of Economic Income" and "Proof of Provident Fund Payment" or "Proof of Housing Provident Fund" Account Book";

2. The original and copy of the couple's ID card, household register or valid residence certificate, and marriage status certificate (if single, issue a certificate of unmarried status);

3. House purchase contract and down payment receipt;

4. Other supporting documents required by the lending bank.

(3) Sign the contract:

1. Provident Fund Personal Housing Entrusted Loan Borrowing Contract;

2. Provident Fund Personal Housing Entrusted Loan Mortgage Contract 》;

3. Other loan-related agreement documents required by the lending bank.

(4) Handle mortgage registration. The lending bank or borrower shall go to the real estate mortgage registration department to register the house mortgage.

(5) Approval and release. The Municipal Capital Center will make the final approval of the loan and issue the loan funds. The bank will transfer the loan funds directly to the developer's account by transfer and notify the borrower.

(6) Repayment and settlement. The borrower shall repay the principal and interest of the loan on time every month as stipulated in the loan contract starting from the month after the loan is granted. When settling the last loan, the borrower shall go to the lending bank in person and handle the loan repayment settlement procedures at the counter.

(7) Cancel the mortgage. After the borrower has settled all the principal and interest of the loan, he can go to the original housing mortgage registration department to handle the mortgage cancellation procedures with the loan settlement certificate and house mortgage cancellation certificate issued by the lending bank.

Comparatively speaking, the interest rate for buying a house with a provident fund loan is lower than that with a commercial loan. However, there are some corresponding restrictions on buying a house with a provident fund loan, and the purchase must be made with provident fund for a certain period of time. The procedures for provident fund loans require two more review procedures and one more lending procedure than commercial loans, and the time cycle is longer. Therefore, if buyers have time concerns, they should also consider this.