I believe everyone is familiar with provident fund loans. Its biggest advantage is its low interest rate, so it is the first choice for home buyers nowadays. So how does the provident fund loan process for first-hand housing go? Many friends are buying houses for the first time and don’t know much about this aspect. Let’s learn the detailed process of provident fund loans right away.

1. Loan consultation

Applicants should go to the loan bank designated by the Housing Provident Fund Management Office for loan consultation, obtain relevant information and fill it out.

2. Submit information

1. The applicant and his or her spouse’s ID cards, household register, original marriage certificate (or single certificate), and income certificate. (Originals and copies of the above are required).

2. Personal housing provident fund loan information for first-hand housing;

3. Original house purchase contract, original and copy of down payment receipt filed with the real estate department;

4. Proof of payment of the applicant’s housing provident fund.

5. Certification materials required by the lending bank.

Warm reminder, prepare at least four copies of these materials to avoid the dilemma of insufficient information.

3. Sign the contract

The lending bank will accept the loan applicant’s information and transfer it to the provident fund management department for approval. After passing the review, the applicant will sign a loan contract, mortgage contract and related loan documents with the lending bank. .

4. Apply for mortgage

The lending bank or the applicant shall go to the real estate mortgage registration department to register the house mortgage.

5. Loan Disbursement

The provident fund management department entrusts the lending bank to directly deposit the applicant's loan funds into the account of the house selling unit in the form of transfer.

6. Monthly repayment

Starting from the month after the loan is issued, according to the "Loan Contract", the borrower must repay the principal and interest of the loan on time until the entire loan is settled. When the borrower pays off the remaining loan for the last time, he should go to the lending bank in person and go through the loan repayment settlement procedures at the bank counter.

This is the introduction to the process of applying for a provident fund loan with a first-hand house. However, the application process will be different in different regions. It is best to consult the local housing provident fund center in advance for more accurate information.