Provident fund loan refers to the purchase loan business that individuals apply to the provident fund center. The conditions of provident fund loans mainly include the amount, time and years paid by individuals. Specifically, applicants are generally required to pay the provident fund at the same time for a continuous period of not less than 1 year, and the individual's monthly contribution should also meet local regulations. In addition, the age of the applicant is generally between 20 and 60, and the regulations in different regions may be slightly different. The loan amount of provident fund is determined according to local policies, but generally speaking, the maximum loan amount does not exceed 70% of the total house price. In addition, factors such as personal repayment ability and house appraisal value need to be considered, which will also affect the final loan amount. It should be noted that the interest rate of provident fund loans is generally low, and you can also enjoy tax incentives, so it is a more favorable way to buy a house. However, the applicant needs to meet the above requirements and bear the corresponding repayment responsibility.
If you already have a property, can you still apply for a provident fund loan? According to relevant regulations, employees' families who have already owned houses or families own houses of 1 or above may not apply for housing provident fund loans in this city again.
Provident fund loan is a relatively favorable way to buy a house. Applicants need to meet certain requirements and bear corresponding repayment responsibilities. The maximum loan amount depends on local policies, but it shall not exceed 70% of the total house price. Applicants with existing properties cannot apply for provident fund loans again.
Legal basis:
"Regulations of People's Republic of China (PRC) Municipality on the Administration of Housing Provident Fund" Article 9 Individuals who have continuously paid housing provident fund for one year and whose deposit amount meets the requirements may apply to the housing provident fund management center for housing provident fund loans.