When we are looking for a job, we all ask the unit to pay us five insurances and one gold, one of which refers to the provident fund. As we all know, the provident fund is for us to buy a house in the future. When the economic situation is not very affluent, most people will use loans. Compared with commercial loans, provident fund loans are much cheaper, which can greatly alleviate people's repayment pressure. So how to loan housing provident fund? Next, let's take a look at how the provident fund is loaned.
Housing provident fund loan process:
loan application
If a lender wants a provident fund loan, the first step is to go to the bank to submit a written application and fill out an application for housing provident fund loan. If the loan application materials are complete, the bank will transfer the applicant's loan application to the provident fund management center. Among them, the materials required for the loan include the purchase contract, the down payment receipt of the purchase, and the household registration book. If the lender is married, the original and photocopy of the marriage certificate, the identity cards of both husband and wife, etc. It is also necessary.
preliminary examination/check
After receiving the loan application, the housing provident fund management center will conduct a preliminary examination of the submitted application materials, including the applicant's loan amount, loan term and loan qualification. If the applicant meets the loan conditions in all aspects, the housing provident fund management center will issue a notice of mortgage review and evaluation.
estimate
The Lender carries the Notice of Collateral Examination and Evaluation to the designated evaluation institution to evaluate the purchased house.
audit
The loan applicant presents the appraisal report issued by the appraisal agency and the preliminary examination materials of the provident fund center to the management center for review, and the provident fund management center will review the materials of the lender within 10 working days and make a decision on whether to approve the loan. After the approval, the management center will issue the Notice of Investigation on Entrusted Loans of Housing Provident Fund Management Center.
guarantee
After the re-inspection is successful, the lender shall choose a guarantee method acceptable to him to handle the guarantee formalities.
sign a contract
After the applicant pays the required items with the Personal Housing Provident Fund Loan Acceptance Form of the guarantee company, the lender and the bank can sign a contract, and the bank will sign a guarantee contract and a loan contract with all loan applicants and guarantors respectively.
:: Issuance of loans
After the loan formalities are completed, the bank will directly transfer the loan to the seller's designated account in the bank.
This is probably the loan process of housing provident fund. After the loan is approved, the lender needs to repay the loan on time every month according to the repayment method agreed in the loan contract. If repayment is to be made in advance, it must be completed one year later, and the lender needs to apply to the bank for settlement 10 working days in advance.
Conditions to be met for provident fund loans:
The first restriction of provident fund loan is that the lender needs to continuously deposit the provident fund for more than 6 months, and the provident fund is in a normal deposit state when applying for a loan. If the provident fund has been broken in the process of payment, 1 year can be repaid no more than three times. After successful payment, you can apply again.
Lenders and family members have no outstanding provident fund loans and discount loans. If a family member has applied for a provident fund loan, neither husband nor wife can apply for a provident fund loan again without paying off the provident fund loan. Because the provident fund is the state's financial support for the basic housing needs of workers' families.
Another limitation of provident fund loans is that it does not affect the lender's repayment ability of provident fund loans. Lenders cannot have other large outstanding debts, so applying for provident fund loans also needs to ensure the lender's repayment ability. Therefore, the general lender who applies for provident fund loans must have a stable job, a stable source of income and a certain repayment ability, otherwise the housing provident fund cannot operate safely.
In addition, provident fund loans have a loan term limit, and the longest loan leave cannot exceed 30 years. If it is a portfolio loan, the loan term of commercial loan and provident fund loan should be the same.
Repayment method of provident fund loan:
1. Equal repayment of principal and interest
Matching principal and interest means that the monthly repayment of principal and interest by the lender is certain, but the monthly repayment of principal will increase month by month, while the corresponding loan interest will decrease.
2. Equal principal repayment
Average capital means that the monthly repayment of the principal by the lender is fixed, while the monthly principal and interest are reduced.
Generally speaking, when making a housing provident fund loan, it is necessary to examine the applicant to see whether the applicant's loan qualification, loan amount and loan term meet the loan conditions. If you meet the requirements, you can get a loan. Compared with commercial loans, provident fund loans not only shorten the loan period, but also ease the repayment pressure, which is a very practical loan method. The above is my answer to how to borrow housing provident fund, hoping to help you.
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