Very supportive of you! This is definitely the overlord clause! Suppose I mortgaged my house to the bank (in essence, this loan should be mortgaged to the provident fund center). How much insurance do I need to pay? The bank didn't send it again. What kind of mortgage do you need? What's more, I don't need insurance, and I charged a large service fee! If the lender is required to insure itself, it can only be insured, otherwise it is compulsory insurance. That's because I'm afraid the power will go out when the house arrives. That's why I need an insurance company to insure me. I'm not even insured now. It is even more unreasonable to say that the bank is afraid of an accident in the mortgaged house and the lender finally takes advantage, and it is even more unreasonable to do insurance after mortgage. Because the borrower is afraid that the bank will go bankrupt, the lender will also suffer losses. Does the lender also need the bank to pay an insurance premium for the lender as a joint guarantee? Is there an end to this connection? Is the bank afraid that I won't give money? No, because it has my mortgaged property, so it need not be afraid. So this insurance is not clear to the body, so I simply paid it. And it is said that, in the original words, the insurance premium is slightly lower. Now provident fund loans are insured in designated insurance companies, and the insurance premium is much higher. If it weren't for the financial crisis in the past two years, the insurance premiums of provident fund loans in various places have been greatly discounted and subsidized. This cost is already very large, that is to say, if it is subsidized now, it will be unnecessary expenditure for the lender. I hope to get the attention of the upper level. .
Second, I would like to ask you, do you have to pay insurance for housing provident fund loans?
Hello! Provident fund loans pay guarantee fees, portfolio loans and commercial loans pay insurance premiums! This fee must be paid, and it must be handed over to the bank to lend money! This kind of insurance means that during the loan period, if there is a fire, earthquake and other natural disasters and the property is gone, the bank loan will be compensated by the insurance company. In addition, if the lender has an accident or dies during the loan period, the loan will not be transferred to relatives, and the insurance company will also compensate! Banks also want to ensure that the loan funds can be recovered. So insurance must be bought. Otherwise, the guarantee fee paid by the provident fund loan that the bank does not lend will also play the role mentioned above, but the responsibility lies with the guarantee company, not the insurance company!
3. Why should I pay the insurance premium for the provident fund loan?
If China Bank in Guangdong Province (except Shenzhen) applies for individual housing provident fund loans, whether it is necessary to purchase insurance when handling them shall be implemented in accordance with the relevant provisions of local individual housing provident fund loans. In portfolio loans, whether it is necessary to purchase insurance for commercial personal housing loans shall be implemented in accordance with the relevant provisions of personal commercial housing loans. Because there are differences in policies and requirements for individual housing provident fund loans in housing provident fund management centers around the country, you need to consult the provident fund loan business outlets in detail or consult the local provident fund management center. The above contents are for your reference. Please refer to the actual business regulations. If you have any questions, please contact online customer service of Bank of China. You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GOAPP to handle related business.
Four, the insurance premium of provident fund loans
Provident fund loans do not have to pay insurance premiums, but they have to pay guarantee fees. This ratio can be calculated by looking up a table. For a 25-year loan, the premium payable per ten thousand yuan is 206.9, multiplied by 20, which is equal to 4 138. This is your guarantee fee.