For office workers, a very important welfare is five insurances and one gold. Insurance can provide protection for yourself, and the provident fund can borrow money to buy a house. Now the scope of application of provident fund is wider. If there is a decoration demand, it can be extracted and used if it meets the conditions. So how can the provident fund apply for a decoration loan? Let's briefly introduce it today.

First, the provident fund renovation loan conditions

The policies in each region are slightly different. I suggest you check the policies of the local provident fund housing management center first. Generally speaking, you need to meet the following conditions:

1, with a valid ID card or permanent residence, the professional income must be stable and have the ability to repay the loan;

2. The age of the renovation loan is less than 15, and the housing area is more than 70 square meters;

3. There is no outstanding provident fund loan under the personal account. If the provident fund renovation loan is not settled, you cannot apply for a new provident fund loan;

4. After users apply for decoration, they can see whether to sign a contract with the decoration company according to their own needs.

Second, the provident fund renovation loan process

1. Sign a house purchase contract with the house selling unit and prepare materials to apply to the bank;

2, bank audit, send the data to the provident fund management center for approval;

3. Sign the renovation contract and go through the mortgage insurance formalities;

4. If the bank lends money, the borrower can repay it in time.

Note: there must be a continuous provident fund, and the higher the amount, the better. If there are outstanding loans in other banks or platforms, such as mortgages and car loans, it may affect the loan amount or approval efficiency. Individual housing meets the architectural design standards stipulated by the municipal provident fund management center in order to obtain the approval quota.