Provident fund loans are summarized as follows.
Housing accumulation fund handling process:
1. The lender prepares relevant materials, fills in the loan application in the bank and submits the materials;
2. After receiving the application, the loan bank shall confirm and review the information;
3. After the audit, the lending bank will contact the lender and sign relevant contracts;
4. For bank loans, the lender shall fulfill the repayment obligations.
There are three repayment methods for provident fund loans:
1. One-time repayment method: withdraw the balance of the housing provident fund account and make one-time repayment. Many people repay their loans in this way after retirement. After repaying the loan, if there are still outstanding loans, the remaining loan principal and repayment period will be recalculated to determine the monthly repayment amount in the future;
2. Stop repaying the loan for several months: withdraw the balance of the provident fund account and repay the loan in advance. After repaying the loan in advance, the lender may stop lending for several months. (The time to stop repayment depends on the amount of repayment in advance, but it cannot exceed 12 months. After the repayment period ends, the lender shall continue to repay the loan on a monthly basis. The interest owed during the suspension period is not subject to penalty interest or compound interest, and will be deducted from the monthly repayment after the suspension period. Some property buyers have changed their income at a certain stage (such as illness, childbirth, unemployment, etc.). ), and they often use this method to repay the loan;
3. Monthly repayment method: directly withdraw the provident fund from the provident fund account every month to repay the loan. When the amount of housing provident fund withdrawn is insufficient, the lender shall make up the repayment amount in time.
Two, how to use the provident fund to repay the loan and the repayment method of the provident fund loan.
Compared with commercial loans, using provident fund loans to buy a house can enjoy more favorable loan interest rates, so many property buyers have to use provident fund to repay the loan. What are the repayment methods of provident fund loans and what should I pay attention to? Bian Xiao has made the following arrangements for you.
Loan process
1. The gold loan shall be submitted to the bank in written form, and the Application Form for Housing Provident Fund Loan shall be filled in, and the following materials shall be truthfully provided:
(Housing provident fund deposit certificate;
(two) the identity certificate of the applicant and his spouse (referring to the valid proof of residence such as resident identity card and permanent residence booklet) and marital status.
(3) proof of stable family income and other proof of creditor's rights and debts that have an impact on repayment ability;
(four) the purchase of housing contracts, agreements and other valid documents;
(5) List of collateral, pledge, ownership certificate and mortgage certificate, and mortgage appraisal certificate issued by relevant departments;
(six) other information required by the provident fund center.
2. For the loan application with complete information, the bank will accept the review in time and submit it to the provident fund center in time.
3. Inform the bank of the approval result in time.
4. According to the examination and approval opinions of the provident fund center, the borrower and his wife sign a loan contract and related contracts or agreements with the bank, and send the loan contract and other procedures to the provident fund center for review. After the approval of the provident fund center, the entrusted loan funds will be transferred, and the entrusted bank will issue loans accordingly.
5. The real estate management department where the house is located shall handle the mortgage registration formalities, and the mortgage contract or agreement shall be signed by both husband and wife and kept by the securities quality management department or the joint center.
According to the loan contract signed by the loan bank and the borrower, the borrower should repay the loan on a monthly basis in the month after the loan is issued. There are two specific ways, which are chosen by the borrower:
1, monthly 1-20 to the lending bank.
2. Entrust the loan bank to withhold and remit. The borrower and the loan bank sign a withholding repayment agreement and apply for a personal repayment savings card. The borrower can make a one-time prepayment or pay the full amount twice a month, and the bank can directly deduct the money from the borrower's savings account.
The borrower can repay all the loan principal and interest in advance, or repay part of the loan principal in advance.
1. Repay all the days actually occupied by the loan in advance, and re-check the remaining loan principal and interest of the borrower.
2. Repay part of the loan principal and interest in advance, and the loan bank recalculates the borrower's monthly repayment amount or loan term according to the remaining loan principal.
Beware of misunderstanding
In view of the fact that many property buyers will not set a fixed repayment amount like commercial loans, they will only ask lenders not to be lower than a certain minimum repayment amount. For example, provident fund loans will only require the lender to repay at least 1.344 yuan per month, and many lenders often only need to repay 1.344 yuan. But in this way, when the lender repays the last month's loan, he will find that there are still more than 47,000 yuan of loan principal outstanding, which eventually leads to great pressure on the final repayment.
(The above answers were published on 20 13-02-06. Please refer to the current actual purchase policy. )
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Third, how can the provident fund repay the mortgage?
First of all, answer directly.
There are two main ways to repay mortgage with housing provident fund.
Second, the specific analysis
1, monthly fee: that is, the corresponding amount is deducted from the housing provident fund account of the mortgage every month to offset the principal and interest payable in the current month.
2. Annual mortgage: that is, the balance is deducted from the housing provident fund account of the mortgage once a year to offset the principal payable.
Need attention: 1. To handle the repayment of provident fund hedging loans, it is necessary to prepare the purchase contract filed by the real estate administrative department, the housing loan contract signed with the bank and the repayment certificate issued by the bank.
2. In many areas, it is stipulated that the balance of the housing provident fund account of the mortgage must reach 12 times of the monthly repayment amount of the mortgage before hedging repayment can be made.
3. Even if you apply for a mortgage and apply for the provident fund hedging loan repayment business at the same time, after the mortgage is approved, you still need to repay it with your own funds in the first month, and you can start the provident fund hedging loan repayment in the next month.
4. The monthly repayment method is selected for the hedge repayment of provident fund. If the account balance is insufficient to pay the principal and interest payable in the current month, the bank will deduct the money from the repayment bank card to complete the repayment.
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3. Is there a penalty for mortgage payment 30 years in advance?
Whether to charge liquidated damages for prepayment of 30-year mortgage depends on the specific situation, mainly depending on the regulations of the mortgage handling bank.
For example, many banks will stipulate that they must repay in installments on time according to the repayment plan agreed in the contract before they can repay one year in advance. If they operate less than one year in advance, they will be charged a certain penalty.
In this regard, if it happens that you applied for prepayment a year ago, you naturally need to pay liquidated damages; And if it has been over a year, it is estimated that there is no need to pay liquidated damages.
It should also be noted that some banks will extend the time for collecting liquidated damages to three years. If the prepayment is less than 1 year, 3% of the prepayment amount will be charged as liquidated damages; /kloc-If prepayment is made within 0/to 2 years, 2% of prepayment amount will be charged as penalty; In case of prepayment within 2 to 3 years, 1% of prepayment amount shall be charged as liquidated damages; If you repay in advance after 3 years, there will be no liquidated damages.
Of course, some banks directly charge interest for several months as liquidated damages.
If you want to know the specific charging standard, you can directly call the customer service staff of the handling bank.
4. Which repayment method is better for provident fund loans?
Free repayment method is the most suitable and saves the most interest. There are three repayment methods for housing provident fund loans:
1. Equal principal and interest means that the same amount of loan (including principal and interest) is repaid every month during the repayment period.
Second, the average capital refers to the repayment period, the total loan is divided into equal parts, and the same amount of principal and the interest generated by the remaining loans in the month are repaid every month. As a result, the monthly repayment amount is fixed and the interest is less and less, and the borrower is under greater repayment pressure at first, but with the passage of time, the monthly repayment amount is less and less. Third, free repayment means that when a borrower applies for a housing provident fund loan, the housing provident fund management center gives the minimum repayment amount according to the borrower's loan amount and term. In the future, the borrower can freely arrange the repayment method of the monthly repayment amount on the premise that the monthly repayment amount is not lower than this minimum repayment amount according to his own economic situation. The calculation formula of the minimum repayment amount is: the total loan amount × the minimum monthly repayment amount per 10,000 yuan corresponding to the loan term = the minimum monthly repayment amount of the borrower. Fourth, the free repayment method is the most suitable. If you have money, you can pay more and save interest. But not all cities support free repayment. Please consult your local provident fund management center.