It is not suitable to use provident fund loans to buy a house. Usually using housing provident fund loans to buy a house is in violation of the regulations on housing provident fund management. Housing provident fund management regulations can only be used to buy or build houses where individuals live, and provident fund can be used for loans.

legal ground

Article 26 of the Regulations on the Management of Housing Provident Fund stipulates that employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.

Housing provident fund loans to buy a house cost-effective?

Very cost-effective.

Bank commercial loans to housing provident fund loans need to meet the following conditions:

1, the loan applicant meets the general housing provident fund loan conditions;

2. The loan applicant has obtained the house ownership certificate and the state-owned land use certificate of the purchased house;

3. The original commercial loan must be a house purchase loan and there is no debt for more than two months at the time of lending.

The difference between commercial loans and provident fund loans;

I. Different sources of funding

Personal loan of housing provident fund is a kind of housing security loan for buying self-occupied housing, which is based on housing provident fund and is issued to employees who pay housing provident fund. This is a non-profit policy loan. Commercial loans are transactions in which real estate is used as collateral to obtain one-time loans from banks and other financial institutions. It is a loan method approved by commercial banks for profit.

Second, the loan object is different.

Housing provident fund loan object should have full capacity for civil conduct, pay the provident fund in full monthly for more than 6 months, have a stable occupation and income, have the ability to repay the loan principal and interest, have a good personal credit status, agree to provide loan guarantee approved by the center, and recognize the terms of the loan contract. The object of commercial housing loan is a natural person who has passed the credit investigation and has the ability to repay. Generally speaking, people with good credit and strong repayment ability can apply for commercial loans.

Third, the loan procedures are different.

The procedures of provident fund loans are complicated, and applicants need to provide relevant information to the counter of provident fund center for review and acceptance. The staff at the central counter will input the application information into the loan system of the provident fund center, investigate and verify the application, then determine the loan amount, term and guarantee method according to the information provided by the borrower and the investigation, sign the contract and go through the mortgage or pledge procedures, and finally issue the loan. Commercial loans can be handled by the borrower directly providing relevant materials to relevant banking institutions or developers who have signed cooperation agreements with banks after signing the purchase contract.

Fourth, the repayment methods are different.

The repayment methods of provident fund loans are relatively simple, mainly matching principal and interest and average capital. In addition, provident fund loans only have one opportunity to repay in advance. Commercial loans have a variety of repayment methods to choose from, and they are more free and flexible in prepayment. General commercial loans can be repaid in advance every year after one year.

Fifth, the cost is different.

Housing provident fund housing loans generally only need guarantee fees and evaluation fees. Commercial banks generally need attorney fees and insurance premiums for housing loans. For commercial loans, law firms are entrusted to conduct credit investigation on borrowers, and lawyers charge 4‰ lawyer fees, while provident fund loans do not require individuals to pay lawyer fees.

Xuzhou introduced a new provident fund policy. Is it appropriate to buy a house with provident fund now?

I think if everyone has a stable job and the provident fund is enough to repay the mortgage, then it is definitely appropriate to use the provident fund to buy a house. Of course, if everyone's income is unstable, the provident fund is relatively small, and there is no way to repay the mortgage, then everyone had better wait. Xuzhou introduced the latest policy of provident fund, and the down payment ratio of provident fund was lowered. If it is the first time to buy a house with a provident fund loan, the down payment ratio was originally 30%, but now it is adjusted to 20%, and the down payment for second-hand houses is also adjusted from 40% to 30%.

It seems that this policy will be tried out in Xuzhou for one year, and if appropriate, it will be adopted later. Young people nowadays pay great attention to buying a house. For many people, having a house is equivalent to having a home and a sense of security. Especially those young people who work outside the home, it is a great sense of accomplishment to pay the down payment and buy a small house of their own. However, the housing prices in every place are not very cheap, so most young people choose to pay the down payment first and then repay the loan with their own provident fund.

This is a more suitable way to buy a house, and it is also more common now. Now Xuzhou has also released the latest policy on provident fund, and many people also want to know, is it appropriate to buy a house with provident fund now? I think it is more appropriate, because now the housing market is also being regulated, and the down payment ratio has also decreased, so the pressure on everyone to buy a house will be reduced. Of course, if you pay less provident fund and your job is not so stable, I suggest you don't rush to buy a house, otherwise you may have no money to repay the loan.

If everyone's provident fund is high enough to repay the loan, then everyone can take this time to consider whether to buy a house. After all, the house will not depreciate, but if you buy a house, you'd better buy an existing house, because there may be hidden dangers in the auction.

Is it appropriate to buy a house with a provident fund loan of 900 thousand yuan

Yes, the interest rate of provident fund is lower than that of commercial loans, and there is not much difference in a short time, but the mortgage is often 30 years, which can make a difference for a car. The problem is that in many cities, even couples can only borrow 800,000 yuan from the provident fund. So you need to find out whether you can get a loan of 900 thousand. If you can get a loan, it's best. If you can't get a loan, you can also get a combined loan.

Is it cost-effective to buy a house with provident fund loans? Main advantages and disadvantages inventory!

The vast majority of office workers, the company will buy provident fund on time every month. If they have plans to buy a house, they can use a loan to buy a house. Many young people don't know much about provident fund loans, bank commercial loans and portfolio loans. It is not clear whether it is cost-effective to buy a house with a provident fund loan. Let's briefly introduce it today.

First, the advantages of provident fund loans

1. Compared with commercial loans, provident fund loans can save tens of thousands of yuan in interest expenses;

2. The repayment time of provident fund loans will be shorter, which also reduces the repayment interest to some extent;

3. The repayment method of provident fund is more flexible, which brings convenience to property buyers. As long as the monthly repayment amount is not lower than the lower repayment amount, buyers can determine the monthly repayment amount at will, thus reducing the economic pressure of buyers.

Second, the shortcomings of provident fund loans

1, the loan amount is limited, generally low, and the loan amount limit is different in each city. If you buy a relatively high-priced house and apply for a provident fund loan, then buyers will have to pay more down payment, which will put more pressure on buyers.

2. There is a time requirement for the deposit of provident fund. It is not that you can apply for a loan after paying the provident fund, but you need to meet the requirements of the deposit time. If you don't have enough time to pay, you can't apply for a loan. If you want to apply for a provident fund loan, it is best to pay the provident fund for more than one year.

To sum up, provident fund loans are, in the final analysis, a better way to buy a house. Now the state encourages users who just need to buy a house, and those who meet the conditions can enjoy many preferential policies. I suggest you go to the local provident fund center to ask about the specific situation.

Is it cost-effective to pay your own provident fund to buy a house?

High cost performance. In fact, the ultimate goal of paying provident fund is to make loans, so what is the difference between provident fund loans and commercial loans? The commercial loan interest rate is over 6: 00, and the provident fund loan is only 3.25%, which really saves a lot of money (the same loan is 700,000, and the commercial loan is about 470,000 more than the provident fund loan). These can be said to be the most cost-effective points for individuals to pay the provident fund.

It is more cost-effective for individuals to pay the provident fund. The monthly deposit amount of employee housing provident fund is the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.

If the local housing provident fund agrees to pay in full, it is still ok if you have sufficient personal funds. There is nothing good or bad, because it depends on your own needs, because your purpose is to get a loan from the housing provident fund. Secondly, the contribution rate does not exceed 12%, and there is no need to pay taxes, so the housing provident fund loan interest rate is the lowest. Therefore, loans are beneficial.

1. Pay the provident fund in full:

Paying the provident fund in full means that the company or individual undertakes to pay the provident fund in full. At present, companies and individuals generally pay according to 1: 1. And many people will need to pay the provident fund in full for one reason or another. In addition, there are some companies whose benefits may be better and will help you pay the provident fund in full.

: how to use the provident fund to buy a house?

Before deciding to use the provident fund to buy a house, you should first choose the house you want to buy and ask the developer if he supports the provident fund to buy a house. If it is a provident fund loan to buy a house, you need to ask which bank's provident fund loan the developer supports. Only the first set of housing is applicable to the provident fund to buy a house and apply to the unit or company. Units or companies declare to the housing provident fund management center, apply for loans at designated banks after approval, and then wait for the bank's approval. After the examination and approval, provide the required materials such as the purchase contract and the certificate of no room (if married, both parties' marriage certificates are required) to the bank for face-to-face signing, and apply for a first-class loan repayment account card.

Legal basis: Regulations on the Management of Housing Provident Fund

Article 16 The monthly deposit amount of employee housing provident fund shall be the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.

Seventeenth new employees began to pay the housing provident fund from the second month of work, and the monthly deposit amount was the employee's own salary multiplied by the employee's housing provident fund deposit ratio. The newly transferred employees of the unit shall pay the housing provident fund from the date when the transferred employees pay their wages, and the monthly deposit amount shall be the employee's monthly salary multiplied by the employee's housing provident fund deposit ratio.

Is it appropriate to buy a house with provident fund loans? Let's stop here.