Shanghai provident fund loan can be used twice. A family (including singles) can only use two housing provident fund loans to buy self-occupied housing. Family members and their spouses have used housing provident fund loans before or after marriage, and two or one of them has used them twice, so they will not accept the third loan.
Application conditions:
1. Have a permanent residence in the town;
2. Before applying for a loan, it has been continuously and normally paid into the housing provident fund for 6 months;
3. The borrower's family has no outstanding housing provident fund debt;
4. Construction and renovation of owner-occupied housing shall provide the "Construction Project Planning Permit (sporadic)" issued by the municipal and district planning departments. Housing renovation in shanty towns should provide approval documents such as supervision and repair orders issued by the real estate department of this Municipality;
5. Self-raised funds for the construction, renovation and overhaul of owner-occupied housing shall not be less than 30% of the total project cost;
6. Sign a contract with the construction unit for the construction, renovation and overhaul of owner-occupied housing;
7. If the loan applicant cannot directly mortgage the house to the guarantee institution, it shall provide phased guarantee.
Shanghai provident fund loan process 1. Lenders applying for housing provident fund loans need to submit a written application to the bank, fill in the application form for housing provident fund loans and truthfully provide the required information;
2. For the loan application with complete information, the bank will accept the review in time and submit it to the Shanghai Provident Fund Center in time; Shanghai Provident Fund Center is responsible for approving loans and informing banks of the approval results in a timely manner;
3. The bank shall notify the applicant to go through the loan formalities according to the approval result of the provident fund center, and the borrower and his wife shall sign a loan contract and related contracts or agreements with the bank, and send the loan contract and other formalities to the provident fund center for review. After the approval of the provident fund center, the entrusted bank will allocate the entrusted loan funds, and the entrusted bank will issue the loan in full and on time according to the loan contract.
4. If the house is secured by mortgage, the borrower shall go through the mortgage registration formalities at the real estate management department where the house is located. If the mortgage contract or agreement is signed by both husband and wife and pledged by securities, the borrower shall hand over the securities to the management department or the joint center for safekeeping.