The consultation hotline of the Shanghai Provident Fund Center is 12329
Personal Housing Provident Fund Loans: The Housing Provident Fund Management Center uses housing provident funds to entrust commercial banks to purchase, build, renovate, overhaul self-occupied houses, Preferential loans issued by housing provident fund depositors who raise funds to jointly build houses.
Personal housing provident fund portfolio loan: refers to when the housing provident fund loan amount is not enough to pay for the house purchase, the borrower applies for a housing provident fund loan and at the same time obtains a commercial personal housing loan from the trustee bank. The two parts of the loan together constitute Portfolio Loans. Housing provident fund loans in portfolio loans are reviewed and approved by the management center, and commercial loans are reviewed and approved by the trustee bank.
The real estate developer signs a "Commercial Housing Mortgage Cooperation Agreement" with the management center and the trustee bank. The real estate developer will provide a periodic guarantee for the borrower and deposit a deposit at a certain ratio of the total loan amount, pending the title certificate. After the mortgage registration is completed, the guarantee liability ends and turns into a mortgage guarantee for the purchased house. The borrower submits a loan application to the management center. After approval, the trustee bank signs a loan contract with the borrower and goes through the payment procedures.
Personal Housing Provident Fund Replacement Portfolio Loan: After the bank first uses bank funds to issue a commercial housing loan to the borrower, the trustee bank then applies for a provident fund loan to the management center on behalf of the borrower. The borrower's provident fund loan limit is controlled within its basic provident fund loan limit and does not exceed 70% of the commercial housing loan amount, and its basic provident fund loan term is more than one year shorter than the commercial housing loan term.
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