Many people are paying the housing accumulation fund, which is a kind of housing welfare and can be used to borrow money to buy a house. Many people basically apply for provident fund loans for the first suite, but some people do not recommend using provident fund loans for the first suite. The general reasons are as follows:

1, there are geographical restrictions: provident fund loans can usually only be made in the place where the provident fund is deposited, and many places cannot achieve cross-regional loans to buy a house;

2. Restrictions on housing types: If you buy a house with provident fund loans, you can only buy housing types such as commercial housing, stock housing, housing reform housing, self-built housing, relocated housing and housing without housing property rights, and only support basic housing needs. If you want to borrow money for real estate speculation, it is not supported;

3. Slow lending: the procedures for buying a house with provident fund loans are complicated. After signing the contract, you should register the mortgage and wait for the bank to lend money. If the loan is issued slowly, the developer will pay back the money slowly, so some developers will not support the provident fund loan.

Tips: If the above reasons are not considered, it is still beneficial to use provident fund loans to buy a house. The interest rate of provident fund loans is lower than that of commercial loans in the same period, which can save interest and the down payment is relatively low. If you need funds, you can also log in to Ping An Pocket Bank APP- Finance-Loan-Housing Loan for details and try to apply.

Response time: July 20, 2020. Please refer to the latest business changes announced by Ping An Bank in official website.

[Ping An Car Owner Loan] A car can be loaned up to 500,000 yuan.

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