Due to the sharp increase in the demand for housing provident fund in 20 18, the annual withdrawal and loan funds were nearly 2 billion yuan, and the personal loan rate reached over 80%, so the cash stock was seriously insufficient. The survey in the last two months of 20 18 shows that the loan demand in 20 19 exceeded 2 billion yuan, far exceeding the expected scale.
In the past, employees of enterprises paid the housing provident fund for more than six months, and they could apply for a loan of up to 500,000 yuan, which was very risky. Now, if the balance of individual housing provident fund account is less than 30,000 yuan, for example, only 1.5 million yuan, according to the calculation of 1.2 times, the maximum loan can only be 1.8 million yuan, and it must be guaranteed by employees of administrative institutions, which greatly ensures the safety of funds.
Extended data:
Borrowers 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 following information:
(a) the applicant and spouse housing provident fund deposit certificate;
(2) the identity certificate of the applicant and spouse (referring to the valid residence certificate such as resident ID card and household registration book) and the proof of 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, certificate of ownership, certificate of consent of the authorized person to mortgage and pledge, and certificate of collateral valuation issued by relevant departments;
(VI) The Provident Fund Center requires a third-party guarantor to provide a guarantee and pay the guarantee fee, and the borrower, the lender and the third-party guarantor * * * sign a tripartite contract.
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