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Second House Provident Fund Loan Policy How to Get Provident Fund Loan

At present, many families not only have one house, but also plan to buy a second house, and most people need to apply for a loan. Relatively speaking, the interest rate of provident fund loans is more cost-effective, so if you plan to If you buy a second house, you must understand the policies related to provident fund loans for the second house. So let’s take a look at the provident fund loan policies for the second house. How to get provident fund loan?

Provide Fund Loan Policy for the Second Home

If the first home was purchased with a commercial loan and is being mortgaged, the provident fund loan can be used for the second home, and the down payment and other regulations are in accordance with the second home. For suite calculations, the down payment is lower than 50% and the interest rate is increased by 10%. If the loan for the first house has been paid off, whether it is a commercial loan or a provident fund loan, you can use the provident fund loan to purchase the second house. The relevant regulations will naturally be calculated according to the second house.

How to get a provident fund loan

1. 3 copies of the provident fund loan application approval form (fill out on-site at the local provident fund management center).

2. The borrower and his spouse’s household registration book, resident ID card, original marriage certificate and 3 copies; singles must provide the original single certificate and divorce certificate issued by the civil affairs department and 3 copies.

3. 3 original legal and valid house purchase contracts. Copies of the housing development unit's "Business License", "Commercial Housing Pre-sale License" (off-plan property), "Commercial Housing Sales License", "Completion Acceptance Certificate", and 3 copies of the large-scale housing certificate.

4. If a mortgage or pledge guarantee is involved, the original and 3 copies of the ownership certificate of the mortgage or pledge rights must be provided, as well as 3 original written certificates of the person with the right to dispose of the property agreeing to the mortgage (pledge). .

5. If a guarantee is involved, the guarantor needs to issue 3 original written commitments agreeing to provide guarantee and provide proof of the guarantor’s ability to guarantee (including business license, financial statements for the past three years, qualification level certificate, Credit rating certificate, etc.) 3 copies.

6. The original and 3 copies of the down payment documents (invoices, receipts, bank invoices, cash payment notes, etc.) that the borrower has paid for more than the specified proportion of the purchase price of the house.

7. After the above documents are prepared, the borrower shall go to the local provident fund management center in person with his ID card and household registration book to handle the loan procedures. If the property rights of the house belong to more than 2 people, they must be present at the same time.