Personal application for provident fund loan process:
1. The lender prepares relevant materials, fills in the loan application at the bank and submits the materials.
Two, the loan bank to confirm and review the information after receiving the application.
Three, after the approval, the loan bank contact the lender, sign the relevant contract.
Four, after the bank loan, the lender to fulfill the repayment obligations.
Workers who have paid housing provident fund may apply for housing provident fund loans from the housing provident fund management center when purchasing, constructing, renovating or overhauling their own houses. The housing provident fund management center shall, within 05 days from the date of accepting the application, make a decision on whether to grant the loan or not, and notify the applicant; If the loan is granted, the entrusted bank shall handle the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center. Applicants who apply for housing provident fund loans shall provide guarantees.
Article 6 of the Civil Code stipulates that civil subjects should follow the principle of fairness in engaging in civil activities and reasonably determine the rights and obligations of all parties.
Provident fund loan amount refers to the maximum loan amount that an individual can apply for when using provident fund loans. Only employees who have permanent residence in local towns, have established the housing provident fund system for more than 6 months and paid the housing provident fund according to regulations can enjoy the provident fund loan when the funds for buying or building houses or renovating or overhauling their houses are insufficient.
The calculation of the loan amount of provident fund should be determined according to four conditions: repayment ability, the proportion of housing price, the balance of housing provident fund account and the maximum loan amount, and the minimum value calculated by the four conditions is the maximum loanable amount of the borrower.
The interest rate of provident fund loans is adjusted and released by the People's Bank of China. Since August 26th, 2005, the People's Bank of China has lowered the benchmark interest rates for RMB loans and deposits of financial institutions. The deposit and loan interest rates of individual housing provident fund will be adjusted accordingly. After adjustment, the annual interest rate of individual housing provident fund loans is 2.75% for five years or less and 3.25% for more than five years.
Under the same loan amount and repayment period, provident fund loans can save tens of thousands of yuan of interest than commercial loans. Take a 400,000 house as an example, with a loan of 280,000. If the term of the commercial loan is 25 years, the monthly repayment is 172 1 yuan, the total payment for 25 years is 5 16300 yuan, and the total interest paid is as high as 236,300 yuan. For the same provident fund loan with a service life of 25 years, the monthly repayment is 1548 yuan, the total repayment within 25 years is 464,400 yuan, and the total interest paid is1844,400 yuan. Compared with commercial loans, the monthly payment can be reduced by 1.733 yuan, and the interest expense can be saved by nearly 5 1.90 yuan in 25 years.
How to borrow provident fund
Housing provident fund loan process
1 Get the Application Form for Provident Fund Loan, or download it yourself in official website. After completing it, submit all relevant personal materials and certificates to the Provident Fund Management Center to apply for a provident fund loan;
After accepting the application, the provident fund management center will investigate and verify all the materials, risks and personal credit information provided by the applicant to see if they meet the loan requirements;
3. After the approval of the provident fund management center, the entrusted bank will transfer the funds to the center according to the qualified application procedures;
The bank transfers all loan funds to the developer's account according to the contract.
It should be noted that if the amount of provident fund loans is not enough, the rest can apply for commercial loans, so the main body of commercial loans is banks. Whether the applicant can meet the requirements of the bank mainly depends on the individual's repayment ability.
What is the down payment ratio of provident fund loans?
Provident fund loans also need to pay the down payment, and the down payment cannot be made up by withdrawing the money from the provident fund. The down payment ratio for purchasing the first home with provident fund loan is at least 30%, and the loan interest rate is the benchmark interest rate for personal housing provident fund loan; If the purchaser owns a house 1 set in the name of a family in this city and uses the provident fund loan to purchase a house again, the down payment ratio of the provident fund loan shall be no less than 70%, and the loan interest rate shall be 1. 1 times the benchmark interest rate of the individual housing provident fund loan. Suspension of personal housing provident fund loans to families who purchase third and above houses.
The process of housing provident fund loan is actually very simple. The most important step is the approval of the provident fund management center, which takes a long time, about two or three months, because the applicant will be comprehensively evaluated.
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Provident fund loan process
The provident fund loan process is as follows:
1. The borrower submits personal application materials to the bank window of the loan service hall, which is accepted and reviewed by the bank, and then submitted to the center for review.
2, the center for examination and approval, agreed to the loan, the guarantee company review, go through the guarantee formalities, and pay the guarantee fee.
3. The borrower returns to the bank window to sign the loan contract, go through the notarization formalities at the notarization window and pay the notarization fee.
4. Wait for the bank's notice, get the loan contract and loan voucher, and start repayment according to the contract.
First, make full use of the provident fund loan amount.
Provident fund loan is a preferential loan policy supported by the state. As long as the loan conditions are met, the provident fund loan amount should be used as much as possible. From the perspective of investment and financial management, loans to buy a house should maximize the use of provident fund loans. After 20 12, some cities relaxed the conditions of provident fund loans, and lenders should pay attention to the changes of relevant policies in their regions in time.
Second, use the total service life of the provident fund.
Because the interest rate of provident fund loans is lower than that of commercial loans, it is necessary to reasonably set a longer term of provident fund loans and a shorter term of commercial loans in portfolio loans. If the husband and wife are similar in age, the husband can act as a lender and apply for a loan for a long time; If there is a big age difference between husband and wife, let the younger one be the lender and apply for a provident fund loan with a long term.
The third is to reasonably determine the order of provident fund loans.
For the purchase of the first suite, we should follow the order of provident fund loans before commercial loans, and we can fully enjoy the preferential interest rate policy of provident fund loans. For investors who want to buy a second suite, they should first use commercial loans to buy the first suite, and then use provident fund loans to save interest expenses.
Fourth, reasonably determine the repayment amount.
The repayment method of provident fund loans is extremely flexible. As long as the monthly repayment amount is not lower than the "minimum repayment amount", the borrower can determine the repayment amount at will, but it should be determined reasonably to avoid excessive pressure on the final repayment.
Fifth, offset the most economical interest rate at one time.
For buyers who have a large balance in the provident fund account and have little pressure on cash expenditure at the initial stage of the loan, they can choose to use all the balance in the provident fund account to offset the loan principal. In this way, the repayment amount of interest will show a decreasing trend, which can help buyers save a considerable amount of money.
Sixth, flexible use of provident fund.
In addition to loans, the provident fund can also be used for the purchase, construction, renovation and overhaul of owner-occupied housing. The interest on the provident fund is relatively low. If you don't withdraw it, you can only get it when you retire, so you should try your best to play its due role.
How to borrow personal provident fund?
Personal provident fund loan process:
1, loan application.
2. The provident fund center accepts loans.
3. Loan approval. Make a decision on whether to grant the loan within five working days after confirming the acceptance;
4. Sign a mortgage loan contract.
5. Go through the mortgage registration formalities.
6. Loan review. After receiving the registration certificate of immovable property rights, the provident fund center will conduct a loan review;
7. Loan issuance. The entrusted bank issues loans according to the agreed loan conditions, and the loan funds are allocated according to the account agreed in the contract.
Second, the provident fund loan meets the conditions.
Provident fund loans need to meet the following five conditions:
1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who have not participated in the housing provident fund system cannot apply for housing provident fund loans.
2, to participate in the housing provident fund system to apply for housing provident fund personal housing loans must also be met, before applying for loans, the continuous deposit of housing provident fund for not less than six months.
3. If one spouse has applied for a housing provident fund loan, neither spouse may apply for a housing provident fund loan again before paying off the principal and interest of the loan.
4. When applying for a housing provident fund loan, the loan applicant must have a relatively stable economic income and the ability to repay the loan, and there are no other outstanding debts that may affect the repayment ability of the housing provident fund loan.
5. The term of the provident fund loan shall not exceed 30 years. For portfolio loans, the loan terms of provident fund loans and commercial housing loans must be the same.
Three, the provisions of the "Regulations" housing provident fund management
"Regulations on the Management of Housing Provident Fund" Article 26 When employees who pay housing provident fund purchase, build, renovate or overhaul their own houses, they can apply for housing provident fund loans from the housing provident fund management center. The housing provident fund management center shall, within 05 days from the date of accepting the application, make a decision on whether to grant the loan or not, and notify the applicant; If the loan is granted, the entrusted bank shall handle the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.
What is the specific process of provident fund loans? The more detailed, the better.
First, the individual housing provident fund loan processing process:
1. The applicant brings information to the management center for consultation, application and filling in the application form;
2. After approval, the Center will issue a power of attorney to the applicant;
3. After receiving the notice, the applicant will take all the originals to the bank to sign the contract, and at the same time go through the notarization formalities at the notary office;
4. The applicant should wait for the contract information signed by the house seller;
5. The applicant holds a secured loan contract (mortgage contract) to the real estate management office to wait for mortgage registration;
6. The applicant holds the registered loan contract (mortgage contract) and notarial certificate to the housing provident fund service hall to receive the transfer notice, and finally goes through the transfer formalities at the bank with the transfer notice.
Two. Conditions for applying for individual housing provident fund loans:
1. The housing accumulation fund has been paid normally for more than one year, and the housing accumulation fund has not been withdrawn within one year before the loan application;
2. Purchase owner-occupied housing in the cities and towns of this Municipality, and have a purchase contract that complies with the law;
3. When employees apply for housing loans, they need to pay more than 30% of the house price in advance;
4. The borrower agrees to use the purchased house as the mortgage of the loan and handle the loan notarization procedures;
5. The borrower has a stable occupation, economic income and the ability to repay the loan principal and interest;
6. Other conditions stipulated by the management center.