How to handle the housing loan with provident fund
The borrower needs to submit a written application to the municipal housing provident fund management center, fill in the housing provident fund loan application form and truthfully provide relevant information. The municipal housing provident fund management center is responsible for reviewing the borrower's qualification, guarantor's qualification, loan amount and loan term, and after the contract is completed and agreed, the borrower signs relevant contracts or agreements with the center, and handles insurance according to the regulations of the People's Bank of China.
after the loan formalities are completed, the municipal housing provident fund management center will issue a loan approval notice to the bank. After receiving the loan notice, the bank will pay for the loan. It is especially reminded that when buying a house, the borrower will know the loan amount and monthly repayment amount by going to the bank to calculate according to the payment of his own provident fund. According to the relevant provisions of provident fund management, it is withdrawn once a year.
suppose that the customer withdraws 15, yuan of provident fund once a year, and the monthly repayment amount of provident fund loans is 1,5 yuan, and the repayment amount of commercial loans is 1 yuan. In terms of repayment method, the "balance-flushing loan method" can be selected, that is, the extracted provident fund will first be repaid to the principal and interest of housing provident fund loans and commercial loans in the current month (* * * is 2,5 yuan), and the balance of 12,5 yuan can be repaid to the principal of housing commercial loans in one lump sum. After paying off the principal of housing commercial loans,
how long does it take to lend money for a house loan
1. Generally, after signing a contract with a bank for a house mortgage loan, the bank will lend money. After an individual applies for a mortgage loan, most banks will lend money 1-2 months after signing the loan.
2. If the bank is short of money, such as applying for a loan at the end of the year, the time for lending will be slower, and it may take about 2-5 months.
3. How long the mortgage loan can be released depends on whether it is a commercial loan or a provident fund loan. If it is a commercial loan, generally speaking, the loan time is faster, and most loans can be made in 1-2 months.
4. If it is an applied provident fund loan, because the provident fund loan needs to be applied to the local provident fund management center, and then transferred to the local bank for loan processing, there are many formalities and procedures for approval, and the approval time is slow, but the loan time of the provident fund loan is even slower, and it usually takes about 2-6 months to release the loan.