How to withdraw housing provident fund loans after two loans in Shanghai

Withdrawal of housing provident fund loans in Shanghai needs to meet certain conditions. If you have taken out two loans, you need to meet certain conditions before you can withdraw the provident fund. These Conditions include: 1. You must be a Shanghai resident; 2. The balance of your provident fund account must be greater than your loan balance; 3. You must meet the withdrawal conditions stipulated by the Provident Fund Management Center.

The latest policies for housing provident fund loans in Shanghai

2022 personal housing provident fund loan policies

1. Determination of the number of loan packages:

1. If there is no housing or provident fund loan record in the city's name under the name of a municipal deposit-paying employee family, it will be recognized as the first home; if there is no home in the name of the family and there is a record of a provident fund loan, or there is already a home and meets the conditions for the second improved type , identified as a second set of improved housing loans. Those that meet the housing provident fund and property rights-guaranteed housing loan conditions are deemed to be first-time housing loans.

2. If there is no provident fund loan record in the name of the family of employees from other provinces and cities and no house in this city, it is deemed to be the purchase of the first home; there is one provident fund loan record in the name of the family in the country or If you already have one house in this city and purchase a second improved house, it will be deemed as purchasing the second improved house.

3. Stop providing provident fund loans to borrower applicants who meet the following conditions:

(1) Families of contributing employees who have had two provident fund loan records;

(2) Families of deposit-paying employees who purchase a second non-improved house.

4. Relevant requirements for determining the number of housing units when applying for a housing provident fund loan when purchasing a house for marriage:

The borrower or his spouse owns no more than 1 house with their parents*** before marriage. If the borrower or his spouse owns a property-right house with his parents before marriage, or the borrower and his spouse each own a property-rights house with his parents before marriage, it can be determined that the house in question is not a house with property rights. A house that belongs to the borrower’s family members. If the borrower has not yet established a marriage relationship and owns no more than one house with exclusive property rights to his parents, it can also be determined that the house found does not belong to the name of the borrower's family member.

Before confirming the number of units, the loan acceptance agency should inquire and confirm the housing registration information in the name of the family members of the borrower who applies for a housing provident fund loan through the Municipal Housing Condition Information Center. For a house with property rights owned by the borrower or the borrower's spouse and his or her parents, the property rights registration time should be earlier than the borrower's marriage registration time.

5. The scope of the applicant’s family is limited to the applicant, spouse and minor children.

2. Identification of Ordinary Housing:

According to Shanghai Ordinary Housing Standards: Ordinary housing is a single unit with a floor area of ??less than 140 square meters and the actual transaction price of a house within the inner ring road. The actual transaction price of houses between the inner ring and the outer ring is less than 3.1 million yuan/set, and the actual transaction price of houses outside the outer ring is less than 2.3 million yuan/set.

3. Down payment ratio:

1. For first-time housing loans, if the building area of ??the purchased house is less than 90 square meters (including 90 square meters), the down payment The ratio of down payment shall not be less than 20%; if the building area of ??the purchased house is more than 90 square meters, the down payment ratio shall not be less than 30%.

2. For a second improved housing loan, if the house purchased is an ordinary house, the down payment ratio shall not be less than 50%; if the house purchased is a non-ordinary house, the down payment ratio shall not be less than 50%. Below 70.

3. If you apply for a combination loan, you must also meet the down payment ratio requirements of the commercial loans in the combination loan.

IV. Loan Amount:

The provident fund loan limit shall meet the following limit standards at the same time:

1. No higher than the loan applicant’s, ***the same loan limit The loan limit is determined by the multiple of the balance of the applicant's housing provident fund account (the multiple of the balance of the basic housing provident fund account is 30 times, and the multiple of the balance of the supplementary housing provident fund account is 10 times);

2. The down payment shall not exceed the prescribed ratio of deduction The remaining total price of the house after funding;

3. Not higher than the loan limit determined by the applicant, *** and the loan applicant’s repayment ability (the loan applicant, *** and the loan applicant The monthly principal repayment of the provident fund loan shall not exceed 40% of the monthly salary base;

4. It shall not be higher than the maximum loan limit in this city:

(1) For the first set of funds recognized as For housing loans, the maximum loan limit for individuals is 500,000 yuan, and the maximum loan limit for families is 1 million yuan;

(2) For loans recognized as second set of improved housing, the maximum loan limit for individuals is 40,000 yuan Ten thousand yuan, the maximum loan limit for a family is 800,000 yuan;

(3) If the supplementary housing provident fund is paid, the maximum personal loan limit is increased by 100,000 yuan on the basis of the above limit, and the maximum loan limit for a family is within the above limit An additional RMB 200,000 will be added to the basic amount.

5. Other factors affecting the loan amount.

5. Loan period:

The maximum loan period is the minimum of the following:

1. The maximum provident fund loan period shall not exceed the applicant’s legal limit 5 years after retirement age (legal retirement age: 60 years old for men and 55 years old for women);

2. For purchasing a first-hand house, the provident fund loan period shall not exceed 30 years;

3. Purchase of second-hand housing:

(1) If the house purchased is less than 5 years old (inclusive), the provident fund loan period shall not exceed 30 years;

(2) ) If the age of the house purchased is between 6 years and 19 years, the provident fund loan period shall not exceed the difference between 35 years and the age of the house;

(3) The age of the house purchased is more than 20 years (inclusive) 20 years), the provident fund loan term shall not exceed 15 years.

VI. Loan interest rates:

1. For first-time housing loans, the provident fund loan interest rate is the personal housing provident fund loan benchmark interest rate announced by the People's Bank of China;

2. For a second set of improved housing loans, the provident fund loan interest rate is 1.1 times the benchmark interest rate for individual housing provident fund loans announced by the People's Bank of China.

7. Repayment method:

1. Equal monthly principal and interest repayment method: The total amount of loan principal and interest repaid by the borrower each month remains unchanged, but the monthly repayment The repayment method is that the loan principal increases month by month and the loan interest decreases month by month.

The formula is:

2. Equal monthly principal repayment method: The borrower's monthly principal repayment is fixed and the loan interest decreases month by month.

The formula is:

The Shanghai Provident Fund has been used twice and has been settled. Can I borrow another loan?

No, Shanghai Provident Fund stipulates that once a Provident Fund housing loan has been used twice, it cannot be refinanced and can only be used twice.

If the house you buy for the first time is only for short-term investment, or just for transition, and you plan to sell it in a few years, then do not use the provident fund. The provident fund loan interest is so low, and you can only enjoy it for a few years. It’s such a waste.

Many people have made this mistake. Nowadays, many people buy houses for investment or transition. You may sell a house after a few years. What a waste of provident fund loan benefits. If you later If you want to buy a house, but your provident fund has been used twice, the interest on other loans will be very high.

So don’t use provident funds easily when buying a house. First check whether you are buying a long-term house. There is no need to use provident funds for short-term houses. Only by buying a long-term house can the provident fund be "maximized". This is something that many investors and people who buy transitional houses need to pay attention to.

In Shanghai, I have 2 houses under my name and I have received two provident fund loans. Can I still buy a house?

You can buy a house, but you can no longer take provident fund loans. And business loans will also consider your income and debt ratio. So just use the full price and buy as much as you want.

Can the Shanghai Provident Fund only apply for two provident fund loans?

The Shanghai Provident Fund can apply for two provident fund loans, and the provident funds in other regions can also take out two loans.

In fact, no matter where the provident fund is deposited, if you want to apply for a provident fund loan, you can only borrow it twice.

In detail, if the employee continuously contributes to the housing provident fund to meet local requirements (for example, continuously contributes for more than six months), and the provident fund account is paid on time, the personal credit is good, and there is a stable income, it meets the requirements If the local house purchase conditions are met, you can directly apply for a provident fund loan.

But if you have already bought a house with a provident fund loan and want to apply for a provident fund loan again, you must first pay off the previous provident fund loan before you can apply for an office provident fund loan. The loan cannot be processed until it is repaid.

If you have already bought two houses with a provident fund loan, no matter whether the loan is paid off or not, the customer cannot use a provident fund loan to buy a third house. If you are married, the number of provident fund loans in your spouse’s name must also be counted.

Provident fund loans refer to loans enjoyed by employees who have paid housing provident funds. According to national regulations, all employees who have paid housing provident funds can apply for personal housing provident fund loans in accordance with the relevant provisions of provident fund loans.

Provident fund loans refer to personal housing provident loans. They are local housing provident fund management centers. They use the housing provident funds paid by employees who apply for provident fund loans to entrust commercial banks to purchase, build, renovate, and overhaul self-occupied housing. House mortgage loans issued to housing provident fund depositors and retired employees who paid housing provident funds during their employment. Employees who have paid housing provident funds for a certain period of time or more according to regulations (the period in each city is different, for example, it is more than 12 months in Changsha) can apply for provident fund loans when they have insufficient funds to purchase, build, renovate, or overhaul their own houses.

The conditions for the loan are: the unit’s current employees sign a labor contract for more than 3 years (or sign a 1-year labor contract for 3 consecutive years); pay the housing provident fund normally and continuously on a monthly basis for more than a certain period; do not exceed the legal limit Retirement age; the borrower has stable economic income and the ability to repay principal and interest; the borrower agrees to handle housing mortgage registration and insurance; provides a guarantee method agreed by the local housing fund management center and its affiliated center; and submits relevant documents required by the bank, such as House purchase contract or house pre-sale contract, house property ownership certificate, land use certificate, proof of provident fund deposit, etc.

Loan conditions

1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans.

2. Those who participate in the housing provident fund system must also meet the following conditions to apply for a housing provident fund personal home purchase loan: that is, they must have continuously paid and deposited the housing provident fund for no less than six months before applying for a loan. This is because if employees’ behavior of paying housing provident funds is abnormal and intermittent, it means that their income is unstable and risks will easily arise after the loans are issued.

3. If one spouse applies for a housing provident fund loan, neither spouse can obtain another housing provident fund loan before the principal and interest of the loan are repaid. Because housing provident fund loans are financial support provided to meet the basic housing needs of employee families, and are a type of "housing security" financial support.

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 must not have a large amount of outstanding debt that may affect the repayment of the housing provident fund loan. capacity for other debts. When employees are burdened with other debts, granting housing provident fund loans is very risky and violates the principle of safe operation of housing provident funds.

5. The maximum term of provident fund loans shall not exceed 30 years. When applying for a portfolio loan, the loan terms of the provident fund loan and the commercial housing loan must be consistent.

This concludes the introduction to Shanghai Provident Fund Loans twice and Shanghai Provident Fund Loan Quantity Inquiry. Did you find the information you need?