It will take about a month for provident fund loan approval. The provident fund loan will be disbursed within two weeks after it is approved. After the provident fund loan is approved, it cannot be disbursed for the time being. After passing the review, the borrower still needs to go to the handling bank to sign a loan contract, and then go through mortgage registration and other procedures. After all procedures are completed, the handling bank will disburse the loan in about one to two weeks. Generally, the loan amount will be transferred directly to the account designated by the developer.

What are the conditions for a provident fund loan?

To apply for a housing provident fund loan, you need to meet the following conditions:

1. The provident fund account has been established for more than 12 months (inclusive), and it is sufficient The normal amount of provident fund payment must reach a certain period of time. Some areas require 6 months (inclusive), and some require 12 months (inclusive). There will be differences in different places;

2. The applicant must be 18 years old. Above, men must be no more than 65 years old, and women must be no more than 60 years old;

3. The applicant has full capacity for civil conduct, the ability to repay the principal and interest of the loan, and a good credit standing;

4 , the applicant has paid the down payment for the house purchase as required;

5. The applicant provides a guarantee that meets the bank's requirements;

6. Meets other conditions required by the local provident fund center.

What materials are required for a provident fund loan?

A housing provident fund loan means that the local housing provident fund management center uses the housing provident fund paid by employees and their units and entrusts a commercial bank to deposit the housing provident fund to House mortgage loans issued to current employees and retired employees who paid housing provident funds during their employment.

Original and copy of ID card, household register, marriage certificate, original developer registration form, house purchase contract, payment certificate, family housing registration certificate, income certificate, deposit certificate, etc.

Article 26 of the "Housing Provident Fund Management Regulations" stipulates that employees who have paid housing provident funds can apply for housing provident fund loans from the Housing Provident Fund Management Center when purchasing, constructing, renovating, or overhauling their own homes. . The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant; if the loan is granted, the entrusted bank shall handle the loan procedures.