What is the difference between housing provident fund loans and commercial loans?
A: The only advantage of provident fund loans is the low interest rate. There is no limit on the amount of commercial loans, no need to repay in advance, no geographical restrictions, and the loan time is faster than the provident fund. Therefore, in order to collect money as soon as possible, it is recommended that general developers use commercial loans.
I want to buy a house with a commercial loan. What is the specific process?
A: The first step: signing a contract to pay taxes is the first step in the process of buying a house with a loan. Sign pre-sale contracts and sales contracts; Pay the down payment according to the specific requirements of the developer; Pay stamp duty to the developer at 0.5% of the house price. Step 2: Submit the loan application for buying a house. The most complicated and important step in this process is to submit an application. Unlike housing provident fund loans to buy a house, commercial loans to buy a house should be filled out and submitted in accordance with the regulations.
(1) Fill in the application materials:
1, Application Form for Individual Housing Loan
2. Individual housing loan contract
3. Contract for holding the ownership certificate of the loan house.
4. Power of attorney
5. Power of attorney
Step 6 record the conversation
(2) Submit application materials:
1, ID card, household registration book, temporary residence permit, marriage certificate, education certificate and other relevant certificates of the applicant and spouse.
2. The original purchase agreement;
3. Proof of the applicant's family income and related assets, including payroll, personal income tax bill, income certificate issued by the company, bank deposit certificate, etc. Will be found in the process of understanding how to buy a house with a loan, just like the process of buying a house with a housing provident fund loan. After completing the above-mentioned loan purchase procedures, the application is completed, and then the bank is waiting for approval.
Step 3: Bank Audit According to the information provided by the lender, the bank will audit the lender's credit standing, loan amount and loan term. This step of the loan purchase procedure is dominated by the bank and is the key to the success of the loan application.
Step 4: After the bank approves the loan-related contract, it signs a series of contract documents with the lender. Most people think that after signing the contract, the process of buying a house with a loan is over. In fact, we have only completed most of the work in the loan purchase procedure, and there is still one step. Step 5: The lender repays the loan on a monthly basis. The last step of buying a house is to repay the loan. The whole process of buying a house with a loan is not really over until the date when the loan is fully returned.
Can commercial housing loans be converted into provident fund loans?
Hello, yes. But you need to meet the following conditions:
1. Your provident fund loan application place is in a normal deposit state when you apply for a loan.
2. The applicant or * * * the employer of the applicant has paid the housing accumulation fund for the borrower at least 1 month according to the regulations.
3. The applicant has a stable economic income and the ability to repay the loan.
(The above answers were published on 20 17-02-22. Please refer to the actual situation for the current purchase policy. )
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