The status of the Hangzhou Housing Provident Fund loan has returned from loan disbursement to loan review? What's going on?

The status of the provident fund loan application in Hangzhou has been from loan disbursement to loan disbursement review. It is possible that problems have been discovered and your loan qualifications, including credit information, need to be re-examined.

About provident fund loans.

Housing provident fund loans are 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.

Commercial loans are called personal housing loans. They are commercial banks and housing savings banks approved by the People's Bank of China. They provide loans for urban residents to purchase ordinary houses for self-use, and the statutory loan interest rates are enforced.

The difference between provident fund loans and commercial loans

Difference 1: loan interest rates are different

The base interest rate for commercial loans over 5 years is 4.9%, and for provident fund loans over 5 years The interest rate is 3.25%.

Difference 2: Different loan ratios

For the same house, if the commercial loan in the city is 70% for the first house, then the pure provident fund loan for the first house can be almost all 80%.

Difference 3: The loan process is different

When applying for a commercial loan, the loan must be reviewed before the transfer of ownership, while for a provident fund loan, the loan must be reviewed after the transfer of ownership.

Difference 4: The approval time is different

The approval time for commercial loans is about 20 working days, and provident fund loans take about 40 working days. Commercial loans are faster than provident fund loans.

Difference 5: Different loan sources

The source of commercial loans is mainly public funds raised by commercial banks and other lending institutions, while provident fund housing loans are funds paid by provident fund payers.

Difference 6: Different user groups

Commercial loans are open to all eligible members of the public, while provident fund loans are only open to provident fund-paying employees.

Difference 7: Different uses of interest

The interest on commercial loans is the profit from business activities and belongs to the relevant investors, while the interest on provident funds has policy-specified purposes and can only be used Construction of affordable housing.

Difference 8: Different approval agencies

Commercial loans are mainly approved by banks, and the decision-making power rests with the bank; provident fund housing loans need to be approved by the provident fund management center, and the decision-making power rests with the provident fund management center and the bank Just the executive body.

Difference 9: Different years and quotas

Different banks and different city provident fund management centers have different regulations. Generally speaking, commercial loans can choose longer and more flexible loan repayment periods and larger quotas. high.

Difference 10: Second-home loans are different

Commercial loans have more policy restrictions on second-home loans and have higher interest rates; while provident fund loans are more affected by policies on second-home loans. Small, you can still enjoy preferential interest rates.

To sum up, commercial loans and provident fund loans are not only different in interest rates, but also in terms of review and second home loans. This also reminds home buyers that the most important thing to consider when looking for a job is It is best to find an employer that can pay the housing provident fund for you, so that you can have more choices when choosing a loan to buy a house.

What does it mean if the provident fund query loan application has been approved and the loan is being disbursed

This means that your provident fund has been reviewed and transferred from the provident fund to the bank for approval. After the bank's approval is completed, the loan will be entered. Status, after the loan is disbursed, you can repay the loan in the next month, and you will receive relevant text messages on your mobile phone at that time. As for how long it will take, it depends on how many loans your bank accepts. If it takes more time, it will take longer, but you can rest assured that your loan will be approved.

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.

In 2012, some cities relaxed the conditions for provident fund loans. Among them, in 9 counties in Linyi City, Shandong Province, starting from June 1, 2012, the upper limit of housing provident fund loans will be increased from 200,000 yuan to 300,000 yuan.

In October 2014, the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, and the People’s Bank of China issued a document, including relaxing the conditions for provident fund loans, promoting off-site loans, reducing intermediary fees, canceling housing provident fund personal housing loan insurance, notarization, Charging items such as new home appraisals and mandatory institutional guarantees reduce the burden on loan employees. Among them, employees who have paid for 6 consecutive months can apply for provident fund loans (currently 12 months).

Nowadays, many people are working people. The company will pay these people five insurances and one fund, and one fund refers to our provident fund. With the provident fund, you can buy a house. For people who do not have provident funds, it is very suitable for those who have provident funds to buy a house. First of all, we can use the money in our provident funds to offset the house payment, and we can also use the provident funds to make purchases. Loans and loan amounts will also be larger. Even if we don’t use the provident fund to buy a house, when we rent a house in some big cities, we can use the money in the provident fund to deduct it. For them, It is a very good experience to be able to reduce part of the expenses.

Hangzhou provident fund loan shows that the loan is being disbursed, how long will it take to arrive?

1. Materials required for housing provident fund loan:

1. The borrower and The household registration book of his spouse;

2. Resident ID cards of the borrower and his spouse;

3. Proof of the borrower’s marital status;

4. House purchase Proof of down payment;

5. Credit status report of the borrower and his spouse printed by the bank;

6. House sales contract or agreement that complies with legal requirements.

2. Conditions for handling housing provident fund;

The individual and the employer must pay the housing provident fund continuously for one year;

The borrower has stable economic income and credit Good quality and the ability to repay the principal and interest of the loan;

If the borrower purchases a commercial house, he must have no less than 30% of the total house price.

3. Housing provident fund application process:

The lender prepares relevant information, fills out the loan application at the bank, and submits the materials;

After the loan bank receives the application Confirm and review the information;

After review, the lending bank will contact the lender and sign the relevant contract;

The bank will grant the loan and the lender will fulfill its repayment obligations.

The provident fund loan shows that the loan approval has been passed and the loan is being disbursed. What are the procedures behind this? Does this mean that the loan can definitely be made?

The provident fund loan shows that the loan approval has been passed. If the loan is being disbursed, the follow-up process is to wait for the bank to release the loan. It usually takes 3 months, and for second-hand houses, it takes about 1 month. Please note that banks basically do not lend money in December every year.

1. For applicants who meet the loan conditions, the Municipal Housing Provident Fund Management Center will take no more than 15 working days from loan acceptance to loan approval if the loan application materials submitted are complete; after that, it will take no more than 15 working days to sign the contract and each contract. After the mortgage registration is completed and the mortgage registration certificate is received by the Municipal Housing Provident Fund Management Center, the loan funds will be distributed as planned. Affected by the substantial increase in the amount of provident fund loans, the current cycle of loan mortgage warrants is calculated from the time of certificate issuance to issuance.

3. Under normal circumstances, it is about three months, and the second-hand housing loan cycle is generally about one month. After the loan is disbursed, the staff will notify the borrower by phone or text message to receive the loan transfer voucher, and the borrower will then repay according to the contract.

If you have any questions about lending issues, you can go to Weimiao to find out. Weimiao Financial and Business Education has designed a teaching model of practical courses based on the research results of the National Training Laboratory of the United States.

The instructors provide online teaching and use group teaching simulation exercises to interactively understand group discussion assignments and tests to help students master financial and business literacy knowledge systematically and scientifically.

That’s it for the introduction to the issuance of provident fund loans in Hangzhou.