The general disbursement time for provident fund loans is about 10 to 15 working days.

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, good credit, Have 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.

Materials required for a housing provident fund loan:

Household registration booklet of the borrower and his/her spouse;

Resident ID card of the borrower and his/her spouse;

Proof of the borrower’s marital status;

Proof of down payment for house purchase;

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

Compliance A house purchase and sale contract or agreement required by law.

Housing provident fund application process:

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

The lending bank will process the information after receiving the application Confirmation and review;

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.