Provident fund loan method/steps

1. First of all, according to the Implementation Measures for Individual Housing Provident Fund Loans, the borrower applying for such loans must meet the following conditions: the borrower is an individual who normally pays the housing provident fund in the "provident fund center"; The borrower purchases affordable housing recognized by the lender; Have permanent residence in cities and towns or valid residence status; Have a stable occupation and income, and have the ability to repay the principal and interest of the loan; Having a house purchase contract or relevant supporting documents; The borrower agrees to mortgage the property listed in the house sales contract signed with the developer to the lender, giving the lender priority mortgage and compensation as a guarantee for repayment of principal and interest; The borrower has the ability to pay not less than 30% of the funds needed for house purchase; Other conditions stipulated by the lender.

2. After meeting these conditions, you can apply for a loan from the bank with your ID card, the purchase contract signed by the real estate company, the monthly income certificate (payroll) issued by the provident fund center, and the provident fund deposit certificate. Generally speaking, in order to ensure the safety of funds, banks should conduct certain audits on the credit and economic strength of borrowers.

The interest rate of this kind of loan is lower than that of commercial loan. Within five years (including five years), the monthly interest rate is 3.45‰, and the annual interest rate is 4.14%; For more than 5 years, the monthly interest rate is 3.825‰ and the annual interest rate is 4.59%. The state stipulates that the maximum amount of provident fund loans cannot exceed twice the amount of housing provident fund paid by borrowers within their retirement age.

4. The state stipulates that the loan period is one to ten years, but not more than twenty years at most. Banks generally require borrowers to pay interest first and then principal to repay the principal and interest. Generally speaking, banks have three ways to determine how much to lend to borrowers and how long to borrow them. 1. The loan amount is determined according to 10 times of the balance of housing accumulation fund paid by the borrower. 2. 40% of the borrower's total salary is used as the loan amount that can be applied. 3. According to the borrower's monthly repayment ability and the bank's monthly loan interest rate of 3.825‰, the approximate repayment period can be calculated by substituting the corresponding formula. In addition, the bank will "repay the loan" to the provident fund in March each year, and the reduction amount will not exceed 12 times of the monthly repayment amount of that year. In other words, the provident fund you pay can not only apply for a loan with lower interest rate, but also help you repay part of the loan amount.

After all this is clear, we will enter the final stage of housing provident fund loan to buy a house: deposit 30% of the down payment into the account opened by the real estate company in your loan bank; Deal with a savings card at your loan bank, so that the bank can deduct the loan amount from the card every month; Sign a loan contract. At the same time, we must mortgage the house, buy insurance and finally notarize it. These things are handled by the bank and the expenses are borne by the borrower.

Method and steps for withdraw housing accumulation fund:

Housing provident fund loans after the purchase of housing provident fund withdrawal application form, and then carry the following materials:

(1) If the house is rebuilt or overhauled, it is necessary to provide the original and photocopy of the house safety appraisal book and the notice of dangerous house issued by the municipal and district house safety appraisal department, as well as the original and photocopy of the house ownership certificate and the state-owned land use certificate;

(2) for residential construction, provide the original and photocopy of the construction project planning permit and the construction project planning acceptance certificate issued by the municipal and district planning departments;

(3) The original and photocopy of the construction contract with the name of the person (or spouse) and the invoice for purchasing building materials.

(4) The Application Form for Extraction of Housing Provident Fund audited and sealed by the unit;

(5) my ID card and a copy;

(6) The original and photocopy of my housing provident fund deposit certificate (household registration book or joint card);

(7) The certificate of extraction of housing provident fund issued by the unit;

Conditions for withdrawal of provident fund

1. Never applied for provident fund or provident fund portfolio loan.

2. The house needs to have a state-owned land use certificate and a house ownership certificate.

3, construction, renovation, overhaul of owner-occupied housing with property rights, housing provident fund withdrawal procedures.

note:

According to the provisions of Article 24 of the Regulations on the Management of Housing Provident Fund, if an employee has one of the following circumstances, he can withdraw the storage balance in the employee's housing provident fund account:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) the rent exceeds the prescribed proportion of family wage income.