In order to apply for housing provident fund loans, borrowers must first meet the following conditions:
1. The applicant has an individual housing provident fund account and has paid the housing provident fund in full for half a year or more before applying for a provident fund loan. Different cities have different requirements for the time of deposit of provident fund, and local policies shall prevail;
2. When applying for housing provident fund, you need to sign a purchase contract or agreement, and the purchased house can be mortgaged or guaranteed;
3. The applicant has paid the down payment for the house purchase as required, usually the down payment is at least 30% of the total house price;
4. The applicant has full capacity for civil conduct, a stable job and income, and the ability to repay the principal and interest;
5. The applicant's personal credit status is good, and there is no bad record in credit investigation;
6. Meet other conditions stipulated by the local provident fund management center.
Eligible provident fund depositors can apply for loans at the local provident fund management center. The specific loan process is as follows:
1. Submit a loan application. Borrowers who apply for provident fund loans submit loan applications to the management center where the provident fund is deposited, fill in the application form for provident fund loans, and submit relevant materials required for loans;
2. Preliminary review. When receiving the loan application materials, the staff of the provident fund management center will conduct a preliminary examination of the relevant materials submitted by the borrower. After the first trial is passed, they will issue a notice of review of the guarantee application, print the loan contract and other documents, and then submit all the materials to the guarantee center;
3. Ensure approval. After receiving the loan information, the guarantee center will review the guarantee application. If the borrower meets the guarantee conditions, the guarantee center will issue a letter of approval for the guarantee application;
4. Material transfer. The personal loan application materials after the guarantee review shall be submitted by the guarantee center to the housing provident fund management center;
5. Finally, the housing provident fund management center signs the relevant contract with the borrower, and after the contract is signed, the provident fund management center lends money.
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