The loan will be released within 5 working days.
Provident fund loan
Have a permanent and valid account in the town where the loan is located, and can provide a valid residence certificate;
The housing accumulation fund has been continuously paid for more than 6 months before the loan, and the accumulated deposit time of the accumulation fund cannot be less than 12 months;
The self-financing of the first suite reaches more than 30% of the total price of the purchased house (the loan is only 20%;
Borrowing with stable income, fixed monthly wage income, and clear intention to repay the loan;
Sign the purchase contract or contract with the sales office.
Comply with the agreement between the principal and the trustee.
Two. How long will it take to lend money after the provident fund is approved?
After the provident fund is approved, it will be paid within 15 working days. The accumulation fund must meet the following conditions: 1. Purchase, construction, renovation and overhaul of owner-occupied housing with ownership; 2. When retiring or reaching retirement age; 3, completely lose the ability to work, and terminate the labor relationship with the unit; 4. When the account moves out of the city or leaves the country to settle down; 5, non city workers transferred from the city; 6 workers to repay the principal and interest of housing loans, you can withdraw the balance of housing provident fund to offset; 7. If an employee dies or is declared dead, the employee's heir or legatee may withdraw the storage balance in the employee's housing provident fund account, and the employee's housing provident fund account shall be cancelled at the same time. Legal basis: Article 16 of the Regulations on the Management of Housing Provident Fund, the monthly contribution of employees' housing provident fund is the average monthly salary of employees in the previous year multiplied by the contribution ratio of employees' housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit. Eighteenth employees and units housing provident fund deposit ratio shall not be less than 5% of the average monthly salary of employees in the previous year; Conditional cities can appropriately increase the deposit ratio. The specific deposit ratio shall be drawn up by the Housing Provident Fund Management Committee and submitted to the people's governments of provinces, autonomous regions and municipalities directly under the Central Government for approval after being audited by the people's governments at the corresponding levels. What are the application conditions for housing provident fund loans? 1. Individual urban workers and their units must pay the housing accumulation fund continuously for one year; 2. If the borrower purchases a commercial house, it must have self-raised funds of not less than 30% of the total house price as the down payment; 3. The borrower has stable economic income, good credit and the ability to repay the principal and interest of the loan; 4. If both husband and wife normally pay the housing provident fund in full, only one party is allowed to apply for a housing provident fund loan; 5, a family can only apply for a housing provident fund loan to buy a house at the same time; 6. The lender must have permanent residence or valid residence status in the towns of this province; 7. Agree to use the purchased house as collateral.
3. When will the provident fund loan be released after it is approved?
If you apply for a loan through China Merchants Bank, if you submit complete application materials, our loan approval time will be about 15 working days, because it involves evaluation, mortgage registration and other links, and each customer's situation will be different; Please contact the handling branch or loan account manager directly to confirm the specific loan release time, cancellation and other related information.