Provident funds can only be repaid in cash in advance?
What valid documents are needed for early withdrawal of individual provident fund?
The loan handling bank informs the borrower to bring the original and photocopy of the ID card and loan documents (including but not limited to: loan agreement, bank statement, repayment plan, etc. ) and the repayment card go through some prepayment procedures at the bank counter at the appointed time. Please contact the business outlets of the housing provident fund loan bank in advance to make an appointment.
Can individual provident fund be repaid in advance at any time?
Not exactly. From the date of the next installment of the housing provident fund loan, the borrower may apply to repay the interest of the housing provident fund loan in advance for one year, and the borrower shall repay part of the interest of the housing provident fund loan, and the repayment amount shall be higher than the interest of the housing provident fund loan for six months.
Are you sure you can only pay in cash?
That's not true. If you pay directly to a matching financial institution or deposit machine, you can only use cash, but you can also pay by online bank transfer. Remember the date of your account and deposit the money early.
What are the procedures for early repayment of housing provident fund loans?
1. Bring the original ID card and entrusted loan contract to the provident fund management department to fill in the Application Form for Early Repayment of Housing Provident Fund Loan, and then go through the repayment procedures at the specific repayment handling point of the bank. If the loan is paid off in advance, the borrower shall settle the loan at the specific repayment handling point of the financial institution, and go to the provident fund management department to handle the loan repayment formalities with the original ID card, the entrusted loan contract, the settlement certificate issued by the financial institution and all the procedures and materials generated when applying for the housing provident fund loan at that time.
2. It should be noted that: ① According to the contract, the borrower can apply for early repayment when the repayment is due 12 months. ② When repaying part of the loan, the repayment amount shall not be less than 40% of the loan balance; (3) The application form for prepayment of housing provident fund loans is timely, and the borrower can only fill it out when he is ready to repay the assets. (4) The actual repayment processes of major banks are different, and borrowers can consult financial institutions for specific repayment processing points.
How to borrow housing provident fund loans, can I borrow cash?
You can borrow money, but you have to buy a house or decorate it, but you can put forward a provident fund at one time. When applying for housing provident fund loan, the lender needs to submit a written application to the bank, fill in the Application Form for Housing Provident Fund Loan and truthfully provide the following information:
(a) the applicant and spouse housing provident fund deposit certificate;
(2) the identity certificate of the applicant and spouse (referring to the valid residence certificate such as resident ID card and household registration book) and the proof of marital status;
(3) proof of stable family income and other proof of creditor's rights and debts that have an impact on repayment ability;
(four) the purchase of housing contracts, agreements and other valid documents;
(5) List of collateral, pledge, certificate of ownership, certificate of consent of the authorized person to mortgage and pledge, and certificate of collateral valuation issued by relevant departments;
(VI) The Provident Fund Center requires a third-party guarantor to provide a guarantee and pay the guarantee fee, and the borrower, the lender and the third-party guarantor * * * sign a tripartite contract.
(seven) other information required by the provident fund center.
Extended data:
Provident fund loan amount refers to the maximum loan amount that an individual can apply for when using provident fund loans. Only employees who have permanent residence in local towns, have established the housing provident fund system for more than 6 months, and have paid the housing provident fund according to regulations can enjoy the provident fund loan when the funds for purchasing or building houses or renovating or overhauling their own houses are insufficient.
When the borrower entrusts the loan bank to withhold the monthly repayment of the loan principal and interest through the savings card and passbook, it should also entrust the provident fund center and the loan bank to withdraw the housing provident fund (including supplementary housing provident fund and monthly housing subsidy) of himself and his spouse every month after the monthly repayment of the loan principal and interest, and transfer it to the borrower's housing provident fund card bank savings account as the withholding fund for repayment of the loan principal and interest next month.
Can I borrow cash from the provident fund?
Provident funds cannot directly apply for cash loans. Provident fund is a kind of housing welfare, which is mainly used to apply for provident fund loans to buy a house.
However, if the borrower needs money urgently, he can withdraw the money from the balance of the provident fund account with the support of the provident fund.
Or find a bank with provident fund credit loan business to apply for a loan. The bank will give a certain amount according to the applicant's credit conditions and the deposit of provident fund, and it is also possible to apply for a loan within the amount.
1. Housing accumulation fund refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees.
Two, housing provident fund is a personal housing savings dedicated to housing consumption expenditure, it has two characteristics:
First, it is cumulative, that is, the housing provident fund is not an integral part of employees' wages, and it is not paid in cash. It must be deposited in a special account opened by the housing provident fund management center in the entrusted bank, and special account management is implemented.
The second is special. The housing provident fund is earmarked for special purposes and can only be used for the purchase, construction, overhaul of self-occupied housing or the payment of rent during storage. Employees only leave, retire, die, completely lose their ability to work, terminate their labor relations with the unit or move out of their original residence.
Only in the city can you withdraw the housing provident fund from your account.
Third, nature.
(1) security, the establishment of employee housing provident fund system, which provides a guarantee for employees to solve housing problems faster and better;
(2) Mutual assistance, the establishment of housing provident fund system can effectively establish and form mechanisms and channels for employees with housing to help employees without housing, and housing provident fund can help employees without housing in terms of funds, which reflects the mutual assistance of employee housing provident fund;
(3) In the long run, every urban employee must pay personal housing provident fund from the date of joining the work to the time of retirement or termination of labor relations; The employee's unit should also pay the housing provident fund for employee subsidies as required.
Fourth, characteristics
(1) universality, urban workers must pay the housing provident fund in accordance with the provisions of the Regulations, regardless of the nature of their work units, family income level and whether they have housing;
(2) Mandatory (policy-oriented). If the unit fails to register the deposit of housing provident fund or set up a housing provident fund account for employees, the housing provident fund management center has the right to order it to handle it within a time limit. If it is not handled within the time limit, it can be entered according to the relevant provisions of the Regulations.
Punishment, and may apply to the people's court for compulsory execution;
(3) Welfare, in addition to the housing provident fund paid by employees, the unit has to pay a certain amount for employees, and the interest rate of housing provident fund loans is lower than that of commercial loans;
(4) Retractability: If the employee retires, resigns, or completely loses the ability to work and terminates the labor relationship with the unit, or the household registration moves out and settles abroad, the paid housing provident fund will be returned to the individual employee.
Can I withdraw cash from provident fund loans?
Provident fund loans cannot be withdrawn. After the general borrower successfully handles the provident fund loan in the bank, the bank will directly transfer the loan amount to the bank card account provided by the real estate seller as required, and generally it will not be transferred through the borrower, so the provident fund loan cannot be withdrawn. Only when the borrower does not use the provident fund to apply for a house purchase loan can he take the house purchase contract and loan contract to the local provident fund management center to withdraw the provident fund from his personal account for repayment, usually once a year. Article 26 of the Regulations on the Management of Housing Provident Fund stipulates that employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.
Did the bank give 300 thousand cash for the 300 thousand provident fund loan?
The provident fund loan of 300,000 yuan is not the cash given by the bank to 300,000 yuan, but the loan bank designated by the housing provident fund directly transfers the money to the seller's account.
Taking Langfang City as an example, according to Article 18 of the Measures for the Administration of Personal Housing Provident Fund Loans in Langfang City, housing loans are allocated in the following ways:
(a) the purchase of commercial housing, affordable housing, price-limited housing, public housing loans, according to the time agreed by the borrower and the borrower, the entrusted bank will transfer the loan funds into the corresponding account signed by the selling unit and the center in the entrusted bank;
(2) For the loan for purchasing private housing, the entrusted bank will transfer the loan funds to the bank supervision account entrusted by the center, and after the mortgage is implemented, it will be transferred to the seller's personal account according to the contract;
(three) to repay the housing loan of the commercial bank, after the borrower advances the funds, the entrusted bank will transfer the loan funds to the account designated by the borrower;
(4) For loans for newly built, renovated or overhauled houses, the entrusted bank will transfer the loan funds to the account opened by the organizer of newly built or renovated houses in the bank.
Other provisions on housing provident fund loans.
"Langfang individual housing provident fund loan management measures" Article 6 A borrower applying for a housing loan shall meet the following conditions:
(1) Having permanent residence or valid resident status in this Municipality, being employed in a different place, and holding the certificate of deposit and use of housing provident fund for employees with loans from different places issued by the deposit center of local provident fund;
(2) Both husband and wife did not enjoy the housing provident fund loan or paid off the loan, and bought the first set of self-occupied housing or the second set of improved ordinary self-occupied housing;
(3) Having stable economic income, good credit and the ability to repay the principal and interest of the loan on schedule;
(4) The borrower shall be an independent property owner who purchases, builds, rebuilds or overhauls the self-occupied house, and his own funds account for more than 20% of the required expenses. When applying for portfolio loans, the down payment ratio conforms to the relevant regulations of the center and commercial banks;
(five) with the purchase, construction, renovation, overhaul of self-occupied housing legal and valid certification materials;
(6) Being able to provide loan guarantees that meet the requirements of these Measures;
(seven) other conditions stipulated by laws and regulations.
The above contents refer to Langfang Municipal Government-Langfang Personal Housing Provident Fund Loan Management Measures.