In daily life, as long as you have the balance of provident fund, you can apply for a loan when you buy a house, but the policies in each region are different, and you must meet the conditions before you can apply for a provident fund loan. Many users are not familiar with the specific application process. Today, we will take Yantai as an example to introduce the specific process.

1, loan application

Employees who purchase new commercial housing (faster) shall apply to the housing provident fund management institution that has signed a cooperation agreement with the developer;

Employees who buy second-hand houses apply to the housing provident fund management institution where they buy houses (employees in six districts apply to the housing provident fund management institution where they deposit their houses to buy second-hand houses in six districts);

2. Loan process

1 After the loan materials are fully prepared, the borrower shall go to Yantai housing provident fund management institution for approval;

For the loan approved by the housing provident fund management institution, the borrower shall go through the relevant procedures (such as signing a loan contract, etc.). ) With the Notice of Entrusting Personal Housing Provident Fund Loan in the downtown area, the bank shall notify the borrower to go through the relevant formalities at the branch;

3. Entrust the bank to sort out the materials and go through the mortgage pledge formalities at the real estate transaction department (hint: the borrower needs to file a record before purchasing the commercial housing auction house; If you buy an existing house, you need a real estate license; If you buy a second-hand house, you need the borrower to cooperate with the real estate transaction department to handle the mortgage);

After the mortgage pledge certificate comes out, the bank will sort out the borrower's materials and send them to the provident fund management agency to review the loan.

3. Loan repayment

If the loan term is 1 year, the principal and interest will be repaid in one lump sum at maturity, and the interest will be paid off with the principal;

If the loan term exceeds 1 year, the repayment method of equal principal and interest or average capital will be adopted, and the applicant will repay the loan on a monthly basis from the next month of the loan, and the entrusted bank will deduct the borrower's loan principal and interest on a monthly basis and transfer it to the account of the housing provident fund management institution.