1. The borrower must have a legal identity, which means that he must have legal and valid identity documents.
2. The borrower is a natural person who pays the housing provident fund in full and on time.
3. Have stable economic income, good credit, and the ability to repay the principal and interest of the loan.
4. Have legal and valid housing purchase (construction, overhaul) contracts, agreements and other supporting documents required by the lending bank.
5. Have self-raised funds of more than RMB 30 of the total price of the house purchased, and guarantee that it will be used to pay the down payment of the house purchased. This may have different regulations depending on the region. You can consult the local office for details. Relevant departments.
6. Have assets approved by the lending bank for mortgage or pledge, or (and) a legal person, other economic organization or natural person with sufficient solvency as a guarantor.
7. Meet the borrowing conditions stipulated by the local provident fund management department.
8. Other conditions stipulated by the lending bank.
Package loan application process
1. Go to the lending bank to submit a loan application
The borrower’s purchase contract and developer’s license, ID card copy, housing provident fund deposit card , apply for a housing provident fund loan from the sealed district or county real estate loan department of China Construction Bank (use the housing provident fund loan of both husband and wife, and you must also bring a marriage certificate or other relationship certificate), fill in the "Personal Housing Provident Fund Loan Application Form (Combined)".
2. Bank audit
If you want to combine loans to buy a house, the lending bank needs to determine whether the borrower meets the loan conditions, calculate the loan amount, and determine the loan term based on the information provided by the borrower.
3. Go to the lending bank to sign a loan contract
Apply for a combination loan to buy a house. After the lending bank checks the borrower's application, the borrower signs a loan contract and a mortgage contract with the bank (there is no house guarantee pledge contract).
4. Go to the Property Department to handle the loan guarantee procedures
There are two guarantee methods for housing provident fund loans (combination loans). Borrowers can choose any of them according to their actual situation. You can use your own or a third party's property as collateral, or you can use treasury bonds and bank deposit certificates and loan-approved securities as pledges, and the borrower holds the securities for loan bank custody.
5. Go through mortgage insurance procedures
After the mortgage loan or pledge procedures, the borrower will issue housing to the borrower in the real estate industry together with the loan contract and mortgage contract (pledge contract) Proof of mortgage data, etc.
6. Sign the repayment agreement and withdraw funds
If the combination loan to buy a house is repaid through savings card deduction, the borrower will go to the China Construction Bank Savings Office for payment and deduction, and contact the The lending bank signs a prepayment agreement. The unit and the lending bank shall sign an agreement with the lending bank.
7. Bank transfer
When purchasing a house with a combination loan, the borrower should apply to the lending bank for collection according to the time agreed with the lending bank, and the lending bank will transfer the money to Sales unit; for loans for repair and construction, the borrower should call back the loan.