A provident fund loan can only be applied after the housing provident fund system has been established for one year and the housing provident fund has been paid continuously and in full on a monthly basis for more than six months.

Requirements to apply for a provident fund loan:

1. The borrower has full capacity for civil conduct;

2. Has a formal urban household registration or valid residence in this city Identity;

3. Have stable economic income, good credit, and the ability to repay the principal and interest of the loan;

4. Pay the housing provident fund normally before borrowing and pay continuously for more than six months;

5. Be able to provide a valid contract or agreement for the purchase of a self-occupied house;

6. The borrower and the buyer in the house purchase contract must be consistent, and the buyer must have the property rights ( Except for spouse) ***Someone must provide a written commitment to agree to the housing mortgage;

7. Have self-owned funds not less than 30% of the value of the self-occupied house (more than 40% of the second-hand house);

8. The borrower agrees to handle housing mortgage and insurance;

9. If purchasing commercial housing, the developer should provide a periodic guarantee and submit relevant credit materials;

10. The borrower agrees to open a personal account with the loan undertaking bank, and agrees that the loan undertaking bank will directly transfer the loan principal and interest from the account every month.

Information that should be submitted when applying for housing provident fund:

1. Copy of applicant’s ID card;

2. Applicant’s household register (homepage, personal page) , change page) copy;

3. Copy of down payment invoice for house purchase;

4. Original and copy of commercial housing sales contract;

5. House All

original and copy of ownership certificate;

6. Original loan application form.

Approval procedures for applying for housing provident fund loans:

1. Lenders applying for housing provident fund loans must submit a written application to the bank, fill in the housing provident fund loan application form and provide truthful information.

2. For loan applications with complete information, the bank will promptly accept and review them and submit them to the Provident Fund Center in a timely manner.

3. The Provident Fund Center is responsible for approving loans and notifying the bank of the approval results in a timely manner.

4. The bank will notify the applicant to handle the loan procedures based on the approval results of the Provident Fund Center. The borrower and his wife will sign a loan contract and related contracts or agreements with the bank, and submit the loan contract and other procedures to the Provident Fund Center for review. , the provident fund center will allocate the entrusted loan fund after approval, and the entrusted bank will issue the loan in full and on time according to the loan contract.

5. If the guarantee is in the form of a housing mortgage, the borrower must go to the housing property rights management department in the area where the house is located to complete the real estate mortgage registration procedures. The mortgage contract or agreement is signed by both husband and wife, and if the mortgage is pledged with securities, The borrower will hand over the securities to the management department or alliance center for safekeeping.