Generally, it takes about 1 month from the approval of commercial loan application to the provident fund loan, and it takes about 1 month to lend.
Do you have to pay off the commercial loan before transferring the commercial loan to the provident fund loan? How long will it take?
You need to pay off the original commercial loan before you can use the provident fund loan.
Take Xining as an example:
The Interim Provisions on Transferring Commercial Housing Loans to Housing Provident Fund Loans clearly stipulates that the process of transferring commercial loans to provident fund loans is as follows:
1. Print the detailed list of mortgage repayment and consult in the business hall of provident fund management center;
2. The applicant applies to the mortgage bank for prepayment;
3. The applicant pays off all bank mortgage loans by self-financing;
4. The applicant holds his ID card to the real estate and land management department of Xining City, and goes through the cancellation registration formalities of mortgage real estate and land ownership certificate;
5. The applicant shall submit the materials required for the loan to the entrusted bank (the applicant may choose the entrusted bank independently);
6. The entrusted bank shall submit it to the provident fund management center for examination and approval after preliminary examination;
7. After approval, the entrusted bank shall sign a loan contract and relevant procedures with the applicant according to the examination and approval opinions of the Center;
8. The entrusted bank handles the mortgage procedures of real estate and land;
9. Issue loans and transfer funds to the borrower's account.
Article 3 above clearly points out that bank loans must be repaid with self-raised funds first.
Extended data:
20 17 12 13 The Ministry of Housing and Urban-Rural Development and other four departments jointly issued a notice on the purchase of houses by provident fund-a notice on safeguarding the rights and interests of housing provident fund paid to employees' housing loans, and made it clear once again that real estate developers shall not obstruct or refuse employees to use provident fund loans to purchase houses.
1. The housing provident fund center and the loan bank should shorten the time limit for examination and approval, and complete the examination and approval of employee loans within 10 working days from the date of accepting the loan application.
2. If the loan bank does not handle it, employees can report to the provident fund center. If the circumstances are serious after investigation, the provident fund center may suspend or cancel the qualification of the bank's housing provident fund business.
3 real estate agents in the sale of commercial housing, should provide a written commitment to "not refuse employees to use housing provident fund loans", and publicity in the real estate sales site.
4. Real estate agents shall not restrict or obstruct employees from using housing provident fund loans by raising the selling price or reducing discounts. If employees have objections, they should immediately complain to the provident fund center.
5. Real estate agents shall not require or require employees to sign a written document voluntarily waiving the loan right of housing provident fund, and any employee shall immediately complain to the provident fund center.
References:
People's Network-How to handle the transfer of commercial loans to provident fund in Xining?
Does it take a year for commercial loans to be converted into provident fund loans? How long does it take for commercial loans to be converted into provident fund loans?
Yes, because the commercial mortgage must be repaid for at least one year before the outstanding principal can be paid in one lump sum. So there is no way to transfer it within one year;
You need to pay the provident fund continuously for one year before you can convert commercial loans into provident fund loans. The following is the process:
First of all, you need to bring your personal housing provident fund account number or ID number to the housing provident fund management department or sub-center in the jurisdiction of the unit for preliminary examination to confirm the loanable amount and term. Then prepare the following information required for the loan:
(a) personal housing provident fund loans necessary information:
1. The first and inner pages of the borrower's ID card and household registration book (original and photocopy);
2. Proof of the borrower's marriage relationship (marriage certificate, divorce certificate, court judgment, "Single Statement" signed by single employees) (original and photocopy);
3. The borrower's spouse's ID card, the inside page of the household registration book or the military officer's card (police officer's card, soldier's card); If the spouse is an overseas Chinese, provide the passport of the country of residence (original and photocopy);
4. If the borrower's spouse deposits the housing provident fund outside the center, the local housing provident fund management department shall issue: no loan certificate and deposit base certificate;
5. If the borrower's spouse has a fixed income but has not established a housing provident fund system, he/she shall provide his/her tax payment certificate or income certificate issued by his/her unit, and provide details of the bank salary card for the past six months; You can also confirm the wage income through other real and effective materials identified by the loan handling personnel;
6. Take the real estate license and the property owner's ID card (original and copy) as collateral for the loan. (except for the business that real estate companies purchase local second-hand houses through guarantee companies and sign mortgage agreements with the center).
7. If the mortgage is proved by other people's property, a notarized certificate (original) of consent to mortgage shall be issued;
Other necessary information:
(1) Commodity House Pre-sale Contract (original and photocopy);
(2) deed tax payment certificate (original and photocopy);
(3) Purchase invoice or down payment voucher (original and photocopy);
(4) Housing loan contract of commercial bank (original and photocopy);
(5) The repayment schedule of the personal loan account of the commercial bank from the date of issuance (original);
(6) Loan balance sheet of commercial bank (original).
Extended data:
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans.
20 12 some cities relaxed the conditions of provident fund loans, among which the upper limit of housing provident fund loans in 9 counties of Linyi City, Shandong Province was raised from 200,000 yuan to 300,000 yuan from June 1.
20 14- 10, the Ministry of Housing and Urban-Rural Development, the Ministry of Finance and the Central Bank issued a document, including relaxing the conditions of provident fund loans, promoting loans from different places, reducing intermediate costs, canceling the housing provident fund personal housing loan insurance, notarization, new house evaluation and compulsory agency guarantee, and reducing the burden on loan workers. Among them, employees who have paid for 6 months can apply for provident fund loans (currently 12 months).
On August 17 and 15, the Ministry of Housing and Urban-Rural Development jointly issued a notice saying that the down payment for purchasing a second home with provident fund loans will be cancelled by 20% from September 15 and 1 day!
Provident fund loans refer to individual housing provident fund loans, which are issued by local housing provident fund management centers. With the housing provident fund paid by employees who apply for provident fund loans, commercial banks are entrusted to provide mortgage loans to housing provident fund depositors who purchase, build, renovate or overhaul their own houses and retired employees who pay housing provident fund during their employment.
According to the regulations, employees who have paid housing provident fund for a certain number of years or more (the number of years varies from city to city, such as 12 months or more in Changsha) can apply for provident fund loans when the funds for purchasing, building, renovating or overhauling their own houses are insufficient.
The loan conditions are: the employees of the unit have signed labor contracts for more than three years (or signed 1 year labor contracts for three consecutive years); Normal continuous monthly housing provident fund deposit exceeds a certain period; Not exceeding the statutory retirement age;
The borrower has a stable economic income and the ability to repay the principal and interest; The borrower agrees to handle the mortgage registration and insurance; Provide the guarantee method agreed by the local housing provident fund management center and its sub-centers; At the same time, submit relevant documents required by the bank, such as house purchase contract or house pre-sale contract, real estate license, land use certificate, deposit certificate of provident fund, etc.
Letter of credit clause
1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans, and employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans.
2. To participate in the housing provident fund system, if you want to apply for a housing provident fund personal purchase loan, you must also meet the following conditions: that is, the housing provident fund has been continuously paid for at least 6 months before applying for the loan. Because, if the employee's behavior of paying housing provident fund is abnormal and intermittent, it means that his income is unstable and he is prone to risks after issuing loans.
3. One of the husband and wife has applied for a housing provident fund loan, and neither of them can get a housing provident fund loan until the principal and interest of the loan are paid off. Because the housing provident fund loan is a kind of "housing security" financial support to meet the basic housing needs of workers' families.
4. When applying for a housing provident fund loan, the loan applicant must have a relatively stable economic income and repayment ability, and there are no other outstanding debts that may affect the repayment ability of the housing provident fund loan. When employees have other debts, it is risky to lend to housing provident fund, which violates the principle of safe operation of housing provident fund.
5. The term of the provident fund loan shall not exceed 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.
References:
Baidu encyclopedia-provident fund loan