Nowadays, more and more families prefer to buy second-hand houses, but they don’t know whether provident fund loans can be used to buy second-hand houses? They also don’t know anything about the process of buying and selling second-hand houses. Below, the editor will give you a detailed introduction using Shanghai as an example. I hope it will be helpful to you.

Shanghai second-hand housing provident fund loan process

1. Bring relevant materials to the local provident fund management center to apply. If the housing provident fund loan conditions are met, the buyer and seller sign a payment for loan fund transfer Agreement letter.

2. The applicant entrusts a housing evaluation agency to evaluate the transferred house and issue an evaluation letter.

3. The buyer and seller go to the housing property rights registration department to handle the procedures related to house transfer and sign a house sales contract.

4. Fill in the personal housing provident fund loan application form.

5. The Provident Fund Management Center will conduct preliminary review, review and approval of the applicant’s loan application.

6. Sign a loan contract and handle insurance, notarization and other related procedures.

7. Go through the house mortgage registration procedures and submit the acceptance notice.

8. Notify the trustee bank to issue the loan.

9. Pay principal and interest on a monthly basis as stipulated in the contract.

2. To apply for a second-hand housing provident fund loan, you must meet the conditions

1. Have a permanent urban residence;

2. Make normal deposits for 6 consecutive months before applying for a loan Housing provident fund;

3. The borrower has no outstanding housing provident fund debt. The loan amount shall not be higher than the multiple of the balance stored in the housing provident fund account of the borrower, spouse and ***, and shall not be higher than the maximum loan limit.

4. The applicant has a stable job and income, and a good credit record, and can repay the provident fund loan on time.

5. The applicant can provide a second-hand house purchase contract and can provide a down payment of no less than 30%.

Conclusion of the article: The relevant knowledge about provident fund loans for buying second-hand houses is introduced here. Provident funds can play a very good role when buying a house, but we need to see whether we meet the loan conditions. Only when you are satisfied can you successfully get a loan, and both are indispensable.