Do default payments during the epidemic have an impact on loan house purchases? Will the interest rate for the second provident fund loan application be raised? Is the provident fund loan period calculated based on the shortest period between husband and wife?

About deadlines and late payments

1. Reasons for the epidemic. The company has recently suspended provident fund payments to employees and will pay them later. Will this have any impact on the policy of paying provident fund loans continuously for 12 months for first-time home buyers?

Reply: The housing provident fund must be paid in full for more than 12 months (inclusive), which is one of the conditions for applying for a provident fund loan. However, due to the epidemic, the Provident Fund Management Center agreed to the unit’s application for deferral of payment.

2. I joined the company at the end of September last year, and started paying wages and provident fund in April this year. After April, my salary and provident fund will be supplemented one after another. If I want to use a provident fund loan to buy a house, should I borrow it in September this year or wait until April next year?

Reply: I only paid the provident fund in April this year, so I have to pay the provident fund for 12 months in April next year before I can apply for a provident fund loan to buy a house.

3. If our company pays once every two or three months, and pays for two or three months at a time, is it considered a cessation of supply?

Reply: There are currently a few units in Changchun like this. You need to confirm with the provident fund management center in advance whether the supply will be discontinued and whether you meet the conditions.

About interest rates

4. The first commercial loan has not been repaid. What is the current provident fund loan interest rate for buying a house?

Reply: If you have never applied for a provident fund loan to buy a house, applying for a provident fund loan to buy a house is your first time. The annual interest rate for the loan period is 2.75% for 1-5 years (inclusive), and 3.25% for more than 5 years.

5. Will the interest rate for the second set of Changchun provident fund loans be raised?

Reply: The second application for a provident fund loan requires that the first application for a provident fund loan has been completed for two years, and the interest rate will not be increased. If you buy a second house for your family, but the first house is a commercial loan, it will not affect the interest rate of applying for a provident fund loan to buy a house. The interest rate for loan terms of 1 to 5 years (inclusive) is 2.75%, and the interest rate for loans over 5 years is 3.25%.

About years and quotas

6. Is the provident fund loan period calculated based on the shortest period between husband and wife? Whether the spouse has provident fund.

Reply: No, the minimum term of a provident fund loan is 1 year and the maximum term is 30 years. The loan period is calculated based on the borrower's age, which can be extended to 5 years after the legal retirement age, which is 65 years for men and 60 years for women. The loan period of housing provident fund loans for existing housing (second-hand housing) should be less than or equal to 39 years.

7. One spouse has a provident fund and the other does not. What is the provident fund loan limit?

Reply: For a married family, although the other party does not have a provident fund, the maximum loan amount for both spouses is 800,000 yuan.

About withdrawal

8. If I buy a house in full now, can I withdraw the money from the housing provident fund?

Reply: You can withdraw the provident fund in full when purchasing commercial housing in this city. You and your spouse can withdraw the balance in your housing provident fund account at the same time. However, the balance in the housing provident fund account should be withdrawn in one go within 24 months after meeting the conditions (property rights, purchase contract or invoice). The total amount withdrawn by employees and their spouses shall not exceed the actual expenses incurred in purchasing a self-occupied house.

9. If I buy a house with a commercial loan, can the provident fund be withdrawn once a year?

Reply: Provident funds can be withdrawn from commercial loan purchases in this city, which can be used to purchase self-occupied housing. If you meet the conditions, you can withdraw the provident fund every year to repay the principal and interest of the loan. During the loan period, the loan can be withdrawn once a year, with an interval of at least 12 months between two withdrawals. The cumulative amount withdrawn by both spouses shall not exceed the actual repayment and interest expenses, and the unpaid portion over the years will not be withdrawn cumulatively.

10. The first set of provident funds and two sets of commercial loans. If the provident fund arbitrage is sold and the provident fund loan is settled, I will start withdrawing provi one year later

11. Use the provident fund to buy a house and use a commercial loan to buy a house. The provident fund is still 2,000 a month, and there is still 500 left in the provident fund account. Can I still get provident funds for commercial loans for houses?

Reply: No.

12. A commercial loan to buy a house for my daughter. My daughter is not married. Can I withdraw my father’s provident fund?

Reply: No, if you are a married couple and purchase a commercial house with a commercial loan in this city, both parties’ provident funds can be withdrawn.

13. Can provident funds be withdrawn for decoration?

Reply: The current policy is that provident funds cannot be withdrawn for renovation.

About loan repayment

14. When does the provident fund loan start to be deducted when buying a house?

Reply: Deductions will begin the next month after the loan is disbursed.

15. The provident fund balance is 25,000, and the loan is 500,000, and the loan is for 30 years. You need to repay 2,100 yuan every month, but your monthly provident fund is only 1,000 yuan. May I?

Reply: If the provident fund loan is contracted for repayment, the monthly repayment amount shall be repaid from the balance of the employee's personal provident fund account. If the balance is insufficient, the funds will be deposited into a bank account to avoid overdue payments and bad credit records. Related Q&A: Can the provident fund still be used after it has been cut off and then renewed? Legal analysis: It can be used after the provident fund has been cut off and then renewed. According to the law, those who have difficulty paying the housing provident fund can defer payment. The provident fund refers to the housing provident fund. Under normal circumstances, the provident fund is a benefit provided by the company to its employees, and is paid jointly by the company and the employees. The portion of the provident fund paid by an individual will directly go into the balance of the individual's provident fund account. Legal basis: "Housing Provident Fund Management Regulations" Article 20 Units shall pay and deposit the housing provident fund on time and in full, and shall not make late payment or underpayment. For units that really have difficulty paying the housing provident fund, after discussion and approval by the unit’s employee congress or labor union, review by the housing provident fund management center, and approval by the housing provident fund management committee, the payment ratio can be reduced or the payment can be deferred; After the benefits improve, the payment ratio can be increased or the payment can be postponed.