Details are as follows:

Detailed Rules for the Implementation of Personal Housing Provident Fund Loan in Shenyang

Chapter I General Provisions

Article 1 In order to promote the housing system reform in our city and accelerate the process of housing commercialization, these rules are formulated in accordance with the Guarantee Law of People's Republic of China (PRC), the Measures for the Administration of Personal Housing Loans of the People's Bank of China and the Interim Measures for the Purchase of Housing Policy Mortgage Loans by Shenyang Workers.

Article 2 China Construction Bank Shenyang Fanghang Sub-branch, China Industrial and Commercial Bank Shenyang Changde Sub-branch and China Agricultural Bank Shenyang Jinfeng Sub-branch (hereinafter referred to as the entrusted bank) are entrusted by Shenyang Housing Asset Management Center (hereinafter referred to as the Provident Fund Center) to handle the entrusted loan business of individual housing provident fund approved by the Provident Fund Center.

Article 3 The source of funds for individuals to purchase special housing policy loans is the loan funds formed by the housing accumulation fund paid by units and individuals.

Chapter II Loan Objects and Conditions

Article 4 Employees who implement the housing provident fund system and intend to purchase housing (including reformed housing, commercial housing, affordable housing and shared property housing) may apply for housing provident fund loans or portfolio loans if they meet the following conditions.

1. The borrower is a permanent residence in Shenyang, or holds a valid certificate of long-term residence in Shenyang;

Two, the monthly storage of housing provident fund;

Third, there is a legal proof of purchase;

Four, with more than 30% of the total purchase price of self financing, and has the ability to repay the loan principal and interest;

5. Agree to use the purchased house or securities recognized by the bank as collateral (or pledge);

6. Agree to handle loan guarantee, insurance and related procedures.

Chapter III Procedures for Accepting Loan Applications

Article 5: When the borrower applies for housing provident fund loans, he shall submit an application to the central office of provident fund in the district where the unit is located with his ID card, household registration book, purchase contract (agreement) and provident fund inquiry card (from Yuhong District to Tiexi Office and from Dongling District to Dadong Office). Meet the loan conditions, fill in the "loan application approval form" and "individual housing provident fund loan contract", after the approval of the capital center, to the city real estate property guarantee Co., Ltd. for mortgage, guarantee, insurance, insurance.

Article 6 When a borrower applies to a commercial bank for a combined loan consisting of housing provident fund and credit funds, he shall apply to the bank where the individual stores the housing provident fund with the purchase contract (agreement), ID card, household registration book and provident fund inquiry card, and the housing provident fund will be certified by the central office of the district where he is located, and the housing provident fund loan materials and bank loan materials will be filled out respectively, and the mortgage, guarantee, insurance and notarization procedures will be handled at the municipal real estate company.

Chapter IV Loan Amount, Term, Interest Rate, Loan Issuance, Withdrawal and Repayment

Article 7 loan amount: the maximum loan amount for applying for housing provident fund shall not exceed 80,000 yuan; The application for portfolio loan is still implemented in accordance with the Notice on Portfolio Loan of 1998, that is, the maximum loan amount does not exceed 400,000 yuan, and the ratio of housing provident fund to bank credit funds is 3: 7. The maximum amount and proportion of loans are adjusted every year according to the actual situation.

Article 8 The longest loan term shall not exceed 20 years. The loan period for employees shall not exceed the statutory retirement age, and the purchase of houses with completed service life of more than 25 years must be evaluated by the department, and the longest loan period shall not exceed 10 year.

Article 9 The loan interest rate shall be three months lump-sum deposit and withdrawal interest rate plus 0.8 percentage point, with a term of 1-3 years (including 3 years); If the term is 3-5 years (including 5 years), add 2... 16 percentage points; The term is 5- 10 years (including 10 years) plus 2.34 percentage points; If the term is 10- 15 (inclusive), add 2.88 percentage points; If the term is 15-20 years (including 20 years), add 3.42 percentage points.

If the loan term is less than 1 year, the annual interest rate shall be 1-3; If the loan term exceeds 1 year, in case of legal interest rate adjustment, the new interest rate regulation will be implemented early next year.

Chapter V Loan Guarantee

Article 11: Mortgage guarantee. If the borrower uses the purchased owner-occupied house as collateral for the loan, he will mortgage the house in full to the guarantee company, sign a mortgage contract, and go to the city real estate trading center and the city property right issuing center for mortgage registration and other warrants (the guarantee company can act as an agent throughout). Mortgage registration fee is charged at 0.5 ‰ of the loan amount (mortgage registration fee is exempted for housing reform housing loans). His right certificate fee is 50 yuan per household (only housing reform fee is charged).

Article 12: Loan performance guarantee. When a borrower applies for a loan, a loan contract must be signed by the borrower, the entrusted lender (capital center) and the entrusted lender (bank), and the guarantee company shall provide irrevocable joint and several liability guarantee. If the borrower fails to repay the principal and interest of the loan for three consecutive months or the balance of the principal and interest after the loan expires completely, the guarantee company (i.e. the guarantor) will repay the outstanding principal and interest of the loan and the overdue fine within 30 days. The Guarantor has the right to dispose of the collateral after paying the repayment on his behalf, so as to obtain the repayment. The performance guarantee fee is 0.8% of the loan amount, that is, 0.8% of the loan amount. If the guarantee fee is less than that in 400 yuan, it will be charged in 400 yuan. The guarantee fee shall be paid by the borrower in one lump sum.

Chapter VI Loan Insurance

Thirteenth with real estate as collateral, the borrower should go through the formalities of home insurance at the designated insurance company (agent) before the loan is used. During the mortgage period, the original insurance policy is kept by the mortgagee, and the insurance premium is paid by the borrower in one lump sum.

Article 14: The insurance premium shall be charged at the annual rate of the total purchase price. The annual interest rate is calculated according to different loan years: 1-5 years (including 5 years), 1‰, 6- 10 years (including 10 years), 0.8‰, 1 1-20 years.

Chapter VII Loan Notarization

Article 15 The loan contract and mortgage contract of the borrower shall be notarized by the notary department, and the notarization fee shall be charged per household 10 yuan.

Chapter VIII Supplementary Provisions

Sixteenth these rules shall be interpreted and revised by Shenyang Housing Provident Fund Management Center.

Article 17 These Detailed Rules shall be implemented as of 1 March, 19991day.