Is it difficult to get provident fund loans? What conditions need to be met?

When it comes to buying a house, except for a few people who can pay in one lump sum, most people will choose to buy a house with a loan. After all, it is too stressful to take out the house payment in one lump sum. Mortgage can choose commercial loans or provident fund loans, and the interest rate of provident fund loans is lower. Is it difficult to make provident fund loans? What conditions need to be met?

is the provident fund loan difficult? What conditions need to be met?

provident fund loans are not difficult, but they need to meet the conditions of local provident fund loans. Generally, the following conditions are met:

The provident fund of loan applicants is normally paid in full for more than one year, and it can be paid for six months in some places;

the balance of the provident fund account should reach the prescribed limit;

there cannot be outstanding provident fund loans under the name;

loan applicants should be at least 18 years old, but they should not be too old. Generally, men should not be over 65 years old and women should not be over 6 years old.

need to provide a house purchase contract or agreement, which can pay the down payment;

It has a stable occupation and income, good credit information, and can repay the principal and interest.

Different regions may have different application requirements for provident fund. Before applying, it is recommended to call the local provident fund management center to find out the specific situation.

What should you pay attention to when applying for provident fund loans

1. Most provident fund loans have a limit, which is 55, in some areas and 6, in others. People who have just worked for a long time can apply for a lower amount of provident fund. If conditions permit, they can pay more provident fund if they want to buy a house.

2. Don't withdraw the provident fund loan at will. Withdrawing it will affect the subsequent loan application, and the loan amount you can get will also decrease.

3. Keep a good credit record, and don't have a bad credit record. Before applying for provident fund loans, apply for other loans less, and don't make too many inquiries about institutions in credit reporting, and the debt ratio should not be too high.

When it comes to the difficulty of provident fund loans, it is also great. However, if the requirements are met, it is not difficult to apply. If you provide relevant information, there is no problem with your credit information and income, you can generally approve it smoothly.

why did the provident fund loan application fail? There are several reasons!

generally, after taking part in the work, the company will buy five insurances and one gold for you, of which the provident fund can be used to purchase a house with a very low interest rate, which is a great benefit. However, the provident fund loan is not so easy to apply for and is likely to be rejected. So why did the provident fund loan application fail? There are several reasons!

1. Poor personal credit information

Provident fund loans have higher requirements for credit information, and will focus on the credit of buyers, so poor credit information should be regarded as the most basic factor of rejection. Everyone should clearly realize that no matter what type of loan you apply for, the first thing to check is your personal credit situation. If you don't even have good credit, your repayment ability can't be guaranteed. You'd better optimize your credit information before applying for provident fund loans.

Second, the time of provident fund deposit

For newcomers who have just been working for one year and property buyers who have been working for ten years, there will be a certain gap in the time of provident fund deposit. Because of the different policies of provident fund management in each city, the requirements when applying are definitely different. For example, if you pay the provident fund for more than one year, you can apply for a loan, or in some places, you need to pay the provident fund loan for more than three years before you can apply. If you don't meet the time of payment, the application will naturally be rejected.

III. Current status of provident fund

Provident fund loans can only be made again after settlement. Therefore, if you want to buy a house, you must pay off the previous loans, and the number of provident fund loans is limited. It is better for you to ask clearly in advance before handling them.

Why is it so difficult to send workers' provident fund loans

First and foremost, the main reason is that it is slow for developers to pay back money by purchasing houses through provident fund loans. "Slow" is reflected in the fact that the qualification examination and lending time of citizens applying for provident fund loans are slightly slower than that of commercial loans. In addition, developers take land to build houses, which is a huge expense. Therefore, it is reasonable to speed up the repayment speed and amount appropriately.

secondly, the progress of the project is also a reason. According to the relevant regulations, the project progress must reach two-thirds or more of the total project progress before applying for provident fund loans. When some projects get the pre-sale permit for commercial housing, the progress of the project may only be about two or three floors above the ground, which is also the "slow" performance just mentioned. In this case, it is naturally impossible to support provident fund loans.

in addition, the nature of land and houses is another major factor-only legal commercial houses with complete five certificates are eligible to declare provident fund loans, and small property rights and other illegal land use projects are not allowed.

Many employees also reflect in the actual process of buying a house that even if they can't use the provident fund loan to buy a house, they can withdraw it, after all, it is still their own money. Through understanding, now the country has relaxed the conditions for withdrawing provident fund, and citizens with housing provident fund can bring relevant information and documents according to their actual situation and go to the bank where their provident fund is deposited. As a result, the housing provident fund still fell into its own hands.

It is a long process to make more developers generally accept the provident fund loan model. In fact, to put it simply, if we want to carry out reform, in the final analysis, it is to "speed up", that is, under the premise that other conditions are met, we will relax the application conditions, speed up the examination and approval of provident fund loan applicants, speed up the lending, and shorten the time for housing enterprises to pay back money. There is still much work to be done to achieve this result, and it will take time.

What should I do if the provident fund loan cannot be approved?

Because the interest rate of provident fund loan is lower than that of commercial loans, it has become the first choice for many buyers. However, it is easy to buy a house, but difficult to get a loan. And many people are caught in the housing problem because the provident fund loan is delayed. Then, what if the provident fund loan cannot be approved? Xiaobian will analyze it for everyone!

On the one hand, developers are afraid to hand over the house, on the other hand, buyers can't get the house, and when the provident fund loan can be loaned, it has also become an endless wait.

According to the survey, there are two kinds of difficulties in provident fund loans at present: first, buyers want provident fund loans, but developers are unwilling to take them because provident fund loans are slower than bank loans; Another situation is that the developer wants to take it, but he can't take it because he has not obtained the provident fund project or because the amount of the provident fund has been used up.

some developers hide the amount for impulse

under normal circumstances, developers will generally apply to banks and housing provident fund management centers for a certain amount of provident fund before or during the sale of commercial housing, and only after the application is approved can they provide information on provident fund loans to buyers. However, in order to sell, some developers do not inform customers in advance how much the quota is and whether it has been used up. Therefore, it is only when customers pay a down payment and sign a contract that they learn that the quota has been used up.

netizens said that the actual amount of the provident fund may change due to the influence of macro policies: for example, you applied for 1 million yuan at the beginning of the year, but due to the influence of the financial environment, the amount may be temporarily reduced or cancelled. At this point, developers can't guarantee 1%. In order to avoid insufficient quota, developers should make information transparent in advance, such as the loan quota and quota of this provident fund, so that buyers have certain expectations.

The problem of provident fund is not a "dead knot"

Apart from checking out or transferring to commercial loans, are there any other ways for buyers to go? According to the investigation, at present, some banks and developers have jointly launched a special mortgage policy: developers deposit part of the funds of full commercial loans in banks for buyers, and the interest of these funds (within a certain period of time) is lower than that of commercial loans, thus lowering the interest cost of full commercial loans for buyers.

Lawyer's statement

The contract clearly defines the developer's liability for breach of contract

The lawyer said that in the process of buying a house, the developer's behavior of claiming that he can use provident fund loans is often a temporary agreement, and the description in the purchase contract is also very vague. Generally, it is a selective possibility, such as the provident fund cannot be loaned, and the buyer can choose other commercial loans or solve the problem in full. For property buyers, this is a very unfavorable legal relationship. Therefore, in the event of problems, property buyers may not be able to occupy an advantage in litigation.

Therefore, lawyers advise buyers not to trust the promises of developers when choosing a house. Buyers can call the provident fund management center or official website to check whether the property is within the scope of provident fund property. When signing a contract, see clearly the amount of payment terms and loan terms.

if you can only make provident fund loans and the developer says that you can make provident fund loans, you should make it clear with the developer in the agreement. For example, if there is a problem with the provident fund due to the insufficient amount of the developer, the developer must bear the corresponding liability for breach of contract. In addition, you should also write down the specific conditions for refund or check-out.

The above is all about what to do if the provident fund loan is not approved. For more loan knowledge, please pay attention to SouFun's house purchase guide.

(The above answer was issued on October 12, 215, and the current relevant housing purchase policy should be based on the actual situation)

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Is the provident fund loan easy to handle?

The provident fund loan itself is relatively easy to borrow. Although the requirements are a little more, it is not difficult as a whole. The first threshold is to pay the provident fund for at least 6 months, which is not difficult for normal employees to do. Secondly, there is enough down payment, and buying a house must be prepared and essential. Finally, there is sufficient income ability and good credit information. Income depends on the situation, and credit information should be normal for most people. On the whole, although there are many requirements, it is still difficult to meet all the standards.

What are the requirements for applying for provident fund loans

1. Have a permanent residence in xx or a valid residence certificate.

2. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans.

3. Those who participate in the housing provident fund system must also meet the following conditions in order to apply for individual housing provident fund loans: that is, the time for continuous full deposit of housing provident fund before applying for loans is not less than 6 months, while in some cities it is stipulated that it should not be less than 12 months.

4. Purchase, build, rebuild and overhaul self-occupied ordinary houses (excluding commercial and residential dual-use houses) in the area of xx city, and have relevant procedures, documents and paid self-raised funds in a specified proportion.

5. Have full capacity for civil conduct, a stable occupation and income, the ability to repay the loan principal and interest, and good credit.

6. There is no outstanding housing provident fund loan. In addition, it should be noted that one spouse has applied for a housing provident fund loan, and neither spouse can obtain a housing provident fund loan until he has paid off the principal and interest of the loan.

7. Not reaching the statutory retirement age (if it is otherwise stipulated by the state that it can be extended, it shall be implemented according to its provisions, but the maximum age shall not exceed 65).

8. The maximum loan period of provident fund shall not exceed 3 years. For portfolio loans, the loan terms of provident fund loans and commercial housing loans must be the same.

what should be paid attention to when buying a house with provident fund loans

1. Pay attention to the loan requirements

In addition to meeting the conditions of commercial loans, you should also pay attention to the requirements of provident fund loans for individual provident fund accounts. At present, many cities require borrowers to pay the provident fund in full and continuously for more than 6 months (inclusive), and the provident fund account is in the paid state before they can apply for provident fund loans. However, different cities have different regulations, and some cities require borrowers to pay the provident fund for more than 12 months (inclusive) before they can make loans, depending on the regulations of relevant local departments.

2. Pay attention to the loan amount

Some property buyers give up using provident fund loans because the amount of provident fund loans is too low to meet their own loan needs. Indeed, the amount of provident fund loans is also limited. Therefore, some property buyers need to use the combination of "commercial loans and provident fund loans" to reach the loan amount they need, but this is also more economical than using all commercial loans.

3. The use of provident fund in different places is limited

Although some cities have realized the intercommunication of provident fund, they can use provident fund loans in different places to buy houses in advance. However, most cities that restrict purchases do not actually support the use of off-site provident fund loans, which buyers need to understand before buying a house.

why is provident fund loan difficult?

As we all know, the expected annualized interest rate of using provident fund for loans is much lower than that of commercial loans. Therefore, provident fund loans have become the first choice for many buyers. In the actual communication with developers, there are usually signals that do not support provident fund loans or emphasize that provident fund loans are difficult. Why is it difficult for homebuyers to get provident fund loans?

The developer's "discrimination" against provident fund loans is also a common hidden rule in the real estate industry. The main reason why developers are reluctant to introduce customers to use provident fund loans is the slow payment rate.

first of all, in commercial loans, the signing of loan contracts and the preliminary examination are carried out simultaneously; In the provident fund loan, the two are separated. After the first trial, after the evaluation, the provident fund management center reviews, the guarantee center guarantees, and then the evaluation report and loan contract are printed before the face-to-face signing.

Secondly, commercial loans only involve banks, brokerage companies and appraisal offices; The provident fund loan involves provident fund management centers, banks, brokerage companies, appraisal institutes and guarantee companies, which not only increases the links, but also will inevitably extend the processing time if there are omissions in the cooperation between various institutions.

Third, after years of development, commercial loan, as a commercial behavior, has been continuously improved in service efficiency; As a policy loan, however, there is still a certain gap between the efficiency of provident fund loan and that of commercial loan because it is not driven by profit.

The cumbersome procedures for provident fund loans "scare off" some property buyers. Compared with commercial loans that can be consulted and handled at the sales office, it is really inconvenient to run provident fund management centers, banks, loan guarantee service agencies and sales offices for provident fund loans. Moreover, the provident fund loan itself has special requirements such as time and quota, and buyers often need to combine loans, so they have to spend more time on loan procedures.