1. Provident fund loans shall meet the following conditions:
1, participate in the housing provident fund deposit, and pay the housing provident fund in full for 6 months or more before the loan;
2. The borrower has a stable income and the ability to repay the principal and interest of the loan, and there is no large outstanding debt under his name when applying for the loan;
3. The borrower's personal credit is good, and there is no bad record such as overdue;
4. The borrower has paid the down payment of the house according to the regulations, which is usually 30% of the total house price;
5. When applying for housing provident fund loans, there are no outstanding provident fund loans under the names of the borrowers and their spouses. If any of them has outstanding provident fund loans, they cannot apply for housing provident fund loans.
2. What are the restrictions on provident fund loans?
1. Loan amount: Although you can borrow money to buy a house now, it is impossible to borrow as much as you want from a bank. The most obvious disadvantage of provident fund loans is the loan amount. Every city has a maximum loan limit, and the maximum amount applied by individuals and couples is also different. The minimum amount is only 450,000 yuan. For big cities with high housing prices, the amount of a house is at least 35 million yuan, which is simply not enough. This is also one of the important reasons why many people abandon the low-interest provident fund to apply for commercial loans.
2. Withdrawal quota: Some friends think that the provident fund loan quota is low, so it is better to withdraw it directly. However, what I didn't expect was that the withdrawal amount of the provident fund is limited, and there are many ways to withdraw the provident fund. Take the method of renting a house as an example. If you can provide rental contracts and invoices in Beijing, you can get them once a quarter. The monthly withdrawal amount cannot exceed the monthly deposit amount of my housing provident fund, nor can it exceed the monthly rent; If the invoice cannot be provided, only 1500 yuan can be withdrawn every month and only once every quarter.
In a word, the loan procedures in different places are troublesome: the deposit and use of provident fund are restricted by regions, and few cities support provident fund loans. At present, most cities only support provincial-level provident fund loans in different places, and few cities support national provident fund loans in different places, and there is no household registration restriction. Cities that support cross-provincial provident fund loans in different places can use this indicator. Therefore, people who frequently change their cities of residence are not suitable for using provident fund loans.