Provident fund loans do not necessarily require repayment using provident funds. A provident fund loan means that the borrower uses his or her own provident fund account to make a loan. To apply for a provident fund loan, you need to meet the application conditions. After the application is approved, the borrower needs to make repayments every month. As for whether the repayment money comes from the borrower's provident fund account, there is no hard and fast rule. The borrower can use the money in the provident fund account to make the repayment, or he can transfer the money in his bank card to the bank card for repayment. Make repayments here.

How to apply for a provident fund loan?

If a customer wants to apply for a provident fund loan, he or she must sign a purchase contract with the real estate developer and pay the down payment, and directly bring the down payment receipt and personal identity. Go to the business hall of the local housing provident fund management center to ask the counter staff to apply for a loan, and then get the application form and fill it out.

After filling out the form, submit it to the staff together with the information you brought. After the staff has sorted out the information, the review department will conduct an review based on the information. If the preliminary review is passed, a "Collateral Review" will be issued. Assessment Notice".

Then the customer goes to the designated appraisal agency to have the appraisal agency evaluate the value of the house and issue an appraisal report. Then the customer brings the evaluation report and preliminary review materials to the Housing Fund Management Center for final review. If the final review is passed, a "Housing Fund Management Center Guaranteed Entrusted Loan Investigation Notice" will be issued.

After that, the customer takes the "Housing Fund Management Center Guaranteed Entrusted Loan Investigation Notice" to go through the guarantee procedures, sign a loan contract with the trustee bank, and handle the real estate mortgage registration. Finally, the trustee bank will release the loan.

Conditions for application for provident fund loans

1. Urban employees and their units must pay housing provident fund continuously for one year.

2. When a borrower purchases a commercial house, he must have self-raised funds of no less than 30% of the total house price as the down payment for the house.

3. The borrower has stable economic income, good credit, and the ability to repay the principal and interest of the loan.

4. If both spouses pay the housing provident fund in full and normally, only one party is allowed to apply for a housing provident fund loan.

5. A family can only apply for a housing provident fund loan once to purchase one house at the same time.

6. The borrower must have a permanent residence in an urban area of ??the province (city) or a valid residence status.

7. Agree to use the purchased house as a mortgage.

Note: The above provident fund loan conditions are only for reference. Different cities have different requirements. The specific requirements of the local city shall prevail.