This method is not feasible, because the provident fund loan arrears are ultimately transferred directly from the bank to the developer's account. After receiving the transfer, the developer needs to issue a full purchase invoice to the home purchaser, so it is impossible. Receive provident fund loan money. Secondly, when using a provident fund loan, a down payment of 50% is generally required. If your financial ability is not very strong, you can choose to use a combination of provident fund and commercial loans for loans, which can alleviate the down payment pressure.

1. What is a provident fund loan?

A provident fund loan means that an individual has paid a provident fund in the social security system. When the deposit time is longer than one year, he or she will be eligible for a provident fund loan. A provident fund loan is a special welfare loan provided by the state to employees. , after an individual passes the application, he or she can apply for a provident fund loan when buying a house. After obtaining the loan amount, it can be used to pay for the purchase of a house. The interest rate of a provident fund loan is much lower than that of a commercial loan bank, so using a provident fund loan reduces the pressure on many people to buy a house. a lot of.

2. How to apply for provident fund loan?

When applying for provident fund loans, the use of provident funds is slightly different in various regions across the country, and each city has different policy directions. However, the process and material preparation for applying for provident funds are similar. Generally, when applying for housing provident funds, , personal identity information needs to be verified. Generally, it is required to have a permanent urban household registration or other temporary residence ID in this city. When using a provident fund loan, the provident fund hall will investigate the individual's income and credit. If the individual is in the credit investigation If there are overdue or arrears on the report, it will be affected when applying for provident fund loans. When using provident fund loans, you must first have a provident fund account, and the payment period of the provident fund account has expired for more than one year before you are eligible to apply. When applying, bring your personal social security information and personal identity information to the housing department where you want to buy a house. The housing sales department will provide the information and go to the provident fund hall to apply.

3. Are there any restrictions on provident fund loans?

There are many restrictions on provident fund loans. First of all, there is a maximum limit for provident fund loans. When only one of the couple pays provident fund, the loan amount cannot exceed 60% of the property value. If both spouses pay provident fund, then both parties You can enjoy the maximum amount within the local policy.