Now I heard that major banks have stopped housing loans, so can I still get loans from the housing provident fund?

The major banks have not stopped housing loans, but it is more difficult. Of course, housing provident funds can also provide loans.

When it comes to social security, everyone can say a word or two about its importance, and everyone knows that social security payments cannot be stopped. But when it comes to provident funds, many people don't take it seriously and don't even want to pay for provident funds every month. In fact, this is unwise! Smart people will choose to work in a company that pays five insurances and one fund, because they know that the benefits of provident funds are beyond our imagination.

1. Buying a house with a loan

As ordinary people, we work hard, mostly to save money to buy a house. With the provident fund, we can reduce the pressure of buying and selling. Because provident fund loans can be used to buy houses, and the interest rates of provident fund loans are much lower than commercial loan interest rates, so many people use provident fund loans when they can get a loan.

2. Withdrawal when buying a house

Some people do not need provident fund loans to buy a house, but the money in the provident fund account can also be withdrawn when buying a house, or during the process of buying a house. Withdraw provident fund in one lump sum.

3. Pay the rent

Wandering in a foreign country, rent is also a major expense in our daily life. Before buying a house, we can only rent a house. At this time, we can withdraw the provident fund to pay the rent and reduce the cost. The stress of life.

4. Payment for major illnesses

If a family member unfortunately suffers from a major illness and lacks money for treatment, employees can also withdraw their provident funds to pay for medical expenses.

5. Withdrawal and use by families with difficulties in subsistence allowances

Employees with relatively poor families can withdraw their provident funds as living expenses to solve their financial difficulties.

6. Enjoy tax exemption

Housing provident fund is exempt from personal income tax. When we calculate taxes now, we deduct the five insurances and one housing fund and then calculate it.

7. Can be used as a pension

After we retire at an old age, we can withdraw the principal, interest and balance in one lump sum with relevant materials to ensure the quality of life.

In addition to buying and renting a house, provident fund also has some hidden "skills":

When your own provident fund is not enough, you can withdraw your parents' provident fund to buy a house; the balance of the provident fund can be inherited as a legacy Distribution; if you change your job in the city, the provident fund can be withdrawn.

Compared with the five social insurances, the use of provident funds is very flexible, but no matter what kind of use it is, it can come in handy at critical moments.

Will the suspension of second-hand housing loans have an impact on provident fund loans?

Housing provident fund loans are loans for housing provident fund depositors to purchase their own homes. They are not necessarily related to housing loans from commercial banks. The suspension of second-hand housing loans by banks will not affect provident fund loans.

Can I still get loans from the Provident Fund when the Red Bank stops lending in November?

The bank's loan moratorium does not affect provident fund loans. As long as you meet the conditions for providing provident fund, you will apply for a provident fund loan when you buy a house.

About provident fund loans.

Housing provident fund loans are loans enjoyed by employees who have paid housing provident funds. According to national regulations, all employees who have paid housing provident funds can apply for personal housing provident fund loans in accordance with the relevant provisions of provident fund loans.

Commercial loans are called personal housing loans. They are commercial banks and housing savings banks approved by the People's Bank of China. They provide loans for urban residents to purchase ordinary houses for self-use, and the statutory loan interest rates are enforced.

The difference between provident fund loans and commercial loans

Difference 1: loan interest rates are different

The base interest rate for commercial loans over 5 years is 4.9%, and for provident fund loans over 5 years The interest rate is 3.25%.

Difference 2: Different loan ratios

For the same house, if the commercial loan in the city is 70% for the first house, then the pure provident fund loan for the first house can be almost all 80%.

Difference 3: The loan process is different

When applying for a commercial loan, the loan must be reviewed before the transfer of ownership, while for a provident fund loan, the loan must be reviewed after the transfer of ownership.

Difference 4: Different approval times

The approval time for commercial loans is about 20 working days, and provident fund loans take about 40 working days. Commercial loans are faster than provident fund loans.

Difference 5: Different loan sources

The source of commercial loans is mainly public funds raised by commercial banks and other lending institutions, while provident fund housing loans are funds paid by provident fund payers.

Difference 6: Different user groups

Commercial loans are open to all eligible members of the public, while provident fund loans are only open to provident fund-paying employees.

Difference 7: Different uses of interest

The interest on commercial loans is the profit from business activities and belongs to the relevant investors, while the interest on provident funds has policy-specified purposes and can only be used Construction of affordable housing.

Difference 8: Different approval agencies

Commercial loans are mainly approved by banks, and the decision-making power rests with the bank; provident fund housing loans need to be approved by the provident fund management center, and the decision-making power rests with the provident fund management center and the bank Just the executive body.

Difference 9: Different years and quotas

Different banks and different city provident fund management centers have different regulations. Generally speaking, commercial loans can choose longer and more flexible loan repayment periods and larger quotas. high.

Difference 10: Second-home loans are different

Commercial loans have more policy restrictions on second-home loans and have higher interest rates; while provident fund loans are more affected by policies on second-home loans. Small, you can still enjoy preferential interest rates.

To sum up, commercial loans and provident fund loans are not only different in interest rates, but also in terms of review and second home loans. This also reminds home buyers that the most important thing to consider when looking for a job is It is better to find an employer that can pay the housing provident fund for you, so that you can have more choices when choosing a loan to buy a house.

After the retirement provident fund ceases, the bank loan interest rate will remain unchanged

It will remain unchanged. The interest rate of provident fund loans is based on the date you issue the loan. The interest rate of provident fund loans when the loan is issued is whatever it is. It will be adjusted every year thereafter.

The current provident fund loan interest rate was adjusted and implemented on June 28, 2015. The provident fund loan interest rate for more than five years is 3.5%, and the monthly interest rate is 3.5%/12. The provident fund loan interest rate for five years and below is the annual interest rate. 3.0%, the same nationwide.

(1) The bank loan interest rate is based on a comprehensive evaluation of the loan's credit situation. The loan interest rate level is determined based on the credit situation, collateral, national policies (whether it is the first home), etc., if all aspects The reviews are good, and the mortgage interest rates executed by different banks vary.

(2) In 2011, due to financial constraints and other reasons, some banks implemented first-home loan interest rates of 1.1 times or 1.05 times the benchmark interest rate. Since 2012, most banks have adjusted first-time home interest rates to benchmark interest rates. In early April, banks began to implement preferential interest rates for first home loans. The maximum discount on interest rates of some banks can reach 15% off. The interest rate after a 15% discount for a period of more than five years is 6.55%0.85=5.5675%. It has been tightened since the third quarter and early 2013 due to tight capital supply and insufficient credit funds. The interest rate for a first-time home is generally between the base interest rate and 15% off.

What to do with the loan after the provident fund payment is stopped

Legal analysis: Provident fund is an affordable housing system, and provident fund loans are much less stressful than commercial loans. If the provident fund is approved, the supply will be cut off, and you may be It was determined to be welfare fraud. At present, there are express provisions in many big cities that for those who immediately seal their account or stop paying housing provident fund after applying for a housing provident fund loan, according to the housing provident fund entrusted loan contract, the housing provident fund loan borrower shall have a housing provident fund loan for three consecutive months or a total of six consecutive months. If the housing provident fund is not paid in full and on time every month, the housing provident fund management shall order the person to make up the arrears of the housing provident fund and pay the housing provident fund in full and on a regular basis during the loan period. If he refuses to pay the deposit, the provident fund management center has the right to terminate the payment. Loan contracts, recovery of housing provident fund loans issued or execution of commercial loan interest rates. Housing provident fund loans generally require homebuyers to establish a housing provident fund account for a certain period of time and pay the housing provident fund normally for a certain period of time before they are eligible to apply for a provident fund loan.

Legal basis: "Regulations on the Administration of Housing Provident Fund"

Article 15 When a unit hires employees, it shall go to the Housing Provident Fund Management Center to register for deposit within 30 days from the date of employment. And with the review documents from the Housing Provident Fund Management Center, go to the entrusted bank to handle the establishment or transfer procedures of the employee housing provident fund account.

If the unit terminates the labor relationship with its employees, the unit shall go to the Housing Provident Fund Management Center to handle the change registration within 30 days from the date of termination of the labor relationship, and with the review documents from the Housing Provident Fund Management Center, go to the entrusted bank to handle the transfer or sealing of the employee housing provident fund account formalities.

Article 26 Employees who have paid housing provident funds may apply for housing provident fund loans from the Housing Provident Fund Management Center when purchasing, constructing, renovating, or overhauling their own homes. The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant; if the loan is granted, the entrusted bank shall handle the loan procedures. The risks of housing provident fund loans are borne by the housing provident fund management center.