Can provident fund loans shorten the repayment period?

Provident fund loans can reduce the loan repayment period. Whether it is a composition loan or a pure provident fund loan, you can also apply to reduce the repayment period, but you must go to the entrusted mortgage loan bank to apply. There is no need to contact the Municipal Housing Provident Fund Management Office. What should you pay attention to when applying for provident fund loans?

1. Prepare loan materials.

Processing procedures for provident fund loans are complicated. In order to save loan review time and ensure successful loan approval, borrowers should prepare loan materials as required before taking a loan. If you are not sure what materials you need to prepare, you can go to the local Personal provident fund management office information consultation.

2. Consider the loan regulations clearly.

Before applying for a provident fund loan, there is another thing that is very important - consider the loan regulations clearly.

It is understood that provident fund loans are not available to everyone. Only employees who have paid and deposited their personal provident funds on time for a certain period and whose accounts are still in normal deposit status will apply. In addition, there are certain differences between provident fund loans and commercial loans in terms of loan credit limit and term, which borrowers must understand.

3. If the provident fund loan limit is not enough, commercial loans can be used for the remaining accounts.

Because the provident fund loan credit limit is limited by various factors (such as payment base, balance, etc.), sometimes it is inevitable that the borrower will not be able to pay the house payment with the loan credit limit. Sometimes many people will give up provident fund loans and choose commercial loans. In fact, there is no need to do this. In this case, the borrower can choose to form a loan, that is, the loan method of "commercial loan + provident fund loan".

4. Make loan repayments on time.

After successfully obtaining a loan, the borrower must repay the loan on time as stipulated in the contract to prevent bad credit records from affecting future loan and credit card applications. The concept of first home?

1. The first house refers to the purchase of only one house, based on the national standards for first house. The People's Bank of China requires that urban residents in my country purchase housing with preferential policies such as preferential annual interest rates on mortgage loans and low down payment ratios.

2. The so-called "first house" must meet three conditions at the same time: the home buyer is over 18 years old; the house purchased is an ordinary residence of 90 square meters or less (ordinary residences of 90 square meters or less are entitled to property tax The tax rate is 1% preferential); the home buyer does not purchase a house alone or with others. However, this is except for those who purchased with their parents, purchased in accordance with housing reform policies, and obtained housing through inheritance or demolition resettlement.

3. If you want to enjoy various tax exemptions and loan concessions according to the purchase of "first home", the home buyer needs to submit an application by himself, and go to the house to buy with the purchase contract and ID card. Submit an application for real estate transactions in the county where you are located. Each transaction must provide proof of first-time home purchase within 7 working days from the date of review. How to identify the first home?

1. If you buy a house with a loan, the commercial loan has been paid off, and you can then buy a house with a loan, it will be considered your first house.

2. I bought a house with a loan and later sold it. According to the house registration system, the real estate cannot be found, but the loan record can be found in the People's Bank of China's credit system. If I then take a loan to buy a house, it is considered my first house.

3. Buying a house with full payment and taking out a loan is considered your first house.

4. You bought a house with full payment and then sold it. If the real estate cannot be found in the house registration system software, you then take out a loan to buy a house, which is considered your first house.

5. I have commercial loan records for two houses in my name, all of which have been settled and sold. At the same time, I can provide relevant certificates for the sale of the two houses. In this case, when refinancing, the first payment will be counted. suite. .

6. One commercial loan under my name has been paid off, and the other housing provident fund loan has been sold. At the same time, I can provide relevant proof of the sale of the house and apply for a commercial loan before buying a house, which is considered my first house. .

7. For a couple, one party used a commercial loan for property before marriage, and the other party used a provident fund loan to purchase a house before marriage. After marriage, the two people want to take a loan together in the name of the couple. If the loan has been settled, banking financial institutions can also flexibly grasp the loan interest rate and mortgage down payment ratio based on specific factors such as the borrower's capital adequacy ratio and personal credit situation.

8. For a couple, one party bought a house before getting married but has no loan record, and the other party has a loan record before getting married but has no real estate property. If they apply for a loan to buy a house after marriage, it will be considered their first home.