After everyone goes to work, the unit will buy you five insurances and one gold. Provident funds have many uses, such as decoration, buying houses and renting houses. Mortgage is a common usage. Today, I will introduce the application conditions of ICBC housing provident fund loans for your reference.
Housing provident fund loan application conditions
The application for individual housing provident fund loans must comply with the provisions of the housing provident fund management department on housing provident fund loans, and each region is slightly different. It is recommended to go directly to the bank for consultation. The basic conditions are as follows:
(a) with permanent residence in cities and towns or valid residence status;
(two) to participate in the housing provident fund and pay it normally;
(3) Having stable economic income, good credit and the ability to repay the principal and interest of loans;
(four) there are legal and effective contracts, agreements and other supporting documents for the purchase and overhaul of housing;
(five) there are self-raised funds above the prescribed minimum amount, and it is guaranteed to be used to pay the down payment for the purchased (overhauled) housing;
(6) Having assets that meet the conditions of mortgage or pledge, or (and) having legal persons, other economic organizations or natural persons with sufficient compensatory capacity as guarantors;
Apply for individual housing portfolio loans, as long as they meet the loan conditions of both individual housing mortgage loans and individual housing provident fund loans. It should be noted that the lenders (main lenders) of portfolio loans must be the same person.
In a word, provident fund loan is a common mortgage method now. It is best to consult the local provident fund management center before applying, so as not to meet the requirements and cause some trouble. In addition, some developers do not agree to use provident fund loans, but also need to negotiate in advance.
How long does it take for ICBC's provident fund loan?
It takes about 15 to 30 days to complete the ICBC provident fund loan. ICBC's provident fund loan process is as follows:
1, loan application. The borrower submits relevant application materials at the counter of ICBC, and ICBC will conduct preliminary examination after accepting them. After approval, it shall be submitted to the housing provident fund management center for review.
2, the housing provident fund management center to review and approve the loan application.
3. After being approved by the Housing Provident Fund Management Center, ICBC signs a loan contract and a guarantee contract with the borrower, and goes through the necessary formalities such as mortgage registration.
4. Then the borrower goes to the ICBC counter to fill in the loan transfer certificate. According to the loan contract, ICBC transferred the loan funds to the sales account opened by the developer in ICBC.
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to the national regulations, all employees who have paid the provident fund can apply for provident fund loans according to the relevant provisions of provident fund loans.
According to the regulations, employees who have paid housing provident fund for a certain number of years or more (the number of years varies from city to city, such as 12 months or more in Changsha) can apply for provident fund loans when the funds for purchasing, building, renovating or overhauling their own houses are insufficient.
Bank loan refers to an economic behavior that banks lend funds to people in need of funds at a certain interest rate according to national policies and return them within the agreed time limit.
Generally, a bank loan can only be applied if it has a guarantee, a house mortgage, a proof of income and a good personal credit.
Credit conditions
1, credit line
The credit line is the maximum amount that borrowers are allowed to borrow in the agreement signed between borrowers and banks.
2. Revolving credit agreement
Revolving credit agreement is a loan agreement that banks promise to provide enterprises with no more than a certain maximum amount according to law.
3. Compensatory balance
The compensatory balance is the minimum deposit balance that the bank requires the borrower to keep in the bank according to the loan limit or a certain proportion of the actual loan amount (generally 10% to 20%).
Mortgage, also known as house mortgage. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the notarization of real estate mortgage registration according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.
How to repay the loan more economically?
Compared with the two repayment methods, in the case of full repayment, the interest paid by "equal principal and interest repayment method" is higher than that paid by "average principal repayment method".
But not everyone should choose the "average capital repayment method" to repay the loan, but also combine their own financial situation.
For people with diversified incomes, the "average capital repayment method" can be adopted;
If the cash strength is relatively strong, but there is no willingness to repay the loan in advance, the "average capital repayment method" can be used to repay the loan. As time goes on, the repayment of each installment will gradually decrease. Although this repayment method has great pressure on funds in the early stage, it can alleviate the pressure in the future.
If you are a civil servant, an ordinary teacher, an ordinary scientific researcher, or you have a stable job or want a simple life, it is recommended to choose the "equal principal and interest repayment method" because this repayment method has the same repayment amount in each installment, which is conducive to better arranging your life in advance.
In addition, remember that if you want to repay the loan in advance, the interest paid will not be refunded. Friends who want to repay the loan in advance should comprehensively consider the amount of principal and interest that needs to be repaid in one lump sum, and then choose the "average principal repayment method" or "equal principal repayment method".
In addition, as a financial planner, I also want to remind my friends who want to repay the loan in advance, and also consider the opportunity cost of repaying the loan in advance.
How to apply for ICBC provident fund credit loan? I'll give you the answer in a minute.
When applying for provident fund loans, if there is no urgent need, most people will choose to use provident fund to apply for consumer loans. Not every financial institution supports borrowers to apply for provident fund credit loans. How does ICBC apply for provident fund credit loan? Give everyone an answer in one minute!
How to apply for ICBC provident fund credit loan?
First of all, the borrower needs to submit a written loan application, and submit his personal data, credit report and other related contents to the bank for approval. The bank will conduct preliminary examination and approval, and then submit the information to the local housing provident fund management department, and the relevant results will be given after examination and approval.
Conditions for applying for ICBC provident fund credit loan: 18 years old or above, with full capacity for civil conduct; Have good personal credit, and no credit stain of overdue repayment; Have a stable source of income and the economic strength to repay loans on time; The provident fund has been paid continuously for more than 6 months.
After the borrower's application for provident fund credit loan is approved, ICBC will notify the borrower to sign a loan contract at the bank and go through the relevant formalities. After that, the borrower needs to go to ICBC to fill in the repayment card and other related contents, and ICBC will arrange the loan. After the loan is completed, the borrower needs to repay the loan in strict accordance with the repayment date and amount agreed in the contract.
If the borrower wants to repay the loan in advance, he needs to apply to the bank for prepayment at least 7 working days in advance. After the bank agrees, the borrower will go to the bank to handle the contract change with the loan contract and other related materials.
The above is the related content sharing of "How to apply for ICBC provident fund credit loan", hoping to help everyone!
Interest on provident fund loans
List of interest rates of provident fund loans of banks in 2022
1, central bank: the interest rate of housing provident fund loans for less than five years (including five years) is 2.75%, and the interest rate for more than five years is 3.25%;
2. Industrial and Commercial Bank of China: the interest rate of housing provident fund loans for less than five years (including five years) is 2.75%, and the interest rate for more than five years is 3.25%;
3. Agricultural Bank: the interest rate of housing provident fund loans for less than five years (including five years) is 2.75%, and the interest rate for more than five years is 3.25%;
4. China Construction Bank: the interest rate of housing provident fund loans for less than five years (including five years) is 2.75%, and the interest rate for more than five years is 3.25%;
5. Bank of China: the interest rate of housing provident fund loans for less than five years (including five years) is 2.75%, and the interest rate for more than five years is 3.25%;
6. Bank of Communications: the interest rate of housing provident fund loans for less than five years (including five years) is 2.75%, and the interest rate for more than five years is 3.25%;
7. China Merchants Bank: the interest rate of housing provident fund loans for less than five years (including five years) is 2.75%, and the interest rate for more than five years is 3.25%;
8. CITIC Bank: the interest rate of housing provident fund loans for less than five years (including five years) is 2.75%, and the interest rate for more than five years is 3.25%;
9. China Everbright Bank: the interest rate of housing provident fund loans for less than five years (including five years) is 2.75%, and the interest rate for more than five years is 3.25%;
10, Shanghai Pudong Development Bank: the interest rate of housing provident fund loans for less than five years (including five years) is 2.75%, and the interest rate for more than five years is 3.25%;
1 1, Shenzhen Development Bank: the interest rate of housing provident fund loans for less than five years (including five years) is 4%, and the interest rate for more than five years is 4.5%;
12, Ping An Bank: the loan interest rate of five groups of slim housing provident fund is 2.75% for less than five years and 3.25% for more than five years;
13, guangfa bank: the loan interest rate of housing provident fund for less than five years (including five years) is 2.75%, and the interest rate for more than five years is 3.25%;
14, Huaxia Bank: the interest rate of housing provident fund loans for less than five years (including five years) is 2.75%, and the interest rate for more than five years is 3.25%;
15. Minsheng Bank: the interest rate of housing provident fund loans for less than five years (including five years) is 2.75%, and the interest rate for more than five years is 3.25%;
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ICBC Housing Provident Fund Loan Steps
(1) Acceptance of loan application. The borrower submits a written loan application and relevant materials, which are accepted by the bank and handed over to the housing provident fund management department.
(2) loan approval. The housing provident fund management department shall examine and approve the loan.
(3) sign a loan contract. After being approved by the housing provident fund management department, ICBC will inform you to sign the loan contract and guarantee contract, and go through the necessary formalities such as mortgage registration.
(4) issuing loans. You must come to ICBC to fill in the loan transfer voucher, and ICBC will transfer the loan funds to your house sales account in one lump sum or in several installments according to the loan contract.
(5) Repayment on schedule. After the loan is issued, you must repay the principal and interest of the loan according to the repayment plan and repayment method agreed in the contract.
(6) Contract change. During the execution of the Contract, the Borrower may apply to Industrial and Commercial Bank of China or Housing Fund Management Department to change the loan term, repayment method, prepayment, etc. After approval, ICBC will handle the contract change procedures for the borrower.
(7) loan settlement. ICBC issues the loan settlement certificate for the borrower, and the borrower gets back the mortgage registration certificate and other documents, and goes through the mortgage registration cancellation formalities at the original mortgage registration department.
Extended data
The basic conditions to be met include:
(a) with permanent residence in cities and towns or valid residence status;
(two) to participate in the housing provident fund and pay it normally;
(3) Having stable economic income, good credit and the ability to repay the principal and interest of loans;
(four) there are legal and effective contracts, agreements and other supporting documents for the purchase and overhaul of housing;
(five) there are self-raised funds above the prescribed minimum amount, and it is guaranteed to be used to pay the down payment for the purchased (overhauled) housing;
(6) Having assets that meet the conditions of mortgage or pledge, or (and) having legal persons, other economic organizations or natural persons with sufficient compensatory capacity as guarantors;
Apply for individual housing portfolio loans, as long as they meet the loan conditions of both individual housing mortgage loans and individual housing provident fund loans. It should be noted that the lenders (main lenders) of portfolio loans must be the same person.