According to the notice, the new policy will be implemented on March 1 2020. The new policy adds the sequential mortgage method of enterprise loans, the floating of loanable amount, the unified setting of the longest loan period of 30 years, the new repayment method in average capital, the new extension method, the cancellation of the early repayment period, the change of repayment period, the suspension of loans 12 months and the collection of liquidated damages.
Specifically, employees who have used commercial loans to purchase owner-occupied housing in this city can apply to convert part or all of their commercial loans into provident fund loans, and no longer require to convert them into pure provident fund loans.
Dongguan Housing Provident Fund Management Center explained that since 20 1 1 Dongguan tried to convert commercial loans to public loans, the requirement for commercial loans to public loans is that they must be converted into pure provident fund loans. With the rising of housing prices, the voice of the masses demanding to increase the sequential mortgage method of commercial-to-public loans is getting higher and higher. Employees can convert part or all of their commercial loans into provident fund loans, and they are no longer required to be pure provident fund loans. This will open the door for employees who cannot pay off the difference between commercial loans and provident fund loans to apply for provident fund loans, which is of practical significance for employees who did not meet the conditions of provident fund loans in the early days but can now apply for business transfer.
The conditions for applying for a floating loan amount show that the loanable loan amount can be up to 20% on the basis of the calculation formula, but it must not exceed the prescribed limit, and the floating loan amount is not accumulated. The "Notice" clarifies that the maximum loan amount determined is 1.2 million yuan for the first suite and 800,000 yuan for the second suite.
In addition, the "Notice" shows that only first-hand houses with a building area of less than 90 square meters (including business-to-public) can apply for loans for up to 30 years, and this restriction is now lifted. To apply for a maximum loan period of 30 years, it is only necessary to review the land use right of the mortgaged house if the loan period does not exceed 5 years after the statutory retirement age of employees.
Dongguan Housing Provident Fund Center indicated that it could apply for an extension of the provident fund loan before the announcement of the Notice, but it could only be loaned for 20 years at that time.
According to the notice, during the normal repayment period, you can apply for an extension of the loan term, but the maximum is not more than 30 years, and the statutory retirement age of the borrower and the land use right of the mortgaged house expire five years.
In terms of repayment method, the notice shows that on the basis of retaining the repayment method of equal principal and interest, the repayment method of equal principal is added. Once the loan contract is signed, the change of repayment method is temporarily not supported.
The following is the original text:
Workers who deposit housing provident fund:
The Measures for the Administration of Personal Housing Loan of Housing Provident Fund in Dongguan (hereinafter referred to as the "Loan Measures") will be implemented on March 1 2020, and the new loan business guide and the Personal Housing Loan and Guarantee Contract of Housing Provident Fund in Dongguan will be launched simultaneously. The main changes of the housing provident fund individual housing loan policy in our city and the key points of the loan policy to continue to be implemented are hereby notified as follows:
First, the mortgage method for the new business loans.
Employees who have used commercial loans to purchase self-occupied housing in this city may apply to convert part or all of the commercial loans into provident fund loans, and no longer require to convert them into pure provident fund loans.
Two. Fluctuation of new loanable amount
If you buy prefabricated houses, special talents recognized by this Municipality or apply for loans, and you have not withdrawn the provident fund for five consecutive years (accumulated remittance for 60 months), the maximum loanable amount can be increased by 20% on the basis of the amount calculated by the calculation formula, but it shall not exceed the limit specified in Article 10 of the Loan Measures, and the accumulated floating amount is not allowed.
Three, the longest loan period is set at 30 years.
It turns out that only first-hand houses with a building area of less than 90 square meters (including business-to-public) can apply for loans for up to 30 years. Now this restriction has been lifted. To apply for a maximum loan period of 30 years, it is only necessary to review the land use right of the mortgaged house if the loan period does not exceed 5 years after the statutory retirement age of employees.
Four. Increase the repayment method of equal principal.
On the basis of retaining the repayment method of equal principal and interest, increase the repayment method of equal principal. Once the loan contract is signed, the change of repayment method is temporarily not supported.
New Popularization Practice of verb (abbreviation of verb)
During the normal repayment period, you can apply for an extension of the loan term, but the longest is not more than 30 years, and the borrower's legal retirement age and the land use right of the mortgaged house expire 5 years.
Six, cancel the early repayment, repayment period changes.
When applying for prepayment or term change (shortening or extending), the borrower is no longer required to have repaid at least 12 months.
Seven, the loan 12 months after the penalty will be charged.
If the depositor fails to go through the holdover formalities or cancel the housing provident fund account due to death, divorce (retirement) or settlement abroad, the borrower will stop paying the housing provident fund 12 months continuously after the loan is issued, and the municipal housing provident fund management center and the lender will recover the loan in advance or collect liquidated damages according to the loan interest rate agreed in the loan contract until the housing provident fund is paid normally for 6 months.
Eight, the purchase of commercial housing transactions should apply for loans in a timely manner after the transfer procedures.
If the house has been transferred to the buyer's name after purchasing the re-traded commodity house, it shall apply for a loan within 3 months from the date of issuance of the real estate ownership certificate.
IX. Verification method for adjusting supply-income ratio
The monthly repayment amount of provident fund loans shall not be higher than the specified proportion of the monthly income of employees' families, and the monthly repayment amount of total family debts shall not exceed the specified range. The scope of debt includes but is not limited to commercial loans and guarantees provided to third parties.
X. Contents of relevant indicators in Article 29 of the Loan Measures
Article 8 (2) Credit standing: See the Loan Service Guide for details.
Term specified in Item (3) of Article 8: Open an account and pay the provident fund in full every month within 6 months.
The scope specified in Item (5) of Article 8: It shall not exceed 60% of the family income (the deposit base of employees and their spouses).
Article 10 (1) The maximum loan amount: 6,543,800 yuan for the first suite and 800,000 yuan for the second suite.
The proportion stipulated in Item (2) of Article 10: 70% for the first local suite, 60% for the second local suite and 60% for applications from other places.
The proportion stipulated in Item (3) of Article 10: 60%.
Article 11 Parameters of the formula for calculating the loanable amount: See the Loan Business Guide for details.
Term agreed in Article 15 (1): 60 days.