What is provident fund?
"Provident fund is a policy fund for housing, and it is a welfare continuation after the state cancels the welfare housing distribution. Employers pay housing provident fund for employees, and employees can enjoy some preferential policies, such as using housing provident fund loans to buy a house. "
Housing accumulation fund refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees.
From July 1 2065438, all housing provident fund management centers in China will handle the transfer and connection of housing provident fund in different places through the platform in accordance with the requirements of the National Operating Rules for the Transfer and Connection of Housing Provident Fund in Different Places issued by the Ministry of Housing and Urban-Rural Development.
1, the interest rate of provident fund loans is lower than that of commercial loans, because provident fund loans are policy loans entrusted by the provident fund management center to commercial banks. . . This is a bit like workers in socialist countries (because provident fund can only be run by people with urban hukou). Everyone has the meaning of housing. . .
Since you say you don't want to tell the purpose, it is generally impossible. The risk management of this bank is strictly controlled. However, you can try to apply for a mortgage credit loan (you can borrow it at any time within 1 year after completion). The interest rate of this loan is stipulated, and the maximum term is 30 years. The mortgage rate is generally not higher than 70%, and the loan amount is your house valuation x mortgage rate (determined by this bank). However, if your existing house is a house with outstanding loans, you need to deduct the available loan amount (that is, the amount you can borrow) from the outstanding loan amount. For example, the valuation 1 10,000, the mortgage rate is 70%, but the house loan is still 200,000. The amount is 700,000 pounds, and the available loan amount is 700-20 = 500,000 pounds. .
3. The longest time is calculated like this. Borrowers are generally men under 65 and women under 60 (that is, five years after the statutory retirement age). The longest loan period of provident fund loans is 30 years. If you say you are 40 years old, you can borrow it for 25 years (65-40 years). Please note that this period cannot exceed 30 years. Second-hand houses cannot exceed the remaining service life of the house.
These are all theories. Specifically, it is necessary to go to various banks for on-the-spot consultation (this is like China saying that the people are the masters of the country, but now anyone who hangs the people's brand can enter at will, except a people's hospital, but the people are unwilling to enter).