The interest rate of housing provident fund loans is lower than that of commercial banks. The annual interest rate of housing provident fund loans for less than five years (including five years) is 4. 14%, the lowest for commercial banks is 5.427% for 1-3 years (including three years) and 5.508% for 3-5 years (including five years). The annual interest rate of housing provident fund loans for more than five years is 4.59%, and the minimum interest rate of personal housing loans of commercial banks is 5.75 1% in the same period.
Steps for handling provident fund loans:
1. The real estate appraisal agency designated by the Housing Provident Fund Management Center evaluates the transaction house, determines the loan amount, term and repayment method, evaluates the transaction house, and determines the loan amount and the value of the house (collateral) to be traded by both parties. Both parties to the transaction should actively cooperate. According to the pre-assessment report issued by the assessment agency, the transaction price of both parties and the repayment ability of the borrower, the center pre-examines the loan amount and term to be applied by the employees, and issues the Pre-examination Confirmation Form for the Loan Amount and Term of Housing Provident Fund Second-hand Housing to the employees.
2. The employee who puts forward the loan demand and intends to apply for the second-hand housing loan shall submit the borrower's (spouse's) salary income and housing provident fund deposit certificate (in triplicate) and the original and photocopy of the housing ownership certificate before the transaction, and the business personnel shall review and confirm whether the employee's housing provident fund deposit is normal and whether the employee's (spouse's) salary income certificate is true and standardized.
3. Choose the loan guarantee method. Second-hand housing provident fund loan guarantee methods are divided into installment guarantee plus mortgage and mortgage. Borrowers can choose independently according to their own actual situation. If the second-hand housing loan is handled by installment guarantee and mortgage, the guarantee company selected by the borrower shall bear the installment joint liability guarantee for the borrower before the mortgage registration formalities of the house purchased by the borrower are completed and the house ownership certificate is signed by the entrusted bank. If the second-hand housing loan is handled by mortgage, the borrower shall go through the mortgage registration formalities before the loan is issued, and the house ownership certificate shall be kept by the entrusted bank.
4. Sign the house transfer contract, handle the self-raised fund delivery, the buyer and the seller handle the house transaction formalities, receive the house evaluation report, sign the house transfer contract, handle the self-raised fund delivery, the buyer and the seller handle the house transaction formalities and self-raised fund delivery. Both parties to the transaction can make delivery under the witness of the guarantee company (the entrusted bank), or they can choose to be supervised and paid by the entrusted bank.
5. Fill in the Application Form for Housing Provident Fund Loan and submit all loan application materials as required (including housing appraisal report, housing provident fund loan application form and all loan application materials including housing appraisal report as required). If the second-hand housing loan is handled by installment guarantee and mortgage, the guarantee company may submit the loan application materials to the center on behalf of the borrower; If the second-hand housing loan is handled by mortgage, the borrower himself shall submit the loan application materials.
6. Bank Lending With the gradual increase of bank loan interest and the cancellation of the first home loan interest rate concession, the interest cost of using commercial loans to buy a house is getting higher and higher, which is higher than that of housing provident fund loans. If you have the conditions for housing provident fund loans, using provident fund loans is the most cost-effective way.
7, audit, examination and approval, audit
8, signed a loan contract and other procedures
Regulations on the administration of housing provident fund
Article 26
Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses.
The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities.
The risk of housing provident fund loans shall be borne by the housing provident fund management center.
Article 27
Applicants who apply for housing provident fund loans shall provide guarantees.
Article 28
The housing provident fund management center can use the housing provident fund for the purchase of government bonds with the approval of the housing provident fund management Committee on the premise of ensuring the withdrawal and loan of the housing provident fund.
The housing provident fund management center shall not provide guarantees to others.