(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. China Industrial and Commercial Bank issued a loan settlement certificate for the borrower, and the borrower retrieved the mortgage registration certificate and other documents, and went to the original mortgage registration department to handle the mortgage registration cancellation procedures.
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.
China Industrial and Commercial Bank official website-Housing Provident Fund (Portfolio) Loan (Business Process)
China Industrial and Commercial Bank official website-housing loan