When decoration funds are insufficient, many owners will choose decoration loans, but the interest rate of commercial decoration loans of banks is too high, and many owners say they can't accept it, so they turn to provident fund loans one after another, but provident fund decoration loans are not as simple as commercial loans. Then apply for a provident fund renovation loan, okay? How to apply for a provident fund renovation loan? Below, we will bring you integrated information and answer them one by one, hoping to solve your problems.

Is it easy to apply for a provident fund renovation loan?

Applying for provident fund decoration loan mainly depends on whether you meet the conditions. If it meets the requirements, the application is a process. Those who do not meet the requirements cannot apply for the exam. The application conditions of provident fund renovation loan are as follows:

1. The lender must have permanent residence or valid residence status in this city;

2. Push forward from the date of application, and pay the housing provident fund in full for more than 2 months (if both husband and wife pay the provident fund, only one person is allowed to borrow);

3. There are contracts (agreements) and related materials for purchasing houses, building houses and overhauling self-occupied houses according to law;

4. There is a certain proportion of self-raised funds. For the purchase of commercial housing and affordable housing, the self-raised funds shall not be less than 20% of the total house price (for the purchase of second-hand houses or the construction and overhaul of houses, the self-raised funds shall not be less than 30% of the total house price);

5. Have a stable economic income and the ability to repay the loan principal and interest (monthly income certificate issued by the unit);

6. Agree to use the purchased house or the house with complete property rights or the house of a third party as collateral, or use securities or bank time deposit certificates recognized by the loan bank as collateral, or provide guarantees by legal persons, organizations or third parties recognized by the loan bank.

How to apply for a provident fund renovation loan?

Personal housing renovation loans refer to loans issued by banks to borrowers for renovating their own houses. The maximum proportion shall not exceed 50%, and the loan period shall not exceed 5 years.

When the borrower applies for a personal housing renovation loan, it shall provide the following information in addition to the borrower's handling of the personal housing loan: 1, original housing renovation contract or letter of intent, renovation budget and relevant information; 2. If there is a designated transfer merchant, provide the merchant's bank account number; 3. If the borrower's house has been mortgaged in the bank and has not been fully paid off, a copy of the personal housing loan contract of the original personal housing loan and proof of his mortgaged rights shall be provided; 4. Collateral appraisal report issued by an appraisal institution recognized by the lender.

After submitting the information and application form, you can wait for a reply. It usually takes 10~ 15 working days to get the news.

Is it good to apply for the provident fund renovation loan brought by Bian Xiao? How to apply? The whole content.