Housing portfolio loan requirements
1. The age of the applicant is required to be no more than 65 for men and no more than 60 for women, and the applicant has full capacity for civil conduct;
2. Pay the housing provident fund in full and on time. When applying for portfolio loan, the housing accumulation fund has been paid continuously for 12 months or more, and it is in normal payment state;
3. The applicant has a stable income and job, and has the ability to repay the principal and interest of the loan on time;
4. The down payment shall not be less than 20% of the total price of the purchased house or local regulations;
5. Other conditions stipulated by the lending bank.
Processing procedure of portfolio loan
Step 1: Apply for a loan at the loan bank.
The borrower holds a copy of the house purchase contract and the developer's house sales license, ID card, housing provident fund savings magnetic card and seal (marriage certificate or other proof of husband-wife relationship is required for couples to use housing provident fund loans) to apply for housing provident fund loans to the real estate credit departments of CCB in all districts and counties, and fill out the Application Form for Individual Housing Provident Fund Loans (Combined Loans).
Step 2: Bank audit
According to the information provided by the borrower, the loan bank examines whether the borrower meets the loan conditions, calculates the loan amount and determines the loan term.
Step 3: Sign a loan contract with the loan bank.
After the loan bank examines the borrower's application, the borrower signs a loan contract and a mortgage contract with the bank (signing a pledge contract without housing guarantee).
Step 4: Go to the property right department to handle the loan guarantee procedures.
There are two ways to guarantee housing provident fund loans (portfolio loans), and borrowers can choose either one according to their actual situation.
Step 5: Go through the formalities of housing mortgage insurance.
After the borrower completes the mortgage or pledge formalities in the property right department, it shall submit the loan information together with the loan contract, mortgage contract (pledge contract), house ownership certificate and mortgage certificate to the loan bank for household insurance procedures.
Step 6: Sign the repayment agreement and transfer money.
If repayment is made by withholding savings card, the borrower shall go to the savings outlets of CCB to apply for withholding savings card repayment, and sign a withholding agreement with the lending bank. Where the entrusting unit withholds repayment, the unit shall sign an agreement with the loan bank.
Step 7: Bank Transfer
The borrower shall go to the loan bank to handle the payment formalities according to the time agreed with the loan bank, and the loan bank will transfer the money to the selling unit; The borrower shall withdraw the loan for repair and construction as agreed in the loan contract.