After the provident fund is sealed, it is temporarily impossible to use the provident fund loan to buy a house, which has no effect on commercial loans. Provident fund loans generally require continuous payment of provident fund for a certain period of time, and the storage of provident fund is caused by failure to pay provident fund. You can't apply for provident fund loans if you stop paying.
How to apply for provident fund loan to buy a house 1 Borrower's application: the borrower provides loans to the provincial provident fund management center as required. Credit investigation and loan approval: the loan undertaking bank conducts a credit investigation on the borrower before the loan, puts forward opinions and fills in the Investigation and Approval Form for Individual Housing Provident Fund Loan and Portfolio Loan for approval. The borrower may, within 7 working days after accepting the loan application, consult the loan undertaking bank for approval results.
2. Signing the loan contract: After receiving the notice from the loan undertaking bank, the borrower and the authorized person of * * * come to handle the loan contract signing formalities with their ID cards and debit account numbers, and send the loan contract to the developer for signature and seal, and then hand it over to the undertaking bank.
3. Go through insurance and mortgage registration procedures: the loan must go through insurance and mortgage registration procedures, and the relevant expenses shall be borne by the borrower. Loan transfer: After confirming that the mortgage registration has been completed and the loan contract has come into effect, the loan undertaking bank will transfer the loan to the account designated by the borrower and the borrower on the date agreed in the contract, and send the loan receipt to the borrower.
4. Loan recovery: From the next month, the borrower shall repay the loan according to the loan contract. Borrowers can only apply for early repayment after one year of borrowing. If the loan is less than one year, and the borrower needs to repay in advance due to reasons such as going abroad, transferring from this city, transfer of property rights, return of house, etc., relevant certificates shall be submitted.
What's the use of provident fund? 1, used to buy a house. If you want to borrow money to buy a house, you can apply for a provident fund loan. The low interest rate of provident fund loans can save a lot of loan interest for loan users. If you don't apply for a loan, you can withdraw the provident fund at one time to pay the down payment for the house; Users who have applied for commercial loans to purchase houses can withdraw the provident fund to repay the loan principal and interest on a monthly basis;
2, due to the construction, renovation or overhaul of housing, provident fund depositors have to build their own housing, or renovation, overhaul of their own housing needs, you can apply for a one-time withdrawal of housing provident fund, due to pay housing construction, renovation, overhaul housing costs;
3. for renting a house. Some urban provident funds can also be used for renting houses. If the monthly rental expenditure exceeds a certain proportion of the family income of the depositor of the provident fund, then the provident fund can be withdrawn monthly to pay the housing rent;
4, used to treat major diseases. If the family members of the provident fund payer are unfortunately suffering from serious diseases, they can apply for withdrawing the provident fund to pay medical expenses and reduce the family burden;
5. The payer of the provident fund retires; Retire; Those who go abroad to settle down may apply for a one-time withdrawal of the provident fund. For retirees, one-time withdrawal of provident fund is a considerable pension.