House decoration can use provident fund loan, which is another form besides provident fund loan in mortgage to buy a house.

The renovation of the provident fund must meet the following conditions: Generally speaking, the house to be renovated has an area of over 70 square meters and the age of the house is within 15 years.

Housing accumulation fund refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees.

What are the decoration conditions of provident fund loans?

In addition to buying houses and overhauling houses, some places also provide provident fund decoration loans. However, if you want to apply for a provident fund renovation loan, you still need to meet certain conditions. So what are the loan conditions for provident fund renovation? Next, Bian Xiao will briefly introduce it to you.

1, pay the provident fund.

We want to apply for a provident fund renovation loan, so first of all, our provident fund has a balance. Many places stipulate that people who apply for provident fund loans need to pay the provident fund for several months or even longer. For example, Shanghai stipulates that applicants need to pay the provident fund continuously for nearly 6 months. Hangzhou stipulates that applicants need to continuously pay the provident fund 1 year or more.

2. There is a house in the name.

Because we are applying for a decoration loan, of course, we need to have a house in our own name to apply. In some places, existing houses are needed. If it is a mortgage house, you need to provide proof of the last repayment. Some places stipulate that loans can be made even if the mortgaged house has not been paid off, but the loan amount that the applicant has not paid off will not be large, which will not affect the repayment of the remaining renovation loans. You can consult the relevant staff before applying for a loan.

3. Renovation contract

Under normal circumstances, the provident fund renovation loan does not exceed 70% of the renovation budget. Therefore, when applying for a decoration loan, it is usually necessary to sign a renovation contract with the decoration company to provide a decoration budget table. Applicants also need to have enough funds to pay the down payment for decoration.

4. The ability to repay the principal and interest on time

Applicants applying for provident fund renovation loans usually need to have a stable job and income and good credit. The average applicant needs to provide proof of salary to prove that he can repay the principal and interest on time. In addition, the applicant also needs to provide a list of pledge rights, ownership certificate, household registration certificate and other information.

Bian Xiao concluded: What are the conditions for the renovation of provident fund loans? Bian Xiao introduced it here. I hope that after reading this article, I can provide you with reference. When handling provident fund renovation loans, it should be noted that some places do not provide this service, and the conditions of provident fund loans will be different from place to place. Therefore, everyone must ask clearly before applying.

Can the provident fund be loaned to decorate the house?

Housing provident fund cannot be used for loan decoration of houses, because the decoration of houses is not within the scope of use of housing provident fund. It should be noted that although the housing accumulation fund can be used to purchase, build, renovate and overhaul occupied houses, the meanings of overhaul and decoration are different.

Overhaul refers to a kind of house reinforcement and repair behavior that needs to affect or dismantle some main components of the house, but does not need to dismantle all the houses; Decoration refers to the surface decoration behavior and internal decoration behavior of the original housing structure.

In real life, employees applying for provident fund loans are mostly used to buy houses. If there is not enough money to decorate the house, it is recommended to apply for a decoration loan directly from the bank, or apply for a consumer loan from other licensed financial institutions, or the bank provides a large-scale special installment service for credit cards, or apply for a credit card home improvement installment.

In addition to purchasing, building, rebuilding and overhauling self-occupied houses, housing provident fund can also be used to repay the principal and interest of housing loans, and households without houses can also be used to pay rent beyond the prescribed proportion of family income.

Extended data:

Personal application for provident fund loan process:

Individuals who need to buy a house, build a decorated house, rent a house or decorate a house can apply for a provident fund loan. The specific process is as follows:

1. The borrower brings all the loan materials, submits a written application to the outlet of the local housing provident fund management center, and fills in the Housing Provident Fund Loan Application Form;

2, housing provident fund is responsible for the loan qualification, guarantor qualification, loan amount, loan period review;

3. After passing the examination, the borrower signs relevant loan contracts and agreements and handles insurance;

4. The Housing Provident Fund Center issues a loan approval notice to the bank, and entrusts the bank to sort out the materials to the real estate transaction department for mortgage pledge procedures;

5. After the mortgage pledge certificate comes out, the bank sorts out the borrower's materials and sends them to the provident fund management institution for re-examination;

6. Pass the bank loan review.

Note that you cannot apply for provident fund loans in the following four situations:

1, the building structure is brick-wood structure and mixed structure;

2. Use for non-residential houses and low-density commodity houses;

3. Have used housing provident fund loans twice;

4 do not meet the conditions of other provident fund loans.

Application conditions for provident fund loans:

Provident fund loans are loans that employees who pay housing provident fund can enjoy. As long as you pay the provident fund, you can apply for individual housing provident fund loans in accordance with the relevant provisions of provident fund loans. The application conditions for provident fund loans are as follows:

1. The applicant has a permanent residence in this city or a valid residence certificate.

2. The applicant must continuously deposit the housing provident fund in full for at least 12 months before the application, or continuously deposit it for more than 12 months after withdrawing the provident fund.

3. Applicants need to have a legal and stable job and income, a stable economic income and the ability to repay loans.

4. The applicant shall have the contract or relevant supporting documents for purchasing, building, renovating and overhauling the self-occupied ordinary house in this city.

5. The applicant's personal credit should be good, meet other conditions stipulated by the provident fund center, and agree to guarantee according to the guarantee method recognized by the provident fund center.

6. If it is husband and wife, then both husband and wife must have no outstanding housing provident fund loans and housing provident fund policy discount loans.

Of course, the provident fund loan policies may be different in different places, so you'd better consult the relevant local departments and take the actual situation as the standard.

The introduction of how long it will take for the provident fund to do decoration loans and the provident fund to do decoration loans ends here. I wonder if you have found the information you need?