Legal analysis: The down payment ratio of the provident fund secondary loan is not less than 40%, and the loan interest rate is not less than 1. 1 times of the benchmark interest rate of the same grade published by the People's Bank of China. Moreover, according to the provisions of the housing purchase restriction policy, local banks have different efforts to adjust the interest rate of housing loans.
Purchase, construction and overhaul of owner-occupied housing;
Retire;
Completely lose the ability to work and terminate the labor relationship with the unit;
Settle abroad;
Repay the principal and interest of the house purchase loan; Rent exceeds the prescribed proportion of family wage income.
The provisions of the provident fund secondary loan are:
When applying for a loan, the first set of housing provident fund loans should be settled;
After the provident fund loan is paid off, it will be paid off in the current month, and the provident fund loan will be eligible in the next month;
The down payment ratio of secondary loans is generally not less than 60%;
Personal credit information has no bad credit record, stable work and income, and the ability to repay the principal and interest.
The provisions of the provident fund secondary loan are:
1. When applying for a loan, the first housing provident fund loan shall be settled;
2. If the provident fund loan has been paid off, it will be paid off in the current month, and the provident fund loan will be eligible in the next month;
Legal basis: Article 24 of the Regulations on the Management of Housing Provident Fund: In any of the following circumstances, employees may withdraw the storage balance in their housing provident fund accounts:
Purchase, construction, renovation and overhaul of owner-occupied housing;
Retired;
Completely lose the ability to work and terminate the labor relationship with the unit.
How to use the provident fund loan for the second suite?
According to relevant regulations, citizens can still apply for provident fund loans when purchasing a second set of commercial housing (residential).
Loan process:
1. With the purchase contract, down payment invoice and my ID card, go to the provident fund management department to get the application form for personal housing provident fund loan.
Step 2 fill in the form
Original: house purchase contract, down payment invoice, ID card (husband and wife), household registration book (husband and wife), marriage certificate, highest professional title certificate and highest academic certificate.
Copies: house purchase contract (6 copies), down payment invoice (4 copies), ID card (husband and wife: 5 copies of house buyer and 4 copies of spouse), household registration book (4 copies of husband and wife's home page, personal page and change page, which need to be copied if there is no change) and marriage certificate (4 copies).
3. Going to the corresponding provident fund management department for the first time, including personal credit evaluation.
4. After the evaluation report comes out, it will be further reviewed by the provident fund management department to determine the final loan term, loan amount and guarantee method.
5. Go to the provident fund management department and sign relevant contracts. Then, you can wait for the provident fund personal loan handling bank to inform you to go through the loan issuance procedures.
Loan amount:
1, which is not higher than the loan limit determined according to the multiple of the balance stored in the housing provident fund accounts of the borrower, spouse and borrower (40 times the balance of housing provident fund and 20 times the balance of supplementary housing provident fund);
2, not higher than the loan limit determined by the proportion of the total housing price;
3. Not higher than the loan limit determined according to the repayment ability, and its calculation formula is: the salary base for the borrower to calculate the monthly deposit of housing provident fund × the specified proportion (50%)× 12 months× the loan period;
4. Not higher than the maximum loan amount.
Loan ratio:
For families who purchase the first self-occupied housing with a construction area of less than 90 square meters (including 90 square meters), the down payment ratio of housing provident fund loans shall not be less than 20%;
For families who purchase the first set of self-occupied housing with a Taoxing construction area of over 90 square meters, the down payment ratio of housing provident fund loans shall not be less than 30%; In order to improve the living conditions of families who buy a second home, the down payment ratio of housing provident fund loans is not less than 60%.
Can I get a loan from the second-home provident fund?
You can apply for a provident fund loan to buy a second suite, but there will be some restrictions. For example, if the first suite uses a provident fund loan and there is still unpaid money, then you can't apply for a provident fund loan for the second suite. In addition, if you buy a second suite and apply for a provident fund loan, the down payment ratio will be higher than that of the first suite.
Conditions and interest rates of provident fund loans:
1, provident fund loan application conditions:
When using the provident fund loan for the first time, the borrower only needs to establish a housing provident fund account for more than 6 months (inclusive) and pay the housing provident fund in full for more than 6 months (inclusive), and can apply for a provident fund loan when applying for a loan.
In addition, borrowers who purchase policy housing can apply for provident fund loans as long as they have established a provident fund account and meet the deposit conditions, and are not subject to the above time limit. It should be noted that if the borrower uses the provident fund loan again, it can only be used again after the last loan is settled.
2, provident fund loan interest rate:
The interest rate of provident fund loans is adjusted and released by the People's Bank of China. At present, the benchmark interest rate of individual housing provident fund loans is 2.75% for five years and below, and 3.25% for five years and above.
The housing provident fund loan interest rate shall be implemented according to the interest rate standard published by the People's Bank of China. In case of interest rate adjustment, if the contract term is 1 year, the contract interest rate will be implemented; if the contract term exceeds 1 year, the new interest rate standard will be implemented according to the corresponding interest rate grade from the next year of interest rate adjustment.
Generally speaking, the benchmark interest rate is implemented for the first suite of housing provident fund loans in various places, and the loan interest rate is 1. 1 times of the benchmark interest rate for housing provident fund loans for the second house.
Can the provident fund be loaned for the second time?
Yes, but there are restrictions.
The provisions of the second provident fund loan are: 1. When applying for a loan, the first set of housing provident fund loans should be settled; 2. If the provident fund loan has been paid off, it will be paid off in the current month, and the provident fund loan will be eligible in the next month; 3, the second loan down payment ratio is generally not less than 60%; 4. Personal credit information has no bad credit record, stable work and income, and the ability to repay the principal and interest.
Legal basis: Article 24 of the Regulations on the Management of Housing Provident Fund in People's Republic of China (PRC) City, employees can withdraw the storage balance in their housing provident fund accounts under any of the following circumstances: (1) purchasing, building, renovating or overhauling their own houses; (2) retirement; (three) completely lose the ability to work, and terminate the labor relationship with the unit; (4) Having left the country to settle down; (5) Repaying the principal and interest of the house purchase loan; (six) the rent exceeds the prescribed proportion of family wage income. In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.
Housing provident fund loans can be used for the second time, provided that I or my spouse have applied for housing provident fund loans and cannot use them again until the principal and interest of the loans are paid off.
Housing provident fund loan object:
1, with valid identification;
2. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who have not participated in the housing provident fund system cannot apply for housing provident fund loans.
3. If one of the husband and wife has applied for a housing provident fund loan, both husband and wife shall not obtain a housing provident fund loan again before paying off the principal and interest of the loan. Because the housing provident fund loan is a kind of "housing security" financial support to meet the basic housing needs of workers' families.
Applicants for housing provident fund loans should have self-raised funds equivalent to 20% or more of the housing purchase price (regulations vary from place to place); Applicants for housing provident fund loans should agree to apply for loan guarantees and so on. These are all needed to reduce the risk of housing provident fund loans.
How much can I borrow for the second loan of provident fund?
The second provident fund loan can be 400 thousand.
Buy a second house with a maximum loan of 400,000.
Under normal circumstances, if you buy a 1 owner-occupied house with a construction area of 90 square meters or less, you can apply for a loan with a maximum provident fund of 600,000 yuan. If you buy a third house again, you will stop providing loans at this time.
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans.
Provident fund loans refer to individual housing provident fund loans, which are issued by local housing provident fund management centers. With the housing provident fund paid by employees who apply for provident fund loans, commercial banks are entrusted to provide mortgage loans to housing provident fund depositors who purchase, build, renovate or overhaul their own houses and retired employees who pay housing provident fund during their employment. According to the regulations, employees who have paid housing provident fund for a certain number of years or more (the number of years varies from city to city, such as 12 months or more in Changsha) can apply for provident fund loans when the funds for purchasing, building, renovating or overhauling their own houses are insufficient.
The loan conditions are: the employees of the unit have signed labor contracts for more than three years (or signed 1 year labor contracts for three consecutive years); Normal continuous monthly housing provident fund deposit exceeds a certain period; Not exceeding the statutory retirement age; The borrower has a stable economic income and the ability to repay the principal and interest; The borrower agrees to handle the mortgage registration and insurance; Provide the guarantee method agreed by the local housing provident fund management center and its sub-centers; At the same time, submit relevant documents required by the bank, such as house purchase contract or house pre-sale contract, real estate license, land use certificate, deposit certificate of provident fund, etc.
Letter of credit clause
1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who have not participated in the housing provident fund system cannot apply for housing provident fund loans.
2. If you participate in the housing provident fund system, you must also meet the following conditions to apply for a housing provident fund personal housing loan: that is, you must pay the housing provident fund continuously for not less than 6 months before applying for the loan. Because, if the employee's behavior of paying housing provident fund is abnormal and intermittent, it means that his income is unstable and he is prone to risks after issuing loans.
3. If one of the husband and wife has applied for a housing provident fund loan, both husband and wife shall not obtain a housing provident fund loan again before paying off the principal and interest of the loan. Because the housing provident fund loan is a kind of "housing security" financial support to meet the basic housing needs of workers' families.
4. When applying for a housing provident fund loan, the loan applicant must have a relatively stable economic income and repayment ability, and there are no other outstanding debts that may affect the repayment ability of the housing provident fund loan. When employees have other debts, it is risky to lend to housing provident fund, which violates the principle of safe operation of housing provident fund.
5. The term of the provident fund loan shall not exceed 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.