1. Can I borrow money from the housing provident fund for renovation?
Sure! Recommend two kinds of loans to the landlord: provident fund loan and house decoration loan.
Personal housing provident fund loan is a special housing consumption loan funded by housing provident fund and distributed to employees who have paid housing provident fund for the purchase, construction, renovation and overhaul of their own houses. Self-owned housing purchased by employees includes commodity housing, affordable housing, private housing, fund-raising housing, rebuild resettlement housing and public housing.
Loan amount:
The formula for calculating the upper limit of provident fund loan amount is:? Monthly deposit amount of housing provident fund for loan employees ÷ deposit ratio of housing provident fund for loan employees ×0.45× 12× actual loanable years.
The amount of provident fund loans is generally required to be no more than 70% of the total housing price, and there is generally an upper limit.
Loan term: up to 30 years.
Loan interest rate:
(1). From February 23, 2008, the interest rate of individual housing loans for housing provident fund will be increased, and the annual interest rate of loans for five years or less will be adjusted from the current 3.5 1% to 3.33%; Loans with a term of more than five years are adjusted from the current annual interest rate of 4.05% to 3.87%.
(2) The interest rate of loans accepted and signed before and including February 22, 2008, and the adjusted interest rate of loans accepted and signed after February 22, 2008. The outstanding loans issued before June 23, 2008+February 23, 2009 shall be implemented according to the above notice from June 65, 438+October 65, 2009/kloc-0.
Second, how to apply
When applying for a loan, the borrower shall prepare the following materials:
1, identification of the borrower and spouse (ID card, household registration book, marriage certificate or divorce certificate, court judgment, ruling, unmarried or divorce certificate issued by the unit, etc.). );
2. Proof of stable economic income (proof of unit wage income, etc.). );
3, housing provident fund deposit certificate;
4. The purchase contract and agreement signed with the selling unit (approved by the land planning department of self-built housing);
5. My spouse and I fill out the loan application approval form;
6. Receipt of house payment (down payment) of not less than 20% of the total house payment (proof of self-financing of not less than 30% of the total house payment is required for purchasing private houses, building and overhauling self-occupied houses);
7. List of pledge rights and ownership certificate issued by the borrower (or written commitment issued by the guarantor agreeing to provide guarantee). ? Four, the housing provident fund loan period, interest rate and limit
The loan period of individual housing provident fund is 1 to 20 years. But in principle, it shall not exceed the period from the date of loan issuance to the national legal retirement age (60 years old for men and 55 years old for women).
The calculation formula is: loan term ≤ statutory retirement age of the borrower-current age of the borrower (one year old).
The loan interest rate of individual housing provident fund is subject to the preferential interest rate stipulated by the state, which is lower than the bank mortgage interest rate by 1 percentage point on average. Among them, the loan interest rate for 1-5 years is: the monthly interest rate is 3.0‰ and the annual interest rate is 3.6%; The loan interest rate with a term of more than 5 years is: 3.375‰ monthly interest rate and 4.05% annual interest rate. In case of legal interest rate adjustment, the corresponding interest rate grade at the beginning of next year will be implemented.
The maximum amount of personal housing provident fund loans generally does not exceed 200 thousand yuan. More than 200,000 yuan shall be examined and approved by the central loan review committee. The loan amount is generally determined by the proportion that the borrower's monthly repayment amount does not exceed 50% of his family income (but the conditions can be appropriately relaxed if he has strong repayment ability).
The above example is about the conditions that should be met by the renovation and withdrawal of provident fund loans, as well as the matters needing attention in relevant aspects. Therefore, as a project that benefits the people and the people, provident fund loans can indeed be used to pay for some major disasters and diseases, or similar decoration activities mentioned above. However, in this process, it is necessary to meet the necessary conditions, prepare relevant materials, find professional and reliable personnel, draw up a reasonable application plan, and obtain reasonable and suitable provident fund funds according to law.
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