The answer is as follows:
1. Provident fund housing loan refers to the provident fund paid by employees (and units) every month as the source of the loan, which is a special fund specially used for housing consumption (expenditure). Compared with commercial mortgage loans, buyers applying for provident fund loans must pay the provident fund in full and continuously every month, and the loan interest rate is about 30% lower than that of commercial loans.
Two. Conditions for applying for provident fund loans:
1. If the borrower purchases a commercial house, it must have self-raised funds not less than 30% of the total house price as the down payment.
2. The borrower has stable economic income, good credit and the ability to repay the principal and interest of the loan.
3. If both husband and wife normally pay the housing provident fund in full, only one party is allowed to apply for a housing provident fund loan.
4. A family can only apply for a housing provident fund loan to buy a house at the same time.
5. The lender must have permanent residence or valid residence status in the town of this province (city).
6. Agree to use the purchased house as collateral.
Three. Information to be provided:
1. The valid identity certificate and household registration book of the borrower and spouse (if any) (the second-generation ID card should be copied on the back, and the household registration book should be copied on the title page, the first page of the household registration book, and the borrower and spouse pages).
2. Marriage certificate: if unmarried, the marriage registration office at the place where the household registration is located will issue a single certificate; Divorce certificate and non-remarriage certificate (divorce certificate, judgment or ruling, non-remarriage certificate issued by the marriage registration office where the household registration is located); Married people provide marriage certificates.
3. The original purchase contract signed by the borrower and the selling unit.
4. The loan application form filled out by the borrower and his/her spouse (married) * * *, the deposit certificate of housing provident fund issued by the unit, the proof of salary income, and the borrower's bank card have been in the past year.
5. The down payment receipt delivered by the borrower to the selling unit in advance shall not be less than the amount stipulated in this agreement.
What's the difference between provident fund loans and bank loans?
The difference between bank loans and provident fund loans;
First, the loan interest rate is different.
For applicants, the most important thing is the loan interest rate. The loan interest rate of provident fund is lower than that of commercial loans. The interest rate of provident fund loans is 4.0% within five years and 4.5% over five years. The interest rate of commercial loans over five years is 6.55, and the interest rates of loans executed by different banks fluctuate above this benchmark interest rate.
Second, the main body of lending institutions is different.
The main body of housing provident fund loan management is the housing provident fund management center, while the main body of commercial housing loan management is commercial banks.
Third, the sources of loan funds are different.
The source of funds for commercial housing loans is the self-operated funds of commercial banks (that is, deposits absorbed by residents or units), while the source of funds for housing provident fund loans is the housing provident fund paid by individual employees and their units; In addition, the loan targets are also different. Commercial housing loans are for people with good credit and strong repayment ability who have passed the credit check, and provident fund loans are for employees who have paid the provident fund in addition to the conditions required for commercial 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.
Loan terms:
First, only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans, and employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans.
2. Persons who participate in the housing provident fund system must also meet the following conditions when applying for housing provident fund personal purchase loans: that is, they must continuously deposit housing provident fund for at least 6 months before applying for loans. 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.
Three, one of the spouses has applied for housing provident fund loans, before the principal and interest of the loan is paid off, neither spouse may obtain housing provident fund loans. Because the housing provident fund loan is a kind of "housing security" financial support to meet the basic housing needs of workers' families.
Four, the loan applicant in the application for housing provident fund loans, in addition to a relatively stable economic income and the ability to repay loans, there are no other outstanding debts that may affect their ability to repay housing provident fund loans. 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.
Five, provident fund loans for a period of not more than 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.
What is the difference between housing provident fund loans and commercial loans to buy a house?
1. The loan object is different.
Housing provident fund loans are targeted at employees who pay housing provident fund. Only by paying the provident fund can you choose the housing provident fund loan. Commercial loans are personal housing loans for everyone. As long as they meet the loan conditions of banks, they can generally succeed.
2. There are differences in loan interest rates.
Because the provident fund loan is not a profit-oriented policy loan, the interest rate is relatively low, and the mortgage interest rate for more than five years is 3.25%. Unlike commercial loans, which are for profit, the interest rate is relatively high. The benchmark interest rate for five years or more is 4.9%, and different banks in different regions will make adjustments. With the same mortgage amount, provident fund loans can save more interest.
3. There are differences in the types of loan houses.
Provident fund loans can only be used when buying houses with 70-year property rights, and other types of houses such as commercial houses cannot apply for provident fund loans. The types of houses that can be purchased by commercial loans are relatively loose, except houses and apartments. So before buying a house with a loan, you must know what kind of house you are buying.
4. The loan ratio is different.
Generally speaking, if commercial loans and provident fund loans buy the same house, then the first suite of commercial loans can only be loaned to 70%, while the first suite of pure provident fund loans can be loaned to 80% at most.
Verb (abbreviation for verb) The sources of loans are different.
The main source of funds for housing provident fund loans is the housing provident fund paid by the depositor, and the interest generated by the loans has a specified purpose and can only be used for the construction of affordable housing. Commercial loans are mainly issued by commercial banks for profit, and the interest belongs to the relevant bank investors.
6. There is a difference between the loan process and the approval time.
Commercial loans are generally reviewed before the property buyers handle the transfer, and the approval time is about 20 working days. The main censorship institution is the bank, that is, the decision is in the bank; Housing provident fund loans are generally reviewed after transfer, and the approval time is about 40 working days, which requires the approval of the housing provident fund management center. The decision is made by the housing provident fund management center, and the bank is only the executing agency.
Is the provident fund loan a bank loan or a provident fund center loan?
Provident fund loan is a bank loan, because this loan contract is signed by the applicant and the bank, but it needs to be audited by the provident fund center during the application process. Users apply for provident fund loans in the first suite, so the interest rate is the same all over the country, and the benchmark interest rate of provident fund loans is adopted. As for the interest rate of the provident fund loan for the second suite, all localities will rise according to the actual situation.
Personal housing loan refers to the loan issued by the lender to the borrower for the purchase of ordinary housing for personal use. Personal housing loan business is one of the main asset businesses of commercial banks. Refers to the loan issued by a commercial bank to a borrower for the first time to purchase a house (that is, a house developed and built by a real estate developer or other qualified developers and sold to an individual).
Personal housing loans mainly have the following three loan forms:
(1) The full name of personal housing entrusted loan is personal housing guarantee entrusted loan, which refers to the personal housing loan entrusted by the housing fund management center to commercial banks by using the housing provident fund. Housing provident fund loan is a policy personal housing loan, on the one hand, the interest rate is low; On the other hand, it mainly provides such loans to low-and middle-income workers who pay the provident fund. However, because the interest difference between housing provident fund loans and commercial loans is above 1%, both investors and ordinary people who buy houses and live in their own homes are more inclined to choose housing provident fund loans to buy houses.
(2) Personal housing self-operated loans are loans granted to individual buyers with bank credit funds as the source. Also known as commercial personal housing loans, personal housing secured loans.
(3) Personal housing portfolio loan refers to the loan issued to the same borrower with housing provident fund deposits and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loans and self-operated loans. In addition, there are housing savings loans and mortgage loans.
Potential borrower
The loan object should be a natural person with full capacity for civil conduct. The borrower shall meet the following conditions:
1. Have permanent residence or valid residence status in cities and towns;
Two, a stable occupation and income, good credit, the ability to repay the loan principal and interest;
Three, with the purchase of housing contracts or agreements;
Four, do not enjoy the purchase subsidy to not less than 30% of the total price of the purchased house as the down payment; 30% of individuals who enjoy housing subsidies are down payment for housing purchases;
Five, there are assets recognized by the lender as collateral or pledge, or units or individuals with sufficient compensation capacity as guarantors;
6. Other conditions stipulated by the lender.
What's the difference between provident fund loans and bank loans?
1 Different loan targets: provident fund loans are for employees who have paid housing provident fund, while bank mortgage loans are for everyone, and they can apply for housing loans if they meet the corresponding loan conditions.
The loan process is different: the provident fund loan is applied to the housing provident fund management center and then distributed through commercial banks, which are only the executing agencies. The bank's mortgage loan is applied to a commercial bank, and the decision is made by the bank.
3 loan interest rates are different: the interest rate of provident fund loans is generally lower than that of bank mortgage loans, because provident fund loans are policy loans, while bank mortgage loans are commercial loans that need profit.
4 Different sources of loans: the main source of funds for provident fund loans is the housing provident fund paid by the insured employees, while the source of funds for bank mortgage loans is deposits or other wealth management funds.
Bank loan refers to an economic behavior that banks lend funds to people in need of funds at a certain interest rate according to national policies and return them within the agreed time limit. Generally, you need a guarantee, a house mortgage, proof of income and good personal credit information before you can apply.
Application conditions
Borrower's requirements
1.1natural person aged 8-60 (Hong Kong, Macao, Taiwan, mainland China and foreigners are also allowed)
2 have a stable occupation, stable income and the ability to repay the principal and interest of the loan on schedule.
3. The borrower's actual age plus the loan application period shall not exceed 70 years old.
Information to be provided by the borrower
1. Couple ID card, household registration book/temporary residence permit, and foreigner household registration book.
Two copies of marriage certificate/divorce certificate or judgment/single certificate.
3 proof of income (format specified by the bank)
4. Copy of the business license of the unit (with official seal)
5. Credit certificate: including education certificate, other real estate, bank running water, large deposit certificate, etc.
6. If the borrower is an enterprise legal person, it must also provide the annual business license, tax registration certificate, organization code certificate, articles of association and financial statements.
Note: From May, 20 10, foreign residents who want to buy a house in Beijing must also provide the tax payment certificate of recent 1 year or the social security certificate of 1 year and other materials that can prove that they have worked in Beijing for 1 year.
The seller shall provide materials.
1. Husband and wife's ID card, household registration book and marriage certificate (marriage certificate or single certificate)
2. Real estate license
exceptional case
Information for foreigners to buy a house:
Taiwan Province Provincial People-Mainland Travel Pass (Taiwan Compatriot Certificate), household registration vine (which can prove marital status), approval form for purchasing houses in Beijing, and mortgage notarial certificate (entrusted to handle later house purchase and mortgage registration).
Hong Kong people-Hong Kong identity card, marriage certificate, mortgage notarized certificate (entrusted to handle the later house ownership certificate and mortgage registration)-Koreans-notarized translation of China passport, notarized translation of Chinese name, notarized translation of household registration book (which can prove marital status) and notarized mortgage notarized certificate (entrusted to handle the later house ownership certificate and mortgage registration).
Other nationalities-notarization of Chinese translation of passport, Chinese translation of name, Chinese translation of marriage certificate, notarization of mortgage (entrusted to handle the registration of house ownership and mortgage in the later period).
The seller shall provide the enterprise with the following information:
Legal person's ID card, original and photocopy of business license, organization code certificate, resolution of selling board of directors, articles of association, power of attorney, trustee's ID card, proof of collection account (the above materials must be stamped with official seal) and real estate license.