Loans to buy a house will generally give priority to the provident fund. After all, the interest rate is low. However, after the approval, it is usually a bank loan. So is the money from the provident fund loan from the bank or the provident fund?

The money from the provident fund loan belongs to the provident fund management center. Users apply for provident fund loans, and the provident fund management center will entrust commercial banks to issue loans. Therefore, although users sign loan contracts with banks, loans are actually issued by provident fund management centers. After others pay the provident fund, the provident fund center will distribute this part of the funds to the loan users, thus playing the role of recovering funds.

As long as users apply for provident fund loans, they must pay attention to timely repayment in the future. Once overdue, in addition to overdue records, it may also affect the subsequent application for provident fund loans. Users are requested to actively maintain personal credit and repay provident fund loans on time. If they are unable to repay, they can try to apply to the bank for negotiation.

Step 1: The borrower submits a written loan application and relevant materials, which can be submitted to the loan bank and then to the housing provident fund management department for approval, or directly to the housing provident fund management department for approval;

2, approved by the housing provident fund management department of the borrower, and the loan bank signed a loan contract and guarantee contract, mortgage registration, insurance, notarization and other related procedures;

3. The loan contract stipulates that the loan bank will transfer the loan to the special account for selling houses set up by the developer in the loan bank or directly to the deposit account opened by the borrower in the loan bank;

4. The borrower opens a repayment account in the loan bank and repays the loan principal and interest on schedule according to the repayment method and repayment plan agreed in the loan contract;

5. After the loan is settled, the borrower obtains the Loan Settlement Certificate from the loan bank, retrieves the mortgage registration certificate and the original insurance policy, and goes through the mortgage registration cancellation formalities at the original mortgage registration department.