1. Can I borrow someone else's housing provident fund loan to buy a house?
You can't. If you use the provident fund of close relatives to buy a house, you need close relatives who are talents with the same property rights. Provident funds can only handle mortgage loans or offset loans, and cannot be used as a down payment for buying a house.
It is feasible to use the provident fund loan of close relatives first and then transfer it to your own name. At this point, transfer can be made after the loan is paid off, and transfer cannot be made before the loan is paid off.
If the property buyers and close relatives are listed as property owners in the real estate license, it will also reduce the handling fees and taxes for later transfer or change of property owners.
(A) the basic function of provident fund: buying houses.
1. If you apply for a provident fund loan to buy a house, you can withdraw the provident fund to repay the principal and interest;
2. To apply for a commercial loan to buy a house, you can withdraw the provident fund as the down payment for buying a house, or you can withdraw the provident fund to repay the principal and interest;
3. If you don't need a loan during the purchase process, you can also withdraw the provident fund at one time.
(two) children can withdraw their parents' provident fund when buying a house.
Provident fund can not only buy a house for yourself, but also buy a house for children.
1. If you apply for a provident fund housing loan to buy a house and live in it, you can withdraw your parents' provident fund to repay the principal and interest;
2. If you apply for a commercial loan to buy a house, you can withdraw your parents' provident fund as a down payment.
(three) in the event of a major illness, you can withdraw the provident fund.
If a family member (not limited to the employee himself) is seriously ill, the employee himself and his spouse may apply for withdrawal of the provident fund.
The following two points are needed here:
1, and the application date should be within 1 year from the discharge date;
2, apply for withdrawal amount cannot exceed the personal burden of hospitalization expenses.
(four) when canceling the account, you can withdraw the provident fund.
In the following cases, you can close your account and withdraw all the balance of the provident fund:
1. Workers with agricultural household registration, male over 60 years old and female over 55 years old;
2. Retirement and resignation can apply for withdrawal of provident fund;
3. Completely losing the ability to work, mostly losing the ability to work or severely disabled, and terminating or dissolving the labor relationship with the unit;
4. Leave the mainland and settle abroad;
5, with the original unit to terminate the labor relationship for 2 years;
6. The housing provident fund account has been transferred to the centralized storage account for 2 years;
7. Receive unemployment insurance benefits;
8, was sentenced to punishment, the account moved out of the city, not the employees of the city account;
9. Work outside the administrative area of the city where you live and establish and pay the housing provident fund locally.
(five) low-income or poor families can withdraw provident fund.
Workers who are included in the scope of subsistence allowances or poor relief can apply for withdrawal of provident fund, but the amount of withdrawal cannot exceed the scope of subsistence allowances or poor relief.
(six) the construction, renovation and overhaul of housing can be withdrawn from the provident fund.
Rural collective land renovation, construction or overhaul of self-occupied housing, you can apply for withdrawal of provident fund, but the total withdrawal does not exceed the cost of housing construction.
(seven) rental housing can be withdrawn from the provident fund.
1, affordable housing can be withdrawn from the provident fund;
2. You can apply for withdrawal of provident fund when renting ordinary housing.
Second, the provisions of the provident fund loan amount
Most cities have stipulated the maximum amount of a single housing provident fund loan. For example, the maximum amount of a single housing provident fund loan in Chengdu is 600,000 yuan; The maximum amount of Guangzhou housing provident fund loans is 500,000 yuan for individuals and 800,000 yuan for two or more applicants.
Secondly, the maximum loan amount of housing provident fund does not exceed 70% of the total purchase price;
When applying for provident fund loan, the monthly repayment amount/monthly income should not exceed 50% (including the sum of the monthly repayment amount of existing liabilities and current liabilities). The loan period of housing provident fund is 1-30 years, and the longest period shall not exceed the time when the borrower is away from the statutory retirement age; On the basis of considering their repayment ability, employees approaching retirement age can appropriately relax the loan period 1-3 years.
The housing accumulation fund system is actually a housing security system and a form of monetization of housing distribution. The housing accumulation fund system is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed. Units and individual employees must fulfill their obligations to pay housing provident fund according to law. The housing provident fund paid by individual employees and the housing provident fund paid by the unit shall be stored in special accounts and owned by individual employees.