Provident fund loan refers to the low-interest policy loan entrusted by the housing provident fund management center to the registered and non-registered employees who meet the conditions of provident fund loan for the purchase, construction, renovation and overhaul of self-occupied housing.

Provident fund loans meet the following conditions:

(1) Individual urban workers and their units must pay the housing accumulation fund continuously for one year.

(2) If the borrower purchases a commercial house, it must have self-raised funds of not less than 30% of the total house price as the down payment.

(3) The borrower has stable economic income, good credit and the ability to repay the principal and interest of the loan.

(4) 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.

(5) A family can only apply for a housing provident fund loan to buy a house at the same time.

(6) The lender must have permanent residence or valid residence status in the town of this province (city).

(7) Agree to use the purchased house as collateral.

2. What is the difference between provident fund loans and commercial loans?

1, the loan interest rate is different. The interest rate of housing provident fund loans is about 2% lower than that of commercial banks. The interest rate of housing provident fund loans for less than five years (including five years) is 4.0%, that of individual housing loans for commercial banks is 6.4%, that of housing provident fund loans for more than five years is 4.5%, and that of individual housing loans for commercial banks is 6.55%.

2. The loan object conditions are different. The object of provident fund loan is the depositor of provident fund system; Individual housing loans have an upper age limit, while provident fund housing loans do not.

3. Different guarantee methods. Commercial loans are generally guaranteed by the developer's staged joint liability before the mortgage registration of the real estate license, and by the mortgagor after the mortgage registration. The guarantee method of provident fund loan is mainly provided by the housing loan guarantee center with joint liability guarantee.

4. Fees have different provisions on the maximum amount of a single loan. There is no maximum amount for housing loans of commercial banks, while the maximum amount for provident fund loans can only be 400,000 at present, with the maximum credit rating of AA not exceeding 460,000 and the maximum credit rating of AAA not exceeding 520,000.

5. The guarantee unit is different. Generally, the unit that provides staged guarantee for second-hand housing buyers to handle commercial loans is a real estate brokerage company, that is, an intermediary company, while the guarantee unit of provident fund loans is a housing guarantee center.

6. The lending time is different. The fastest ordinary commercial loan can be released on the transfer day, and the slower one only takes about 15 working days. Provident fund loans need to wait for the transfer to get the real estate license and complete the mortgage registration before lending.

How to borrow housing provident fund loans?

First of all, we should know that the premise of the loan is that individual employees with urban hukou and their units must pay the housing provident fund 12 months or more continuously.

The first step, the loan applicant needs to submit a written application for housing provident fund loan to the bank, and truthfully fill in the above contents of the Housing Provident Fund Loan Application Form;

Step 2, submit the relevant materials needed for the loan: the identity certificate and marriage certificate of the applicant and spouse, and the proof that the applicant and spouse's housing provident fund has been paid on time; Proof of economic income of the applicant and spouse; Contracts, agreements and other relevant certificates of the purchased house; Legal certificate and value certificate as loan collateral;

The third step, the information is complete and meets the requirements, and the bank immediately accepts the audit and submits it to the provident fund center in time;

The fourth step, after receiving the bank price increase information provided by the applicant, the provident fund center will; Immediately review, notify the bank immediately after the review is passed, and issue the Notice of Collateral Review and Evaluation;

Fifth, after the approval of the provident fund center, the bank will call the applicant to go to the bank to handle the loan procedures and sign the loan contract or agreement, and then the bank will send the loan contract or agreement to the provident fund center for approval again;

Step 6, after the approval of the provident fund center, the provident fund center signs an entrusted loan agreement with the entrusted bank;

Step 7, according to the entrusted loan agreement, the entrusted bank will go through the loan procedures with the applicant and transfer the loan after signing the Housing Provident Fund Entrusted Loan Mortgage Contract, the Housing Provident Fund Entrusted Loan Pledge Contract and the Housing Provident Fund Entrusted Loan Guarantee Contract respectively;

The eighth step is to go through the mortgage guarantee procedures, and generally there will be a guarantee company to handle it on its behalf.

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How to borrow provident fund loans?

Personal provident fund loan process:

1. The applicant goes to the personal loan service hall of the municipal provident fund management center to apply for a loan in triplicate with the purchase materials (commercial housing sales contract, down payment receipt), ID cards of both husband and wife, household registration book, marriage certificate (both A4 originals and photocopies) and loan application form.

2. The above institutions will pass the loan information approved to the entrusting bank.

3. The entrusting bank informs the borrower and his spouse to sign the loan contract and mortgage contract with their ID cards at the signing office of the entrusting bank.

4. The borrower and his spouse hold the ID cards of both parties and go to the housing management department with the bank staff to get the real estate license.

5. The borrower holds the original and photocopy of the real estate license to the personal loan hall of the provident fund management center to issue a loan notice.

6. The borrower holds the original and photocopy of the real estate license and the loan notice to the entrusting bank to handle the loan issuance procedures.

Extended data:

The loan amount of the provident fund is regulated according to levels, with the highest loan of 800,000 for Grade A, 920,000 for Grade AA and 0/0.04 million for Grade AAA. The longest loan period of provident fund is 30 years, whichever is older, and the age plus loan period cannot exceed 70.

And it is also related to the age of the building. The building age plus loan period of brick-concrete structure cannot exceed 47, and the building age plus loan period of steel-concrete structure cannot exceed 57.

The specific loan amount is: First, it shall not exceed the individual repayment ability, that is, the sum of the borrower's monthly contribution/the borrower's spouse's provident fund contribution/the borrower's spouse's provident fund contribution ratio ×50%× 12 (month )× the loan period.