Generally, the disbursement time for provident fund loans is 15 to 20 working days, depending on the completeness and speed of the lender's preparation.
The application conditions for a provident fund loan are:
1. Have a valid permanent residence in the town where the loan is taken, and be able to provide a valid proof of residence;
2. Have a continuous history before the loan The housing provident fund must be paid for more than 6 months, and the cumulative payment time of the provident fund cannot be 12 months;
3. The self-raised funds for the first home must reach more than 30% (inclusive) of the total price of the house purchased. , the first home loan of less than 90 square meters only requires 20%;
4. The borrower has a legitimate job and stable income, a fixed monthly salary income, and a clear intention to repay the loan;
< p>5. Signed a house purchase deed or contract with the sales office;6. Meets other conditions stipulated by the principal and trustee.
Housing provident fund loan process:
Lenders applying for housing provident fund loans must submit a written application to the bank.
The bank will promptly accept and review loan applications with complete information. , and submit it to the Provident Fund Center in a timely manner.
The Provident Fund Center is responsible for approving loans and notifying banks of the approval results in a timely manner.
The bank will notify the applicant to handle the loan procedures based on the approval results of the Provident Fund Center. The borrower and his wife will sign a loan contract and related contracts or agreements with the bank, and submit the loan contract and other procedures to the Provident Fund Center for review. After approval, the center will allocate the entrusted loan fund, and the entrusted bank will disburse the loan in full and on time as stipulated in the loan contract. If the guarantee is in the form of a housing mortgage, the borrower must go to the housing property rights management department in the area where the house is located to handle the property mortgage registration procedures. The mortgage contract or agreement must be signed by both husband and wife. If it is pledged with securities, the borrower must hand over the securities to the management department. Or the Alliance Center will keep it for safekeeping.