In recent times, housing prices have continued to rise, the property market has been tightened again, and some areas have begun to tighten provident fund policies, resulting in overcrowding in provident fund halls. Provident fund loans to buy a house have become the preferred way for many people to buy a house. Kaiyuan, Yunnan, is part of Honghe Prefecture, Yunnan. At the moment when policies are being fine-tuned in some areas, what is the housing provident fund policy of Kaiyuan, Yunnan? What are the housing provident fund loan management methods in Honghe Prefecture, Yunnan?

Honghe Prefecture Housing Provident Fund Loan Management Measures

Chapter 1 General Provisions

Article 1 is to standardize the Honghe Prefecture housing provident fund loan management and effectively implement the Housing Provident Fund Management Center Responsibilities: Give full play to the role of mutual assistance and accommodation of the housing provident fund, and ensure the reasonable and effective use of the housing provident fund and the safe value preservation and operation. In accordance with the "Regulations on the Administration of Housing Provident Funds" of the State Council, the "General Principles of Loans" and "Administrative Measures for Personal Housing Loans" of the People's Bank of China, these measures are formulated in conjunction with the actual situation of Honghe Prefecture.

Article 2 Housing Provident Fund Loans (hereinafter referred to as housing loans) refer to the Honghe Prefecture Housing Provident Fund Management Center (hereinafter referred to as the Center) using the collected housing provident funds to entrust banks to borrow money from qualified loans within its jurisdiction A loan issued by a person for the purchase (construction, renovation, major repair) of a self-occupied house.

Article 3 These Measures apply to the operation and management of provident fund loans by the Honghe Prefecture Housing Provident Fund Management Center and its subordinate departments.

Chapter 2 Objects and Conditions of Housing Loans

Article 4 The objects of housing loans are within the jurisdiction of Honghe Prefecture, where a housing provident fund system has been established, and the housing provident fund shall be in full amount according to the regulations , Employees who have continuously paid statutory housing provident funds for more than 12 months and have full capacity for civil conduct.

Article 5 The borrower must meet the following conditions at the same time

(1) Have a permanent urban residence or valid residence status in the administrative region of Honghe Prefecture;

(2) ) Have a stable career and income, good credit, and the ability to repay the principal and interest of the loan on time;

(3) Have a legal contract, agreement or right to purchase (build, renovate, overhaul) your own home Relevant written certification materials issued by the department;

(4) Have assets recognized by the center as mortgage or pledge, and agree to handle the registration and insurance procedures for relevant mortgage or pledged property; or have a third party with the ability to compensate. The three people serve as guarantors for the repayment of the principal and interest of the loan and assume joint and several liability;

(5) Self-raised funds of 30% of the total price of the house purchase (construction, overhaul) as the down payment;

(6) The borrower has no unpaid debts with a large amount that may affect loan repayment.

Article 6 The borrower should provide the following information to the center when applying for a loan

(1) Valid certificate for payment of housing provident fund (housing provident fund magnetic card);

(2) Identity documents of the borrower and spouse (referring to resident identity card, household register and other valid documents);

(3) Proof of stable economic income of the borrower’s family;

(4) A housing purchase (construction, renovation, major repair) contract or agreement that meets the regulations and written materials proving approval from the competent department;

(5) List of mortgages or pledges, and proof of ownership As well as the mortgage or pledge authorization certificate agreed by the person with the right to dispose, the mortgage evaluation certificate issued by the competent department, the guarantor's identity certificate, credit certificate, and written materials agreeing to guarantee.

Chapter 3 Amount, Term and Interest Rate of Housing Loans

Article 7 The borrower’s housing loan limit is valid based on the borrower’s housing purchase, construction and overhaul price and housing provident fund payment. The actual loan amount shall be determined based on specific circumstances such as age, housing provident fund balance, family income, repayment ability, etc.

(1) The maximum loan amount shall not exceed the borrower's purchase (construction, renovation, major repair) of his or her own home. 70 of the total price. At the same time, the maximum loan amount shall not exceed 70 of the appraised value of the collateral provided by the borrower and 100 of the total value of the pledge;

(2) Loan amount = total income of the borrower’s family × 40 (specified repayment ratio) x 12 months ), shall not be higher than the maximum loan limit;

(4) Loan limit = borrower’s housing provident fund storage balance × 15 times, shall not be higher than the maximum loan limit.

The actual amount of the borrower’s loan is determined by the center based on the borrower’s specific circumstances.

Article 8 The maximum term of the loan shall not exceed the specified 30 years. The actual term of the loan is generally within the effective working life of the borrower. In special circumstances, the loan term may be extended to the borrower's good health. 5 years after the statutory retirement age. The actual term of the loan is determined by the center based on the borrower's actual situation and repayment ability.

Article 9 The interest rate of housing loans shall be subject to the regulations of the People's Bank of China. If the loan period is less than one year, the contract interest rate will be applied. If the loan period is more than one year, the interest rate of the People's Bank of China will be adjusted and fixed for one year (the new interest rate will be adjusted on January 1).

Chapter 4 Housing Loan Procedures

Article 10. Borrowers applying for personal housing loans should submit a written application to the center. After being verified as meeting the loan conditions, they should fill in the "Employee Personal Housing Provident Fund" Loan Application Approval Form" and submit relevant information.

Article 11 Housing Loan Review and Approval

1. First, the loan officers of the center will review the authenticity and legality of all documents and information submitted by the borrower and the feasibility of the loan. Conduct review and evaluation, and propose suggestions on loan availability, loan amount, term, and repayment, and promptly report to the central approval department for review and approval.

2. Housing loan approval is divided according to authority, and approval groups are formed at all levels. The highest authority approval group is headed by the director of the state center and is composed of relevant personnel. The approval groups at all levels are composed of department heads. Long, composed of relevant personnel. Each group is responsible for the approval of housing loans within its authority. After the center's legal representative or authorized principal signs and approves, the center's loan officer will give a formal reply to the borrower and handle the relevant procedures for loan disbursement.

3. The above review and approval procedure center should complete within 15 working days.

Article 12 For loan applications approved by the center, the borrower must handle the registration of loan collateral and housing loan insurance in accordance with national laws and regulations and relevant local regulations.

Article 13 If the borrower signs a housing loan mortgage (pledge) contract with the center, registers the mortgage (pledge), handles insurance or entrusts withholding to repay the loan principal and interest, he must also sign an entrusted withholding contract. loan agreement (the debit account must be the borrower’s salary account).

Article 14 After the borrower signs and handles the mortgage (pledge) registration, insurance or entrusted deduction agreement procedures, the central loan officer will issue an "entrusted loan notice", which will be issued by the borrower. Go to the entrusted bank designated by the center to sign the "Housing Provident Fund Personal Mortgage Contract" and go through the loan transfer procedures.

Chapter 5 Guarantee of Housing Loans

Article 15 Housing loans are subject to mortgage and pledge. Depending on the specific circumstances of the borrower, housing loans adopt one of the above loan guarantee methods or several loan guarantee methods at the same time.

During the loan period, with the consent of the Center, the borrower can change the loan guarantee method according to the actual situation.

Article 16 Collateral

1. The mortgage for a housing loan must be a house purchased by a borrower recognized by the Center and capable of mortgage registration or other property that complies with legal provisions. .

2. The value of the collateral shall be determined based on the market transaction price or appraisal price of the collateral. The collateral needs to be appraised and the appraisal costs are borne by the borrower.

3. After the center and the mortgagor sign a mortgage contract, both parties must handle mortgage registration in accordance with legal provisions; the mortgage registration fees shall be borne by the borrower.

4. After the mortgage right is established, all certification documents (original copies) that can prove the ownership of the mortgaged property shall be kept by the center and shall bear the custody responsibility.

5. The mortgagor must properly keep the mortgaged property during the mortgage period, be responsible for repairs, maintenance, and ensure that it remains intact, and accept the supervision and inspection of the center at any time.

6. For the set collateral, before the principal and interest of the loan are repaid, the mortgagor shall not transfer, lease, repeat mortgage or otherwise dispose of the collateral without the written consent of the Center.

(The above answers were published on 2013-09-18, please refer to the actual current relevant home purchase policies)

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