Of course, different regions have different regulations. It is suggested that customers can call the staff of the local housing provident fund management center.
Moreover, it should be noted that the amount of provident fund loans is not only related to the account balance, but also related to the monthly deposit. The formula is: the loan amount of provident fund = [(the total monthly salary of the borrower+the monthly contribution of the housing provident fund of the borrower's unit) × the repayment ability coefficient (40%)- the total monthly repayment amount of the borrower's existing loan ]× the loan period (month).
1. Can the housing provident fund be loaned?
Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.
Housing provident fund loans refer to housing mortgage loans issued by local housing provident fund management centers to on-the-job employees who paid housing provident fund and retired employees who paid housing provident fund during their employment.
It can be seen that the housing provident fund can apply for loans, but it can only be used for employees to buy, build, renovate and overhaul their own houses. The main types of provident fund loans are new housing loans, second-hand housing loans, self-built housing loans, housing decoration loans, commercial housing loans to provident fund loans and so on. But it should be noted that not all provident fund centers can handle these types of loans.
Second, how to apply for housing provident fund loans?
1. Submit the application
The borrower shall submit a written application for housing provident fund loan to the housing provident fund management center, and truthfully fill in the housing provident fund loan application form and related materials, such as: personal identity card, marriage certificate, income certificate of the applicant and spouse, legal original purchase contract, stamp of the applicant and spouse, etc.
2. Audit data
The housing provident fund management center shall review the borrower's information, including the borrower's qualification, loan amount, term, etc. After passing the examination, the management center will issue relevant certificates of loan approval.
Step 3 sign a contract
If the borrower is approved by the housing provident fund management department, he may sign a loan contract and a guarantee contract with the loan bank, and handle mortgage registration, insurance, notarization and other related procedures.
Step 4 lend a loan
According to the loan contract, the loan bank will transfer the loan to the bank account designated by the borrower in one lump sum or in installments.
5. Repay on time
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.
Step 6 cancel the mortgage
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 procedures at the original mortgage registration department.