Because shops are commercial in nature, they cannot be purchased or loaned with housing provident fund.

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.

But you can change it a little, that is, you can buy a ground floor house facing the street. These ground-floor houses can be used as storefronts, and the nature of the land is not commercial, so housing provident fund can be used.

1. What is the loan process for buying a store?

1. You need to open a current deposit account with a banking institution;

2. Please fill in the loan application form as required, and submit the application form and required materials as instructed by the bank;

3. The bank manager or appointed lawyer will visit you at home to investigate the authenticity, legality and completeness of the information you provide;

4. After the bank has passed the examination and approval, it will inform you of the examination and approval results and sign a loan contract with you;

5. Handle insurance, mortgage registration, notarization and other procedures as appropriate;

6. CITIC Industrial Bank will directly transfer the loan to the account agreed in the contract;

7. Please repay the principal and interest according to the loan contract.

8. If the real estate purchased by the shop loan is for business operation, the materials to be prepared: the borrower's ID card, household registration book, proof of marital status, original and photocopy of the real estate license, bank flow, proof of large assets, etc. A copy of the company's business license is stamped with the official seal, the company's articles of association, the company's financial statements for the last 1-3 years, the company's bank flow, and the certification materials used for business or financing purposes.

Amount: 70% of the appraised value of real estate can be applied for high commercial use.

Interest rate: According to the bank policy and the qualifications of borrowers, the interest rate will rise by more than 20% on the basis of the benchmark interest rate.

Years: generally less than five years.

2. How many years can a shop loan last?

1. If you choose a store loan to buy a store, the loan is not capped, and the loan period is generally 5 years, and the length is 10 year. The loan interest rate shall be the same level RMB fixed assets loan interest rate stipulated by the People's Bank of China, with a floating range of 5.85%-6.2 1%.

2. At present, the mortgage loan for personal shops provided by commercial banks can reach up to 60%, which is a little higher than the profit of personal housing loans according to the current commercial loan interest rate. In addition, because the shop is sexual, there is no distinction between the first suite and the second suite, which means that even if the shop you buy is the first suite under your name, it will be implemented according to this standard.

3. The repayment method of store loans is also very flexible. If the loan term of the borrower is within 1 year (including 1 year), the borrower can pay off the loan principal and interest in one lump sum or repay the loan monthly. If the loan term is 1- 10 years (inclusive), the borrower can repay the loan on a monthly basis. Moreover, the lender can also choose to prepay in whole or in part according to the operating income.

Legal basis:

Regulations on the administration of housing provident fund

Twenty-fourth employees in any of the following circumstances, you can withdraw the balance of storage in the employee housing provident fund account:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) the rent exceeds the prescribed proportion of family wage income.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.

If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.