Letter of credit clause
1, with permanent residence in this city or valid identity documents;
2, according to the "Regulations" provisions of the full monthly housing provident fund deposit for 6 months, with full capacity for civil conduct;
3. Have a stable occupation and income, good credit and the ability to repay the principal and interest of the loan;
4. Ordinary self-occupied housing (commercial housing, affordable housing, price-limited housing, second-hand housing) needs to sign a valid purchase contract registered by the housing management department, and pay the down payment of more than 30% of the total purchase price with its own funds (the second-hand housing with brick-concrete structure needs to pay more than 40% of the down payment);
5. Agree to provide guarantee according to the guarantee method recognized by the management center and the entrusted bank;
6. Agree to use the property purchased by the loan as collateral;
7. Other conditions stipulated by the lender.
Loan amount:
The maximum amount of a single housing provident fund loan is 400,000 yuan for a single employee and 600,000 yuan for both employees.
Loan interest rate:
Less than five years (including five years): 2.75%
More than five years: 3.25%
Loan term:
The longest period is not more than 30 years, and the loan period may be appropriately extended to 5 years after the borrower's statutory retirement age.
Loan repayment
Matching principal and interest repayment method:
As a repayment, he pays a fixed amount to the bank every month, but the proportion of principal in the monthly repayment increases month by month, and the proportion of interest decreases month by month.
Average capital repayment method:
Compared with the matching principal and interest, the total interest cost of this repayment method is lower, but the principal and interest paid in the early stage are more, and the repayment burden is reduced month by month.