Housing provident fund loans refer to local housing provident fund management centers using the housing provident funds paid by employees and their units, and entrusting commercial banks to provide housing provident funds to current employees who have paid housing provident funds and to employees who have paid housing provident funds during their employment. Home mortgage loans issued to retired employees.

The housing provident fund paid by employees and the housing provident fund paid by the employee's unit for employees are personal savings saved by employees in accordance with regulations and specifically used for housing consumption expenditures, and belong to the individual employees. When an employee retires, the principal and interest balance will be paid in one lump sum and returned to the employee himself.

The categories of housing provident fund loans include: new home loans, second-hand home loans, self-built housing loans, home decoration loans, commercial housing loans converted to provident fund loans, etc.

(Note: Not all provident fund centers provide the above types of loans, please consult the local housing provident fund management agency first)

Compared with commercial housing loans, housing provident fund loans have lower interest rates. It has the advantages of flexible repayment methods and low down payment ratio. The disadvantages are that the procedures are cumbersome and the approval time is long.

Application process

1. To apply for a housing provident fund loan, the borrower must submit a written application to the bank, fill in the housing provident fund loan application form and truthfully provide the following information:

(1) Proof of housing provident fund payment of the applicant and his/her spouse;

(2) Identity certificate of the applicant and his or her spouse (referring to resident ID card, permanent residence booklet and other valid residence documents), and documents proving marital status;

(3) Proof of stable family economic income and other proofs of claims and debts that have an impact on repayment ability;

(4) Valid supporting documents such as contracts and agreements for purchasing a house;< /p>

(5) Collateral used for security, list of pledges, certificate of ownership, proof of the consent of the person with the right to dispose of the mortgage or pledge, and collateral valuation certificate issued by the relevant department;

(6) The Provident Fund Center requires a third-party guarantor to provide guarantee and pay the guarantee fee, and the borrower, lender and third-party guarantor must sign a three-party contract.

(7) Other information required by the Provident Fund Center.

2. For loan applications with complete information, the bank will promptly accept and review them and submit them to the Provident Fund Center in a timely manner.

3. The Provident Fund Center is responsible for approving loans and notifying the bank of the approval results in a timely manner.

4. 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. , the provident fund center will allocate the entrusted loan fund after approval, and the entrusted bank will issue the loan in full and on time according to the loan contract.

5. 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 real estate mortgage registration procedures. If the mortgage contract or agreement is signed by both husband and wife, and the mortgage is pledged with securities, The borrower will hand over the securities to the management department or alliance center for safekeeping.