1. Can the provident fund loan be shortened?
If the borrower needs to apply for shortening the provident fund loan, it may shorten the loan period and apply according to the following requirements:
1. You can apply for shortening the term alone or together with part of the advance payment;
2. You can only apply after the repayment is over 1 year;
3. Apply within 2 days before and after the fixed repayment date (5-day period);
4. The borrower needs to fill in the application form for shortening/partial prepayment, and I will sign it for confirmation, and the acceptance outlets will affix their signatures and seals;
5. After approval and normal repayment in the current month, the monthly payment will be calculated according to the new repayment cycle in the next repayment month.
Second, what is the process of buying a house with a provident fund mortgage loan?
1. Submit the application for provident fund loan and the materials needed for the loan, and review the information of the lender;
2. The loan undertaking bank shall investigate and review the lender's credit standing, and sign a provident fund loan contract if it passes the examination;
3. Handle home insurance and mortgage loan procedures. The formalities and certificates are complete, the loan contract takes effect, and the provident fund loan is disbursed.
3. What are the benefits of buying a house with a provident fund loan?
1, the loan interest rate is lower than the commercial loan interest rate.
Speaking of provident fund loans, the most direct feature is that the loan interest rate is lower than that of commercial loans, which saves a lot of purchase costs for buyers.
2. There is no penalty for repaying the loan in advance.
Compared with commercial loans, the repayment time of housing provident fund loans is more flexible. As long as the monthly repayment amount of the provident fund is not lower than the "minimum repayment amount" stipulated by the bank. If you want to pay back in advance after buying a house with a mortgage loan from the housing provident fund, you only need principal and interest, no matter whether you repay part or all of the loans in advance, and you don't need to pay liquidated damages.
3. The loan amount is large and the term is long.
Property buyers all know that in the case of a certain total house payment, the greater the loan amount, the less the down payment and the less the pressure; The longer the loan term, the less the monthly payment and the less the pressure. Compared with commercial loans, housing provident fund loans have obvious advantages. Usually, if there is a policy, the content of the policy will be biased towards provident fund loans.
4. You can enjoy tax exemption.
According to the relevant provisions of the state, housing provident fund is exempt from income tax. Housing accumulation fund paid by enterprises for employees can be used as a deduction of enterprise income tax and charged to the cost. In other words, the housing accumulation fund paid by enterprises for employees can be charged before tax, which not only increases the income of employees but also reduces the tax burden of enterprises accordingly. At the same time, according to the regulations, "the housing provident fund actually paid by units and individuals is not included in the personal current salary income and is exempt from personal income tax", and the paid part can be deducted as a personal income tax deduction item before paying personal income tax.
The above is about whether the provident fund loan arranged for you can be shortened. We can understand that if the borrower needs to apply for shortening the provident fund loan, he can shorten the term and apply for shortening the loan term according to the above requirements. This knowledge is not difficult to understand, but it is also very important.