1, loan application. The borrower applies for a loan from the entrusted bank designated by the housing provident fund management center, and provides the required information, such as ID card, household registration book, marriage certificate, income certificate, purchase contract or agreement, etc.
2. Qualification examination. The bank conducts a preliminary examination of the borrower's information, and the housing provident fund management center conducts a review, which mainly evaluates the borrower's provident fund account balance, deposit base, price and area of the house purchased, stable occupation and income, and credit status.
3. Sign a loan contract. If the borrower meets the requirements, it shall sign a loan contract with it, stipulating the loan amount, interest rate, repayment period and repayment method.
4. Go through the mortgage registration formalities. The borrower needs to use the purchased house as collateral, sign a house sales contract with the developer, and go through the mortgage registration procedures.
5. Entrust a bank loan. The housing provident fund management center entrusts the loan funds to the designated bank, which transfers them to the developer, and opens a personal account for the borrower for repayment.
6. Start repayment. The borrower needs to repay the loan on a fixed date every month, and can choose the repayment method of equal monthly principal and interest or monthly average capital.
7. Settle the loan and go through the formalities of understanding the mortgage. After the borrower pays off all the loan principal and interest, he can apply to the housing provident fund management center for mortgage procedures and get back the house ownership certificate.