Provident fund loan process: 1. The borrower consults with the provident fund guarantee institution and provides the above application materials. After the materials are complete, the Credit Commissioner reports to the Provident Fund Loan Center for credit evaluation and house evaluation. 2. Preliminary review: After both the credit review and the house review are reported, the buyer and the seller bring the original materials to the provident fund loan center for preliminary review. After the loan letter is issued, the transfer department arranges the transfer of ownership between the buyer and the seller. 3. Re-inspection: the agent evaluates the deed tax ticket and the notice of obtaining the certificate, and re-examines it at the management department. 4. Face-to-face signing: the agent takes the property buyers to the provident fund management center to sign a formal loan contract. 5. Lending: The loan amount is lent by the provident fund management center to the repayment bank selected by the buyer, and then directly to the seller by the bank. Housing provident fund loans to buy second-hand housing, the money can not be directly transferred to the seller's account, the money approved by the loan will be directly transferred to the owner's name, so don't worry about the safety of funds.
Legal basis:
"Regulations on the Administration of Housing Provident Fund in People's Republic of China (PRC)" Article 24 An employee may withdraw the storage balance in the employee's housing provident fund account under any of the following circumstances: (1) purchasing, building, renovating or overhauling the 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.
Derivative problem:
How much can the provident fund loan borrow? Provident fund loans have many restrictions on the loan amount. Generally, there will be a maximum amount of provident fund loans in various regions. The borrower's loan amount cannot exceed the local limit, and the loan amount cannot exceed the difference between the total house price and the down payment. In addition, the amount of provident fund loans is also related to factors such as the amount of provident fund deposit by the borrower and the borrower's spouse, the balance of the provident fund account, and the loan period. Usually, the loan amount of the reserve is determined according to the lowest of the following four items: 1. Calculate the actual loan amount according to the lender's repayment ability; 2. Calculate the actual loan amount according to the multiple of the normal deposit balance of the provident fund account; 3, according to the provisions of the housing loan ratio to calculate the reserve loan amount; 4. Determine the loan amount according to the maximum amount of local provident fund loans. Different regions have different ways to calculate the amount of provident fund loans. Please consult the local housing provident fund management center for specific suggestions.