What is Kaifeng’s provident fund loan policy?

Legal analysis: Loan conditions Depositing employees who apply for a housing provident fund loan must meet the following conditions: 1. The applicant’s housing provident fund account opening date has expired 6 months and continuous normal deposits for more than 6 months (inclusive); 2. The applicant must purchase a self-occupied house in the administrative area of ????Kaifeng and be the property owner of the purchased house; 3. The applicant and his wife have never had a housing loan Or have only had one home loan. 4. Both the applicant and his wife have no outstanding housing provident fund loans. 5. In the "Personal Credit Report" of both the applicant and his wife, there are no overdue debts for three consecutive periods and a total of six periods in the past two years, and there are no bad debts. 6. Provide guarantee procedures approved by the Municipal Housing Provident Fund Management Center. 7. The place of residence of the applicant for provident fund loan in another place must be within the administrative area of ??Kaifeng. 8. The real estate developer has registered the house purchased by the applicant with the Municipal Housing Provident Fund Management Center. 9. Meet other conditions for housing provident fund loans. Loan materials for commercial housing: (1) One copy each of the couple’s ID card, household register, marriage status certificate, full purchase invoice, and original purchase contract filed with the real estate department. (2) Original ID card and household register of the guarantor. Second-hand houses: (1) Identity cards of both spouses, household registration booklet, marriage status certificate, "Notice of Taxable Price for Existing House Transactions (Residential)" stamped with the "Special Seal of Kaifeng Real Estate Archives Information Center", sales contract, One copy of the original and photocopy of the house book and deed tax invoice after the transfer, and one copy of the house book before the transfer. Original copy of the borrower's repayment bank card. (2) Original ID card and household register of the guarantor. (3) Originals of the seller’s ID card and bank card. Conversion of bank loan to provident fund loan: (1) One copy each of the couple’s ID card, household register, marriage status certificate, house book, original and copy of deed and tax payment certificate, and one original bank loan repayment certificate. Original copy of the borrower's repayment bank card. (2) Original ID card and household register of the guarantor.

Legal basis: "Housing Provident Fund Management Regulations"

Article 13 The Housing Provident Fund Management Center shall establish a special housing provident fund account in the entrusted bank. The unit shall register the payment and deposit of housing provident fund with the housing provident fund management center, and handle the procedures for setting up housing provident fund accounts for its employees. Each employee can only have one housing provident fund account. The housing provident fund management center shall establish a detailed account of employees' housing provident funds to record the deposits, withdrawals, etc. of individual employees' housing provident funds.

Article 20 Units shall pay and deposit the housing provident fund on time and in full, and shall not make late payment or underpayment. For units that really have difficulty in paying the housing provident fund, after discussion and approval by the unit’s employee congress or labor union, and after being reviewed by the housing provident fund management center and approved by the housing provident fund management committee, the payment ratio can be reduced or the payment can be deferred; After the benefits improve, the payment ratio can be increased or the payment can be postponed.

Article 24 If an employee has any of the following circumstances, he or she may withdraw the balance in the employee housing provident fund account: (1) Purchasing, constructing, renovating, or overhauling a self-occupied house; (2) Retirement , retired; (3) completely lost the ability to work and terminated the labor relationship with the unit; (4) settled abroad; (5) repaid the principal and interest of the house purchase loan; (6) the rent exceeded the prescribed proportion of family wage income. In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, when the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time. If an employee dies or is declared dead, the employee's heirs or legatees can withdraw the balance in the employee's housing provident fund account; if there is no heir or legatee, the balance in the employee's housing provident fund account will be included in the appreciation income of the housing provident fund.

What is the down payment ratio for buying a second house in Kaifeng? Can provident fund loans be used?

When applying for a loan when buying a second home, it will be affected by the purchase of the first home. The down payment ratio for the second home will be higher. The down payment for the second home refers to the down payment for the second home. When you need to provide the first installment payment amount to the bank, what is the down payment ratio for buying a second house in Kaifeng? Can you use provident fund loans to buy a second house in Kaifeng?

When purchasing a second home, applying for a loan will be affected by the purchase of the first home. The down payment ratio for the second home will be higher. The down payment for the second home refers to the down payment that the buyer needs to provide to the bank when purchasing the second home. The first installment payment amount, then what is the down payment ratio for buying a second house in Kaifeng? Can I use a provident fund loan to buy a second house in Kaifeng?

What is the down payment ratio for buying a second house in Kaifeng?

1. According to the adjustment of the new mortgage policy, the details of the new mortgage policy require that the loan ratio and loan interest rate for the second home should be further increased. That is to say, under the new mortgage policy, the down payment for the second home must be further increased. The ratio will increase. According to new data, the down payment ratio for second homes will increase from 60% to 70% in the past, and the loan interest rate will also increase to 1.3 times the previous level.

2. For families buying their first home with a floor area of ??more than 90 square meters, the loan down payment ratio shall not be less than 30%; for families buying a second home with a loan, the loan down payment The ratio shall not be less than 60%, and the loan interest rate shall not be lower than 1.1 times the benchmark interest rate; the down payment ratio and loan interest rate for loans to buy a third or higher house should be significantly increased, and the details shall be determined independently by commercial banks based on risk management principles.

3. Take a loan of 300,000 yuan, which can be repaid in 20 years, using equal principal and interest repayments as an example. If the home purchased by the borrower is the first home and the mortgage interest rate is calculated based on the current benchmark interest rate for loans with a term of more than five years at 6.55%, the borrower will need to repay 2,245.56 yuan per month, and the total interest to be paid in 20 years will be 238,934.18 yuan;

Can I use provident fund loans to buy a second house in Kaifeng?

1. The intermediary service fees for second-hand houses are uniformly charged by the real estate intermediary service agencies according to the charging standards, and invoices must be issued in accordance with the law. For tax payment, real estate intermediary service charges are subject to a clearly marked price system. The intermediary service agency should publish its fee items, billing methods, service content, charging standards, etc. in a conspicuous location at its business premises or payment location.

2. The current intermediary fee charging standard in the market is 2% to 3% of the house price, which is also a large amount for home buyers. However, due to the development of the Internet, online trading platforms have emerged, with commissions for second-hand houses starting at 0.5% and renting houses free of charge. Later, other second-hand house intermediaries such as Aiwu and Wu charged a commission of 1%.

3. Ordinary consulting reports charge 300-1,000 yuan each; for consulting reports that are technically difficult, complex, and consume a lot of manpower and time, the charging standards can be appropriately increased, but not exceeding the subject matter of the consultation. 0.5% of the amount.

The above is an introduction to the down payment ratio for buying a second house in Kaifeng and whether you can use provident fund loans to buy a second house in Kaifeng. After buying a house, you need to plan to renovate the house. We do not need to renovate the house. If you are worried about funds, you can get loans not only to buy a house, but also to decorate the house. Therefore, it is recommended that you understand the relevant mortgage issues before purchasing a house and make a financial plan.

How much is a Kaifeng provident fund loan?

The amount of housing provident fund entrusted loan shall not exceed 70% of the total amount of the employee's purchase and construction of a house, and the monthly repayment amount shall not exceed the monthly economic income of both husband and wife. 50%. The maximum amount of housing provident fund personal housing entrusted loans is 150,000 yuan. The loan interest rate for five years or less (including five years) is 4.59%, and for more than five years it is 5.13%.

What are the requirements for a loan to buy a house in Kaifeng?

We know that most people who buy a house now will choose Loans, but the relevant conditions must be met to buy a house with a loan. Below, the editor will introduce to you the conditions required for a loan to buy a house in Kaifeng.

What are the conditions required to buy a house with a loan in Kaifeng

To buy a house with a loan in Kaifeng, you can apply for a commercial loan to buy a house, and you can also apply for a provident fund loan.

Home buyers who apply for provident fund loans in Kaifeng must meet the basic conditions for the loan. They also need to provide legal documents such as ID cards, income certificates, house sales contracts, letters of guarantee and other supporting documents that must be submitted. And It also needs to be reviewed and qualified. At this time, the home buyer will be granted a loan to purchase the house.

What should you pay attention to when buying a house with a loan

1. When applying for a mortgage, you should act according to your ability

For example, some people may think that the larger the loan amount, the better. In fact, the truth is This is not the case, because you still have to repay the mortgage after you obtain it, and you also need to pay interest. If your loan period is longer and the loan amount is larger, it will also result in more loan interest to be paid, so that Increased repayment pressure.

2. Prepare loan information in advance

Submit a copy of your ID card, household register, marriage certificate or single certificate, academic certificate, income certificate and bank statement , a copy of the house purchase contract and down payment invoice, social security related certificates, etc. Another important point is that if you have a bad credit record for credit card repayments, you should apply to clear it or issue relevant certificates at this time.

3. Provide true information

If the loan buyer provides false information to the bank, this may have a serious impact: at least it may affect the bank. After review, the loan cannot be issued, so there is no way to realize the dream of living; in serious cases, the loan cannot be processed because the individual provides false materials, which will also cause the developer to require the home buyer to bear the overdue delivery of mortgage information and commercial housing. Liability for breach of contract in the pre-sale contract, and a considerable amount of liquidated damages may also be required.

4. Be clear about the repayment method in advance

Nowadays, there are two main repayment methods for bank loans to buy houses, one is equal principal and interest and equal principal. The interest for an equal principal payment will be lower, but the monthly payment is higher, so relatively speaking, the interest will be larger. The total interest for equal principal and interest payments will be higher, but the monthly repayment pressure will be less.

Summary: This is the introduction to the conditions required for a loan to buy a house in Kaifeng. To buy a house with a loan, you must meet the relevant conditions. Only if you meet these conditions can you apply.

Kaifeng house purchase loan interest rate in 2022

1. Commercial loan

Within one year (including one year)

The annual interest rate is 4.75%

One to five years (including five years)

The annual interest rate is 4.9%

More than five years

The annual interest rate is 4.9% or more

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2. Provident Fund Loan

Five years or less (including five years)

Annual interest rate 2.75%

More than five years

1. Housing provident fund loans: For residents who have participated in paying housing provident funds, housing provident fund low-interest loans should be the first choice when purchasing a house.

Housing provident fund loans are policy subsidies, and the loan interest rate is very low. It is not only lower than the commercial bank loan interest rate in the same period (only half of the commercial bank mortgage loan interest rate), but also lower than the commercial bank deposit interest rate in the same period. In other words, there is an interest rate difference between the housing provident fund mortgage interest rate and the bank deposit interest rate.

At the same time, the fees for housing provident fund loans are halved when handling mortgage and insurance and other related procedures.

2. Personal housing commercial loans: The above two loan methods are limited to employees of units who have paid housing provident funds, and there are many restrictions. Therefore, people who have not paid housing provident funds are not eligible to apply for loans, but they can apply. Commercial bank personal housing guaranteed loans, that is, bank mortgage loans.

As long as the balance of your deposit in the lending bank accounts for no less than 30% of the funds required to purchase a house, and you use this as the down payment for purchasing a house, and you have assets recognized by the lending bank as mortgage or pledge, Or a unit or individual with sufficient repayment capacity can act as a guarantor to repay the principal and interest of the loan and assume joint and several liability, then you can apply for a bank mortgage loan.

3. Personal housing portfolio loan: The maximum limit of provident fund loans that can be issued by the housing provident fund management center is generally 100,000 to 290,000 yuan. If the purchase price exceeds this limit, the shortfall must be applied to the bank for housing commercialization loan.

These two types of loans are collectively called portfolio loans. This business can be handled uniformly by the real estate credit department of a bank.

Portfolio loans have moderate interest rates and larger loan amounts, so they are often chosen by borrowers.

According to the calculation formulas of general mortgage repayment methods, there are two types:

1. Calculation formula of equal principal and interest:

Calculation principle: The bank starts from each month During the payment, the interest on the remaining principal is collected first, then the principal; the proportion of interest in the monthly payment will decrease as the remaining principal decreases, and the proportion of principal in the monthly payment will increase as the remaining principal increases, but The total monthly payment remains unchanged.

What needs to be noted is:

1. The maximum amount of provident fund loans in various cities should be considered based on local conditions;

2. For those who have already taken a loan to purchase a house However, if the per capita area is lower than the local average, residents who apply to purchase a second ordinary owner-occupied house will be subject to the preferential policies for purchasing an ordinary owner-occupied house with a first loan.

2. Calculation formula of equal principal:

Monthly repayment = monthly principal, monthly principal and interest

Monthly principal = principal/ Number of repayment months

Monthly principal and interest = (principal - total cumulative repayment) Decrease due to decrease in remaining principal.

What is the loan limit for Kaifeng Provident Fund commercial housing in 2022?

What is the loan limit for Kaifeng Provident Fund commercial housing in 2022?

The maximum loan limit is 500,000 yuan.

1. If the applicant is applying for a first-time housing loan, the maximum amount that can be borrowed is 80% of the total purchase price;

2. The applicant has had 1 housing provident fund loan, which has been settled The maximum amount that can be borrowed is 80% of the total purchase price of the house;

3. If the applicant has had a commercial bank loan and has not yet paid it off, the maximum amount that can be borrowed is 70% of the total purchase price of the house.

At the same time, the lowest value is taken from the following two calculation methods

The first is calculated based on repayment ability:

Monthly repayment amount = monthly provident fund contribution of both spouses The sum of the bases × 50%

The second method is calculated based on the deposit balance:

Loan amount = (Borrower’s provident fund deposit balance and spouse’s provident fund deposit balance) × 10 times × payment Storage time coefficient. (If the account balance is less than 10,000 yuan, it will be calculated as 10,000 yuan)

The comparison between the deposit time and the deposit time coefficient is as follows:

6 months < deposit time ≤ 12 months , the deposit time coefficient is 0.7;

12 months < deposit time ≤ 24 months, the deposit time coefficient is 1.0;

24 months < deposit time ≤ 36 months, the deposit time coefficient is 1.1;

36 months < deposit time ≤ 48 months, the deposit time coefficient is 1.2;

48 months < deposit time ≤ 60 months, the deposit time coefficient is 1.5;

60 months < deposit time, the deposit time coefficient is 2.

Provident Fund second-hand housing loan limit

The maximum loan limit is 500,000 yuan, and the first home loan is the "Notice of Approved Tax Price for Existing House Transactions (Residential)" in the second-hand housing transaction 》60% of the approved price does not include tax. The loan for the second home is 50% of the tax-exclusive approved price in the "Notification of Approved Tax Price for Existing House Transactions (Residential)". At the same time, take the lowest value if the following two accounting methods are met

The first is calculated based on repayment ability:

Monthly repayment amount = the sum of the monthly provident fund payment bases of both spouses × 50%

The second method is calculated based on the deposit balance:

Loan amount = (borrower’s provident fund deposit balance and spouse’s provident fund deposit balance) × 10 times × deposit time coefficient. (If the account balance is less than 10,000 yuan, it will be calculated as 10,000 yuan)

The comparison between the deposit time and the deposit time coefficient is as follows:

6 months < deposit time ≤ 12 months , the deposit time coefficient is 0.7;

12 months < deposit time ≤ 24 months, the deposit time coefficient is 1.0;

24 months < deposit time ≤ 36 months, the deposit time coefficient is 1.1;

36 months < deposit time ≤ 48 months, the deposit time coefficient is 1.2;

48 months < deposit time ≤ 60 months, the deposit time coefficient is 1.5;

60 months < deposit time, the deposit time coefficient is 2.