1, interest rate advantage housing provident fund loan as a policy loan, its most obvious feature is low interest rate. Judging from the current loans of more than five years, the annual interest rate of commercial loans is 6.55%, while the annual interest rate of housing provident fund loans is only 4.5%, a difference of 2.05 percentage points.

2. The repayment method is flexible. The repayment method of provident fund loans is extremely flexible. As long as the monthly repayment amount is not lower than the minimum repayment amount, the borrower can determine the monthly repayment amount at will, which is very convenient for the borrower to arrange funds. The prepayment of commercial loans, if not a one-time prepayment, must be a multiple of 65,438+0,000 or 50,000, but there is no specific provision for provident fund loans. As long as it is greater than the minimum repayment amount, it is regarded as the prepayment amount. Commercial loans have clear provisions on the number of prepayment, while provident fund loans have three prepayment opportunities every month, and lenders can even adjust the prepayment amount at any time every month.

3. The loan ratio is high and the term is long. General commercial loans can only be up to 70%, and buyers are under great pressure to pay down. Provident fund loans can reach up to 80%, and buyers have little down payment pressure. The longer the term of the provident fund loan, the less the corresponding monthly repayment amount. The longest loan period of commercial loans can only be 25 years, and most second-hand houses can only be loaned for 20 years, which invisibly causes greater pressure on monthly supply; The longest term of provident fund loans can reach 30 years, and the monthly supply pressure is small.

4. The age limit is small. Provident fund loans have more flexible restrictions on housing age, while commercial loans have stricter restrictions on housing age. Most banks will not give loans to houses before 1985, and the loan period will be shortened with the increase of the age of the house. Provident fund loans have less restrictions on the age of the house, and the sum of the age of the house and the loan period cannot exceed 50 years. The borrower's age plus the loan period of commercial loans must be less than 65 years old, while provident fund loans have no restrictions on the borrower's age. In addition, borrowers who meet the conditions of provident fund loans can still apply for provident fund loans without applying for provident fund loans in the future; If you have applied for a provident fund loan, you can apply for a provident fund loan again as long as you pay off the loan and meet the conditions for the deposit of the provident fund.

Can housing provident fund be loaned?

Housing provident fund can be loaned. Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center. The law stipulates: "Regulations on the Management of Housing Provident Fund": Article 24 Under any of the following circumstances, employees may withdraw the storage balance in the employee's housing provident fund account: (1) purchasing, building, renovating or overhauling self-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. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund. "Regulations on the Management of Housing Provident Fund" Article 26 Employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.

Under what circumstances can I use provident fund loans?

Buying a house with a loan is the way most families choose now. Loans are divided into commercial loans and provident fund loans, among which provident fund loans can enjoy lower interest rates, so they are deeply loved by consumers. But if you want to use the provident fund, there will be more stringent procedures. Under what circumstances can I use provident fund loans? Let's take a look at the relevant knowledge together.

1. Under what circumstances can I use provident fund loans?

1. The applicant must be an employee who has continuously paid the housing provident fund for more than 12 months (inclusive), has no housing provident fund loans and other guarantees at present, has full capacity for civil conduct and has no bad record of bank loans.

2. Applicants must purchase or build their own houses within the jurisdiction of this Municipality, and provide the original documents that meet the procedures for purchasing houses and building houses (if it is a mortgage loan, the contract shall be numbered).

3. The first house purchased by the applicant and his/her family members (such as the applicant, his/her spouse and minor children), or the improved ordinary self-occupied house (building area ≤ 144_) with only one suite at the domicile and the per capita housing construction area lower than the per capita housing construction area announced by the statistics department last year.

4. The employee loan amount is mainly determined by the repayment ability of the applicant, the value of the collateral and other factors. The maximum loan amount of each employee provident fund is 55W, and the longest loan period is no more than 30 years. If the maximum loan amount of the housing provident fund is 55W, which can't meet the financing needs of the first-time house purchase of employees, they can apply for loans from commercial banks to form a housing provident fund portfolio loan.

Second, what personal credit affects the application for provident fund loans?

The provident fund center will verify and identify the applicant's personal credit status, and will not lend to letters of credit that meet the following credit conditions:

1. loans overdue fails to repay the loan in time, or the credit card or quasi-credit card is overdue.

2. Have other loan records for three consecutive years within 24 months before applying for provident fund loans.

3. The applicant defrauds the loan by means of fraud or housing accumulation fund.

These people are included in the list of people who have lost their faith.

Conclusion: If the application for provident fund loan does not meet the requirements, the application will be rejected by the provident fund center, so it is best to know the relevant knowledge before applying.

What is a housing provident fund loan?

Housing provident fund loans refer to housing mortgage loans issued by local housing provident fund management centers to on-the-job employees who paid housing provident fund and retired employees who paid housing provident fund during their employment.

Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions and their employees.

The housing provident fund paid by employees and the housing provident fund paid for employees by the unit where employees work are personal savings stored by employees in accordance with the regulations for housing consumption expenditures, which belong to individual employees. When an employee retires, the balance of principal and interest is paid in one lump sum and returned to the employee himself.

Extended data

Buying a house with a provident fund mortgage loan, the bank's repayment method will be more flexible than buying a house with a commercial loan. The borrower can determine the monthly repayment amount by himself, provided that the monthly repayment amount is not lower than the minimum repayment amount stipulated by the bank. In this way, the borrower can make a reasonable and feasible repayment plan according to his own economic strength, which is convenient for the borrower to arrange his monthly economic expenditure.

For prepayment of provident fund mortgage loan, the borrower can repay part or all of the loan principal and interest in advance without paying any liquidated damages.