1. Why do you need a third-party guarantor to buy a house with a housing provident fund loan?

Provident fund loan conditions:

1. Anyone who pays and deposits a house normally at the housing provident fund management center Employees who use housing provident funds and purchase and build self-occupied housing within the administrative area of ????this city can apply for housing provident fund personal housing loans (the borrower is the housing buyer and is an employee who is paying into the housing provident fund).

2. The borrower and his or her spouse have valid identity certificates;

3. The specified proportion of down payment has been paid, and the down payment loan amount = the total price of the property, and the house payment has not been paid Clear;

4. The borrower has paid the housing provident fund continuously, on time and in full for more than 6 months after opening the payment account, and has not paid more than 4 months recently;

5. The family income is stable, the credit is good, and the ability to repay the principal and interest of the loan;

6. Agree to provide a loan guarantee method approved by the Housing Provident Fund Management Center;

7. The borrower and The spouse has no unpaid housing provident fund loans or large debts.

2. Why do you need a guarantor for a provident fund loan from another place?

I don’t know whether you can repay the loan. A housing provident fund loan requires a guarantor. The conditions for a guarantor are as follows: having full capacity for civil conduct; having a local urban permanent residence or valid residence status, and a relatively stable income; having paid the housing provident fund normally for more than six months and having 1 The deposit amount is more than 20 years old; there is no provident fund loan balance and other bad debts; the housing provident fund is not allowed to be withdrawn or the housing provident fund loan is applied for during the period when the borrower has not repaid the principal and interest of the loan in full; the age of the housing provident fund guarantor plus the guaranteed loan period must not exceed the legal retirement age. Legal basis: Article 27 of the "Housing Provident Fund Management Regulations" Applicants applying for housing provident fund loans must provide guarantees. The guarantee can be an entity guarantee or a third natural person guarantee. If a unit is used as a guarantee, the guarantee entity must have sufficient ability to repay the principal and interest of the entire loan and provide joint liability guarantee. If a third natural person is used as a guarantee, the guarantor must have a fixed occupation, a stable income, and be able to continuously and normally contribute to the housing provident fund. The guarantor needs to provide proof of personal salary and bring his ID card to the Provident Fund Center for an interview.

3. Why do you need a guarantor to buy a house with provident fund?

When individuals use provident fund loans to purchase houses, they need to provide a loan guarantor when handling provident fund loan procedures. Generally, the amount of provident fund loans that individuals need to use exceeds the limit of personal provident fund loans under normal circumstances. Because according to the relevant provisions of the housing provident fund loan method, individuals use provident fund loans to purchase houses. Within the total provident fund loan range in the area, the loan amount depends on the specific circumstances of the individual’s purchase of the house, the amount of the individual’s provident fund account, whether they are married, family income, and the individual’s monthly payment. Provident fund base and other factors are related, and adding a guarantor can increase the personal loan limit.

4. Is a guarantor required to buy a house with a provident fund loan? I am single!

No guarantor is required.

Guarantor: Generally, when the borrower's loan amount is relatively large or the collateral is insufficient, a guarantor will be recruited; when it comes to private loans or small business loans, there are more people; some government-subsidized loans require guarantees People, such as business loans for college students.

The housing provident fund paid by employees and the housing provident fund paid by the employee's unit for employees are used by employees to store house consumption expenditures in accordance with regulations. Individual house purchases do not require a guarantor. However, providing provident fund loans to buy a house require that the individual's employer pays provident fund for at least 12 months and has not yet paid off the provident fund, meets the loan age requirements, and the lender's credit report is good. Different banks in different places have different requirements for provident fund loans. The specific situation must be analyzed in detail.