Compared with commercial loans, provident fund loans have the advantages of low interest and flexible repayment methods. More and more buyers tend to buy houses with provident fund loans, but many small partners still don't know much about provident fund loans. Today, I will give you a brief introduction.

1. What are the benefits of provident fund loans? How about provident fund loans?

If you buy a house with a provident fund loan, the repayment method of the bank will be more convenient and 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.

2. Where can I apply for a provident fund loan?

As far as the whole country is concerned, the four major state-owned commercial banks of industry, agriculture, China and construction all provide provident fund loans. Mainly depends on which bank the local provident fund management center has signed an agreement with. But in fact, if you apply for a provident fund loan at the local provident fund management center, he will issue it.

3. What materials do you need for provident fund loans?

(1) Purchase Contract (original)

(2) Purchase down payment voucher (original) not less than 20% of the total purchase price.

(3) The borrower's resident ID card or military officer's card and other valid identification documents (original)

(4) The borrower's valid household registration certificate such as household registration book or temporary residence permit (original).

4. What is the maximum amount of provident fund loans?

If one person applies for a housing provident fund loan, the maximum loan amount is 500,000 yuan, and if two or more people purchase the same house and apply for a housing provident fund loan, the maximum loan amount is 800,000 yuan. However, the amount of provident fund loans is related to the borrower's monthly payment and personal credit. Therefore, it is impossible to determine the lender's provident fund loan amount. Need to be reminded that the premise of provident fund loans is continuous payment for half a year.

5. What is the duration of the provident fund loan? How to calculate the term of provident fund loan?

The personal loan period of housing provident fund is 1-30 years, and the longest loan period is calculated until the borrower is 70 years old, and the longest loan period is not more than 30 years. The personal loan period of housing provident fund for purchasing second-hand houses should be less than the remaining service life of housing land for more than 3 years.

6. How long will it take to complete the provident fund loan?

Compared with ordinary commercial loans, provident fund loans are relatively cumbersome in procedures. First, the applicant must meet the conditions for applying for a loan, and the employer provides relevant information, and the lender makes relevant inquiries and applications at the housing provident fund management center. The procedure is complicated, and the specific time of this process mainly depends on the lender's own grasp.

7. How to prepay provident fund loans?

If the provident fund loan is to be repaid in advance, it must be repaid normally for one year. According to the different requirements of each lending bank, the lender can make an appointment application by telephone or in writing according to the contact number or address on the repayment form mailed by the bank.

When handling, bring the original loan contract, the main lender's ID card, the first repayment receipt, bank card or cash to the loan bank to handle the prepayment procedures.

Eight, the difference between provident fund loans and commercial loans.

Difference 1: Expected annualized interest rate of the loan

The benchmark expected annualized interest rate of commercial loans is provident fund loans for more than 5 years. The expected annualized interest rate is the difference 2: loan ratio.

For the same house, if the first commercial loan can be 70%, then the first pure provident fund loan can be up to 80%.

Difference 3: loan process

Commercial loans should be reviewed before transfer, and provident fund loans should be reviewed after transfer.