However, Guangzhou Housing Provident Fund Management Center said after verification that the final plan has been approved and the system is being debugged, but the official launch is not so fast, and it is expected to be implemented at the beginning of next week at the earliest. As for the news that the maximum loan amount will be raised, the provident fund center revealed that there will be news as soon as this Friday.
It is understood that according to the previous exposure draft, the specific operation mode of the provident fund discount loan is: commercial banks use bank funds to issue discount loans to borrowers who meet the conditions of provident fund loans and commercial housing loans, and borrowers pay interest to banks according to the commercial loan interest rate. The interest difference between the discount loan and the provident fund loan shall be paid to the borrower by the Guangzhou Housing Provident Fund Management Center on a monthly basis and distributed by the entrusted bank. Simply put, banks lend money according to commercial loans, and then the provident fund center makes up the difference on a monthly basis.
The discount amount of the discount loan is the interest difference calculated by the borrower's discount loan balance according to the commercial loan interest rate and the provident fund loan interest rate agreed in the contract. It should be noted that the bank's interest rate on discount loans should be implemented according to the interest rate agreed in the contract between the borrower and the bank, generally referring to the commercial loan interest rate of the same grade in the same period, but some provident fund centers that exceed the national loan benchmark interest rate will not be subsidized. If the borrower provides false materials and loans overdue occurs for three consecutive months or six cumulative months, the discount will also be terminated.
In addition, the news that the maximum loanable amount will be raised last weekend has also been confirmed. The person in charge of the above-mentioned provident fund center said that the increase in the quota is "a foregone conclusion", but he did not disclose the specific amount, only that "there will be exact news as soon as this Friday". According to the provident fund loan currently implemented in Guangzhou, the maximum loan for a single person is 500,000, and the maximum loan for two or more people is 800,000, which is really difficult to meet the needs of property buyers.
On August 13 this year, Guangzhou Housing Provident Fund Management Center announced the Implementation Measures for Discounted Loans of Guangzhou Housing Provident Fund (Draft for Comment). After 13 days of consultation, the feedback was classified and reported to the management Committee and government departments for approval.
"The difference between the final plan and the exposure draft is not too big. The system has been debugged recently and is expected to go online as early as next week. " The relevant person in charge of the provident fund center said.
According to the previous exposure draft, the specific operation mode of provident fund discount loan is: commercial banks use bank funds to issue discount loans to borrowers who meet the conditions of provident fund loans and commercial housing loans, and borrowers pay interest to banks according to the commercial loan interest rate. The interest difference between the discount loan and the provident fund loan shall be paid to the borrower by the Guangzhou Housing Provident Fund Management Center on a monthly basis and entrusted by the entrusted bank. That is, banks lend money according to commercial loans, and then the provident fund center makes up the difference monthly.
It should be noted that the bank's interest rate on discount loans should be implemented according to the interest rate agreed in the contract between the borrower and the bank, generally referring to the commercial loan interest rate of the same grade in the same period, but some provident fund centers that exceed the national loan benchmark interest rate will not be subsidized. If the borrower provides false materials and loans overdue occurs for three consecutive months or six cumulative months, the discount will also be terminated.
(The above answers were published on 20 15- 10-20. Please refer to the current actual purchase policy. )
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