Conditions for a provident fund loan of 1 million yuan in Guangzhou

Legal subjectivity:

To apply for a provident fund loan in Guangzhou, the applicant needs to prepare loan materials and then submit them to the undertaking outlet Submit it for processing, and the staff will accept it and sign a loan contract if the conditions are met, then stamp the bank's seal and apply to the housing provident fund. Regarding the provident fund loan application process in Guangzhou, the editor of the website will answer it in detail for you below. 1. How to apply for a provident fund loan in Guangzhou 1. The applicant submits loan information; 2. Admission at the hosting outlet (3 working days); 3. Approval at the hosting outlet (3 working days); 4. Center qualification approval (3 working days) ); 5. Sign the loan contract (2 working days after the qualification is approved); 6. The loan contract is stamped by the lending bank (3 working days); 7. Handle transfer and mortgage; 8. Receive the real estate title certificate and real estate registration certificate , the applicant submits the loan information; 9. The undertaking outlet reports the loan information, enters it into the system and approves it (3 working days); 10. The central loan approval (3 working days); 11. Loan (1 working day). 2. Guangzhou provident fund loan conditions 1. Have household registration in the People's Republic of China and a valid resident ID card; 2. When applying for a loan, employees registered in this city must have paid and deposited the housing provident fund in full for more than 1 year (inclusive). Employees registered in the city have paid housing provident fund in full for more than 2 years (inclusive); employees with Guangzhou talent green cards who are not registered in the city and apply for provident fund loans will enjoy the treatment of employees registered in the city; 3. Have the property confirmed by the real estate registration department of the location where the house is located Have a house purchase contract or agreement, and be able to handle mortgage or guarantee procedures; 4. Have paid the first installment of the house purchase as required; 5. Have full capacity for civil conduct, good credit, a stable career and income, and the ability to repay the principal and interest of the loan. Ability; 6. The housing provident fund deposited shall be used first to repay personal housing provident fund loans. 3. Guangzhou Provident Fund Loan Laws and Regulations on Housing Provident Fund Management (revised by the "Decision of the State Council on Amending Some Administrative Regulations" on March 24, 2019) Article 11 The Housing Provident Fund Management Center performs the following responsibilities: (1) Preparation, Implement the collection and use plan of the housing provident fund; (2) Responsible for recording the deposit, withdrawal, and use of the employee housing provident fund; (3) Responsible for the accounting of the housing provident fund; (4) Approval of the withdrawal and use of the housing provident fund; (5) ) Responsible for the preservation and return of the housing provident fund; (6) Prepare reports on the implementation of the housing provident fund collection and use plan; (7) Undertake other matters decided by the housing provident fund management committee. Article 26 Employees who have paid housing provident funds may apply for housing provident fund loans from the Housing Provident Fund Management Center when purchasing, constructing, renovating, or overhauling their own homes. The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant; if the loan is granted, the entrusted bank shall handle the loan procedures. The risks of housing provident fund loans are borne by the housing provident fund management center. The above is the relevant content compiled by the editor. When applying for a provident fund loan, the parties generally submit preparatory materials, including personal identification documents, credit certificates and other relevant materials. During the application process, you need to have local household registration. Or social security payment records. If you have any other needs, please go online for one-to-one legal consultation.

Legal objectivity:

1. Whether provident fund loans under Guangzhou Provident Fund’s new policy require approval 1. According to the "Guangzhou Housing Provident Fund Online Service Hall (Personal Edition) Operation Guide" (hereinafter referred to as the guide) It can be seen from the regulations that the housing provident fund's loan approval power is changed to the center's general business approval, and it does not change whether it is an administrative licensing matter. The processing and approval procedures for housing provident fund loans remain unchanged. It can be seen from this that the provident fund loans under Guangzhou’s new provident fund policy require approval. 2. For employees applying for housing provident funds, the loan application and approval procedures have not changed. Currently, the approval and issuance of housing provident fund loans in Guangzhou are proceeding in accordance with normal procedures. 2. How to apply for a provident fund loan in Guangzhou. The latest version of Guangzhou Provident Fund Personal Housing Mortgage Business Guide shows that provident fund loans are divided into seven steps: the borrower applies for a loan to the undertaking bank. The bank collects the information and preliminarily reviews the provident fund center for approval and generates a contract, and processes the mortgage scan and mortgage. Data Bank Scale Approval Provident Fund Center Scale Approval and Financial Review Bank lending and return lending data.

It is worth mentioning that the loan application materials are complete and the review time limit does not exceed 15 working days, but this does not include the time for processing procedures at banks, trading departments, and developers. According to the provident fund loan guidelines, citizens still need to submit 7 pieces of information when applying for provident fund loans. These include: personal housing provident fund loan application form, valid documents such as resident ID card and household registration book, marriage status certificate, house purchase contract, first-phase house purchase invoice or receipt, deposit receipt, income certificate, mortgage account (mortgage account provided by the borrower) The account number must be a local bank account number opened with an 18-digit ID card), "Proof of Real Estate under Personal Name" and personal credit report, as well as other documents and information required by the bank.

Guangzhou Housing Provident Fund Loan Interest Rate

The editor of Hualv.com learned from the official website of Guangzhou Provident Fund Management Center that the interest rate for provident fund loans with a term of less than 5 years is 2.75%, and the interest rate of a provident fund loan with a term of 5 years or more is 2.75%. The loan interest rate is 3.25%, that is:

1. The interest rate of personal housing provident fund deposits collected in the current year: maintained at 0.35%.

3. Loan interest rate for five years or less (including five years): 2.75%.

4. Loan interest rate for five years or more: 3.25%.

What are the housing loan policies in Guangzhou?

House prices in Guangzhou are also very high, so many people who want to buy a house in Guangzhou will want to apply for a housing loan. Nowadays, Guangzhou also implements housing policies that restrict loans and sales. So what are the housing loan policies in Guangzhou? Next, the editor will briefly introduce them to you.

1. Guangzhou strictly implements differentiated housing credit policies. When applying for a commercial loan to purchase a first home in Guangzhou, you need to pay at least 30% of the down payment. The interest rate of the mortgage is in accordance with the relevant regulations of each bank, such as It is said that ICBC and Citibank enjoy a 15% discount on the first home mortgage interest rate; Bank of China enjoys a 10% discount on the first home mortgage interest rate; China Construction Bank enjoys a 95% discount on the first home mortgage interest rate. If we apply for a provident fund loan to buy our first home, the minimum down payment ratio is 20%, and the mortgage interest rate is the base interest rate.

2. If there is already a residence in our family’s name and there is no loan record or the loan has been settled, then the minimum down payment ratio is 50%; if there is no residence in our family’s name and the loan has been settled If it is paid off, then the minimum down payment ratio is 40%; if our family has a house in our name and the loan has not been paid off, then the minimum down payment ratio is 70%.

3. If we buy a non-ordinary residence, whether it is a first residence or a second residence, the minimum down payment ratio is 70%. According to the relevant regulations of the housing provident fund, the maximum amount of housing provident fund loans applied by individuals is 600,000 yuan; the maximum amount of housing provident fund loans applied by families with more than two people is 1 million yuan. Guangzhou has suspended the issuance of loans for third homes. Second-hand home loan interest rates generally increase by about 10%. The specific mortgage interest rate is subject to bank regulations.

The editor summarizes: Regarding Guangzhou’s housing loan policies, the editor will briefly introduce it here. When you apply for a housing loan, it is best to consult several banks about the relevant regulations on housing loans, and choose the bank with the most favorable down payment ratio and mortgage interest rate to apply for a housing loan.

This ends the introduction to Guangzhou loans and Guangzhou loan interest rates. Have you found the information you need?