What are the loan conditions of Hainan commercial loan provident fund?
According to Article 5 of the Measures for the Administration of Transferring Personal Commercial Housing Mortgage Loan to Housing Provident Fund Loan in Hainan Province, when applying for public loan, the borrower shall meet the following conditions in addition to the application conditions for housing provident fund loan:
(1) The borrower must be the obligee specified in the original personal commercial housing mortgage loan;
(2) The bank agrees that the borrower will settle the original commercial loan in advance;
(3) The real estate purchased by the original commercial loan has completed the certificate of immovable property rights;
(4) The sum of the down payment and the repaid original commercial loan is greater than or equal to 40% of the total house price.
In addition, according to Article 65 of the Operating Rules for Housing Provident Fund Business of Hainan Housing Provident Fund Administration, the application conditions for housing provident fund loans in Hainan are as follows:
(1) Having full capacity for civil conduct and holding legal and valid identity documents;
(2) The individual housing provident fund account has been fully paid for more than 6 months at the time of application, and the payment status is normal;
(three) has not yet reached the national statutory retirement age;
(4) Good credit;
(5) Having the ability to repay the principal and interest of the loan;
(six) the family has no outstanding provident fund loans;
(seven) has paid or invested not less than the prescribed proportion of down payment or self-raised funds;
(eight) guarantee in accordance with the agreement between the housing provident fund management institution and the entrusted bank, and can implement the guarantee in time;
(nine) meet other conditions stipulated by the housing provident fund management institution.
The above is the introduction of the conditions for Hainan commercial loan to provident fund loan, and I hope it will help you.