The borrower must meet the following conditions:
1. The borrower and the employer have paid the housing provident fund in full and on time in this city for more than one year (calculated from back to front); 2. The borrower is an urban resident with stable professional income, good credit and the ability to repay the principal and interest of the loan; 3. There is a legal contract or agreement for the purchase of owner-occupied housing, and there are necessary self-raised funds; 4. Having property that meets the requirements of the Guarantee Law as collateral for the loan; 5. Agree to handle the purchase guarantee or mortgage property insurance; 6. Agree to other conditions stipulated by the Center.
Note: If the borrower's unit has been in arrears with the housing provident fund for more than 3 months (including 3 months) continuously, or needs to repay the arrears, the loan will not be granted.
Purchase the following types of housing loans:
1. commercial housing (the developer must sign a cooperation agreement with the center for personal housing policy loans); 2. Existing housing (property rights purchased through housing reform); 3 houses without property rights (houses built in the name of relocation investment, troops or collective land); 4. Second-hand houses (stock houses are listed and traded); 5 auction house (the auction company must sign a cooperation agreement with the center for personal housing policy loans).
Note: Loans are not allowed for luxury houses (villas), public houses and commercial houses.
Loan amount, term and interest rate
Loan amount = (borrower's total monthly housing provident fund deposit/housing provident fund deposit ratio ×35%+ borrower's total monthly housing provident fund deposit) × 12× loan period. The maximum loan amount is determined according to the housing provident fund paid by both parties or one party of the borrower, combined with the available amount of housing provident fund and other housing reform funds, and shall be implemented after being approved by the Municipal Housing Provident Fund Management Committee. The proportion of self-raised funds and loan amount in the total purchase price is determined according to different types of houses. The loan amount cannot exceed the maximum loan amount and the specified loan percentage. If the borrower needs a loan in addition to the maximum loan amount, he can apply for some commercial loans.
The longest loan period is determined according to the relevant provisions of the People's Bank of China. The loan term plus the borrower's age shall not exceed the statutory retirement age of the borrower.
The loan interest rate shall be implemented in accordance with the personal housing policy loan interest rate promulgated by the People's Bank of China. If the borrower repays the loan principal and interest in advance, the interest rate shall be subject to the contract interest rate. If the borrower repays the principal and interest of the loan beyond the time limit stipulated in the loan contract, the overdue part shall be charged with penalty interest at the interest rate stipulated by the People's Bank of China. If the loan term is one year, the contract interest rate shall be implemented. If the statutory interest rate is adjusted, the interest will not be calculated by sections; If the loan term is more than one year, if the legal interest rate is adjusted, the new interest rate will be implemented at the beginning of next year according to the corresponding interest rate grade. (Zhang Qingguo)