Personal housing provident fund loan: it refers to the housing provident fund used by the housing provident fund management center, and it is a preferential loan entrusted by commercial banks to depositors of housing provident fund who purchase, build, renovate, overhaul their own houses and raise funds for cooperative housing construction.

Personal housing provident fund portfolio loan: refers to that when the loan amount of housing provident fund is insufficient to pay the house purchase price, the borrower applies for housing provident fund loan and at the same time applies for commercial personal housing loan from the entrusted bank, and the two loans together form a portfolio loan. Housing provident fund loans in portfolio loans are approved by the management center, and commercial loans are approved by the entrusted banks.

The real estate developer signs the Commercial Housing Mortgage Loan Cooperation Agreement with the management center and the entrusted bank, and the real estate developer provides the borrower with a phased guarantee, and pays a deposit according to a certain percentage of the total loan. After the property certificate is completed and the mortgage registration is completed, the guarantee responsibility will be terminated and the purchased house will be mortgaged. The borrower applies for a loan to the management center, and after approval, the entrusted bank signs a loan contract with the borrower and goes through the formalities of using the money.

individual housing provident fund replacement portfolio loan: firstly, the bank issues commercial housing loans to borrowers (employees who have paid housing provident fund) with bank funds, and then the entrusted bank applies for provident fund loans to the management center on behalf of the borrowers. The borrower's provident fund loan amount is controlled within its basic provident fund loan amount and does not exceed 7% of the commercial housing loan amount, and its basic provident fund loan period is shorter than the commercial housing loan period by more than one year. The amount of provident fund loans is regulated by levels, with a maximum loan of 8, for Grade A, 92, for Grade AA and 1.4 million for Grade AAA. The maximum loan period of provident fund is 3 years, subject to the older husband and wife, and the age plus loan period cannot exceed 7, which is also related to the building age. The building age plus loan period of brick-concrete structure cannot exceed 47, and the building age plus loan period of steel-concrete structure cannot exceed 57.

The specific loan amount is: First, it shall not exceed the individual repayment ability, that is, the sum of the borrower's monthly deposit/borrower's reserve deposit ratio+borrower's spouse's reserve deposit ratio ×5%×12 (month )× loan period;

the second is to buy the first ordinary self-occupied house, which shall not exceed 7% of the purchased house price (if the Taoxing construction area is less than 9 square meters (inclusive), it shall not exceed 8% of the purchased house price).

Third, the borrower (including spouse) should have the ability to repay the loan principal and interest, and the average monthly income should not be lower than the minimum living guarantee for urban and rural residents in this city.

duration of provident fund loan: the maximum duration of housing provident fund loan is 3 years. In principle, the sum of the borrower's age and the loan application period shall not exceed five years after his statutory retirement age, that is, male employees can borrow until they are 65 years old and female employees can borrow until they are 6 years old. The calculation of provident fund loan amount should be determined according to four conditions: repayment ability, percentage of house price, balance of housing provident fund account and maximum loan amount, and the minimum value calculated by the four conditions is the maximum loanable amount of the borrower. The calculation method is as follows:

According to the repayment ability calculation formula

{ (total monthly salary of the borrower+monthly contribution of housing accumulation fund of the borrower's unit) × repayment ability coefficient-total monthly repayment amount of the borrower's existing loan }× loan period (month).

if the spouse's quota is used: {(total monthly salary of both husband and wife+monthly contribution of housing accumulation fund of the unit where both husband and wife work) × repayment ability coefficient-total monthly repayment amount of existing loans of both husband and wife }× loan period (month). Among them, the repayment ability coefficient is 4%

total monthly salary = monthly contribution of provident fund ÷ (unit contribution ratio+individual contribution ratio).

calculation formula according to house price

loan amount = house price × loan percentage

The loan percentage is determined according to different types of houses purchased, built and repaired and the number of mortgage sets: purchasing commodity houses, price-limited commodity houses, directionally resettling affordable houses, directionally selling affordable houses or privately-owned houses. Workers' families (including employees, spouses and minor children, the same below) purchase the first set of housing (including commercial housing, price-limited commercial housing, targeted placement of affordable housing, targeted sales of affordable housing or private property housing) with a construction area of less than 9 square meters (including 9 square meters), they shall pay a down payment of not less than 2% of the purchased housing price, and the loan amount shall not be higher than 8% of the purchased housing price; If the construction area of the purchased house exceeds 9 square meters, a down payment of not less than 3% of the purchased house price shall be paid, and the loan amount shall not be higher than 7% of the purchased house price.

if an employee purchases a second house with a family loan, he shall pay a down payment of not less than 5% of the purchased house price, and the loan amount shall not be higher than 5% of the purchased house price.

if the employee's family loans are used to purchase the third or above houses, the individual housing provident fund loans will be suspended.

in case of purchase of privately-owned housing, if the housing price is inconsistent with the appraised price, the lower value of the two shall be taken as the approved quota.

for the purchase of directional resettlement affordable housing, the loan amount should not be higher than the difference between the total price of the purchased housing and the housing compensation.

the specific loan amount should also consider the maximum loan amount, maximum loanable loan amount, minimum down payment and credit rating of a single loan.

according to the account balance

if an employee applies for a housing provident fund loan, the loan amount shall not be higher than 1 times the balance of the housing provident fund account when the employee applies for a loan (at the same time, using the spouse housing provident fund to apply for a provident fund loan is the sum of the balance of the employee's and spouse's housing provident fund account); if the balance of the housing provident fund account is less than 2,, it shall be calculated as 2,.

According to the maximum limit

If I use my housing provident fund to apply for a housing provident fund loan, the maximum loan amount is 4, yuan; At the same time, if the spouse's housing provident fund is used to apply for a housing provident fund loan, the maximum loan amount is 6, yuan.

if I use my housing provident fund to apply for a housing provident fund loan, and I normally deposit supplementary housing provident fund when applying for a loan, the maximum loan amount is 5, yuan; At the same time, if the spouse's housing provident fund is used to apply for housing provident fund loans, and I or my spouse normally deposit supplementary housing provident fund when applying for loans, the maximum loan amount is 7, yuan.

if employees or their spouses normally pay monthly housing subsidies when applying for loans, it shall be implemented with reference to the provisions on normal payment of supplementary housing provident fund.

the calculated value of the loan limit is reserved to thousands, and the thousands below thousands that are not zero are added with one. Loan target

Housing mortgage loans issued by housing provident fund management institutions are targeted at employees who have paid housing provident fund and retired employees of remittance units (not every provident fund management center issues provident fund loans to retired employees), and the loan targets must meet the following conditions:

● Housing provident fund has been continuously paid for 12 months or has been paid for more than 24 months and is still being paid.

● Have a stable occupation and income, and have the ability to repay the loan principal and interest.

● Have a contract or relevant supporting documents for purchasing a house.

● Provide the guarantee method agreed by the housing fund management center and its sub-centers and management departments.

● Meet other conditions stipulated by the housing fund management center.

The above conditions are different in each local housing provident fund management center, and local policies shall prevail! !

The objects of housing mortgage loans issued by general financial institutions should be natural persons with full civil capacity, that is, they are not limited to depositors of housing provident fund and retired employees, that is to say, the scope of their objects is larger than the former. The interest rate of provident fund loans is set by the People's Bank of China, which is different from the benchmark interest rate of commercial bank loans.

following the central bank's announcement of interest rate reduction, on the morning of August 26th, 215, Beijing Housing Provident Fund Management Center issued a notice of interest rate reduction: from the 26th, the deposit and loan interest rate of Beijing Housing Provident Fund will be lowered. The interest rate of provident fund loans with a term of five years or less is lowered from 3% to 2.75%; The interest rate of loans with a term of more than five years was lowered from 3.5% to 3.25%. This is the fourth interest rate cut of the provident fund this year.

according to the notice, for individual housing provident fund loans with a term of less than one year (including one year) issued before August 26th (excluding), the original interest rate will still be implemented after August 26th, and interest will not be calculated in installments; For individual housing provident fund loans with a term of more than one year, the original interest rate will still be implemented after August 26, and the adjusted provident fund loan interest rate will be implemented from January 1 next year.

for individual housing provident fund loans issued after August 26th (inclusive), the adjusted interest rate will be directly implemented. For individual housing provident fund loans with different repayment methods, the new monthly repayment amount will be determined according to the corresponding repayment formula.

for individual housing provident fund loans that have signed loan contracts and the loan date is after August 26th (inclusive), individual housing provident fund loans can only be issued after the borrower signs a notice to adjust the loan interest rate.

according to the calculation, after the interest rate of the provident fund loan is lowered this time, the monthly mortgage payment of one million 2-year loans can be reduced by 128 yuan, and the total interest can be reduced by 3,633 yuan during the 2-year loan period. Since the beginning of this year, more than 1 cities across the country have issued policies to loosen the provident fund, and more than 3 cities, including Beijing and Shanghai, have also increased the amount of provident fund loans. In addition, from the perspective of the Beijing market, the continuous interest rate cuts, especially the changes in policies such as provident fund, are expected to continue to have a significant increase in the property market. Application conditions

1. Individual urban workers and their units must pay the housing accumulation fund continuously for one year.

2. When the borrower purchases a commercial house, it must have self-raised funds of not less than 3% of the total house price as the down payment of the house.

3. The borrower has stable economic income, good credit and the ability to repay the loan principal and interest.

4. If both husband and wife have paid the housing provident fund in full and normally, only one party is allowed to apply for a housing provident fund loan.

5. A family can only apply for a housing provident fund loan to buy a house at the same time.

6. The lender must have a permanent residence or valid residence status in the town of this province (city).

7. Agree to use the purchased house as collateral.

required materials

1. Valid identification certificate and household registration book of the borrower and spouse (if any) (the second-generation ID card needs to copy the back page, and the household registration book should copy the title page, household home page, borrower and spouse page).

2. marriage certificate: if unmarried, the marriage registration office at the place where the household registration is located will issue a single certificate; Divorce certificate and non-remarriage certificate (divorce certificate, court judgment or ruling, non-remarriage certificate issued by the marriage registration office where the household registration is located); Married people provide marriage certificates.

3. the original purchase contract signed by the borrower and the selling unit.

4. The borrower and his/her spouse (married) * * * fill in the loan application form, the certificate of housing accumulation fund deposit issued by the unit, the salary income certificate and the borrower's bank card in the last year.

5. The down payment receipt delivered by the borrower to the selling unit in advance shall not be lower than that stipulated in the agreement.

processing steps

1. The borrower can submit a written loan application and relevant materials to the loan bank, which will submit it to the housing provident fund management department for approval, or directly apply to the housing provident fund management department for approval;

2. The borrower approved by the housing provident fund management department signs a loan contract and a guarantee contract with the loan bank, and goes through mortgage registration, insurance, notarization and other related procedures;

3. According to the loan contract, the loan bank will transfer the loan to the special account for house sales set up by the developer in the loan bank or directly transfer it to the deposit account opened by the borrower in the loan bank;

4. The borrower opens a repayment account in the loan bank and repays the loan principal and interest as scheduled according to the repayment method and repayment plan agreed in the loan contract;

5. after the loan is settled, the borrower obtains the "loan settlement certificate" from the loan bank, retrieves the mortgage registration certificate and the original insurance policy, and goes to the original mortgage registration department for mortgage registration cancellation.