Shenzhen Housing Provident Fund Management Center stipulates that the minimum down payment ratio for purchasing the first ordinary house with provident fund loans is 20%, which means that applicants need to pay at least 20% of the total house price as down payment. If the loan amount of the applicant exceeds 70% of the loan amount of the housing provident fund, the corresponding part shall be paid as the down payment. In addition, if the applicant has a certain social security period or meets other conditions, he can also enjoy certain preferential policies, such as reducing the down payment ratio. It should be noted that the above is only the regulations of Shenzhen Housing Provident Fund Management Center, and the down payment ratio followed by different banks in implementing provident fund loans may be different. Therefore, when applying for provident fund loans, in addition to understanding the provisions of the provident fund management center, it is also necessary to understand the specific loan policies of specific banks.
What are the repayment methods of Shenzhen provident fund loans? According to the regulations of Shenzhen Housing Provident Fund Management Center, the repayment methods of provident fund loans include equal repayment of principal and interest and repayment of principal after interest. The former has the same monthly repayment amount and consists of principal and interest, while the latter needs to pay the corresponding interest first during the repayment period, and then pay off the principal and outstanding interest in one lump sum when the loan expires.
Provident fund loan is an important financing method for buyers, but it is necessary to understand and abide by relevant laws and policies during the application process. The minimum down payment ratio of the first home provident fund loan in Shenzhen is 20%, but you need to contact a specific bank or housing provident fund management center. At the same time, we should also pay attention to the repayment methods of provident fund loans and other related information to avoid unnecessary losses caused by unclear relevant policies.
Legal basis:
"People's Republic of China (PRC) housing provident fund regulations" twentieth purchase shall not exceed 30%; The minimum down payment ratio for purchasing the first set of ordinary houses with housing provident fund loans shall be stipulated by the housing security departments of the people's governments of provinces, autonomous regions and municipalities directly under the Central Government, and shall not be less than 20%.