Can I still use provident fund loans if I have two loan records?

Effective from August 1, 2012, provident fund loans will implement the policy of approving a house and then approving a loan. Because there are already two loan records, you can no longer apply for a provident fund loan to buy a house.

Conditions for provident fund loans

1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans.

2. Those who participate in the housing provident fund system must also meet the following conditions when applying for a housing provident fund personal home purchase loan: that is, they must have continuously paid and deposited housing provident fund for no less than six months before applying for a loan. This is because if employees’ behavior of paying housing provident funds is abnormal and intermittent, it means that their income is unstable and risks will easily arise after the loans are issued.

3. If one spouse applies for a housing provident fund loan, neither spouse will be able to obtain a housing provident fund loan again before the spouse repays the principal and interest of the loan. Because housing provident fund loans are financial support provided to meet the basic housing needs of employee families, and are a type of "housing security" financial support.

4. When a loan applicant applies for a housing provident fund loan, in addition to having a relatively stable economic income and the ability to repay the loan, the loan applicant must not have a large amount that has not yet been paid off, which may affect the repayment of the housing provident fund loan. capacity for other debts. When employees are burdened with other debts, granting housing provident fund loans is very risky and violates the principle of safe operation of housing provident funds.

5. The maximum term of provident fund loans shall not exceed 30 years. When applying for a portfolio loan, the loan terms of the provident fund loan and the commercial housing loan must be consistent. Can I take out two loans to buy a house?

It is possible to take out two loans to buy a house. The details are as follows:

1. Commercial house purchase loan:

Commercial house purchase There is no limit on the number of loans. As long as the borrower has a certain repayment ability and can provide corresponding guarantees or pledges, the loan can be issued smoothly.

2. Provident Fund House Purchase Loan:

A Provident Fund House Purchase Loan can only be used twice, and once used up, the Provident Fund House Purchase Loan cannot be used again. And when applying for a second provident fund loan, the first provident fund loan must have been repaid in full, otherwise you will not be able to apply for a second provident fund loan.

For more information about whether it is possible to borrow money twice to buy a house, enter: View more content What are the reasons why provident funds cannot be used to buy a house

1. Positive answer

The reasons why you cannot use provident fund loans to buy a house are as follows.

2. Specific analysis

1. The provident fund account status is abnormal.

When applying for a provident fund loan, the provident fund center will pay attention to the account status. The provident fund account cannot be in an abnormal state, otherwise the provident fund loan application will not be approved.

If the provident fund payment is temporarily interrupted due to resignation or other reasons, this will cause greater trouble in applying for a loan, and this business may not be available in the short term.

2. The continuous payment period is insufficient.

This requirement may vary from region to region. Some regions will require continuous payment for more than 12 months. This needs to be subject to the notice of the local provident fund center.

If you cannot apply for a provident fund loan due to this reason, you can allow the provident fund to continue to be deposited for a period of time before handling business.

3. The account balance is insufficient.

When applying for a provident fund loan, if the amount you need to apply for is relatively large, you need to have a sufficient provident fund balance.

The provident fund loan limit is 10 to 20 times the provident fund account balance. If there is not much money in the provident fund account, applying for too many loans will also cause the loan application to be failed.

In this case, you can let the provident fund continue to be deposited for a period of time, and then handle the loan business when the provident fund account balance is larger.

4. There are outstanding provident fund loans.

The Provident Fund Center will require that you cannot have multiple outstanding provident fund loans under your name. Therefore, if you have other provident fund loans that have not been settled before applying for a provident fund loan, you will also be rejected by the Provident Fund Center.

5. The number of loans exceeds the limit.

Generally, the number of provident fund loans cannot exceed two. If this limit has been exceeded, you cannot apply for a provident fund loan again. This needs to be subject to the notice of the local provident fund center.

6. Income does not meet the requirements.

When applying for a loan, in order to ensure that you can repay on time in the future, the Provident Fund Center will naturally review your income and require a monthly income that is more than twice the monthly payment. If you do not meet the requirements, you will also Causing the loan application to fail.

7. The credit report is stained.

When applying for a Provident Fund loan, the Provident Fund Center will conduct a detailed inspection of your qualifications and attach great importance to your credit report. If you have had overdue records in the past and left bad loans on your credit report Records, in this case the Provident Fund Center will have concerns and will reject the loan application.

8. The debt ratio is too high.

Provident fund loans also have requirements for the debt ratio. When applying for a provident fund loan, if the debt ratio exceeds 50, it means there is serious debt pressure. In this case, the provident fund center wants to control Risk, the loan application will not be approved.

9. The area of ??the house exceeds the limit.

When using provident funds to buy a second home, the provident fund centers in some areas will limit the area of ??the house purchased. If the area of ??the house purchased is too large, you will not be able to successfully apply for a provident fund loan. This is to do so in advance. Get something clear.

10. The developer’s qualifications are incomplete.

To apply for a provident fund loan, in addition to meeting the requirements, the developer also needs to have corresponding qualifications and the project has obtained relevant certificates. Otherwise, the loan application will be rejected by the provident fund center.

It can be seen that there are many reasons why you cannot successfully apply for a provident fund loan. You need to compare your actual situation to see where the problem lies, and solve the problem in time after you find the problem.

Online loan users can also check their credit qualifications by connecting to third-party big data risk control platforms, such as Xiaoqixincha, Zhima Credit, etc. The former has cooperated with more than 98 online loan institutions on the market Data cooperation has been established, so its query results are very accurate. Intuitively, you can not only understand your own big data and credit situation, but also obtain various indicator data. Online loan blacklist data is shared on most loan platforms, which means that if a borrower is overdue or fails to repay money on one platform, such bad records will also be disclosed on other loan platforms, so Everyone must carefully maintain their online loan credit, otherwise when we encounter another economic crisis, we will not be able to obtain online loan products with good personal credit.

3. Can I get a bank mortgage loan for a house under my name?

If you have a house under your name, you can get a bank mortgage loan, as long as it meets the following requirements: 1. Only adults who are over 18 years old and have full capacity for civil conduct are qualified to handle loan business.

2. If you have valid local residence status, you need to have a fixed residence in the local area. You can provide the household registration book or temporary residence permit of the local town as proof.

3. Personal credit must be maintained in good condition. Applicants’ personal credit reports must not have bad credit records or serious negative information.

4. The ability to repay on time requires a legitimate, legal and stable source of economic income, and the ability to provide sufficient economic income information to the bank (such as bank card statements, deposit certificates, etc.).

5. The mortgaged property has a certain value and is not included in the local urban reconstruction and demolition plan. It meets the conditions for listing and trading stipulated by the state and can enter the real estate market.

6. The ownership of the mortgaged property must be clear and must have the property certificate and land certificate issued by the real estate department and the land management department, and it is best not to have any mortgage (some banks support secondary mortgage loans, please call us for details) bank customer service).

7. The age of the house complies with the general requirements. The sum of the age of the house (calculated from the date of completion of the house) and the loan period shall not exceed forty years.

8. It is best for local real estate. Some banks support off-site real estate mortgage loans, but generally there are certain access conditions for off-site real estate; some banks have stopped due to the impact of policies and considering risk control. Off-site real estate mortgage loan business.

9. Open a bank account. Open a personal settlement account at the loan handling bank, and agree to the bank deducting the principal and interest of the loan from the designated personal settlement account.

10. Other conditions stipulated by the bank. For example, if the loan has a guarantor, it must provide a valid rights pledge guarantee recognized by the bank or a third-party guarantee with solvency, etc.

Those who meet the above requirements can go to the bank to apply for a house mortgage loan according to the following procedures: Step 1: Apply with your personal ID card, local household registration book or temporary residence permit, property ownership certificate of the mortgaged property, and proof of economic income Go to the selected bank outlet to apply for a loan, collect the application form at the counter, fill it out, and then submit the completed form together with the information to the staff.

The second step is loan review. The bank will review the submitted information, check the applicant's credit report to understand his credit status, and arrange for an appraisal agency to evaluate the specific value of the mortgaged property, and then calculate it accordingly. Loan amount and loan term.

The third step is to sign the contract and apply for mortgage. After receiving the notification of approval, go to the handling bank branch to sign the loan contract within the agreed time, and go to the local housing management department to handle the house mortgage registration procedures.

The fourth step is to release the loan funds. The bank will generally release the loan funds to the applicant's designated receiving bank card within one month (if the bank business is busy and the quota is tight, the loan may be delayed. , it is recommended to wait patiently).