Personal housing provident fund loans: loans granted by banks to natural persons who purchase, build or overhaul various types of housing in Chinese mainland cities and towns according to regulations, with housing provident fund deposits as the source of funds.
Personal housing commercial loan: it is a housing loan issued by bank credit funds to buyers.
Personal housing portfolio loan: refers to a loan method in which borrowers who deposit provident fund simultaneously issue personal housing provident fund loans and personal housing commercial loans.
Loan issuing object
He is a China natural person with full capacity for civil conduct and an overseas natural person with the right of abode in Chinese mainland.
Conditions for applying for individual housing loans:
Have a legal status;
Have a stable economic income, good credit and the ability to repay the principal and interest of loans;
There are legal and effective contracts and agreements for the purchase, construction and overhaul of houses and other supporting documents required by the loan bank;
Self-raised funds of more than 20% of the total price of the purchased (built or overhauled) house, and guarantee the down payment for the purchased (built or overhauled) house.
Taking the assets recognized by the loan bank as collateral or pledge, or (and) taking legal persons, other organizations or individuals with sufficient compensatory capacity as guarantors;
Other conditions stipulated by the loan bank agreed by the head office of China Construction Bank.
Information to be provided for applying for individual housing loan
Identity documents (resident identity card, residence permit or other identity documents)
Proof of the borrower's repayment ability;
Legal contracts, agreements or (and) other approval documents for the purchase (construction or overhaul) of houses;
List of collateral or pledge rights, ownership certificate, certificate of consent to mortgage or pledge issued by the person who has the right to dispose of it, and collateral evaluation report issued by an evaluation agency recognized by the loan bank;
The guarantor agrees to provide written opinions on the guarantee and the guarantor's credit certificate;
Relevant certification documents of the borrower's purchase (construction, overhaul) of self-raised funds for the house;
Other documents and materials required by the loan bank;
Other information required for different loan purposes.
Personal housing loan procedure
The borrower fills in the loan application form and provides the necessary information;
The loan bank shall review the credit status and information of the borrower and give the applicant a formal reply within three weeks;
If the lender agrees to the loan, the borrower and the lender shall sign a loan contract. According to the different loan guarantee methods, mortgage contract, pledge contract and guarantee contract should be signed at the same time;
According to the national and local laws and regulations, as well as the provisions of the Construction Bank, handle the formalities of real estate insurance, mortgage registration or contract notarization;
The lending bank issues loans according to the contract.
Operation process of personal housing loan
The general operation process of personal housing commercial loans is as follows:
Providing consultation → accepting application → pre-loan investigation → loan approval → loan issuance → post-loan management → loan recovery.
Operation process of personal housing provident fund loan
1. The fund management center issues a loan power of attorney to the bank.
2. The borrower applies to the local fund management center.
3. Lending approval
4. Sign a loan issuance contract
5. Recover the loan
6. Post-loan management
Operation process of individual housing portfolio loan
1. Provide consultation.
Step 2 accept the application
3. Lending approval
Step 4 lend money
5. Loan recovery
6. Post-loan management
The amount and duration of individual housing loans
The amount of individual housing loan shall not exceed 80% of the value of the purchased house, and the loan period shall not exceed 30 years at the longest. The amount and duration of individual housing provident fund loans shall be handled in accordance with the provisions of relevant local departments.
The amount and duration of special loans shall be determined separately.
Personal housing loan interest rate
According to the regulations of the People's Bank of China.
If the term of individual housing loan is within 1 year (including 1 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 exceeds 1 year, if the legal interest rate is adjusted, the new interest rate regulations will be implemented at the beginning of next year according to the corresponding interest rate grades.
According to Yinchuan [1999] No.44 and No.45, the interest rate of individual housing loans issued by commercial banks with credit funds is changed from the current legal interest rate to the annual interest rate of 5.3 1% for less than five years (including five years). The loan interest rate of individual housing provident fund is changed from the current three-month lump-sum deposit and withdrawal interest rate to the annual interest rate of 4. 14% for less than five years (including five years) and 4.59% for more than five years.
Personal housing loan guarantee method
Personal housing loans include mortgage, pledge, guarantee and mortgage (pledge) guarantee:
1. mortgage: it is a guarantee method that the borrower or the third party takes the own house, existing house or purchased forward house as mortgage;
2. Pledge: refers to the borrower's securities (such as treasury bonds, national key construction bonds, financial bonds, AAA corporate bonds, certificates of deposit, etc.). ) as collateral.
Three. Guarantee: refers to a guarantee method in which the borrower takes a legal person or natural person with sufficient compensatory ability as the guarantor;
Four. Mortgage guarantee: when the borrower fails to provide collateral in full, a third party recognized by the loan bank bears joint and several liability guarantee.
Repayment method of individual housing loan
If the loan term is within 1 year (including 1 year), the principal and interest will be repaid in one lump sum at maturity, and the interest will be paid with the principal; If the loan term exceeds 1 year, the principal and interest of the loan shall be repaid monthly.
Repayment method of individual housing loan
Generally, the borrower applies for a credit card or savings card at the loan bank, and the borrower and the borrower sign an entrusted withholding agreement. If the borrower deposits money equal to or higher than the repayment amount within the specified time limit, the loan bank will withhold it on schedule.
With this repayment method, the borrower does not have to go back and forth to the bank to repay.
Conditions for China Construction Bank to apply for a loan