Some people are willing to pay the housing provident fund every month, mainly because they want to apply for a loan to buy a house through the housing provident fund. Compared with commercial loans, the interest rate of provident fund loans is much lower. In other words, with the same loan of 500,000 yuan and the same principal and interest for 30 years, the provident fund loan can save nearly 200,000 interest compared with commercial loans.

Different cities need to pay provident fund in different periods. Some cities need to pay half a year, some cities need to pay more than one year, some cities need to pay 1 year for local accounts, and foreign accounts need to pay for 2 years. Some cities have different loan lines of 1 year, 2 years and 3 years.

However, the use of provident fund is limited. Common loan conditions are:

Normal continuous monthly housing accumulation fund deposit 12 months /5 years or more; One of the husband and wife has applied for housing provident fund loans, and neither husband nor wife can obtain housing provident fund loans before paying off the principal and interest of the loans; There are no other outstanding debts, which may affect the repayment ability of housing provident fund loans; The longest term of provident fund loans shall not exceed 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same. Before applying for housing provident fund loans, you need to pay attention to the following points:

The monthly deposit provident fund center will calculate the amount and loan life according to the monthly deposit. Generally, you can only deposit at least 1 0,000 yuan per month. If the individual's monthly deposit balance is not large, but the spouse also pays the provident fund, the provident fund of two people can be used for the same loan.

Account balance in many areas, the amount of provident fund loans is directly linked to the account balance, so it is best not to withdraw the balance before handling the provident fund loans, but after the loans are issued.

Credit situation You need good credit to apply for provident fund loans. If the borrower has overdue loans and credit cards for three times in the past two years, there is basically no hope.

Income When applying for a provident fund loan, the bank will check the borrower's income. After all, income can reflect repayment ability. If the income is not up to standard and the repayment ability is not good, don't expect provident fund loans.

In addition, the applicant's debt situation, as well as housing structure, building age, provident fund loan amount and so on are all uncertain factors affecting provident fund loans.