If you apply for a housing provident fund loan, it will take 60- 180 days to complete it, because the procedures for the provident fund loan are more troublesome. In addition to the normal procedures of the bank, it also needs the approval of the local provident fund center, so the time will be slower.
Housing loan application conditions
1. The borrower needs to be between the age of 18 and the age of 65, and have valid identity documents.
2. The borrower has stable and legal income and certain repayment ability; Personal credit is good and there is no credit stain.
3. 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.
4. I have paid more than 30% of the total house price, and if I buy a house with the provident fund, I can pay more than 20%. 5. Other conditions stipulated by the lending bank.
Housing loan procedure
1, apply. The borrower shall prepare the loan materials according to the requirements of the bank, generally including the original and photocopy of ID card, household registration book, work certificate, bank account, marriage certificate, etc. Then submit the materials to the bank.
2. Review and approval stage. After receiving the materials, the bank will verify the authenticity of the borrower's materials and comprehensively evaluate the borrower's repayment ability. After determining that it has the repayment ability, it decides to grant the loan to the applicant and send the loan approval notice to the applicant. At this time, it is necessary to sign a formal loan contract with the bank. If the loan involves mortgage and other guarantees, a guarantee contract should also be signed at the same time.
3. Lending and repayment stage. After the contract comes into effect, the bank will lend to the housing sales unit. At this point, the borrower also entered the repayment stage.