Conditions of Guarantor for Housing Provident Fund Loan

1, with full capacity for civil conduct;

2. Have permanent residence or valid residence status in the local town, and the income is relatively stable;

3. The housing accumulation fund has been continuously and normally paid for more than 6 months, and its account has a deposit of more than 1 year;

4. No provident fund loan balance and other bad debts;

5. During the period when the borrower fails to repay the loan principal and interest in full, he may not withdraw the housing provident fund or apply for a housing provident fund loan;

6. The age of the housing provident fund guarantor and the term of the secured loan shall not exceed the statutory retirement age.

The guarantor of the natural person housing provident fund shall provide the guarantor's identity certificate, household registration book, income certificate and housing provident fund account number, and sign a guarantee contract with the entrusted bank. This news is SouFun information, not current instant information.

What restrictions will the housing provident fund loan guarantor be subject to?

1. The maximum number of guarantors for housing provident fund loans is two, and the total provident fund of borrowers and guarantors is required to reach 50% of the loan amount. The guarantor must be a person who has no loan at present and has not provided guarantee for others. Guarantors who apply for housing provident fund loans also have certain age restrictions.

2. If the real estate is used as collateral without a guarantor, the real estate is required to exceed 80 square meters, and the value assessment of the real estate reaches 70% of the loan amount.

Responsibility of Guarantor of Housing Provident Fund Loan

Where the parties agree in the suretyship contract that the surety shall bear the suretyship liability when the debtor fails to perform the debt, it is a general suretyship.

The guarantor of a general guarantee may refuse to undertake the guarantee liability to the creditor before the main contract dispute is tried or arbitrated and the debtor's property is enforced according to law.

Under any of the following circumstances, the guarantor shall not exercise the rights specified in the preceding paragraph:

1. The debtor's domicile changes, and it is difficult for the creditor to ask him to perform the debt;

2. The people's court accepts the debtor's bankruptcy case and suspends the execution procedure;

3. The guarantor waives the rights stipulated in the preceding paragraph in writing.

Joint and several liability of guarantor. If the parties agree in the guarantee contract that the guarantor and the debtor shall be jointly and severally liable for the debt, it is a joint liability guarantee. If the debtor of joint and several liability guarantee fails to perform the debt at the expiration of the debt performance period agreed in the main contract, the creditor may require the debtor to perform the debt, or may require the guarantor to assume the guarantee liability within the scope of its guarantee.

Guarantor's guarantee responsibility:. The scope of guarantee includes the principal creditor's rights and interest, liquidated damages, damages and expenses for realizing creditor's rights. If there are other provisions in the guarantee contract, such provisions shall prevail. Where the parties have not agreed on the scope of guarantee or the agreement is unclear, the guarantor shall be liable for all debts.

Precautions for Guarantor of Housing Provident Fund Loan

1. Under normal circumstances, the borrower repays the loan by himself, and the guarantor need not worry. However, the loan amount and monthly payment borrowed by the borrower will generally be shown in the credit report of the guarantor.

2. When the guarantor needs to apply for any loan, the debt he guarantees will be regarded as his own debt, and usually the lending institution will include it in the debt, which may affect the loan amount of the guarantor.