This means that the Provident Fund Center has opened your bank card account and is currently waiting for disbursement. The housing provident fund is a long-term housing savings deposited by enterprises and their employees. Employees who have contributed to the housing provident fund can use it to apply for a housing provident fund loan at the bank.

How to use provident fund loans?

As long as the loan conditions proposed by the bank can be met, the borrower can prepare his/her personal ID card, housing provident fund deposit certificate, house purchase contract, economic income certificate and other materials to go to the bank to apply for a housing provident fund loan.

After submitting the information to the bank and applying for a loan, the bank will review the borrower's loan qualifications based on the information submitted by the borrower and the personal credit report.

After passing the review, the borrower can go to the evaluation agency designated by the Housing Fund Management Center to have the evaluation agency evaluate the value of the house. After the assessment is completed, the bank will conduct another review based on the assessment report and determine the specific loan amount.

After the approval is passed, the bank will notify the customer. After receiving the notification, the customer can go to the bank to sign the contract and go through the relevant procedures. The bank will then lend, and the borrower only needs to repay the loan on time according to the agreed repayment plan.

Everyone needs to note that housing provident fund loan conditions may be different in different regions and different banks. For example, some banks will require borrowers to pay provident funds on time for more than half a year, while other banks will require borrowers to pay provident funds for more than one year. The housing provident fund can not only be used to apply for housing loans, but can also be used to apply for renovation loans.

Process of provident fund loan:

1. The customer selects a house from the real estate developer, both parties sign a house purchase agreement, and the customer pays the down payment to the developer.

2. Prepare your ID card, local valid residence identity certificate (such as household register), down payment receipt, income certificate (such as bank statement, salary slip) and other relevant information to the local housing provident fund management center outlet Go to the staff to apply for a loan, get the application form to fill in, and then submit the form together with the information.

3. The Housing Provident Fund Management Center will review the information provided by the customer, and the evaluation agency will come to evaluate the value of the house purchased by the customer.

4. After the approval and evaluation are completed, the approval results and evaluation report will be issued and the customer will be notified. If the approval is passed, the loan amount will be determined.

5. Customers who receive the approval notice must go to the branch to sign a loan contract within the agreed time, and handle mortgage and other related procedures.

6. Entrust the disbursement of loan funds (usually the loan is first disbursed to the bank card under the customer's name, and then the system will immediately disburse it to the developer's designated account).