Guide to housing provident fund loans
Letter of credit clause
The housing provident fund loan object shall meet the following conditions at the same time:
1, a natural person with full civil capacity who has reached the age of 18.
2. When applying for a loan, the housing provident fund will be remitted normally. It is estimated that the units and individuals applying for loans will pay the housing provident fund for six months in a row, and the first remittance time will reach six months. The first remittance date is based on the bookkeeping date of the fund daily account (for qualified care objects such as high-level talents, spouses of active servicemen and demobilized soldiers). Our city has introduced, and the requirements for continuous payment of provident fund can be appropriately relaxed).
3. I can provide valid proof materials such as purchase, construction and overhaul of self-occupied housing.
4. The property right of the owner-occupied house purchased, constructed or overhauled is owned by shares, and the main borrower applying for a loan must own more than 50% of the house ownership.
5 have a stable income, good credit and the ability to repay the principal and interest of the loan on time.
6. The guarantee shall be handled in accordance with the guarantee method recognized by the Provident Fund Center.
7. There are no outstanding housing provident fund loans.
8. Meet other conditions stipulated by the provident fund center.
Loan term and interest rate
1, loan term
For the purchase of commercial housing or second-hand housing, the maximum loan period shall not exceed 30 years and the remaining service life of the land; The loan period for purchasing existing public houses, building or overhauling owner-occupied houses shall not exceed 15 years and the remaining service life of the land.
The loan term plus the actual age of the principal borrower shall not exceed the statutory retirement age.
2. Loan interest rate
The loan interest rate for the first application for housing provident fund loan shall be subject to the interest rate standard published by the People's Bank of China. The loan interest rate of the second application for housing provident fund loans rose to 1. 1 times that of the first application for loans in the same period.
During the period from the conclusion of the loan contract to the repayment of the loan, if the legal interest rate is adjusted, the new interest rate regulation will be implemented according to the corresponding interest rate grade from the following year 1, and the monthly repayment amount of the loan will be adjusted.
loan limit
The loan amount shall meet the following four conditions:
1. The loan amount shall not exceed the maximum loan amount determined by Changzhou Housing Provident Fund Management Committee.
If two or more borrowers (the house owner with full capacity for civil conduct and the house owner with full capacity for civil conduct and their spouses are borrowers, the same below) meet the loan conditions, the maximum loan amount is 600,000 yuan; Only one person meets the loan conditions, and the maximum loan amount is 300,000 yuan.
2. The loan amount shall not exceed a certain multiple of the sum of the balance of the borrower's housing provident fund.
(1) Generally, the loan amount shall not exceed 10 times the sum of the balance of the borrower's housing provident fund. If the borrower other than the main borrower meets the loan conditions, the balance of housing provident fund can be calculated together (subject to the loan application).
(2) If the borrower has no record of housing provident fund withdrawal or loan, the loan amount can be relaxed to 20 times of the sum of the storage balance of housing provident fund.
(3) Appropriate relaxation of the requirements for the storage balance of housing provident fund for qualified specific objects: 1 Apply for housing provident fund loans to purchase ordinary self-occupied houses (the construction area does not exceed 144 square meters, and the floor area ratio is above 1.0). If the loan conditions are met and there is no record of housing provident fund withdrawal or loan, the loan amount can be relaxed to 300,000 yuan; Only one person meets the loan conditions, and there is no housing provident fund withdrawal or loan record, the loan amount can be relaxed to 6,543,800 yuan+0.8 million yuan. When high-level talents, demobilized or veterans and other qualified caregivers apply for housing provident fund loans, if two or more borrowers meet the loan conditions and have no housing provident fund withdrawal and loan records, the loan amount can be relaxed to 500,000 yuan; Only one person meets the loan conditions, and there is no housing provident fund withdrawal or loan record, and the loan amount can be relaxed to 300,000 yuan. If the spouse of an active serviceman has paid the housing provident fund normally, when applying for a housing provident fund loan, if the borrower has no record of housing provident fund withdrawal and loan, the loan amount can be relaxed to 600,000 yuan.
3, the loan amount does not exceed a certain proportion of the actual price payable for the purchase, construction and overhaul of self-occupied housing.
(1) The borrower applies for a housing provident fund loan for the first time to purchase a self-occupied house. The loan amount shall not exceed 80% of the actual purchase price.
(2) The borrower applies for housing provident fund loan for the second time, and the loan amount does not exceed 30% of the actual purchase price.
(3) When applying for a housing provident fund loan to buy a second-hand house, the lowest value in the stock house sales contract, deed tax payment book and real estate appraisal report shall be taken as the actual payable price.
4. The loan amount shall not exceed the borrower's actual repayment ability.
The monthly repayment amount of the loan generally does not exceed 50% of the total monthly income of the borrower.
Loan procedure
1, pre-loan consultation
The borrower calls the housing provident fund customer service phone, inquires about the website of the provident fund center of our city or goes to the service window of the provident fund center for pre-loan consultation; When it is necessary to apply for portfolio loans, you should consult the entrusted bank about the specific requirements and related forms for handling commercial loans.
2. Loan application
The borrower prepares relevant materials and applies for a loan at the provident fund center.
3. Monthly loan repayment application
When applying for a loan, the borrower can also apply for monthly repayment of the housing provident fund.
4. Commercial loan application
Borrowers who need to apply for portfolio loans apply for commercial loans at the entrusted bank with the proof materials of housing provident fund loans and the materials needed for commercial loans (skip this step when applying for pure provident fund loans).
5. handle the guarantee.
After the loan from the provident fund center and the entrusted bank is approved, the borrower shall apply to the guarantee company for guarantee procedures with relevant materials.
Housing provident fund loans (including portfolio loans) are guaranteed and pledged by Changzhou Housing Guarantee Replacement Co., Ltd.
6. Lending
After the guarantee company agrees to guarantee, the provident fund center informs the entrusted bank to transfer the loan funds into the designated collection account.
7. Repay on time
The entrusted bank deducts the repayment amount of the current month from the personal account agreed by the borrower on 15 every month (postponed in case of holidays).
8. Settle the loan
The entrusted bank issues a repayment certificate, and the borrower goes to the guarantee company to cancel the guarantee, get the house property certificate, and go through the formalities of mortgage registration and cancellation of the housing provident fund loan.
Loan repayment
1. There are two repayment methods for housing provident fund loans: equal principal and interest and average principal. The borrower can choose the repayment method according to his personal income, but once it is determined, it shall not be changed during the whole repayment period.
(1) Matching principal and interest repayment method means that the borrower repays the loan principal and interest with the same amount every month within the loan term, which is a balanced repayment method. Matching principal and interest repayment method is more balanced during the loan period, which is more suitable for borrowers who are short of funds in the initial repayment period.
(2) average capital repayment method is that the borrower repays the loan principal in equal amount every month during the loan period, and at the same time repays the loan interest of that month, and the loan interest decreases month by month, which is a kind of diminishing repayment method. The repayment pressure of average capital repayment method decreases year by year with the time of repayment, which is more suitable for borrowers with higher income when making loans.
2. From the month following the loan issuance, the entrusted bank will deduct the repayment principal and interest from the borrower's repayment account every month. If loans overdue is caused by insufficient repayment account amount, the borrower shall pay overdue interest as required and bear the liability for breach of contract.
3. During the loan period, with the consent of the parties to the loan contract, the borrower may pay off the loan in advance in one lump sum or partially in advance. After repaying part of the loan in advance, the loan interest rate will remain unchanged.
(1) Repay the loan in advance, each time not less than 10000 yuan, and it can only be handled after the first installment of normal repayment. After repaying the loan in advance, there are three repayment methods for the borrower to choose: 1 the monthly repayment amount remains unchanged, and the loan period is shortened; The repayment amount was reduced in February, and the loan term remained unchanged; Increase the monthly repayment amount and shorten the loan period.
(2) The borrower shall choose to go through the loan repayment formalities in advance during 1- 12 every month.
Matters needing attention
1. Stop issuing loans to applicants who apply for housing provident fund loans for the third time or more.
2. To purchase commercial housing, the borrower shall apply for a loan within one year from the date of signing the purchase contract after signing the purchase contract and paying not less than the prescribed down payment ratio. If you buy a second-hand house and now live in a public house, the borrower should apply for a loan within two months after completing the house transaction procedures and paying the house deed tax (subject to the date of the deed tax payment certificate). Borrowers who build or overhaul houses shall apply for loans within one year from the date of approval documents for building or overhauling houses.
3. When applying for a loan, you should fully consider your repayment ability, and choose the appropriate entrusted bank, loan amount, term and repayment method, which generally cannot be changed after confirmation.
4. During the loan period, the borrower's housing provident fund can only be used to repay the housing provident fund loan, and shall not be extracted in other forms.
5. For the convenience of borrowers, our city implements one-stop service when handling housing provident fund loans, and carries out on-site approval and guarantee procedures. All borrowers are required to sign simultaneously.
6. If the employee fails to go through the loan procedures such as guarantee, mortgage and pledge within two months after applying for the provident fund loan, it shall be deemed that the applicant voluntarily cancels the loan application.
7. The borrower shall truthfully provide personal information and relevant loan application materials to the provident fund center, the guarantee company and the entrusted bank. If there is any concealment or falsehood, the provident fund center has the right to suspend its eligibility to apply for housing provident fund loans within one to three years.