Is appropriate. Housing provident fund can only buy houses of residential or residential nature, such as shops. Shops, apartments, etc. It doesn't even work. Other channels are not easy to handle, and you can only apply for withdrawal for reasons such as house maintenance or account transfer. Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees. "Regulations on the Management of Housing Provident Fund" Article 5 The housing provident fund shall be used for the purchase, construction, renovation and overhaul of owner-occupied housing by employees, and no unit or individual may use it for other purposes. Can commercial loans be converted into provident fund loans? Yes If you want to transfer back to the provident fund loan, this method is feasible, but the following conditions must be met: (1) To transfer the commercial loan back to the provident fund loan, the borrower should meet the following conditions at the same time: (1) Meet the application conditions of the housing provident fund loan in this city; The borrower must be the borrower or spouse of the original housing loan (the buyer is required); The original commercial housing loan has not been settled, and the bank agrees that the borrower will settle the loan in advance; The original commercial housing loan has been repaid for more than one year (inclusive), with a good credit record and no overdue loan balance. Relevant laws and regulations: The Regulations on the Management of Housing Provident Fund stipulates that housing provident fund loans cannot be converted into commercial loans. If you buy a house, if you use a commercial loan, you can turn it into a provident fund loan, but you need to meet the preconditions: (1) mortgage to buy a house, the company didn't pay the provident fund, but now it has changed jobs, and the company pays a certain amount of housing provident fund every month. (2) I didn't know that the provident fund could be used to buy a house, so I directly applied for a commercial loan. (3) At that time, the unit also paid the provident fund, but the buyers did not meet the loan conditions of the local housing provident fund and had to apply for a commercial loan. Legal basis: Article 26 of the Regulations on the Management of Housing Provident Fund, employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.
Second, is it cost-effective for self-employed individuals to pay the provident fund to buy a house?
It is cost-effective for self-employed people to buy provident fund.
Because the interest rate of provident fund loans is 3.25%, and the basic interest rate of commercial loans is 4.9%. Individual industrial and commercial households find human resources companies to pay provident fund. Although they have to pay the provident fund fees and service fees to the company, the provident fund fees are all paid in the personal provident fund account and can be used to repay the loan in the future. Compared with the commercial loan interest rate, it can save a lot of money.
3. Is it appropriate to buy a house with a provident fund loan of 900,000 yuan?
Yes, the interest rate of provident fund is lower than that of commercial loans, and there is not much difference in a short time, but the mortgage is often 30 years, which can make a difference for a car. The problem is that many cities reserve 800 thousand. So you have to make it clear that it is best to get a loan there. If you can't get a loan, you can also get a combined loan.
Fourth, is it cost-effective to buy a house with provident fund loans?
As far as I know, after Hunan's provident fund loan, it can only handle the monthly hedging business, but can't withdraw cash, that is, the monthly provident fund deposit is automatically used to repay the loan. Please consult Wuhan for specific policies. Buy a small house like Hunan, you don't have to repay the loan yourself, you can collect the rent, and the property right is still yours. The rent collected can reduce the pressure on your business loan. As for providing for the aged, we paid the endowment insurance anyway. Or use the provident fund as soon as possible. Why do you need so much money when you are old? Just eat enough.