1. The lender prepares the materials needed for the loan and fills in the Application Form for Provident Fund Loan in the bank applying for the loan;
2. After receiving the application materials, the bank will submit the materials to the local housing provident fund management center;
3, provident fund management center after the audit, notify the bank;
4. The bank issues loans according to the approval results of the provident fund management center;
5. The borrower shall repay the loan principal and interest on a monthly basis according to the loan contract;
6. After the borrower pays off the loan principal and interest, the loan contract is terminated, and the housing provident fund management center is required to retrieve the mortgage certificate of other items and cancel the mortgage registration of the house.
Provisions on the use of provident fund:
1. deposit conditions: the deposit of provident fund usually requires both employees and employers to pay at the same time, and the deposit ratio and base are stipulated by the local provident fund management center;
2. Scope of use: the provident fund is mainly used for housing consumption, including the purchase, construction, renovation or overhaul of housing;
3. Withdrawal conditions: The withdrawal of provident fund must meet certain conditions, such as buying a house, retiring, leaving, etc. ;
4. Loan conditions: provident fund loans usually require the applicant to have a stable job and income, and have a record of continuous deposit of provident fund in the local area;
5. Loan amount: The loan amount of provident fund is related to the individual's deposit amount, deposit time and purchase price.
6. Repayment method: There are many repayment methods for provident fund loans, such as matching principal and interest, average capital or combination repayment method.
To sum up, the process of purchasing a house with provident fund loan includes preparing materials, filling in the application form, submitting materials by the bank, auditing by the provident fund management center, lending by the bank, monthly repayment by the borrower, and cancellation of registration after paying off the loan.
Legal basis:
Regulations on the administration of housing provident fund
Article 26
Workers who have paid housing provident fund can apply for housing provident fund loans to 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.