1. What are the objects and conditions of personal housing provident fund loans?
On-the-job employees who purchase and build self-occupied housing.
2. Loan conditions
(1) The borrower has full capacity for civil conduct;
(2) Has an official urban household registration or valid residence status in this city;
(3) Have stable economic income, good credit, and the ability to repay the principal and interest of the loan;
(4) Continuously pay for more than half a year;
( 5. Contract or agreement;
(6) The buyer must be consistent, and the buyer has the property rights (written commitment other than the spouse);
(7) has more than 30 ( second-hand house (more than 40) own funds;
(8) The borrower agrees to handle housing mortgage and insurance;
(9) To purchase commercial housing, report relevant credit materials;
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Open a personal account at the bank and agree that the loan principal and interest will be transferred directly from the account every month.
2. What are the conditions for individuals to apply for provident fund loans?
1. What are the conditions for individuals to apply for provident fund loans? 1. The conditions for individuals to apply for provident fund loans are as follows: (1) The loan recipient should be a natural person with full capacity for civil conduct; (2) Have stable economic income and the ability to repay the principal and interest of the loan on schedule. ; (3) Have valid identity and residence certificates; (4) The down payment made with self-raised funds shall not be less than the proportion stipulated in the policy; (5) The housing provident fund shall be paid in full for more than one year continuously with a cumulative interval of no more than three months; ( 6) Agree to use the purchased house as a mortgage or use securities as a pledge; (7) have no bad credit record; (8) have no other debts that affect the ability to repay the loan. 2. Legal basis: "The People's Republic of China and the National People's Congress". Article 667 of the Code: A loan contract is a contract in which the borrower borrows money from the lender and returns the loan and pays interest when due. Article 668 The loan contract shall be in writing, but there are other differences for loans between natural persons. Except as agreed. The content of a loan contract generally includes terms such as loan type, currency, purpose, amount, interest rate, term and repayment method. Article 669: When entering into a loan contract, the borrower shall provide the terms required by the lender. The true situation of the business activities and financial status related to the loan. Article 670: The interest on the loan shall not be deducted from the principal in advance. If the interest is deducted from the principal in advance, the loan shall be returned and the interest shall be calculated according to the actual loan amount. 2. What is the process for individuals to apply for provident fund loans? The process for individuals to apply for provident fund loans is as follows: 1. After the borrower has prepared all the loan materials, go to the housing provident fund management agency for review and approval; 2. To purchase a first-hand existing house or a second-hand house, the application should be made to the provident fund center outlet Apply and go through the loan procedures at the provident fund center outlet; 3. Entrust the bank to sort out the materials and go to the real estate transaction department to handle the mortgage and pledge procedures; 4. After the mortgage and pledge certificates are issued, the bank will sort out the borrower's materials and send them to the provident fund management agency for review and loan.
3. Can people who have just started working get a provident fund mortgage to buy a house?
No, the provident fund loan must be paid for at least half a year.
Conditions for provident fund loans:
1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans.
2. Those who participate in the housing provident fund system must also meet the following conditions when applying for a housing provident fund personal home purchase loan: that is, they must have continuously paid and deposited housing provident fund for no less than six months before applying for a loan. This is because if employees’ behavior of paying housing provident funds is abnormal and intermittent, it means that their income is unstable and risks will easily arise after the loans are issued.
3. If one spouse applies for a housing provident fund loan, neither spouse will be able to obtain a housing provident fund loan again before the spouse repays the principal and interest of the loan. Because housing provident fund loans are financial support provided to meet the basic housing needs of employee families, and are a type of "housing security" financial support.
4. When a loan applicant applies for a housing provident fund loan, in addition to having a relatively stable economic income and the ability to repay the loan, the loan applicant must not have a large amount that has not yet been paid off, which may affect the repayment of the housing provident fund loan. capacity for other debts. When employees are burdened with other debts, granting housing provident fund loans is very risky and violates the principle of safe operation of housing provident funds.
5. The maximum term of provident fund loans shall not exceed 30 years. When applying for a portfolio loan, the loan terms of the provident fund loan and the commercial housing loan must be consistent. The basic conditions for applying for a housing provident fund home purchase loan mainly include three aspects: loan object, loan purpose, and basic housing loan conditions.
Extended information:
Loan conditions
1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who do not participate in the housing provident fund system You cannot apply for a housing provident fund loan.
2. Those who participate in the housing provident fund system must also meet the following conditions when applying for a housing provident fund personal home purchase loan: that is, they must have continuously paid and deposited housing provident fund for no less than six months before applying for a loan. This is because if employees’ behavior of paying housing provident funds is abnormal and intermittent, it means that their income is unstable and risks will easily arise after the loans are issued.
3. If one spouse applies for a housing provident fund loan, neither spouse will be able to obtain a housing provident fund loan again before the spouse repays the principal and interest of the loan. Because housing provident fund loans are financial support provided to meet the basic housing needs of employee families, and are a type of "housing security" financial support.
4. When a loan applicant applies for a housing provident fund loan, in addition to having a relatively stable economic income and the ability to repay the loan, the loan applicant must not have a large amount that has not yet been paid off, which may affect the repayment of the housing provident fund loan. capacity for other debts.
When employees are burdened with other debts, granting housing provident fund loans is very risky and violates the principle of safe operation of housing provident funds.
5. The maximum term of provident fund loans shall not exceed 30 years. When applying for a portfolio loan, the loan terms of the provident fund loan and the commercial housing loan must be consistent.
Provident fund loans refer to loans enjoyed by employees who have paid housing provident funds. According to national regulations, all employees who have paid housing provident funds can apply for personal housing provident fund loans in accordance with the relevant provisions of provident fund loans. On August 15, 2017, the Ministry of Housing and Urban-Rural Development and others jointly issued a notice stating that starting from September 1, 2015, the down payment of 20% of the down payment for the purchase of a second house with provident fund loans will be cancelled!
Loan amount
Most cities have stipulated the maximum amount of a single housing provident fund loan. For example, the maximum amount of a single housing provident fund loan in Chengdu is 600,000 yuan; Guangzhou housing provident fund loan The maximum limit for an individual is 500,000 yuan, and for two or more applicants, the maximum limit is 800,000 yuan. Secondly, the maximum housing provident fund loan limit shall not exceed 70% of the total house payment; applying for a provident fund loan must also meet the monthly repayment/month The income is not more than 50 (where: the monthly repayment includes the sum of existing liabilities and the monthly repayment of this debt). The housing provident fund loan period is 1 to 30 years, and shall not be longer than the borrower's legal retirement age. For employees approaching retirement age, the loan period can be appropriately relaxed by 1 to 3 years based on their loan repayment ability.
Interest calculation
(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):
1. Daily interest rate (0/000) =Annual interest rate ()÷360=Monthly interest rate (‰)÷30
2. Monthly interest rate (‰)=Annual interest rate ()÷12
(2) Banks can use accumulation Calculate interest using the number-based interest method and the tick-by-item method.
1. The accumulation interest calculation method is based on the daily accumulated account balance based on the actual number of days, and interest is calculated by multiplying the accumulated accumulation number by the daily interest rate. The interest accrual formula is:
Interest = cumulative interest accrual amount × daily interest rate, where cumulative interest accrual amount = total daily balance.
2. The interest calculation method calculates interest on a case-by-case basis according to the predetermined interest calculation formula: interest = principal × interest rate × loan term. There are three specific methods:
The interest calculation period is the entire Years (months), the interest calculation formula is:
①Interest = principal × number of years (months) × year (months) interest rate
The interest calculation period lasts for a whole year (months) ) If there are fractional days, the interest calculation formula is:
②Interest = principal × number of years (months) × annual (months) interest rate principal × number of fractional days × daily interest rate
At the same time, the bank can choose to calculate interest by converting all interest calculation periods into actual days, that is, 365 days per year (366 days in leap years), and each month is the actual number of days in the Gregorian calendar in that month. The interest calculation formula is:
③ Interest = principal × actual number of days × daily interest rate
These three calculation formulas are essentially the same, but since the interest rate conversion only counts 360 days in a year, when the actual daily interest rate is calculated, the year will count as 365 Calculated in days, the results obtained will be slightly biased. Which formula is used to calculate the specific formula? The central bank gives financial institutions the right to choose independently. Therefore, the parties and the financial institution can agree on this in the contract.
(3) Compound interest: Compound interest means charging interest at a certain rate. According to the regulations of the central bank, if the borrower fails to repay the interest within the time stipulated in the contract, compound interest will be charged.
(4) Penalty interest: If the lender fails to repay the bank loan within the prescribed time limit, the penalty interest imposed on the defaulter by the bank according to the contract signed with the party concerned is called bank penalty interest.
(5) Overdue loan liquidated damages: The nature is the same as penalty interest, and it is a punitive measure against the party who defaults on the contract.
(6) Formulation and filing of interest calculation methods
4. Objects and conditions of personal housing provident fund loans?
1. Loan objects
On-the-job employees who purchase and build self-occupied housing.
2. Loan conditions
(1) The borrower has full capacity for civil conduct;
(2) Has an official urban household registration or valid residence status in this city;
(3) Have stable economic income, good credit, and the ability to repay the principal and interest of the loan;
(4) Pay the housing provident fund normally before borrowing and pay continuously for more than six months;
(5) A valid contract or agreement for the purchase of a self-occupied house can be provided;
(6) The borrower and the buyer in the house purchase contract must be consistent, and the buyer has the property rights ***Someone (except spouse) must issue a written commitment to agree to the housing mortgage;
(7) Have self-owned funds not less than the value of the purchase of a self-occupied house of more than 30 yuan (more than 40 yuan for a second-hand house) ;
(8) The borrower agrees to handle housing mortgage and insurance;
(9) If purchasing commercial housing, the developer should provide a periodic guarantee and submit relevant credit materials;
(10) The borrower agrees to open a personal account with the loan undertaking bank, and agrees that the loan undertaking bank will directly transfer the principal and interest of the loan from the account every month.