Housing provident fund loans can be mortgaged or pledged without the guarantee provided by guarantee companies. Take Anhui Province as an example. According to the Measures for the Administration of Provincial Housing Provident Fund Loans in Anhui Province: Article 16 Individual housing provident fund loans shall be secured by mortgage or pledge. The scope of mortgage, pledge or guarantee includes the principal and interest of housing provident fund loan, penalty interest, liquidated damages, compensation and the expenses of provincial sub-centers to realize creditor's rights. (1) The borrower may mortgage his own house, the house owned by * * * or the house owned by a third party, and the mortgagor and mortgagee shall sign a written mortgage contract and go through the mortgage registration formalities at the real estate transaction management institution. The present value of collateral is based on the contract price, the house price approved by the benchmark price announced by the relevant departments or the value assessed by a legally qualified real estate appraisal agency; The mortgage amount shall not exceed 70% of the present value of the collateral. It is legal to buy with this loan.
2. Does the housing provident fund loan need guarantee?
Don't. But you have to have a house purchase contract or renovation contract, and apply for building your own house. There is also that you and your unit pay the housing provident fund on time.
3. Do you still need a guarantor for housing provident fund loans?
Housing provident fund loans need to be guaranteed, but not necessarily guaranteed by a guarantor. There can be two types: phased guarantee plus mortgage and mortgage, and the borrower can choose independently according to his own actual situation.
Taking Tianjin as an example, according to Article 31 of the Regulations of Tianjin Municipality on the Management of Housing Provident Fund, housing provident fund loans are based on the principles of combining deposit with loan, deposit first and loan later, one-time loan with zero repayment and loan guarantee. The specific measures for housing provident fund loans shall be formulated by the Municipal Housing Provident Fund Management Committee.
Article 33 When employees apply for housing provident fund loans, they shall sign loan contracts with the entrusted banks and provide guarantees.
Article 34 The municipal housing provident fund management center may use the housing provident fund for purchasing government bonds with the approval of the municipal housing provident fund management committee on the premise of ensuring the withdrawal and loan of the housing provident fund. City housing provident fund management center shall not provide guarantees to others.
Extended data:
Article 26 of the Regulations on the Management of Housing Provident Fund stipulates that 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.
Twenty-seventh applicants for housing provident fund loans shall provide guarantees.