The guarantee method of provident fund loan can be the mortgage of the purchased house or the guarantee company. Many people want to know what benefits it will bring to lenders.
Using guarantee companies to handle provident fund loans has the following advantages:
The advantages of using guarantee companies for provident fund loans are as follows: First, the loan processing cycle is shortened. To apply for provident fund loans by mortgage of purchased houses, borrowers with relatively strict time requirements, especially sellers who are in urgent need of funds due to special circumstances in second-hand housing transactions, can use the guarantee company to guarantee, and the mortgage procedures will be completed, and the risks during the period will be borne by the guarantee company, so the acceptance period is greatly shortened, and banks can lend money in advance before the mortgage registration procedures are completed.
What are the advantages of using guarantee companies for provident fund loans?
Advantages of using guarantee companies for provident fund loans: 2. Simplify loan procedures. With the guarantee company, the general public can enjoy all kinds of guarantee services that have been included in the "one-stop" service of provident fund loans. They only need to submit materials and sign contracts at the counter, and other related procedures are handled by the guarantee company, which reduces the intermediate links such as home insurance, notarization and mortgage for paid employees.
Benefits of using guarantee companies for provident fund loans 3. Improve personal credit level. With the guarantee company, employees with bad personal credit information can apply for a guarantee from the guarantee company to improve their personal credit level without changing the credit rating of personal loans.
Benefits of adopting guarantee companies for provident fund loans. Guarantee fee standard. At present, the guarantee fee is: guaranteed loan amount × loan term ×0.6‰.
Benefits of adopting guarantee companies for provident fund loans V. Exemption of loan recourse. During the repayment period, if the borrower completely loses the ability to work due to accidents, and the heirs and legatees have no source of livelihood, the heirs and legatees may submit a written application and provide relevant certificates. After verification by the guarantee company, the guarantee company pays off the remaining loan principal and interest of the borrower to the lender, and does not recover from the borrower (including heirs and legatees).
Benefits of adopting guarantee companies for provident fund loans. Short-term delay in repayment. During the repayment period, the borrower is particularly poor due to major changes in his income source. The borrower may submit a written application to the guarantee company and provide relevant certificates. If verified by the guarantee company, the repayment plan can be re-formulated.
Benefits of adopting guarantee companies for provident fund loans. Exempt from overdue penalty interest. If the borrower is temporarily unable to repay due to irresistible reasons, it may request the guarantee company to repay on its behalf or assist it to renegotiate the repayment period and repayment method of the remaining debts. After verification by the guarantee company, the compensated overdue penalty interest shall be reduced or postponed as appropriate.
(The above answers were published on 20 15-07- 10. Please refer to the current actual purchase policy. )
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