When buying a house, many people will give priority to provident fund loans, but what if they do not meet the conditions? Some people will choose to find someone to guarantee, is that ok? This is possible. Finding someone to guarantee is also for banks to guard against the risks of provident fund loans, but the guarantor must meet certain conditions. Next, let's see what conditions are needed.
The guarantor of the provident fund loan must meet the following conditions:
1, with full capacity for civil conduct;
2. Have permanent residence or valid residence status in the local town, and have a stable job and income;
3. The housing accumulation fund has been paid normally for more than 6 months continuously, and its account has deposits of 1 year or more;
4. No provident fund loan balance and other bad debts;
5. During the period when the borrower fails to repay the loan principal and interest in full, he may not withdraw the housing provident fund or apply for a housing provident fund loan;
6. The age of the guarantor of the housing provident fund loan and the term of the secured loan shall not exceed the statutory retirement age.
The guarantor of the provident fund loan shall provide proof of identity, residence booklet, income certificate and housing provident fund account number, and sign a guarantee contract with the entrusted bank.
Reminder: When you are the guarantor, you can't apply for provident fund loan again, but only when the borrower pays off the loan; If the borrower is unable to repay the loan, the guarantor will assume the responsibility of repaying the loan and be a guarantor cautiously.
What is the guarantee method of housing provident fund loan?
There are four ways to guarantee provident fund loans, and borrowers can choose according to the loan demand:
(1) guarantee
The guarantor (guarantee company) provides the borrower with joint and several liability guarantee. The guarantor shall sign a guarantee contract with the provident fund center.
Guarantee mode of provident fund loan (II) Mortgage guarantee
A borrower may use his or others' property as collateral. If the collateral belongs to * * * property (including * * * property formed during the existence of husband-wife relationship), the certificate that all * * * people agree to mortgage shall be provided; If the borrower mortgages the property of a third party, it shall issue a certificate (or undertaking) that the creditor agrees to mortgage.
Property whose ownership is unknown or controversial, dangerous, has been or will be included in the scope of collective land cannot be used as collateral. Collateral shall be evaluated in accordance with regulations.
The mortgagor shall sign a mortgage contract with the provident fund center.
Real estate mortgage shall be registered with the real estate management department according to law, and a certificate of other rights or a certificate of filing before mortgage shall be obtained.
Provident fund loan guarantee method (III) Personal housing provident fund guarantee
The borrower or others provide joint liability guarantee for the borrower with individual housing provident fund. The guarantor's housing provident fund balance should reach more than 80% of the loan amount.
After taking the housing provident fund as the borrower's guarantee, during the guarantee period, the guarantor cannot apply to the provident fund center for withdrawing its housing provident fund, nor can he apply for a housing provident fund loan. When the amount of the borrower's housing accumulation fund reaches 80% of the loan balance, the guarantor automatically cancels the guarantee.
The guarantor shall sign a guarantee contract with the provident fund center.
Guarantee mode of provident fund loan (IV) Pledge guarantee
The borrower takes bonds, bank certificates of deposit and other securities as collateral and guarantees them in full. The pledgor shall sign a pledge contract with the provident fund center, and go through the formalities of freezing and stopping payment of the pledge, which shall be kept by the provident fund center. Housing provident fund loans can only be used to buy a house, and the guarantee is the mortgage of the loan house. The management center provides real estate mortgage, installment guarantee plus real estate mortgage by the selling unit (developer), installment guarantee plus real estate mortgage by natural persons, pledge, joint guarantee plus pledge by natural persons, housing provident fund guarantee, etc. , at the option of the borrower.
If the borrower has the conditions of real estate mortgage, the management center should actively assist the borrower to choose the real estate mortgage guarantee method.
The above contents are for reference only, I hope I can help you. Thank you for your support to Kanfangwang. I wish you a happy purchase!
What are the guarantee methods for housing provident fund loans?
To apply for individual housing provident fund loans in China Bank, you can use mortgage or pledge guarantee.
1. If the provident fund loan is secured by mortgage, the borrower (that is, the employee applying for provident fund loan) shall use the purchased house as collateral. The borrower shall sign a mortgage contract with the entrusted bank and go through the mortgage registration formalities in accordance with the provisions of this Municipality on the registration of real estate rights.
2. If the provident fund loan is secured by pledge, the borrower or the third party shall provide the certificate-based national debt recognized by the provident fund center and the entrusted bank, the local currency time deposit certificate of the entrusted bank and other legal pledge rights certificates for guarantee. The borrower shall sign a pledge contract with the entrusted bank, and go through the formalities of transfer of title certificate within the time limit stipulated in the contract.
3. If the collateral is partially damaged, which is insufficient to repay the loan balance, the borrower shall supplement the new guarantee for the part that is insufficient to repay the loan balance.
4. Because there are differences in policies and requirements for individual housing provident fund loans in housing provident fund management centers around the country, you need to consult the provident fund loan business outlets in detail or consult the local provident fund management center.
The above contents are for your reference. Please refer to the actual business regulations.
Can the provident fund loan guarantor make a loan? brief introduction
Provident fund loans are not qualified to buy a house, you can find someone to guarantee. And people often want to borrow money to buy a house after being a guarantor of provident fund loans for others, so will their guarantor status affect the loan? Presumably, many people will have this question. Let's answer your questions.
Can the provident fund loan guarantor make a loan?
As we all know, the guarantor of provident fund loan must have no loan in his name, and after becoming a guarantor, he must bear joint and several liabilities during the guarantee period and repay the loan for the lender when he is unable to repay it. As a guarantor, you can't make provident fund loans.
After all, if there is a provident fund loan under the guarantor's name, but the lender is unable to repay it due to various changes during the loan period, the guarantor has to repay the loan himself and the lender, which will bring great risks to the recovery of funds. Therefore, in order to ensure the safe operation of the housing provident fund, the guarantor will not lend.
If the guarantor really wants to apply for provident fund loans, he must wait for the lender to repay the provident fund, or let the lender repay in advance and replace other guarantors. Anyway, the guarantor can only apply for a loan from the housing provident fund center when his identity is terminated.
Of course, if you apply for a commercial loan, there may be no such restriction. However, if you guarantee others, other people's loan liabilities and overdue conditions will also be counted as your own, and the approval of loans may also have an impact. Unless the guarantor can provide sufficient proof of assets, the repayment ability will be recognized by the bank.
In short, the guarantor of provident fund loan cannot apply for provident fund loan to buy a house during the guarantee period, but he can try to apply for commercial loan. If the interest rate of commercial loans is much higher than that of provident fund loans, then if you need loans, don't guarantee others.
The introduction of provident fund loan guarantee ends here.