What is housing accumulation fund?
Housing accumulation fund refers to that the employer pays a part of the money in proportion to the employee's salary every month in order to ensure the employee's housing problem, and deposits it in the employee's independent account (an account dedicated to paying the accumulation fund). Employees also deduct the same amount from their wages and deposit it in this account.
However, although the provident fund account is our own, unlike our daily personal bank account, it can be accessed at any time. Monthly payment, only when individuals want to buy a house, rent a house or decorate it, and can provide corresponding supporting materials (such as the purchase contract ……), can they apply for withdrawal. Otherwise, you'll have to wait until you retire to take it all out at once.
What is the use of housing provident fund?
1. Paying provident fund can increase personal income. Because the provident fund is the part paid by the individual, all the part paid by the unit is credited to the personal account and belongs to the personal property.
2. You can pay less personal income tax. Part of the income from paying the provident fund can be tax-free.
3. You can enjoy low-interest provident fund loans when buying a house.
Question 2: How to withdraw the housing accumulation fund?
1. Housing consumption extraction:
(1) Purchase owner-occupied housing; Overhaul and transformation of self-owned housing; Self-built and self-owned housing;
(2) the rent exceeds the prescribed proportion of family wage income;
(three) to repay the principal and interest of housing loans.
2. Cancellation of account cancellation:
(1) retired;
(2) Having left the country to settle down;
(3) completely losing the ability to work and terminating the labor relationship with the unit (both conditions are indispensable);
(4) death. How to withdraw housing accumulation fund?
Workers' withdrawal of housing provident fund must be handled by the remittance unit. The remittance unit shall issue an application for the withdrawal of housing provident fund, affix the seal reserved by the unit, and attach relevant proof materials for withdrawal. After the city housing provident fund management center system audit, go through the extraction procedures.
Question 3: What are the requirements for applying for housing provident fund loans?
(1) has a permanent residence in the town;
(two) the continuous deposit of housing provident fund before the application is not less than six months;
(3) The down payment for house purchase shall not be lower than the specified proportion (currently 20%);
(4) The applicant has the ability to repay the loan;
(five) personal loan debts without provident fund and other debts with a large amount that have not been paid off and may affect the repayment ability of loans.
Question 4: What is the personal loan interest rate of housing provident fund?
From June 23, 2008 to February 23, 2008, the interest rate of individual housing provident fund loans was lowered by 0. 18 percentage points. Less than five years (including five years) is adjusted from 3.5 1% to 3.33%, and more than five years is adjusted from 4.05% to 3.87%.
Question 5: What is the loan process of the first-hand housing provident fund?
The first step is loan consultation.
Loan applicants go to the housing provident fund loan bank for consultation and receive the "First-hand Housing Individual Housing Provident Fund Loan Folder".
Submit application
1, Personal Housing Provident Fund Loan Folder for First-hand Housing;
2. The original and photocopy of the ID card, household registration book and marriage certificate of the borrower's husband and wife (the civil affairs bureau shall provide proof of marital status for singles);
3. The original and photocopy of the purchase contract and down payment receipt filed by the real estate department;
4. Other supporting materials required by the lending bank.
The third step is to sign the contract
After the loan bank accepts the information of the loan applicant and the bank reports it to the provident fund center for approval, the borrower and the loan bank sign loan contracts, mortgage contracts and other related loan documents.
The fourth step is to apply for a mortgage.
By the loan bank or borrower to the real estate mortgage registration department for housing mortgage registration.
Step 5: Loan.
Entrusted by the provident fund center, the loan bank directly transfers the borrower's loan funds into the account of the house selling unit.
Step 6: Monthly repayment
From the month following the issuance of the loan, the borrower shall repay the loan principal and interest on time before the 20th of each month according to the loan contract, until all the loans are settled. When the borrower pays off the remaining loan for the last time, he should go to the loan bank in person and go through the repayment settlement procedures at the bank counter.
Cancel the mortgage loan
After the borrower has paid off all the principal and interest of the loan, he shall go to the real estate mortgage registration department for mortgage registration and cancellation with the loan settlement certificate and mortgage cancellation certificate issued by the loan bank.
Question 6: What is the process of applying for housing provident fund loans for second-hand houses?
There are two ways to purchase second-hand houses and apply for personal housing provident fund loans:
1. The borrower shall handle it by himself.
The first step is loan consultation.
Consult the loan bank to obtain the loan folder of second-hand housing personal housing provident fund: the buyer and the seller and their spouses (single with the certificate of civil affairs bureau) go to the loan bank for pre-trial registration with the real estate license, the state-owned land use right certificate and the original and photocopy of the household registration book, and receive the loan folder of second-hand housing personal housing provident fund, the ID card, marriage certificate, housing evaluation report and the seller's account opening passbook under the seller's name.
Submit application
(1) Second-hand housing personal housing provident fund loan folder;
(2) the appraisal report of the purchased house;
(3) The stock house sales contract signed by the buyer and the seller;
(4) Real estate license and state-owned land use right certificate in the name of the original seller (original and photocopy);
(5) Seller's passbook for opening an account;
(6) The ID card, household registration book and marriage certificate (original and photocopy) of the husband and wife of the buyer and the seller, and the single employee shall provide proof of the marital status of the Civil Affairs Bureau.
The third step is to sign the contract
After the loan bank accepts the information of the loan applicant and the bank reports it to the provident fund center for approval, the borrower and the loan bank sign loan contracts, mortgage contracts and other related loan documents.
The fourth step is transaction transfer.
The buyer and seller of the house go to the real estate bureau and the Land and Resources Bureau to handle the transfer procedures of the house "two certificates" transaction.
The fifth step is to apply for a mortgage.
The loan bank or borrower should go through the mortgage registration formalities at the real estate bureau and get the house ownership certificate.
Step 6: Loan
The provident fund center will directly transfer the loan funds to the seller's deposit account through the loan bank.
Step 7 repay the loan every month.
The next month after the loan is issued, the borrower shall repay the loan principal and interest on time before the 20th of each month according to the loan contract, until the loan is fully paid off. When the borrower pays off the remaining loan for the last time, he should go to the loan bank in person and go through the repayment settlement procedures at the bank counter.
The eighth step is to cancel the mortgage. After the borrower has paid off all the loan principal and interest, he will go through the mortgage registration cancellation formalities at the real estate mortgage registration department with the loan settlement certificate and the mortgage cancellation certificate issued by the loan bank.
Question 7: What is the entrusted intermediary process of second-hand housing provident fund loans?
The first step is loan consultation.
The borrower directly consults the intermediary companies (Wuhan Baijuyi Real Estate Management Consulting Co., Ltd., Wuhan One Plus One Housing Replacement Co., Ltd., Wuhan Housing Guarantee Co., Ltd. and Wuhan Huamingda Real Estate Information Consulting Co., Ltd.) to obtain the loan folder of second-hand housing personal housing provident fund.
Submit application
The buyer, the seller and their spouses (who are single and issue the civil affairs bureau's certificate of marital status) hold the real estate license, the state-owned land use right certificate, the household registration book, the ID card, the original and photocopy of the marriage certificate, the house evaluation report, and the passbook opened by the seller in the name of the seller to the loan bank for pre-trial registration, and submit the loan application materials (the same as the self-management materials).
The third step is to sign the contract
The loan bank accepts the information of the loan applicant, and the bank reports it to the provident fund center for approval to determine the loan amount and term; Intermediary companies handle the transfer procedures of real estate licenses and land certificates for buyers and sellers of houses and provide staged guarantee commitments; The loan bank signs a loan and mortgage contract with the borrower.
Step 4: Loan
After the house ownership certificate is transferred, the provident fund center can release the loan funds with the receipt of the house ownership certificate and the land use right certificate, and directly transfer the loan funds to the seller's deposit account by bank transfer.
The fifth step is to apply for a mortgage.
The intermediary company will continue to handle the registration procedures of housing two certificates and housing mortgage for the borrower, and hand over other housing certificates to the loan bank for safekeeping and filing.
Step 6: Monthly repayment
The next month after the loan is issued, the borrower shall repay the loan principal and interest on time before the 20th of each month according to the loan contract, until the loan is fully paid off. When the borrower pays off the remaining loan for the last time, he should go to the loan bank in person and go through the repayment settlement procedures at the bank counter.
Cancel the mortgage loan
After the borrower pays off all the principal and interest of the loan, he shall go through the mortgage registration cancellation formalities at the original real estate mortgage registration department with the loan settlement certificate and the mortgage cancellation certificate issued by the loan bank.
Question 8: Can a unit apply for a personal housing provident fund loan if it fails to pay on time?
Workers have paid the housing provident fund continuously for not less than six months before applying for housing provident fund loans. If an employee who applies for a loan fails to meet the above requirements because the unit fails to pay the housing provident fund on time, the employee will not be able to obtain a housing provident fund loan. However, we also consider that there are various reasons for the unit's unpaid employee housing provident fund, and most employees are innocent. In order to safeguard the legitimate rights and interests of employees and promote their housing consumption, two remedial measures were taken for employees who failed to pay the housing provident fund on time or owed the housing provident fund, resulting in the inability of employees to obtain housing provident fund loans:
(1) As long as the unit pays the amount of housing provident fund owed by all employees, it can be regarded as that the employees of the unit have paid the housing provident fund continuously.
(2) if the unit is unable to repay the amount of housing provident fund owed by all employees, it can handle the employee's application for a loan on a case-by-case basis. As long as the unit that is in arrears with the housing provident fund pays the principal and interest of the housing provident fund that should be paid during the arrears period for the employees, and provides the deposit amount equal to the loan amount, and at the same time makes a plan for paying the housing provident fund for the unit, the employees can apply for the housing provident fund purchase loan.
Question 9: Can I apply for a personal housing provident fund loan when buying a house in a foreign country?
Employees can't enjoy housing provident fund loans when they buy houses in other places. Because, the housing provident fund loan implements the system of mortgage with the purchased housing to ensure the realization of the housing provident fund creditor's rights. Because the collateral is in other places, it is difficult to supervise the collateral and the loan risk is relatively high. Therefore, employees cannot apply for housing provident fund loans when buying houses in other places.
Question 10: How many repayment methods are there for individual housing provident fund loans?
Provident fund loans are repaid on a monthly basis. The borrower can choose the equal principal and interest method or the average principal method to repay, but once the loan contract is signed, the repayment method cannot be changed.
1. Equal principal and interest method: the monthly repayment amount is equal, the principal is paid first, then more, and the interest is paid first, then less, which is suitable for borrowers who are short of funds in the initial repayment period.
2, the law of average capital: fame and fortune with this law. In the monthly repayment amount, the principal repayment amount is equal, the repayment interest decreases with the decrease of the principal, and the monthly repayment amount decreases month by month, which is suitable for borrowers who are not too nervous in the early repayment period.
Question 1 1: Can individual housing accumulation fund be used as down payment?
Can't be directly used as a down payment for buying a house. If it is a new house, the down payment can only be solved by its own funds or other means. After paying the down payment, the provident fund can be withdrawn according to regulations.
Question 12: It was originally a commercial loan. Can it be converted into a provident fund loan? How to turn?
Of course.
The first step is negotiation and acceptance.
If the sub-loan applicant meets the loan conditions after consultation with the original commercial loan bank, the bank staff shall guide the borrower to fill in the personal housing provident fund loan folder correctly and completely.
The second step is to submit the information.
1. The original and photocopy of the ID card, household registration book and marriage certificate of the borrower and spouse (if the borrower is single, the civil affairs department shall issue the single certificate);
2. The original and photocopy of the house ownership certificate and state-owned land use certificate of the house purchased by the original commercial loan;
3. The original loan mortgage contract of the house purchased by the original commercial loan and a copy of the commodity (economic) house sales contract or the stock house sales contract;
4. The repayment record of the lender's original commercial loan issued by the original commercial loan bank and the proof of the balance and remaining term of the original commercial loan as of the date of applying for the transfer to the provident fund loan.
Question 13: What is the difference between commercial loans and provident fund loans?
Personal housing provident fund loan is a kind of housing security loan for buying self-occupied housing, which is funded by housing provident fund and distributed to employees who pay housing provident fund. It is a non-profit policy loan, so the interest rate is lower than that of commercial loans, and the threshold requirements for loan applicants are lower. Commercial loans are for the purpose of making profits and are examined and issued by commercial banks. Compared with provident fund loans, its interest rate is much higher.
Question 14: if you have already applied for a commercial loan, can you change it into a combined loan of a commercial loan and a provident fund?
I can't. But the provident fund loan can be repaid in advance.
In many places, it is stipulated that after a one-time payment for buying a house, you can withdraw your own provident fund and replenish it within six months. Of course, you can also use the provident fund to repay the loan (there are two ways to withdraw the housing provident fund to repay the personal housing loan: one-time repayment and intermittent repayment. )。 If it is directly used for loan deduction, there is no need to repay the loan within a few months after the provident fund is paid off, so the monthly repayment amount can be reduced accordingly, and naturally the loan interest can be paid less, thus reducing the loan expenditure.
Question 15: How to prepay provident fund loans?
After one year of normal repayment, if partial prepayment is required, you can apply to the original loan bank with the ID card of the main lender, the latest statement, repayment account (and cash deposit) and the original loan contract. According to the different requirements of various lending banks, customers can apply for an appointment by telephone or in writing according to the contact telephone number and address on the statement mailed by the bank, and go through some prepayment procedures directly or according to the appointment time.
Question 16: How to repay the principal and interest of the housing provident fund loan?
In addition to cash payment, the borrower can also withdraw the balance in his provident fund account to repay the loan. When the balance of my provident fund account is insufficient, I can withdraw the balance of my spouse and borrower's provident fund account, but the written consent of the person to be withdrawn is required.
If the borrower needs to withdraw the balance stored in the provident fund account, he shall apply to the entrusted bank, sign the Authorization Letter for Withdrawing Housing Provident Fund to Repay Personal Housing Loan after examination and approval, and the entrusted bank shall go through the withdrawal formalities by transfer. After normal repayment, apply for examination and approval procedures for withdrawing the balance stored in the provident fund account.
Question 17: What is supplementary housing provident fund? What is the difference between supplementary housing provident fund and housing provident fund?
The supplementary housing provident fund system is a supplement to the housing provident fund system, and their basic characteristics are the same. They are all long-term housing savings, which are used for employee housing consumption and belong to individual employees. Supplementary housing provident fund is a social security project that is not compulsory to pay. Enterprises can decide whether to pay supplementary housing provident fund for employees according to their own performance and management needs.
The main differences between supplementary housing provident fund and housing provident fund are: 1, the deposit of housing provident fund is mandatory, while the deposit of supplementary housing provident fund is voluntary; 2. From the perspective of the deposit scope, the deposit scope of supplementary housing provident fund has increased restrictions on the basis of the deposit scope of housing provident fund, stipulating that only enterprises that pay taxes in full and self-supporting institutions and their employees can participate in supplementary housing provident fund; 3. The deposit ratio of housing provident fund is 7% for the unit and 7% for the individual, and the deposit amount is limited by the upper and lower limits, while the deposit ratio of supplementary housing provident fund units and individuals is determined by the unit within the range of not higher than 8% for the unit and not lower than 1% for the unit, and the deposit amount has no upper or lower limit.
Question 18: How to sign a contract when applying for a supplementary housing provident fund loan?
Apply for supplementary housing provident fund loans, instead of signing a supplementary housing provident fund loan contract separately, increase the amount of supplementary housing provident fund loans in the housing provident fund loan contract, and the loan term, loan interest rate, repayment method and guarantee responsibility of supplementary housing provident fund loans are consistent with the housing provident fund loans.
Question 19: Can the borrower repay the provident fund loan in advance?
The borrower can repay part or all of the personal loan principal and interest of the provident fund in advance, and there is no need to pay liquidated damages at present. If part or all of the loan is repaid in advance, interest will be calculated on a daily basis from the date of the loan.
(1) Partial prepayment: After the borrower has fulfilled the original loan contract for one year, the entrusted bank accepts the partial prepayment application, changes the loan contract with it in writing, signs supplementary clauses with the borrower and the guarantee institution, and informs the city center of the relevant information in writing. The prepayment amount of the borrower shall not be less than the repayment amount of 6 months agreed in the original loan contract; The entrusted bank shall agree with the borrower on the repayment period of the remaining loan balance after partial prepayment, which shall be shorter than the remaining period agreed in the original loan contract, and the loan interest rate shall be determined according to the repayment period already performed by the borrower plus the provident fund loan interest rate of the corresponding term grade of the remaining period; The remaining loan principal balance after partial prepayment is still returned in the way agreed in the original loan contract, and the entrusted bank recalculates the monthly repayment amount for the borrower.
(2) Full settlement in advance: If the borrower applies to repay all the loans in advance, there is no time limit. The borrower shall pay the loan principal balance, and the entrusted bank will no longer charge the loan interest, and the loan interest charged according to the loan contract will not be returned.
Question 20: Can the main lender of housing provident fund loan be changed? How to operate?
If the borrower needs to be changed due to legal reasons such as divorce or death of the borrower, the borrower may be changed. The new borrower applies to the loan bank.
Question 2 1: Can the provident fund pay the rent? How to use it?
According to the Regulations on the Management of Housing Provident Fund, if the rent exceeds the specified proportion of family wage income, you can withdraw the storage balance in the employee housing provident fund account. Many people do not make full use of this provision, resulting in their own personal income can not afford the rent, but let the provident fund idle and waste.
If the renter can provide formal and legal housing lease contracts, invoices and other related documents, he can withdraw the provident fund to pay the rent. According to the previous policy, the provident fund can be withdrawn when the rent expenditure exceeds a certain proportion of the family wage income (generally 5%). Proof of income, rental contract and invoice should be submitted when receiving it. At present, some places have increased the proportion of net rent expenditure exceeding family wage income, and some even canceled this proportion directly considering the changes in family wage income and local rent level.
As long as the tenant can provide the lease contract and invoice, he can withdraw the provident fund to reduce the rent pressure, but the withdrawal amount will be limited. For example, Shanghai stipulates that the monthly provident fund that can be applied for should not exceed 20% of the difference between the monthly rental expenditure of the leased house and the monthly salary income of the family, and the maximum monthly withdrawal should not exceed 1 000 yuan. Employees who meet the conditions for paying rent may apply to the district and county housing provident fund management department where the leased house is located once every six months. Tianjin stipulates that employees who rent housing in Tianjin for self-occupation and register in the land and housing management department can apply for withdrawal of their own and spouse's housing provident fund, and the total withdrawal amount does not exceed the rent amount recorded in the rent invoice, but employees who already have other housing cannot withdraw it.
Question 22: Don't let the provident fund "sleep" to teach you eight tricks to use the living provident fund loan.
① Make full use of housing provident fund loans.
Among the buyers, many couples have provident fund, but they have never used provident fund loans. One is that the balance of the provident fund or the monthly supply is small, and the other is that it is troublesome to apply for a provident fund loan. Because many people pay less provident fund, they don't accumulate much when buying a house, and the amount needed to buy a house is relatively large, so they are unwilling to use provident fund loans. At present, the annual interest rate of commercial loans over five years is 5.94%, which is 4. 158% after 30% discount, while the interest rate of provident fund loans over five years is 3.87%, which shows that the interest rate of provident fund loans is 0.288 percentage points lower than that of commercial loans. With the acceleration of economic recovery and other factors, the preferential interest rate of 30% may be adjusted to 8.5% or cancelled directly, which will show the way to save money by provident fund loans.
② Make full use of the loan amount.
Try to use provident fund loans when buying a house. Many areas have raised the upper limit of provident fund loans, such as the maximum loan amount of 800,000 yuan. In some big cities, housing prices are high or the area of houses purchased is large, and the amount of provident fund loans may not be enough. In some places, some new regulations may be made for the sake of one person buying a house and the support of the whole family. For example, Tianjin, Yinchuan, Shantou and other places have introduced policies that parents and children can jointly accumulate funds to buy a house.
③ Make good use of relevant policies.
If you buy the first suite, you can fully enjoy the preferential interest rate policy of provident fund loans in the order of first provident fund loans and then commercial loans. For investors who want to buy a second suite, first buy the first suite with commercial loans, and then use provident fund loans to save interest expenses.
④ Choose the appropriate repayment method.
There are different regulations on the repayment methods of provident fund in different places, which are basically divided into monthly repayment and one-time repayment. Generally speaking, it is better to use the monthly repayment method, which can reduce the repayment pressure to a certain extent, and when the funds are surplus, the repayment method will be changed to one-time repayment to reduce interest expenses. This is undoubtedly very beneficial for property buyers with unstable income or financial difficulties.
⑤ Withdraw the provident fund for rent expenses.
According to the Regulations on the Management of Housing Provident Fund, if the rent exceeds the specified proportion of family wage income, you can withdraw the storage balance in the employee housing provident fund account. Many people do not make full use of this provision, resulting in their own personal income can not afford the rent, but let the provident fund idle and waste.
⑥ Reasonable flexibility to make the provident fund play a greater role.
In addition to loans, the provident fund can also be used for the purchase, construction, renovation and overhaul of self-occupied housing. The interest rate of the provident fund is relatively low. If you don't withdraw, you can only get it when you retire, so try to play its due role.
⑦ Withdraw the provident fund to repay the loan.
In many places, it is stipulated that after a one-time payment for buying a house, you can withdraw your own provident fund and replenish it within six months. Of course, you can also use the provident fund to repay the loan (there are two ways to withdraw the housing provident fund to repay the personal housing loan: one-time repayment and intermittent repayment. )。 If it is directly used for loan deduction, there is no need to repay the loan within a few months after the provident fund is paid off, so the monthly repayment amount can be reduced accordingly, and naturally the loan interest can be paid less, thus reducing the loan expenditure.
(8) Flexible investment in provident fund.
For the existing housing, or when buying a house, it is a one-time payment or the loan has been fully paid off. You can consider arranging your own provident fund to play a more effective role. If you can use the housing provident fund to buy a house for investment or rent, you can avoid the idle waste of the provident fund. The interest rate of housing provident fund is relatively low. If you have rich investment experience, you can consider using the provident fund to invest, such as making a fixed investment in the fund, so as to get more income, improve financial freedom and improve the quality of family life.