The balance of the provident fund account cannot be used as the down payment for buying a house.
Case description: Xiao Zhao plans to buy a small two-bedroom house before the end of this year as a wedding room for marrying his girlfriend. Xiao Zhao's work savings in recent years, coupled with the support of his parents, are only enough to pay the down payment. Now that the loan interest rate is relatively high, Xiao Zhao wants to pay more down payment and less loans, so he thought of provident fund. Because his unit has been paying the provident fund for employees, Xiao Zhao's monthly contribution of about 800 yuan, plus the part paid by the unit, adds up to nearly 654.38+10,000 yuan. He wants to withdraw the money from the provident fund account to pay the down payment for buying a house.
Answer: Many people think that since the provident fund is a welfare policy for employees to buy houses, it can naturally be used to pay the down payment for buying houses, but it is not. Because the provident fund can only be withdrawn after it is used first, that is, the purchaser can only go through the withdrawal procedures after providing the relevant proof materials for the purchase.
Provident fund loans can only be used again after they are paid off.
Case description: Mr. Kang bought a house with a provident fund loan before marriage, but there are still 200,000 loans outstanding. Considering that his parents are old, he wants to use the provident fund loan to buy a house for the elderly in this community to take care of them nearby. But Mr. Kang was told in the house that he could not use provident fund loans, and he did not understand. My provident fund is paid normally, and my account has a balance. Why can't I use it?
Answer: Whether the provident fund loan can be used has nothing to do with the balance in the account, as long as it has been deposited for 12 months and the account is in the state of deposit when applying for the loan. However, since Mr. Kang had a record of provident fund loan before and the loan was not paid off, the provident fund loan could not be used again in this case. Mr. Kang can only use the provident fund loan under his current name again.
The withdrawal amount of the provident fund cannot exceed the rental or purchase amount.
Case description: Miss Tian, a native of Shandong, has been working in Beijing since graduation and has been sharing two bedrooms with friends. Miss Tian has to bear the rent of 1500 yuan every month, and the monthly rent expenditure makes Miss Tian feel obvious pressure. She saw on the internet that renting a house can also withdraw the provident fund, so Miss Tian thought about withdrawing the provident fund paid in recent years at one time, about 30,000 yuan.
A: The withdrawal amount of the provident fund cannot exceed the actual expenses. Miss Tian's annual rent expenditure is 1500* 12, that is, 17000 yuan, so the amount of her one-time withdrawal of provident fund cannot exceed 17000 yuan. In addition, when withdrawing the provident fund, you need to provide a rental invoice, and you need to go to the street office to issue an invoice, and go through the withdrawal procedures through the relevant departments of the unit.
The loan amount of Beijing provident fund cannot exceed the upper limit of 800,000.
Case description: Xiaocao took a fancy to an 80-square-meter house with a total price of 2 million yuan, which belongs to the first suite under Xiaocao's name and wants to use the provident fund loan. Xiaocao can get a loan of 1 more than 10,000 yuan according to the current policy of minimum down payment of 20% for the first suite under 90 square meters of Beijing provident fund. However, in the loan consultation, he was told that he could only borrow 800,000 yuan at most, and Xiaocao seemed at a loss.
A: There is a big difference between provident fund loans and commercial loans, that is, the loan amount cannot be calculated simply according to the real estate assessment value, but according to the borrower's income, deposit amount and deposit ratio, and it cannot exceed the maximum limit of 800,000 provident fund loans.
According to the calculation formula of the maximum loan amount of the municipal provident fund, the monthly income of the borrower's family (monthly income = the monthly contribution amount of the employee's individual housing provident fund ÷ the contribution ratio of the employee's housing provident fund) is deducted from the monthly living expenses of at least 400 yuan, and then divided by the monthly repayment amount per 10,000 yuan during the loan application period. The contribution amount of Xiaocao Provident Fund is 700 yuan, and the contribution ratio is 12%. 10000 yuan, the monthly repayment for 20 years is 64.35, so the maximum loan he can apply for is (700/12%-400)/64.35 = 84.43. However, due to the limit of 800,000 yuan for provident fund loans,
Parents' provident fund cannot be used by children.
Case description: Xiao Wu wants to borrow money to buy a small apartment four years after graduation. He wants to buy it with a provident fund loan, but the balance of the provident fund in his account is not much. He wants to borrow money from his parents' provident fund. I wonder if he can operate it.
Answer: Xiao Wucan can't use his parents' provident fund loan to buy a house, because the provident fund between parents and children can't be used with each other and can only be used between spouses. In addition, after buying a small house, parents' provident fund cannot be withdrawn.
Commercial loans cannot be converted into provident fund loans for the time being.
Case description: Mr. Li bought this house with a loan in 2007. Because the original unit did not pay the provident fund for employees, Mr. Li applied for a commercial loan at that time. Later, I changed my job, and the unit paid it the provident fund, which has been paid for two years now. Mr. Li feels that he is under great monthly pressure and wants to convert commercial loans into provident fund loans.
Answer: At present, Beijing does not support commercial loans to provident fund loans, which means that Mr. Li cannot transfer loans under his own name to provident fund loans. Because there is no refinancing service in the banking system, if Mr. Li wants to ease the pressure of monthly payment, he has two options: 1) Pay off the current loan and use the provident fund loan for a transaction; 2) Withdraw the balance of my provident fund account to reduce the repayment pressure.
Personal bad credit also affects provident fund loans.
Case description: Ms. Song works as a human resources consulting manager in a foreign company. In order to facilitate her daughter to go to middle school, she wants to buy a small house for her children near a middle school in Haidian District. However, her credit card has been overdue several times before, and I wonder if it will affect her loan application.
A: The personal credit record of the borrower should also be evaluated for provident fund loans. If the borrower's personal credit information is poor and there are overdue records for more than three times in a row, the provident fund management center may refuse to sign.
(The above answers were published on 20 16-0 1-06. Please refer to the actual situation for the current purchase policy. )
Click to view more real estate information.