Compared with commercial loans, the interest rate of provident fund loans is lower, and the monthly repayment pressure can be much smaller. At present, Wuhan has opened the business of transferring commercial loans to provident fund loans. What conditions do you need to meet if you want to transfer commercial loans to public loans? The specific regulations, let's take a look.
Conditions for transferring commercial loans to provident fund loans
1. The original commercial loan bank agreed to transfer commercial loans to provident fund loans, and at the same time, the houses purchased by the original commercial loans have been processed with immovable property certificates, and they are willing to use their own funds to settle the difference between the original commercial loans and the loans transferred to provident fund.
2. Citizens' original commercial loans should be repaid normally for 12 months or more, and the balance of the original commercial loans should be settled in advance, with the original commercial loan housing as mortgage guarantee.
3. Meet the credit auditing standards.
What materials should be provided for commercial loans?
1. Legal and valid identity certificates and marriage certificates of the borrower and the property owner;
2. Housing provident fund savings card;
3. Commercial loan contract;
4. The house ownership certificate and the state-owned land use right certificate of the purchased house. If the loan is used to pay the loan, the original copy must be provided. If the loan is used after repayment, a copy confirmed by the bank can be provided.
5. Bank card or current passbook used to repay commercial loans;
6. Other materials required by the relevant provisions of the housing provident fund personal loan.
Treatment process
1. The borrower should first go to the bank that handles commercial loans and ask about the relevant matters of transferring commercial loans to public loans, such as the relevant policies and procedures of transferring commercial loans to provident fund loans. At this time, the bank staff will guide the borrower to fill in the Personal Housing Provident Fund Loan Folder correctly and completely, and at the same time require the borrower to submit relevant information.
2. The entrusted bank accepts the loan application and conducts the preliminary examination, and reviews the authenticity, completeness and validity of the materials submitted by the borrower and the standardization of document filling to ensure the authenticity and validity of the applicant's signature on various documents. In addition, when accepting the loan application, the bank staff should interview the borrower according to the policy of the management center.
3. If the borrower turns to the provident fund loan and passes the preliminary examination, the bank staff will inform him to go through the guarantee formalities with the guarantee company with relevant information.
4. The borrower signs the loan contract and mortgage contract with the loan bank with the staged letter of guarantee issued by the guarantee company, and at the same time supplements the difference funds transferred to the provident fund loan to the bank savings repayment account agreed in the original commercial loan.
5. The bank staff will input the borrower's mortgage guarantee information into the housing provident fund information management system, including the borrower's collateral, guarantee, pre-stored difference funds and other information.
6. The bank conducts review and final review.
7. After the final judgment is passed, the entrusted bank will release the loan funds according to the loan notice of the management center, transfer the loan funds transferred to the provident fund and the pre-stored difference funds into the original commercial loan account, settle the original commercial loan, and notify the borrower in time.
8. The loan bank shall, within 7 working days after the loan is issued, cooperate with the guarantee company to handle the cancellation of the original commercial loan mortgage registration with the real estate management department, and handle the transferred provident fund loan mortgage registration procedures.
What are the loan conditions of Wuhan first-hand housing provident fund? Must see before buying a house!
Provident fund loan is a common mortgage method. As long as you meet the requirements of the local provident fund center, you can apply for a provident fund loan with very low interest. The conditions of provident fund loans in different regions are different. Today, I would like to introduce the application conditions of Wuhan first-hand housing provident fund.
I. Application conditions
1. The borrower holds legal identity documents and has full capacity for civil conduct;
2. The borrower and his spouse have good credit records and meet the credit review standards for provident fund loans;
3 have a stable economic income and the ability to repay the principal and interest of provident fund loans on time;
4. There is a real purchase behavior, and the purchase behavior generally occurs within one year except for the housing commercial loan to the provident fund loan; The ownership of the purchased house is clear, the procedures are legal and complete, and there is no law;
5. There are no outstanding provident fund loans;
6. Agree to mortgage the purchased house by means of loan, or provide guarantee by means recognized by the provident fund center such as government bonds, bank time deposit certificates and securities.
Second, the application materials
1. The original and photocopy of the ID card and household registration book of both husband and wife of the borrower;
2. The original and photocopy of the proof of marital status (singles need to sign the declaration of singles);
3. The original and photocopy of the house purchase contract filed by the real estate department, and the down payment receipt of not less than 20% of the total house price;
4. Other supporting materials required by the loan bank or provident fund center.
Third, the application process
Loan consultation → application submission → loan acceptance → bank preliminary examination → contract signing → bank audit → final examination of provident fund center → bank mortgage registration.
What are the requirements for housing provident fund loans in Wuhan?
(1) prerequisites for applying for provident fund loan
In Wuhan Housing Provident Fund Management Center and its sub-centers (hereinafter referred to as the "Management Center"), employees who have paid the housing provident fund in full and normally for 6 months or more can apply for provident fund loans or portfolio loans when purchasing owner-occupied housing.
(2) the amount and proportion of first-hand housing provident fund loans
1. If the first-hand housing provident fund loan is used to purchase the first house, the maximum loan amount is 600,000 yuan, and the following conditions are met:
① The loan amount shall not exceed 70% of the total price of the house purchased (80% may be relaxed if the building area is less than 90 square meters);
② If the borrower pays the housing provident fund unilaterally and normally, the loan amount generally does not exceed 50% of the total price of the house purchased, but if the monthly deposit amount of the provident fund reaches 1400 yuan (the specific amount is subject to the data published by the management center), it can be relaxed to not exceed the proportion specified in the first paragraph above on the basis of considering its repayment ability.
2. If you use the first-hand housing provident fund loan to buy two houses, the maximum loan amount is 500,000 yuan, and the maximum loan amount does not exceed 40% of the total house price.
1, housing provident fund loans refer to housing mortgage loans issued by local housing provident fund management centers to on-the-job employees who paid housing provident fund and retired employees who paid housing provident fund during their employment. Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions and their employees. The housing provident fund paid by employees and the housing provident fund paid for employees by the unit where employees work are personal savings stored by employees in accordance with the regulations for housing consumption expenditures, which belong to individual employees. When an employee retires, the balance of principal and interest is paid in one lump sum and returned to the employee himself.
2. The bank shall notify the applicant to handle the loan formalities according to the examination and approval results of the provident fund center. The borrower and his wife sign a loan contract and related contracts or agreements with the bank, and send the loan contract and other procedures to the provident fund center for review. After the approval of the provident fund center, the entrusted funds will be allocated, and the entrusted bank will issue loans in full and on time according to the loan contract.
3. Buying a house with a provident fund mortgage loan, the bank's repayment method will be more flexible than buying a house with a commercial loan. The borrower can determine the monthly repayment amount by himself, provided that the monthly repayment amount is not lower than the minimum repayment amount stipulated by the bank. In this way, the borrower can make a reasonable and feasible repayment plan according to his own economic strength, which is convenient for the borrower to arrange his monthly economic expenditure. For prepayment of provident fund mortgage loan, the borrower can repay part or all of the loan principal and interest in advance without paying any liquidated damages.
Wuhan commercial loan to provident fund loan conditions! Meet these six rules!
There are many different ways to buy a house by loan now. When buying a house, choose a bank commercial loan. If you meet the requirements, you will have the opportunity to transfer to a provident fund loan, saving a lot of interest. So how do commercial loans turn into provident fund loans? Today, take Wuhan as an example to introduce what conditions must be met.
I. Application Conditions for Converting Commercial Loans into Provident Fund Loans
1. The borrower holds legal identity documents and has full capacity for civil conduct;
2. The borrower and his spouse have good credit records and meet the credit review standards for provident fund loans;
3 have a stable economic income and the ability to repay the principal and interest of provident fund loans on time;
4. There is a real purchase behavior, and the purchase behavior generally occurs within one year, except for housing commercial loans to provident fund loans; The ownership of the purchased house is clear, the procedures are legal and complete, and there is no law;
5. There are no outstanding provident fund loans;
6. Agree to mortgage the purchased house with loans, or provide guarantees in the form recognized by the provident fund center, such as government bonds, bank time deposit certificates, securities, etc.
Two, commercial loans to provident fund loan application materials
1. The original and photocopy of the ID card and household registration book of both husband and wife of the borrower;
2. Original and photocopy of marital status certificate (single person needs to sign the declaration of single person);
3. The original and photocopy of the house ownership certificate, state-owned land use certificate or immovable property certificate of the house purchased by the original commercial loan;
4. The original loan mortgage contract of the original commercial loan and a copy of the commodity (economic) house sales contract or the stock house sales contract;
5. "Housing Appraisal Report" issued by a housing appraisal institution recognized by the Provident Fund Center (second-hand housing business loans are transferred to provident fund loans);
6. The notarial certificate of house property right is issued by the person who agrees to * * * mortgage * * * repayment;
7 other supporting materials required by the provident fund center and the loan bank.
How to apply for housing provident fund loans in Wuhan requires the following conditions.
Employees who have continuously paid the housing provident fund in full for 6 months or more in Wuhan can apply for provident fund loans or portfolio loans when purchasing self-occupied housing.
hypothesis
1. The borrower holds legal identity documents and has full capacity for civil conduct;
2. The borrower and his spouse have good credit records and meet the auditing standards for provident fund loans;
3 have a stable economic income and the ability to repay the principal and interest of provident fund loans on time;
4. There is a real purchase behavior, and the purchase behavior generally occurs within one year, except for housing commercial loans to housing provident fund loans; The ownership of the purchased house is clear, the procedures are legal and complete, and there is no law;
5. There are no outstanding provident fund loans;
6. Agree to mortgage the purchased houses with loans, or provide guarantees in the form recognized by the management center, such as government bonds, bank deposit certificates, securities, etc.
Loan process
A first-hand house/apartment
The first step is loan consultation.
The loan applicant consults with the bank entrusted by the management center about the loan, receives the "Personal Housing Provident Fund Loan Folder for First-hand Houses", fills it out as required, and submits it to the entrusted bank together with the following materials:
Submit application
1. The original and photocopy of the ID card and household registration book of both husband and wife of the borrower;
2. Original and photocopy of marital status certificate (single certificate issued by the civil affairs department);
3. The original and photocopy of the house purchase contract filed by the real estate department, and the down payment receipt of not less than 20% of the total house price;
4. Other supporting materials required by the lending bank.
The third step, loan acceptance, bank preliminary examination.
1. The entrusted bank shall interview the loan applicant and review the application materials submitted by him;
2. Query and print the Personal Credit Report of the borrower and spouse, and review the personal credit situation and mortgage situation of both husband and wife;
3. The entrusted bank conducts "family housing information inquiry" for the loan applicant through the real estate department;
4. For borrowers who meet the loan conditions, the entrusted bank conducts a preliminary examination before lending in the provident fund system, and determines the loan amount, term, interest rate and repayment method through consultation with the borrower according to the preliminary examination results and repayment ability;
5. The entrusted bank conducts preliminary examination in the provident fund system. If the preliminary examination fails, the borrower shall be notified in time and the reasons shall be informed.
The fourth step is to sign the contract
After the first trial of the loan is passed, the entrusted bank will personally sign a loan (mortgage) contract with the loan applicant and the purchaser, and fill in the relevant loan information such as real estate mortgage registration.
The fifth step is mortgage registration and bank audit.
The entrusted bank shall go to the real estate mortgage registration department for housing mortgage registration;
The entrusted bank shall review the full set of information of the loan applicant.
Step 6: Final audit of the management center and loan issuance.
The management center shall conduct a final review of the loan materials approved by the entrusted bank. After the final approval, the management center will directly transfer the loan funds to the account of the selling unit through the entrusted bank.
second-hand house
The first step is loan consultation.
The loan applicant consults the entrusted bank about the loan. After interviewing the borrower and the seller, the entrusted bank will issue the Folder of Personal Housing Provident Fund Loan for Second-hand Houses to the eligible borrowers in the preliminary examination, fill in it as required, and submit it to the entrusted bank together with the following materials:
Submit application
1. Original and photocopy of ID cards and household registration books of the Borrower and the Seller;
2. Original and photocopy of marital status certificate (single certificate issued by the civil affairs department);
3. The original and photocopy of the real estate license and state-owned land use certificate under the name of the seller;
4. Property right of the house * * * A written document that someone agrees to sell the house to ensure that the property right of the house is clear and the transaction is legal;
5. Wuhan Stock House Sales Contract (signed by the bank);
6. The housing appraisal report issued by the housing appraisal institution recognized by the management center;
7. Other certification materials required by the management center and the entrusted bank.
The third step, loan acceptance, bank preliminary examination.
1. The entrusted bank shall interview the loan applicant and review the application materials submitted by him;
2. Query and print the Personal Credit Report of the borrower and spouse, and review the personal credit situation and mortgage situation of both husband and wife;
3. The entrusted bank conducts "family housing information inquiry" for the loan applicant through the real estate department;
4. For borrowers who meet the loan conditions, the entrusted bank conducts a preliminary examination before lending in the provident fund system, and determines the loan amount, term, interest rate and repayment method through consultation with the borrower according to the preliminary examination results and repayment ability;
5. The entrusted bank conducts preliminary examination in the provident fund system. If the preliminary examination fails, the borrower shall be notified in time and the reasons shall be informed.
The fourth step is to sign the contract
After the first trial of the loan is passed, the entrusted bank will personally sign a loan (mortgage) contract with the loan applicant and the purchaser, and fill in the relevant loan information such as real estate mortgage registration.
Step 5: Transaction Transfer
The buyer and the seller go to the real estate bureau to handle the transfer procedures of the "two certificates" transaction.
Mortgage registration and bank review
The entrusted bank or borrower shall go through the mortgage registration formalities at the Real Estate Bureau and receive the "Property Ownership Certificate"; The entrusted bank shall review the full set of information of the loan applicant.
Step 7 Final audit and loan issuance of the management center
The management center shall conduct a final review of the loan materials approved by the entrusted bank. After the management center passes the final audit, the loan funds will be directly transferred to the seller's deposit account through the entrusted bank.
Note: In order to shorten the loan issuance period, the borrower may also choose to entrust a guarantee institution designated by the management center to provide phased guarantee. After the transaction is transferred, the borrower will be given a loan with two certificates and a phased guarantee, and then the guarantee company will go through the mortgage registration and other later procedures.
Commercial loans to public loans.
The first step is loan consultation.
The loan applicant negotiates with the original commercial loan bank, obtains the personal housing provident fund loan folder, fills it out as required, and submits it to the original commercial loan bank together with the following materials:
Submit application
1. Original and photocopy of ID cards and household registration books of the Borrower and the Seller;
2. Original and photocopy of marital status certificate (single certificate issued by the civil affairs department);
3. The original and photocopy of the house ownership certificate and state-owned land use certificate of the house purchased by the original commercial loan;
4. The original loan mortgage contract of the original commercial loan and a copy of the commodity (economic) house sales contract or the stock house sales contract.
5. The "Housing Appraisal Report" issued by the housing appraisal agency recognized by the management center (second-hand housing business loans are converted into provident fund loans);
6. The property right of the house is notarized by someone who agrees to mortgage;
7. Other certification materials required by the management center and the entrusted bank.
Accept a loan
1. The entrusted bank shall interview the loan applicant and review the application materials submitted by him;
2. Query and print the Personal Credit Report of the borrower and spouse, and review the personal credit situation and mortgage situation of both husband and wife;
3. The entrusted bank conducts "family housing information inquiry" for the loan applicant through the real estate department;
4. For borrowers who meet the loan conditions, the entrusted bank conducts a preliminary examination before lending in the provident fund system, and determines the loan amount, term, interest rate and repayment method through consultation with the borrower according to the preliminary examination results and repayment ability;
5. The entrusted bank conducts preliminary examination in the provident fund system. If the preliminary examination fails, the borrower shall be notified in time and the reasons shall be informed.
The fourth step is to sign the contract
The loan applicant signs a loan (mortgage) contract with the original commercial loan bank; At the same time, under the guidance of the bank, sign a guarantee contract with the guarantee company designated by the management center.
Step 5: Deposit in advance
The loan applicant will deposit the difference between the original commercial loan balance and the refinancing into a special deposit account opened by the refinancing bank, and settle the original commercial loan in advance with its own funds.
Step 6: Loan
When the management center issues loan funds, the loan bank notifies the loan borrower to settle the original commercial loan with the provident fund loan funds and the borrower's pre-stored funds.
Step 7: Apply for a mortgage.
The guarantee company will handle the cancellation procedures of the original commercial loan mortgage on its behalf, and complete the mortgage registration procedures of the loan transferred to the provident fund (this procedure will be handled by the guarantee company).
Loan materials
Materials required for the first-hand housing provident fund loan:
1. The original and photocopy of the ID card and household registration book of both husband and wife of the borrower;
2. Original and photocopy of marital status certificate (single certificate issued by the civil affairs department);
3. The original and photocopy of the house purchase contract filed by the real estate department, and the down payment receipt of not less than 20% of the total house price;
4. Other supporting materials required by the lending bank.
Materials required for second-hand housing provident fund loan:
1. Original and photocopy of ID cards and household registration books of the Borrower and the Seller;
2. Original and photocopy of marital status certificate (single certificate issued by the civil affairs department);
3. The original and photocopy of the real estate license and state-owned land use certificate under the name of the seller;
4. Property right of the house * * * A written document that someone agrees to sell the house to ensure that the property right of the house is clear and the transaction is legal;
5. Wuhan Stock House Sales Contract (signed by the bank);
6. The housing appraisal report issued by the housing appraisal institution recognized by the management center;
7. Other certification materials required by the management center and the entrusted bank.
Materials required for transferring commercial loans to public loans:
1. Original and photocopy of ID cards and household registration books of the Borrower and the Seller;
2. Original and photocopy of marital status certificate (single certificate issued by the civil affairs department);
3. The original and photocopy of the house ownership certificate and state-owned land use certificate of the house purchased by the original commercial loan;
4. The original loan mortgage contract of the original commercial loan and a copy of the commodity (economic) house sales contract or the stock house sales contract.
5. The "Housing Appraisal Report" issued by the housing appraisal agency recognized by the management center (second-hand housing business loans are converted into provident fund loans);
6. The property right of the house is notarized by someone who agrees to mortgage;
7. Other certification materials required by the management center and the entrusted bank.
Quotas and interest rates
New policy: The maximum loan amount for the first suite of Wuhan Housing Provident Fund is raised to 700,000 yuan, and the maximum loan amount for the second suite is 500,000 yuan.
loan limit
The maximum loan amount is 700,000 yuan.
Note: The maximum loan amount for the first suite is raised to 700,000 yuan, and the maximum loan amount for the second suite is 500,000 yuan.
Loan ratio
The loan ratio shall not exceed 70% of the total price of the purchased house.
deadline
The longest term of the first-hand housing provident fund loan is 30 years, and the longest term of the second-hand housing provident fund loan is 30 years. The loan period from commercial loans to provident fund shall not exceed the remaining years of commercial loans, and the borrower's age plus the loan period shall not exceed the specified years (male employees shall not exceed 60 years of age and female employees shall not exceed 55 years of age, among which, women with county-level senior titles shall not exceed 60 years of age, including 60 years of age).
Supplementary explanation of the loan amount calculation formula:
1, not higher than the loan amount determined according to the loan repayment ability.
Loan amount = (the sum of the borrower's monthly provident fund deposit amount/unit and individual deposit ratio; Monthly contribution of spouse's provident fund/sum of contribution ratio of unit and individual) ×45%× 12 months× loan period;
2. Not higher than the loan amount comprehensively determined according to the deposit time and deposit balance of the provident fund.
Loan amount = (the difference between the borrower's provident fund deposit and the spouse's provident fund deposit) ×20 times× deposit time coefficient. Provident fund deposit account must be a normal deposit account.
loan rate
The current housing provident fund loan period is 1-5 years, with an annual interest rate of 2.75%, and the loan period is 6-30 years, with an annual interest rate of 3.25%; The interest rate of the second application for provident fund loan is 1. 1 times the interest rate of provident fund loan in the same period.
If the interest rate is adjusted by the state during the loan period, the interest rate will not be adjusted in the year when the provident fund loan has been issued, and the specific adjustment time is 1 month 1 next year.
pay back
Normal repayment:
1. According to the stipulations in the Secured Loan Contract, the borrower shall deposit the full repayment amount of principal and interest before the contract deduction date, and the entrusted bank shall deduct the amount on a monthly basis.
2. In case of weekends and legal holidays, the deduction date will be postponed to the next working day.
Advance payment:
1. If the borrower needs to repay the loan in advance during the loan period, he/she shall apply to the entrusted bank with his/her identity certificate and loan guarantee contract, and the loan bank of the Economic Commission shall go through the relevant formalities after examination.
2. On the day of formalities, the borrower shall deposit the prepayment deduction amount into the agreed deduction account.
3. loans overdue and the secured loan contract stipulate that prepayment cannot be made on the deduction date and the end of the month.
For other social security provident fund issues, please consult SK5275.
The introduction of Wuhan provident fund loan materials ends here.