If you choose a provident fund loan, what are the procedures? The editor has compiled the most complete process of Changzhou provident fund loans, including loan conditions, loan interest rates, repayment methods, etc.
1. Loan conditions
Housing provident fund loan recipients must meet the following conditions at the same time:
1. A natural person who is over 18 years old and has full capacity for civil conduct.
2. The housing provident fund remittance is normal when applying for a loan. Extrapolating forward, the individual has paid and deposited the housing provident fund continuously for 6 months, and the first remittance has been for 6 months. The first remittance is based on the capital account. The accounting date shall prevail (the requirements for continuous provident fund deposits may be appropriately relaxed for leading innovative and entrepreneurial talents introduced by our city).
3. Be able to provide valid proof of purchasing, building, or overhauling a self-occupied house.
4. Have stable income, good credit, and the ability to repay the principal and interest of the loan on time.
5. Apply for guarantee in accordance with the guarantee method approved by the Provident Fund Center.
6. There are no outstanding housing provident fund loans.
7. Meet other conditions stipulated by the Provident Fund Center.
2. Loan term and interest rate
1. Loan term
The loan term plus the actual age of the main borrower shall not exceed 65 years old, but the maximum loan term shall not exceed 65 years old. More than 30 years and shall not exceed the remaining useful life of the land.
2. Loan interest rate
The loan interest rate for the first time you apply for a housing provident fund loan shall be based on the interest rate standards announced by the People's Bank of China. The loan interest rate for the second application for a housing provident fund loan rose to 1.1 times the interest rate for the first application during the same period.
If the legal interest rate is adjusted from the date the loan contract is signed to the repayment of the loan, new interest rate regulations will be implemented according to the corresponding interest rate grade from January 1 of the following year, and the monthly loan repayment will be adjusted. Forehead.
3. Loan limit
The loan limit should meet the following four conditions at the same time:
1. The loan limit shall not exceed the maximum limit determined by the Changzhou Housing Provident Fund Management Committee. Loan amount.
Two or more of the borrowers (houseowners who are over 18 years old and have full capacity for civil conduct, the owner of the house and their spouse are all borrowers, the same below) If you meet the loan conditions, the maximum loan limit is 600,000 yuan; if only one person meets the loan conditions, the maximum loan limit is 300,000 yuan.
2. The loan amount shall not exceed a certain multiple of the sum of the borrower’s housing provident fund storage balances.
(1) The loan amount generally does not exceed 10 times the sum of the borrower’s housing provident fund storage balance. If the borrowers other than the main borrower meet the loan conditions, their housing provident fund storage balances can be combined and calculated (subject to the time of loan application).
(2) If the borrower has no record of housing provident fund withdrawal or loan, the loan limit can be relaxed to 20 times the sum of the housing provident fund storage balance.
(3) Appropriately relax the housing provident fund storage balance requirements for specific qualified objects: ① When applying for a housing provident fund loan to purchase a home, two or more of the borrowers meet the loan conditions, and both If there is no record of housing provident fund withdrawal or loan, the loan limit can be relaxed to 360,000 yuan; if only one person meets the loan conditions and there is no record of housing provident fund withdrawal or loan, the loan limit can be relaxed to 180,000 yuan. ② For Changzhou City’s leading innovative and entrepreneurial talents identified by the Municipal Talent Leading Group Office, who have paid and deposited housing provident funds normally in Changzhou City, and the borrowers have no records of housing provident fund withdrawals and loans, the loan limit can be relaxed to 600,000 yuan. ③ If the spouse of an active military member meets the loan conditions (extrapolating back to 6 consecutive months of continuous remittance), when applying for a housing provident fund loan, if the borrower has no housing provident fund withdrawal or loan record, the loan limit can be relaxed to 600,000 yuan.
3. The loan amount shall not exceed a certain proportion of the actual price payable for the purchase, construction, or overhaul of a self-occupied house.
(1) When a borrower applies for a housing provident fund loan, the down payment ratio shall not be less than 20% of the actual house purchase price, and the loan amount shall not exceed 80% of the actual house purchase price.
(2) If you apply for a housing provident fund loan to purchase a second-hand house, the lowest value among the existing house sales contract, deed tax payment form and property evaluation report shall be the actual price payable.
4. The loan amount does not exceed the borrower’s actual repayment ability.
The monthly loan repayment amount generally does not exceed 50% of the borrower's total monthly income.
IV. Loan procedures
1. Pre-loan consultation
The borrower should call the housing provident fund customer service number, check the website of the provident fund center of our city, or go to the provident fund center service window Conduct pre-loan consultation; when you need to apply for a portfolio loan, you should consult the trustee bank for specific requirements and related forms for commercial loans.
2. Loan application
The borrower must prepare relevant materials and go to the Provident Fund Center to apply for a loan together.
3. Monthly loan repayment application
Borrowers can simultaneously apply for monthly housing provident fund loan repayment when applying for a loan.
4. Commercial loan application
Borrowers who need to apply for a combination loan should go to the trustee bank to apply for a commercial loan with the housing provident fund loan certification materials and the materials required for applying for a commercial loan (application for a pure provident fund loan then skip this step).
5. Apply for guarantee
After the provident fund center and the trustee bank have passed the loan approval, the borrower can go to the guarantee company with relevant materials to apply for guarantee procedures. When going through the guarantee procedures for second-hand and existing house loans, the original house ownership certificate and the original land use right certificate are required.
Housing provident fund loans (including combination loans) adopt two methods: guarantee guarantee and pledge guarantee of Changzhou Housing Guarantee Replacement Co., Ltd.
6. Loan disbursement
After the guarantee company agrees to guarantee, the Provident Fund Center will notify the trustee bank to transfer the loan funds to the designated collection account.
7. On-time repayment
The trustee bank will deduct the repayment amount of the month from the borrower's agreed personal account on the 15th of every month (or postponed if it is a holiday).
8. Loan settlement
The trustee bank will issue a repayment certificate, and the borrower will go to the guarantee company to cancel the guarantee and go through the registration procedures for canceling the mortgage of the housing provident fund loan.
5. Loan repayment
1. Housing provident fund loans have two repayment methods: equal principal and interest and equal principal. The borrower can choose the repayment method according to his personal income, but once Determination cannot be changed throughout the repayment period.
(1) The equal principal and interest repayment method means that the borrower repays the loan principal and interest in equal amounts every month during the loan period, which is a balanced repayment method. The equal principal and interest repayment method has a relatively balanced loan repayment pressure during the loan period, and is more suitable for borrowers who are short of funds in the early stage of loan repayment.
(2) The equal principal repayment method is that the borrower repays the loan principal in equal installments every month during the loan period, and at the same time repays the loan interest for the month. The loan interest decreases month by month, which is a type of declining repayment. Way. The repayment pressure of the equal principal repayment method decreases year by year with the repayment time, which is more suitable for borrowers with higher income at the time of the loan.
2. Starting from the next month when the loan is issued, the trustee bank will deduct the loan principal and interest from the borrower's repayment account on a monthly basis. If the loan is overdue due to insufficient funds in the repayment account, the borrower shall pay overdue interest as required and bear liability for breach of contract.
3. During the loan period, with the consent of all parties signing the loan contract, the borrower can repay the loan in advance or partially in advance. After partial prepayment of the loan, the loan interest rate will remain unchanged.
The repayment amount for each partial early loan repayment shall not be less than 10,000 yuan. After partial prepayment of the loan, there are three loan repayment methods for the borrower to choose from: ① The monthly repayment amount remains unchanged and the loan period is shortened; ② The monthly repayment amount is reduced and the loan period remains unchanged; ③ The monthly repayment amount is increased and the loan period is shortened .
VI. Notes
1. Stop issuing loans to applicants who apply for housing provident fund loans for the third time or above.
2. When purchasing commercial housing, the borrower shall apply for a loan within two months from the date of signing the purchase contract after signing the purchase contract and paying no less than the specified down payment ratio.
When purchasing second-hand housing or current public housing, the borrower should submit a loan application within two months after completing the housing transaction procedures and paying the housing deed tax (subject to the date of the deed tax payment certificate). If a house is to be constructed or overhauled, the borrower shall submit a loan application within one year after the date of the approval document for the construction or overhaul of the house.
3. When applying for a loan, you should fully consider your own repayment ability and choose an appropriate trustee bank, loan amount, term and repayment method. Generally, no changes should be made after confirmation.
4. During the loan period, the borrower's housing provident fund can only be used for monthly loan repayments, partial transfer in advance to repay the loan, and one-time transfer to pay off the housing provident fund loan, and cannot be withdrawn in other forms.
5. For the convenience of borrowers, our city implements one-stop service when handling housing provident fund loans. On-site approval and on-site guarantee procedures are required. All borrowers must be present to sign at the same time.
6. After an employee applies for a provident fund loan, if the employee fails to complete the guarantee, mortgage, pledge and other related loan procedures within two months, the applicant will be deemed to have voluntarily withdrawn the loan application.
7. The borrower should truthfully provide personal information and relevant loan application materials to the provident fund center, guarantee company and trustee bank. If there is any concealment or untruth, the Provident Fund Center has the right to suspend the applicant's qualifications to apply for housing provident fund loans within one to three years.
8. For the same house purchase, the total provident fund withdrawn by the house buyer and his immediate family members plus the provident fund loan amount shall not exceed the actual total purchase price. The total price of commercial housing shall be based on the purchase contract, and the total price of second-hand housing shall be based on the lowest of the contract price, deed tax-paid unit price and appraisal price.
9. For existing housing transaction funds to be supervised, the borrower should apply for a loan after applying for the fund supervision deposit certificate, and the fund supervision bank should be consistent with the lending bank. After the transfer registration and mortgage registration of the existing housing are completed, the provident fund loan will be transferred to the capital supervision account.
Note 1. House owners and house owners who are over 18 years old and have full capacity for civil conduct and their spouses are all borrowers. 2. To apply for provident fund loans for self-construction or overhaul of self-occupied housing, valid materials such as approval documents for self-construction or overhaul of self-occupied housing, budget estimates, land use rights certificates and mortgage property certificates should be provided; when applying for provident fund loans for purchase If you currently live in public housing, you should provide valid materials such as the approval form for the sale of public housing or the sales contract for the sale of privately owned housing.
Address and consultation telephone number
Tianning Office of the Municipal Provident Fund Center: No. 21 Yanling Middle Road (fourth floor of the Municipal Real Estate Market)
Customer service telephone number: 12329
New Taipei Office of Municipal Provident Fund Center: No. 298, Jinling North Road (east entrance of Tianan New City Garden)
Customer service hotline: 12329
(The above answers were published on 2016-01-11, the current relevant house purchase policies shall be subject to actual conditions)
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