How to apply for provident fund loan for renovation of house

Provident fund loans refer to loans enjoyed by employees who have paid housing provident funds. According to national regulations, all employees who have paid housing provident funds can apply for provident fund loans in accordance with the relevant provisions of provident fund loans. Provident fund loans refer to the establishment of public housing funds for employees. It is a measure to implement the housing system reform in my country. The purpose is to jointly bear the burden of the state, collectives and individuals to solve the housing difficulties of employees

Provident fund loans refer to As for the loans enjoyed by employees who have paid housing provident funds, the state stipulates that all employees who have paid housing provident funds can apply for provident fund loans in accordance with the relevant provisions of provident fund loans. To explain in detail, provident fund loans are provided to employees who have a local urban permanent residence, have established a housing provident fund system for more than 2 years, and have paid housing provident funds as required. If they have insufficient funds to purchase and build a house or renovate or overhaul their own housing, they can enjoy a provident fund loan. The conditions for the loan are: the total provident fund deposited by the borrower and his family members reaches at least 30% of the expenditure on newly purchased (overhauled) housing; the borrower has stable economic income and the ability to repay principal and interest; the borrower agrees to apply for a housing mortgage Registration and insurance; provide a guarantee method agreed by the local housing fund management center and its branch center; and submit relevant documents required by the bank, such as house purchase contract or house pre-sale contract, house property ownership certificate, land use certificate, proof of provident fund deposit, etc. .

Application process

Submit information

When the borrower applies for a provident fund loan at the management department of the provident fund management center where he or she deposits the provident fund, he or she chooses the guarantee center to provide guarantee. , all materials required for personal loan application, including those required for guarantee application, should be submitted, including personal and spouse’s ID cards, household registers, marriage certificates, divorce certificates, proof of down payment for house purchase, house purchase contract, and housing provident fund deposit Proof etc.

Audit Notice

After the management department passes the preliminary review of the loan application, it will issue a "Guarantee Application Review Notice" and print out the "Loan Contract", "Mortgage (Counter Guarantee) Contract", etc. Relevant legal documents and submit all personal loan information to the guarantee center.

Approval

The Guarantee Center will review the guarantee application. If the borrower meets the guarantee conditions, the Guarantee Center will issue a "Guarantee Application Approval Opinion"; if the borrower entrusts an intermediary agency to handle the provident fund loan on its behalf, , the agency is responsible for the guarantee application procedures and collects the guarantee service fee. (Note: The intermediary agency must have the qualification certification of the Beijing Housing Provident Fund Management Center and sign a cooperation agreement with the guarantee center.)

Payment

The borrower shall apply for the guarantee in accordance with the approved "Guarantee" Apply for approval letter and pay the guarantee service fee. The Guarantee Center issues invoices for guarantee service fees, and stamps the official seal of the Guarantee Center on approved legal documents such as the Loan Contract, Mortgage (Counter Guarantee) Contract, and Collection Contract.

Transfer of Materials

The reviewed personal loan application materials (including the sealed contract) will be forwarded by the Guarantee Center to the Housing Provident Fund Management Department; if an intermediary is entrusted to handle the matter, the intermediary will Responsible for the transmission of the above information.

Sign the contract

The Housing Provident Fund Management Department supervises and guides the borrower applicants to sign on the "Loan Contract", "Mortgage (Counter Guarantee) Contract" and other relevant legal documents.

The establishment of the employee housing provident fund is a measure to implement the reform of the housing system in our country. The purpose is to jointly bear the burden of the state, collectives and individuals to solve the housing difficulties of employees. The housing provident fund refers to the long-term housing savings deposited by state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions and their employees. According to regulations, all employees who have contributed to provident funds have the right to enjoy such loans and can apply for provident fund loans in accordance with the relevant provisions of provident fund loans.

Approval Procedure

1. Basis for Approval

1. "Housing Provident Fund Management Regulations"

2. "XX City Housing Provident Fund Loans" Management Measures"

2. Scope of acceptance: Employees who normally pay the housing provident fund in our city purchase, build, renovate, or overhaul self-occupied ordinary houses within the city's area. Due to insufficient funds, they can apply to our center. Each affiliated institution applies for personal housing provident fund loans.

3. Application conditions Borrowers applying for loans should meet the following conditions:

1. Have a permanent residence in XX City or a valid residence certificate;

2. Paying and depositing the housing provident fund in full for more than 12 months continuously, or continuously paying and depositing the housing provident fund for more than 12 months after withdrawing the provident fund;

3. Purchase, build, renovate, and overhaul ordinary houses for self-occupation within the city's area (Excluding commercial and residential housing) and have relevant procedures, documents and the required proportion of self-raised funds delivered;

4. Have stable income, good credit, and the ability to repay the principal and interest of the loan; < /p>

5. Agree to provide guarantee in accordance with the guarantee method recognized by the Provident Fund Center;

6. Agree to perform repayment obligations on time in accordance with the relevant provisions of these Measures and the "Housing Provident Fund Loan Contract";< /p>

7. Other conditions stipulated by laws, regulations, rules and Provident Fund Center.

4. Application Materials The borrower shall provide the following materials when applying for a loan depending on the situation:

1. To purchase commercial housing or affordable housing, the "Commercial Housing (Economic Housing) Pre-Sale Contract" is required. 》And a down payment document of no less than 20% of the total house price;

2. For self-built, renovated, or overhauled self-occupied ordinary housing, planning and construction documents approved by the construction or real estate administrative department, land Certificate of use or original house property ownership certificate, construction contract and project budget or final accounts;

3. To purchase a second-hand house, you need to provide the "Real Estate Sales Contract" and the deed tax payment certificate;

4 . If the unit raises funds to build a house, it must provide the approval document for the fund-raising house construction, the payment receipt for the fund-raising house construction, and the agreement for the fund-raising house construction or purchase;

5. Valid identity certificates and marriage certificates of the borrower and his spouse , household registration certificate or valid residence certificate;

6. Collateral evaluation report issued by the real estate evaluation agency;

7. Guarantee certificate issued by the guarantor and valid identity certificate of the guarantor;

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8. Guarantee certificate issued by the real estate purchase guarantee company;

9. Other materials required by the Provident Fund Center.

5. Procedures

1. The borrower should obtain the Housing Provident Fund Loan Application Form from each branch of the Provident Fund Center and truthfully fill in the "Housing Provident Fund Loan Application Form", and attach relevant materials and submit it to the Provident Fund Center for review;

2. Each branch of the Provident Fund Center will review the authenticity of the borrower's purchase of a house and repayment ability, and propose a loan amount and period. If the applicant passes the preliminary review and the opinion is signed by the person in charge of the branch, the proposal will be submitted to the Municipal Provident Fund. Center for approval;

3. After review, the Municipal Provident Fund Center will make a decision to grant the loan or not, and transfer the loan materials back to each branch;

4. If the loan is approved, the Each branch of the provident fund center will transfer the loan materials to the trustee bank, and the trustee bank will notify the borrower and the mortgage guarantee parties, sign the "Housing Provident Fund Loan Contract", and handle the mortgage guarantee procedures; for those who do not meet the loan conditions, each branch will notify the borrower The applicant shall explain the reasons;

5. The trustee bank issues loans to the borrower.

6. Processing time limit

1. Acceptance review. The initial review time of the branch shall not exceed 2 working days from the date of acceptance of the loan application. If the batch size is large or there are other special circumstances, it may be extended by 3 working days;

2. Review and approval. The approval time of the Municipal Provident Fund Center shall not exceed 3 working days from the receipt of loan materials submitted by each branch.

7. Charging standards, no charge.

Edit the loan procedures in this paragraph

① Policy consultation

Employees who have paid housing provident funds can go to Shanghai Housing Guarantee Co., Ltd. (hereinafter referred to as the guarantee Company) consultation to understand the guaranteed loan objects, conditions and procedures, as well as the main loan guarantee amount, term and interest rate, etc. At the same time, you can check your housing provident fund payment status with your ID card and personal provident fund account number to determine whether you meet the loan guarantee conditions and the maximum limit and minimum period of loan guarantee. When a borrower applies for a loan, the guarantee company will provide the "Personal Housing Provident Fund Guaranteed Loan Application for House Purchase" for the borrower to fill out.

②Application Acceptance

If the loan applicant provides relevant information and meets the conditions for guaranteed loans after preliminary review by the guarantee company, the loan applicant shall submit the Guarantee Company's "Personal Housing Provident Fund Guarantee Loan Acceptance for House Purchase" Pay the fee according to the fee list, and sign the "Personal Housing Provident Fund Guaranteed Loan Contract for House Purchase".

③Seal of the real estate company

The borrower asks the real estate company to stamp the "Personal Housing Provident Fund Purchase Guaranteed Loan Contract", and the real estate company provides a periodic guarantee.

④Implement the repayment method

The borrower should go to the lending bank to apply for a repayment account with his/her ID card. If he already has a credit card, go to the bank to confirm the credit card repayment and sign an entrusted repayment agreement. protocol.

⑤Go through mortgage registration

The borrower applicant must go to the district or county real estate trading center where the house is purchased to handle the mortgage registration procedures with relevant information.

⑥Notify the bank to lend money

The borrower submits to the guarantee company the certificate of completion of the mortgage registration procedures and the "Personal Housing Provident Fund Purchase Guarantee Loan Contract" promised by all parties to the contract. Related information. After approval, the guarantee company will issue a "Loan Notice" to the lending bank to notify it of the loan.

⑦Collect personal information

After all procedures are completed, the guarantee company will notify the borrower to collect personal information.

Edit the maximum amount of this paragraph

Most cities have stipulated the maximum amount of a single housing provident fund loan. For example, the maximum amount of a single housing provident fund loan for an individual in Chengdu is 400,000 yuan; in Guangzhou The maximum amount of a municipal housing provident fund loan for an individual is 500,000 yuan, and the maximum amount for two or more applicants is 800,000 yuan.

Secondly, the housing provident fund loan limit shall not exceed 70% of the total house payment;

To apply for a provident fund loan, the monthly repayment/monthly income shall not exceed 50% (including: monthly Repayments include the sum of existing liabilities and monthly repayments of current liabilities).

Edit the amount and calculation method of this paragraph

The calculation of provident fund loans must be determined based on four conditions: loan repayment ability, house price ratio, housing provident fund account balance and loan maximum limit. The minimum value calculated from the four conditions is the maximum loan amount that the lender can lend.

1. The calculation formula is:

[(Borrower’s total monthly salary + Borrower’s monthly housing provident fund deposit amount) × Loan repayment ability coefficient – ??Borrower’s existing loan Total monthly repayment payable] × loan term (months).

If the spouse’s quota is used:

[(Total monthly salary of both spouses + Monthly housing provident fund payment amount of the employer where both spouses work) × Loan repayment ability coefficient - Existing monthly loan amount of both spouses Total amount to be repaid] × loan term (months).

The loan repayment ability coefficient is 40%

Total monthly salary = monthly provident fund payment ÷ (unit contribution ratio + individual contribution ratio).

2. The loan amount calculated based on the house price

The calculation formula is: loan amount = house price × loan ratio

The loan ratio is based on the purchase and construction Determine the different types of housing repairs and the number of housing loans:

a. Purchase commercial housing, limited-price commercial housing, targeted resettlement of affordable housing, targeted sales of affordable housing or private property housing.

Employee families (including employees, spouses and minor children, the same below) take loans to purchase their first homes (including commercial housing, limited-price commercial housing, targeted placement of affordable housing, targeted sales of affordable housing or private property housing), and the building area of ??the purchased house is less than 90 square meters (including 90 square meters), a down payment of no less than 20% of the purchase price of the house should be paid, and the loan amount shall not be higher than 80% of the purchase price of the house; If the building area of ??the purchased house exceeds 90 square meters, a down payment of no less than 30% of the purchased house price shall be paid, and the loan amount shall not exceed 70% of the purchased house price.

If an employee family takes out a loan to purchase a second home, they should pay a down payment of no less than 50% of the price of the house purchased, and the loan amount shall not exceed 50% of the price of the house purchased.

For employee families who take out loans to purchase their third or more homes, the issuance of personal housing provident fund loans will be suspended.

When purchasing a privately owned house, if the house price and the appraised price are inconsistent, the lower value of the two will be used to determine the amount.

When purchasing affordable housing for targeted resettlement, the loan amount should not be higher than the difference between the total price of the house purchased and the housing compensation.

b. When purchasing an existing public house, the loan amount shall not exceed 70% of the price of the purchased house; when constructing, renovating or overhauling a self-owned house, the loan amount shall not exceed 70% of the cost of building the house. %.

Edit the details of this paragraph

1. The maximum loan period for new house loans shall not exceed 30 years, and the maximum loan period for second-hand houses shall not exceed 20 years; the loan limit is 70% of the appraised value of the house; The loan interest rate is based on the loan interest rate for the same period and grade stipulated by the People's Bank of China, and the base annual interest rate is 5.94%.

2. House mortgage loan conditions: The age of the house should be within 20 years; the area of ??the house requires different banks; the house must have strong liquidity; generally, commercial houses, apartments, shops, and office buildings are required . Real estate mortgage loans generally need to be handled through professional real estate guarantee companies. Real estate mortgage loans have become an important means of personal real estate financing for residents. Funds are loaned through mortgage loans to meet temporary consumer needs or even business operating needs in order to revitalize Real estate held by residents, and among various financing channels, real estate mortgage loans are still one of the lowest-cost methods. According to data provided by Anjia World Bank Guarantee Co., Ltd., the country's first wholly foreign-owned real estate guarantee company, nearly 30% of real estate mortgage loans are used for repurchasing a house, and other uses with a higher proportion are: business purposes, car purchases, studying abroad and Immigration, renovation and purchase of major consumer goods. [1]

3. Loan application requirements

4. Real estate certificate

5. Identity cards of the obligee and spouse

6 . Household register of the obligee and spouse

7. Marriage certificate of the obligee (marriage certificate or unmarried certificate issued by the Civil Affairs Bureau)

8. Proof of income

9. If the owner of the property certificate has underage children, please provide the birth certificate

10. If there is a bank loan in the property, please provide the original loan contract and the last bank statement

11. In order to improve the loan approval rate, please provide as many other proofs of family property as possible (such as other property certificates, stocks, funds, cash passbooks, vehicle driving licenses, etc.)

12. Operation process

13. Borrower’s pre-loan consultation: I520II54378 Fill out the residential mortgage application form and submit the following supporting documents to the bank: the borrower’s fixed economic income certificate issued by the lender’s unit; the loan guarantor Credit certification documents such as business license and legal person certificate; legally valid identity certificate of the borrower; relevant housing ownership certificate that complies with legal provisions or proof that the person has the right to control the house; valuation report, appraisal certificate and insurance document of the mortgaged property; Contracts, agreements or other supporting documents for the purchase and construction of housing; other documents or materials required by the lending bank.

14. The bank will review the borrower’s loan application, house purchase contract, agreement and related materials.

15. The borrower shall hand over the title certificate and insurance policy or securities of the mortgaged property to the bank for collection.

16. The guarantors of both the borrower and the lender sign a housing mortgage loan contract and have it notarized.

17. After the loan contract is signed and notarized, the bank's deposits and loans from the borrower will be transferred to the house selling unit or building unit specified in the house purchase contract or agreement by transfer.

18. Loan settlement includes normal settlement and early settlement. ① Normal settlement: The loan is settled on the loan maturity date (one-time principal and interest payment type) or the last installment of the loan (installment type); ② Early settlement: Before the loan maturity date, if the borrower partially or To fully settle the loan, an application must be submitted to the bank in advance as stipulated in the loan contract. After approval by the bank, repayment must be made at the designated accounting counter. After the loan is settled, the borrower should use his or her valid identity document and the loan settlement certificate issued by the bank to receive the legal certificate and relevant supporting documents held by the bank, and go to the original mortgage registration department with the loan settlement certificate to handle the mortgage registration cancellation procedures. .

Edit the calculation formula of this paragraph

1. According to the actual contribution ratio

The sum of the monthly provident fund contributions of the borrower and his spouse ÷ the actual contribution Scale Proportion. No more than the loan limit determined based on the repayment ability of the borrower and his or her spouse.

2. According to loan repayment ability

{(Borrower’s total monthly salary + Borrower’s monthly housing provident fund deposit amount) × Loan repayment ability coefficient – ??Borrower’s existing loan Total monthly repayment payable} × loan term (months).

If you use the spouse's quota:

{(Total monthly salary of both spouses + Monthly housing provident fund payment amount of the employer where both spouses work) × Loan repayment ability coefficient - Existing monthly loan amount of both spouses Total amount to be repaid) × loan term (months).

The loan repayment ability coefficient is 40%

Total monthly salary = monthly provident fund payment ÷ (unit contribution ratio + individual contribution ratio).

3. Based on the house price

The calculation formula is: loan amount = house price × loan percentage

The loan percentage depends on the purchase, construction and repair of the house. Determine the type and number of housing loans:

a. Purchase of commercial housing, limited-price commercial housing, targeted resettlement of affordable housing, targeted sales of affordable housing or private property housing.

Employee families (including employees, spouses and minor children, the same below) take loans to purchase their first homes (including commercial housing, limited-price commercial housing, targeted placement of affordable housing, targeted sales of affordable housing or private property housing), and the building area of ??the purchased house is less than 90 square meters (including 90 square meters), a down payment of no less than 20% of the purchase price of the house should be paid, and the loan amount shall not be higher than 80% of the purchase price of the house; If the building area of ??the purchased house exceeds 90 square meters, a down payment of no less than 30% of the purchased house price shall be paid, and the loan amount shall not exceed 70% of the purchased house price.

If an employee family takes a loan to purchase a second home, they should pay a down payment of no less than 50% of the purchase price of the home, and the loan amount shall not be higher than 50% of the purchase price of the home.

For employee families who take out loans to purchase their third or more homes, the issuance of personal housing provident fund loans will be suspended.

When purchasing a privately owned house, if the house price and the appraised price are inconsistent, the lower value of the two will be used to determine the amount.

When purchasing affordable housing for targeted resettlement, the loan amount should not be higher than the difference between the total price of the house purchased and the housing compensation.

b. When purchasing an existing public house, the loan amount shall not exceed 70% of the price of the purchased house; when constructing, renovating or overhauling a self-owned house, the loan amount shall not exceed 70% of the cost of building the house. %.

4. According to the account balance

If an employee applies for a housing provident fund loan, the loan amount shall not be higher than the balance of the employee’s housing provident fund account when applying for a loan (while using the spouse’s housing provident fund to apply for a provident fund loan, it is 10 times the sum of the housing provident fund account balances of the employee and his spouse). If the housing provident fund account balance is less than 20,000, it will be calculated as 20,000.