What is the provident fund loan policy? What are the requirements for housing provident fund loans?

Housing accumulation fund is a housing savings system established by the state and employers for employees. Eligible employees can apply for housing provident fund loans for the purchase, construction and decoration of housing. The following is a detailed explanation of the provident fund loan policy and handling conditions for you.

1, provident fund loan policy:

(1) Loan amount: The maximum amount shall not exceed 80% of the total house purchase price or the balance of personal account, and it may be increased to 90% under some special circumstances.

(2) Interest rate: the market interest rate is implemented, which is currently 3.25% (the current benchmark interest rate on February 25, 20265438 +0).

(3) Repayment period: up to 30 years, depending on the borrower's age, loan amount and other specific circumstances.

(4) Repayment method: equal principal and interest and average capital are optional.

(5) Application conditions: See below for details.

2. Conditions for handling housing provident fund loans:

(1) Personal conditions: the housing accumulation fund has been paid for a certain number of years, and there is no loan record or good loan record; The age requirement is over 22 years old, the repayment period of 60 years old is not more than 10 years, and the age of 55 years is not more than 15 years, which is not more than the upper limit of provident fund deposit.

(2) Housing conditions: the nature, type, use and area of the house to be purchased, constructed and renovated conform to the national and local policies and regulations on purchase restriction and price limit; The property right of the house is clear, and there is no mortgage or no mortgage registration.

(3) Application process: apply to the unit where the provident fund is located, submit relevant materials, and be approved by the bank.

It should be noted that those who are rejected in applying for a loan can check their credit status in the credit check of Primary Seven before applying for a loan. If the credit is not good, they have to wait for a period of time, and then apply when the credit risk score is not high and the stain is almost gone, which will make it easier to pass.

In a word, housing provident fund loan is a convenient way to buy a house, but you need to know the policy and your own conditions carefully before applying to avoid wasting time and energy.