Shanghai buy housing provident fund loan conditions

What are the conditions for a housing fund loan

In the case of funds are not very sufficient, many people choose to buy a house in the form of a loan, which housing fund loans due to the lower interest rate of the loan is welcomed by the people. However, the housing fund loan is not everyone can, is to meet certain conditions can be. So what are the housing fund loan conditions? What should we pay attention to when we take out a loan? Next we come to understand the specifics of the housing fund loan.

Housing fund loan conditions:

1. Housing fund loan is the first thing to have to participate in the qualification, that is to say, participated in the housing fund system of the workers have the qualification to apply for housing fund. The state stipulates that those who do not participate in contributing to the provident fund are not eligible to apply for a provident fund.

2. We all know that provident fund loans are a kind of housing protection from the state, but if someone in the applicant's family has already applied for a housing fund loan, he or she can't apply for another provident fund loan until the loan is settled. And the maximum number of CPF loans is no more than 2, so if you've already taken out two loans, your 3rd application won't be approved.

3. Another important point in the conditions for a CPF loan is the repayment ability of the borrower. The applicant for a CPF loan must have a stable financial income and loan repayment ability, so the borrower is not allowed to have other large amounts of debt in the body, which is also to ensure that the applicant can normally repay the loan on time.

4. In addition, provident fund loans also limit the duration of the loan, the maximum loan time can not exceed 30 years, if it is a combination of loans, then the time of the commercial loan and the time of the provident fund loan is the same.

5. One of the things to note is that the CPF is a kind of housing protection given to us by the government, and its most important role is to enable everyone to have a house to live in, and it is to protect people's immediate needs, so CPF loans must be earmarked for specific purposes, that is to say, CPF loans can only be used to buy a house, but not for other purposes. If once discovered, the provident fund management center will take certain measures in this case.

6. Those who apply for the loan should have contributed to the provident fund for no less than 6 months before the loan application, and there can be no suspension of contributions, otherwise it means that the applicant's income is not too stable, and the loan is not very easy to pass. If there is a break in contribution in the middle, then it is possible to make up the CPF contributions in no more than 3 times in 1 year, and after making up the contributions successfully, you can apply again.

The use of housing fund loans although there are some restrictions, but the provident fund loans are much cheaper than commercial loans, so most people still preferred provident fund loans, so how do you get a loan from the housing fund?

1. The lender carries the required information to the housing fund center to apply for a loan, the required information for the loan includes personal and spousal ID card, household registration, marriage certificate, proof of down payment for the purchase of a house, the contract of purchase of a house, the provident fund according to the certificate of deposit, etc. The lender also carries the required information to the housing fund center to apply for a loan.

2. After receiving the application, the housing management center will conduct a preliminary review of these application materials, if all aspects of the applicant meet the loan conditions, then the provident fund center will issue a "notice of review of the guarantee application", "loan contract" and "mortgage (counter-guarantee) contract" and other documents, and then these materials will be transferred to the guarantee center.

3. The Guarantee Center will review the submitted documents, and if it passes the review, it will issue a "Guarantee Application Approval Opinion".

4. The applicant will pay a guarantee service fee after the guarantee center has reviewed and approved the application. If the applicant entrusts a third party to handle the provident fund loan, the third party will have to handle the guarantee procedures and pay the guarantee service fee on behalf of the applicant. After paying the fee, the guarantee center will issue an invoice for the service fee, stamp the previously submitted documents with an official seal, and then re-transfer the applicant's loan documents to the Housing Provident Fund Management Center.

5. After paying the relevant fees, the lender can go to the housing management center to sign the contract with the documents stamped by the guarantee center. After receiving the applicant's CPF loan documents, the CPF management center will complete the data verification work as well as the transfer of funds within five working days.

6. The contractor bank will credit the funds allocated by the CPF center to the account designated by the lender within 1-2 working days after receiving the funds allocated by the CPF center.

Overall, the housing fund loan is not just any loan, because the provident fund is the state of our housing security, through the state, collective, individual tripartite **** with the same commitment to solve the residents of the housing difficulties, so in the application of the need to meet certain conditions can be. The above is my answer to the housing fund loan conditions, I hope to help you.

What are the conditions required for a CPF loan to buy a house

The CPF loan to buy a house needs to meet the following conditions:

1, the borrower is the individual in the "CPF center" normal contribution to the housing fund;

2, the borrower The borrower purchases affordable housing approved by the lender;

3. The borrower has a permanent residence in town or a valid residence status; has a stable occupation and income, and has the ability to repay the principal and interest of the loan;

4. The borrower has a contract for the purchase of the housing unit or the relevant documents;

5. The borrower agrees to mortgage the property listed in the Housing Sales Contract signed between the developer and the borrower, giving the lender a preferential mortgage right to the lender. The borrower agrees to mortgage the properties listed under the Housing Sales Contract to the lender, giving the lender a priority mortgage right and the right to be paid as a guarantee for the repayment of the principal and interest;

6. The borrower has the ability to pay not less than 30% of the funds required for the purchase of the house; and any other conditions stipulated by the lender.

When an employee withdraws the stored balance in the housing fund account, the unit shall verify and issue a certificate of withdrawal.

The employee shall apply to the housing fund management center with the withdrawal certificate to withdraw the housing fund. The housing fund management center shall, within 3 days from the date of acceptance of the application, make a decision to allow or disallow the withdrawal, and notify the applicant; allowed to withdraw, by the commissioned bank for payment procedures.

What are the conditions required for a CPF loan

The CPF loan is now a major trend in the new situation, the CPF loan interest rate is lower than the interest rate of the commercial loan for most of the buyers, apply for a CPF loan is the first choice of everyone to buy a house loan. So how do you get a loan to buy a house with a provident fund?

One, in the application for housing fund loans must first meet the following conditions

(1) with the city's permanent residence or other valid residence status, while fully capable of civil behavior.

(2) The signing of a legally valid purchase contract or agreement, and the payment of the first installment of the purchase price in accordance with the prescribed percentage.

(3) The ability to repay the loan principal and interest on time and a stable occupation and income.

(4) Full payment of housing provident fund for 6 months on a monthly basis in order to apply for a loan.

(5) Individuals are creditworthy.

(6) There are no other debts of a large amount that can affect the repayment of the loan.

(7) No more than 50% of the monthly income of the family monthly expenditure to repay the individual housing provident fund loans, including all types of housing loans to be applied for, the monthly income of the family after deducting the monthly loan repayment expenditure is not less than the city's minimum standard of living standards.

(8) Other conditions in accordance with national laws and regulations.

Second, for housing public envy mountain envisioning the information required for the loan and only chain process:

(1) to the local housing provident fund management center office window to fill out the "housing provident fund loan application approval form" 3 copies.

(2)3 copies of the borrower's and spouse's hukou, ID card, original marriage certificate, and 3 copies of the original certificate of singleness and divorce certificate issued by the civil affairs department for single residents.

(3) housing development unit of the "completion and acceptance certificate", "business license" copy, "commercial real estate sales license", "commercial real estate pre-sale license" (period house), the original and copy of the big house certificate of the cavity pat 3 copies. Or other legally valid purchase contract original and copy 3 copies.

(4) mortgaged or pledged security of the housing need to provide collateral or pledge the right of ownership of the original and copy 3, and the right to dispose of the person agreed to the original written proof of credit (pledge) and copy 3.

(5) Guarantee of security requires the guarantor to issue three copies of the original written commitment to provide security. And provide the guarantor has the ability to guarantee the proof (including credit rating certificate, business license, qualification rating certificate, financial statements for the past three years) 3 copies.

(6) the borrower has paid the price of the house purchased above the prescribed percentage of down payment documents (bank statements, invoices, cash deposit slips, receipts, etc.) original and three copies.

What are the conditions required for a loan with a provident fund

Conditions for a loan with a provident fund:

1, application for a loan with a provident fund should be in the provident fund center has been a continuous and normal contribution to the housing provident fund for more than 6 months (including), personal and unit housing provident fund account status is in a normal state, the social security and provident fund contributions to the same unit. The social security and provident fund contributing units are the same.

2. A natural person with full capacity for civil behavior and not exceeding the legal retirement age stipulated by the state, and contributing to the housing provident fund at the Housing Provident Fund Management Center.

3. Employees with urban permanent residence or valid proof of residence.

4, have a contract or agreement to purchase housing, and the amount of the down payment is not less than 20% of the value of the housing purchased;

5, have a more stable occupation and economic income, have the appropriate loan repayment ability, good personal credit;

What are the circumstances that are prohibited from applying for a provident fund loan

1, have an unsettled provident fund loan;

2, the third time (including) more than the use of provident fund loans;

3, the purchased housing is the family name (including minor children) the third and commercial housing;

4, the purchase of the spouse, children, their parents or parents of the spouse housing;

5, divorced within two years of the purchase and sale of housing between the employee and the original spouse;

6, the purchased housing Property rights **** someone other than the spouse and minor children.

Provident fund loan purposes:

1, used to repay the loan, that is, in the normal provident fund loan to buy a house in the use of the housing provident fund has been withdrawn for the purchase of the down payment and improvement of self-occupation of housing, such as purchasing the commercial property sold for second-hand housing, you can use the provident fund loan to buy a second set of housing.

2. Commercial loans are used for loan repayment, i.e., they are issued with the borrower*** during normal trading.

6. Able to provide a form of guarantee approved by the Housing Provident Fund Management Center.

What are the conditions for buying a house with a CPF loan

CPF loans need to be at least 18 years old to buy a house. They also need to have a record of participating in the local social security. The exact time varies from city to city.

1.What are the requirements for a housing fund loan to buy a house:

1. Be at least 18 years old and have full capacity for civil behavior.

2. Is to participate in the housing fund system, on time and in full payment of housing fund for more than six months (including) urban workers. The housing provident fund account in the month of application is also in normal contribution status.

3. Have a permanent residence or valid residence status in the local area.

4. You have never had a housing fund loan in your name or the loan has been settled (if you have taken out two housing fund loans, you cannot apply for a housing fund loan, regardless of whether the loan has been paid off or not).

5. Have a stable and legal source of income, the ability to repay the loan principal and interest on schedule, and provide bank water of at least not less than twice the monthly mortgage repayment.

6. Have no less than 30% of the total price of the house purchased self-financing as a down payment for the purchase.

7. Have good personal credit, no bad records or serious negative information in the credit report (mainly reviewing the credit information of the customer in the past two years)