What are the conditions to have a provident fund loan

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. Applicants for CPF loans 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 be normal on time repayment of loans.

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 the success of making up the contributions, 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 spouse's ID card, household registration, marriage certificate, proof of down payment for the purchase of a house, the contract of purchase of a house, and 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 the review passes, 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 needed to apply for a housing fund loan

If you apply for an individual housing fund loan from the Bank of China in Shenzhen, you are required to have the following basic conditions:

1, the applicant and the applicant involved in the calculation of the amount of the loan available for a housing fund loan *** with the applicant in the city before the month of application on a continuous basis on time The applicant and the *** same applicant have paid housing provident fund in full and on time in the city for 6 months before the month of application, and the application is in normal payment status;

2. The applicant and the *** same applicant have not taken out any provident fund loan or have repaid all the provident fund loans in the city; if the applicant's parent is the *** same applicant, both of his/her parents should have not taken out any provident fund loan or have repaid all the provident fund loans in the city;

3. The applicant's The sum of the applicant's age at the time of loan application and the term of the loan does not exceed 70 years;

4. The applicant and the ****same applicant involved in the calculation of the loanable amount of the provident fund loan have the ability to repay the principal and interest of the loan and have a good credit standing;

5. The applicant has made the down payment of the purchase of the property as required;

6. The applicant agrees to provide a guarantee that meets the requirements of these regulations;

< p>7. The loan application meets the requirements of the national, provincial and municipal real estate market management policies;

8. Other conditions stipulated by the Provident Fund Management Committee are met.

Because of the differences in the policies and requirements of the housing fund management centers of different places for individual housing fund loans, you need to consult the CPF loan business outlets or consult the local CPF management center.

The above content is for your reference, please refer to the actual business regulations.

What are the conditions to be fulfilled to apply for a housing provident fund loan

If you apply for a personal housing provident fund loan from the Bank of China in Shenzhen, you need to have the following basic conditions:

1, the applicant and the applicant who is involved in the calculation of the amount of credit available for the provident fund loan*** the same as the applicant in the city before the month in which the application is made on a continuous basis, on time and in full. The applicant and the *** same applicant have paid housing provident fund in full and on time in the city for 6 months before the month of application, and the application is in normal payment status;

2. The applicant and the *** same applicant have not taken out any provident fund loan or have repaid all the provident fund loans in the city; if the applicant's parent is the *** same applicant, both of his/her parents should have not taken out any provident fund loan or have repaid all the provident fund loans in the city;

3. The applicant's The sum of the applicant's age at the time of loan application and the loan period does not exceed 70 years;

4. The applicant's application for early repayment of part or all of the original commercial housing mortgage loan has been approved by the bank of the original commercial housing mortgage loan;

5. The applicant and the ****same applicant who participates in the calculation of the amount of the loan available for the commercial to public loan have the ability to repay the principal and interest of the loan, and the original commercial housing loan application There is no record of overdue loans in the six months prior to the month in question, and the applicant meets the creditworthiness standards set by the Provident Fund Center;

6. The applicant agrees to provide a guarantee that meets the requirements of these regulations;

7. The loan application meets the requirements of the real estate market management policies of the State, the Province, and the City;

8. The applicant meets the other conditions stipulated by the Provident Fund Management Committee.

Because of the differences in the policies and requirements of the housing fund management centers of different places for individual housing fund loans, you need to consult the CPF loan business outlets or consult the local CPF management center.

The above content is for your reference, please refer to the actual business regulations.

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 center of the provident fund has been a continuous and normal contribution to the housing fund for more than 6 months (including), the status of the account of the individual and the unit of housing fund is in a normal state, the social security and the provident fund contributions to the unit is the same. 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 requirements for a CPF loan

1, have a valid hukou or residence permit for the location;

2, the user has been making regular housing fund payments for six consecutive months before applying for a CPF loan;

3, have the paperwork and contracts for purchasing, renting, or refurbishing a home;

4, the applicant's down payment for the home should be the same as that of the borrower during normal transactions.

4, the applicant's down payment should be more than 30% or 20% of the total purchase price of the house;

5, the lender and guarantor must be at least 18 years old, and has the ability of full civil behavior, has a good personal credit, income is relatively stable.

How to buy a house with a CPF loan

1, loan counseling: CPF borrowers can first go to the designated bank for relevant counseling to understand, and then you can start to prepare for the borrowing matters, and receive CPF application;

2, submit an application, wait for the audit: borrowers will be a variety of purchase contracts, identity documents and other information submitted to the lending bank; and then bank

3, approval through the signing of the contract: the bank to review the borrower's data information, to determine that the loan can be issued, it will notify the borrower to the bank to sign the relevant lending contract;

4, the contract is fair, the house mortgage: the borrower and the bank signed a good contract, the house will be mortgaged to the bank, and do the relevant formalities;

5, house insurance: the bank will also be the mortgage of the house to the bank, and do the relevant formalities;

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6, on-time repayment: the borrower from the next month of the loan will have to repay the principal and interest in accordance with the borrowing period;

7, write off the mortgage: wait until the borrower to the loan is fully repaid, in accordance with the legal procedures to go through the procedures for the cancellation of the mortgage of the house.

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