What are the requirements for provident fund loans?
1, with xx permanent residence or valid residence certificate.
2. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who have not participated in the housing provident fund system cannot apply for housing provident fund loans.
3. Those who participate in the housing provident fund system must also meet the following conditions when applying for housing provident fund personal housing loans: that is, the time for continuous full deposit of housing provident fund before applying for loans is not less than 6 months, and some cities stipulate that it should not be less than 12 months.
4. Purchase, build, renovate and overhaul self-occupied ordinary houses (excluding commercial and residential dual-use houses) within the municipal area of xx, and have relevant procedures, certificates and self-raised funds that have been delivered according to the prescribed proportion.
5. Have full capacity for civil conduct, have a stable occupation and income, have the ability to repay the principal and interest of the loan, and have good credit.
6. There are no outstanding housing provident fund loans. In addition, it should be noted that one spouse has applied for a housing provident fund loan, and neither spouse can obtain a housing provident fund loan until the principal and interest of the loan are paid off.
7. Not reaching the statutory retirement age (if it is otherwise stipulated by the state that it can be extended, it shall be implemented according to its provisions, but the maximum age shall not exceed 65 years).
8 provident fund loans shall not exceed 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.
These are the conditions and requirements of provident fund loans, and in real life, provident fund loans in different places are more common. For off-site loans, while meeting the above conditions, it depends on whether the off-site loan agreement for provident fund has been signed between the place where the provident fund is deposited and the place where the house is purchased.
What are the restrictions on provident fund loans?
1, loan amount: Although you can buy a house by loan now, the bank loan is not as much as you think. The most obvious disadvantage of provident fund loans is the loan amount. Every city has a maximum loan limit, and the maximum amount applied by individuals and couples is different. The minimum amount is only 400,000 to 500,000. For big cities with high housing prices, a house needs at least 35 million yuan, which is not enough. This is also one of the important reasons why many people leave the provident fund with low interest rate to apply for commercial loans.
2. Withdrawal limit: Some friends think that the provident fund loan amount is low, so it is better to take it out directly. However, I did not expect that the withdrawal amount of the provident fund is also limited. There are many ways to withdraw the provident fund. Take the rental extraction method as an example. If you can provide the rental contract and Beijing rental invoice, you can withdraw it once every quarter, and the monthly withdrawal amount cannot exceed the monthly deposit amount or monthly rent of my housing provident fund. If you can't provide an invoice, you can only withdraw 1500 yuan once a month and once a quarter.
3. Time limit for deposit: A friend has paid the provident fund, but he can only give up the provident fund loan when buying a house, probably because the time for deposit of the provident fund does not meet the requirements. In most cities, the requirements for the deposit time of provident fund are: when applying for a loan, the borrower has continuously paid the provident fund in full for more than 6 months (inclusive), and the provident fund account is in the state of deposit, and the representative cities are Beijing and Shanghai. There are also cities that still require a continuous deposit of 12 months or more to obtain loans, such as Tianjin and Changsha. This is not very friendly for buyers who have just entered the workplace or paid money in the middle.
4. Time limit for lending: This is the main reason why many new property developers refuse to use provident fund loans. Depending on the city, some applications can be completed within one month, and some have to wait for several months. It is precisely because of the long waiting period and the slow withdrawal of funds that many developers and sellers are reluctant to accept property buyers with provident fund loans, which is very unfavorable to property buyers.
5. Troublesome procedures for off-site loans: the deposit and use of the provident fund are restricted by geographical areas, and there are few cities that support off-site loans of the provident fund. At present, most cities only support provincial provident fund loans in different places, and few cities support nationwide provident fund loans in different places, with no household registration restrictions. Cities that support cross-provincial provident fund loans in different places are even more clear. Therefore, it is not suitable for people who often change their living cities to use provident fund loans.