Credit cards will not affect provident fund loans. As long as the credit card is repaid on time every month and is not overdue, it will not affect provident fund loans. But lenders should also be careful not to apply for too many credit cards.

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Things to note when applying for a provident fund loan

1. Do not use your provident fund before applying for a loan: If you plan to buy a house, you still need to use your provident fund loan. , the family should not withdraw the provident fund in advance. If the borrower withdraws the provident fund balance before the loan is used to pay for the house, the provident fund balance on your provident fund account will be zero, and your provident fund loan limit will also be zero, which means that you will not be able to apply for a provident fund loan. . 2. Prepare loan information: Loan is a complicated process, and home buyers need to provide the bank with a lot of information. Provident fund loan procedures are complicated. In order to save loan approval time and ensure smooth loan access, borrowers should prepare loan information as required before taking a loan. If you are not sure what information you need to prepare, you can go to the local provident fund management for consultation.

3. Don’t lose the loan contract and IOU: When applying for a loan, you need to sign many documents, especially the loan contract and IOU, which must be kept. When applying for a mortgage loan, the loan contract and IOU signed between the bank and you are important legal documents. Since the loan term can be up to 30 years, as a borrower, you should keep your contract and IOU properly

4. If the provident fund loan is not settled, the provident fund cannot be used to purchase a house. Provident fund loan: There are clear regulations that in When the loan has not been repaid, you are not allowed to apply for a loan again. Whether it is a provident fund loan before or after marriage, if one of the spouses has applied for a provident fund loan, there will be a corresponding record on the provident fund center system. Before the last loan is repaid, the couple can no longer use the provident fund loan to purchase Second suite. Only when the provident fund loan for the first house has been paid off, the couple can use the provident fund loan to buy a house again.

5. Do not repay in advance within the first year of borrowing: Sometimes the purpose of buying a house with a loan is to alleviate the problem of capital turnover. Provident fund loans also have regulations for early repayment. Generally speaking, if you take In the form of a provident fund loan, if you want to repay early, you should apply after one year of repayment, and the repayment amount should exceed the 6-month repayment amount. The borrower should deposit the full amount of the monthly repayment into the repayment account before the monthly repayment date as stipulated in the loan contract. Be careful not to overdue the loan.