The provident fund loan does not require all credit cards to be paid off, as long as there are no large arrears. If there are large arrears, just pay off the large amount, but not other smaller parts. Too many influences. If your credit card debt is too high, it may be considered as using a credit card to pay the down payment, which may lead to your mortgage being rejected.

Several necessary conditions for provident fund loans

1. First check whether you have a provident fund account

This can be seen in the usual salary details, depending on the unit Whether it has been paid for you, as long as you pay it, you will have an account. You can also log on to the website of the local provident fund center to check.

2. Application

As long as you have a provident fund account, you must have made regular and full deposits for more than 6 months or accumulated provident fund deposits for more than one year before the month you apply for a loan, and Only those who are still paying provident fund are eligible to apply for a loan. The purpose of this regulation is mainly to prevent job instability and unstable income, thereby controlling post-loan risks. Therefore, if your job changes frequently, you must check whether your provident fund meets these two conditions. Of course, the regulations are different in some places. You can consult the local provident fund center for specific details.

3. You cannot apply if you have an unpaid loan

If either spouse has an unpaid provident fund loan, you will no longer be eligible for a housing provident fund loan;

4. Check your credit report

If you have an unpaid loan with a large amount or a stain on your credit report, you will not be eligible for a housing provident fund loan;

5. Age limit

The sum of the borrower's age and the loan period must be less than 70 years old. For example, if you are 40 years old now and you apply for a loan for 30 years, then the Provident Fund Management Center will not will approve;

6. Sign a house purchase contract first

Before taking a loan, a commercial housing sales contract must be signed.

Process of provident fund loan

1. When the borrower applies for a provident fund loan at the management department of the provident fund management center where the provident fund is deposited, and chooses the guarantee center to provide guarantee, the borrower should submit documents including the guarantee. All the materials required for personal loan application, including personal and spouse’s ID cards, household registers, marriage certificates, divorce certificates, house purchase down payment certificates, house purchase contracts, housing provident fund payment certificates, etc.

2. After the management department passes the preliminary review of the loan application, it will issue a "Guarantee Application Review Notice", print out the "Loan Contract", "Mortgage (Counter Guarantee) Contract" and other relevant legal documents, and transfer all individual loan Submit the information to the Guarantee Center.

3. The guarantee center will review the guarantee application. If the borrower meets the guarantee conditions, the guarantee center will issue a "Guarantee Application Approval Opinion"; if the borrower entrusts an intermediary agency to handle the provident fund loan, the guarantee application procedures will be handled by the agency. The agency is responsible for acting as an agent and collecting guarantee service fees. (Note: The agency agency must have the qualification certification of the Beijing Housing Provident Fund Management Center and sign a cooperation agreement with the guarantee center)

4. The borrower pays the guarantee based on the approved "Guarantee Application Approval Opinion" Service fee. The Guarantee Center issues invoices for guarantee service fees, and stamps the official seal of the Guarantee Center on approved legal documents such as the Loan Contract, Mortgage (Counter Guarantee) Contract, and Collection Contract.

5. The reviewed personal loan application materials (including the stamped contract) will be forwarded by the Guarantee Center to the Housing Provident Fund Management Department; if an intermediary is entrusted to handle the application, the intermediary will be responsible for the transmission of the above information.