The borrower's credit is good and there is no record of overdue repayment, which does not affect it. Because installment business is a normal function of credit cards, it is normal for borrowers to choose installment, not bad loan behavior.
When a borrower applies for a mortgage, the borrowing bank needs to review the borrower's personal credit records, bank running bills and other materials. If the borrower's personal credit information has a long-term overdue record or a bad loan record, then the bank will not approve the loan.
Housing loans mainly include the following:
1. Housing provident fund loan: For residents who have already paid the housing provident fund, low-interest housing provident fund loans should be the first choice when buying a house.
Housing provident fund loans have the nature of policy subsidies, and the loan interest rate is very low, which is not only lower than the loan interest rate of commercial banks in the same period (only half of the mortgage interest rate of commercial banks), but also lower than the deposit interest rate of commercial banks in the same period. In other words, there is a spread between the mortgage interest rate of the housing provident fund and the bank deposit interest rate. At the same time, when handling mortgage and insurance related procedures, the housing provident fund loan will be charged by half.
2. Personal housing commercial loans: The above two loan methods are limited to employees who have paid the housing provident fund, and there are many restrictions. Therefore, people who have not paid the housing provident fund have no chance to apply for loans, but they can apply for personal housing secured loans from commercial banks, that is, bank mortgage loans.
As long as your balance in the loan bank accounts for not less than 30% of the funds needed for house purchase, and it is used as the down payment, and the assets recognized by the loan bank are used as collateral or pledge, or the units or individuals with sufficient compensation ability are used as guarantors to repay the principal and interest of the loan and bear joint liability, then you can apply for using the bank mortgage loan.
3. Individual housing portfolio loans: The maximum amount of provident fund loans that can be issued by the housing provident fund management center is generally1-290,000 yuan. If the purchase price exceeds this limit, the insufficient part shall apply to the bank for commercial housing loans.
These two kinds of loans are collectively called portfolio loans. This business can be handled by the real estate credit department of the bank. The interest rate of portfolio loan is moderate, and the loan amount is large, which is more for the lender to choose.
According to the repayment formula of general mortgage loans, it can be divided into two types:
I. Calculation formula of equal principal and interest:
Calculation principle: from the beginning of monthly contribution, the bank collects the interest of the remaining principal first, and then the principal; The proportion of interest in monthly payment will decrease with the decrease of residual principal, and the proportion of principal in monthly payment will increase with the increase, but the total monthly payment will remain unchanged.
It should be pointed out that:
1, the maximum amount of urban provident fund loans should be combined with local conditions;
2. For residents who have borrowed money to buy a house but whose per capita area is lower than the local average, and then apply for buying a second set of ordinary self-occupied housing, the preferential policies for buying ordinary self-occupied housing with the first set of loans shall be implemented mutatis mutandis.
Second, the average capital calculation formula:
Monthly repayment amount = monthly principal+monthly principal and interest
Monthly principal = principal/repayment months
Monthly principal and interest = (principal-total accumulated repayment) x monthly interest rate
Calculation principle: the amount of principal returned every month is always the same, and the interest will decrease with the decrease of the remaining principal.
The credit card has no bad record, but the installment payment has not been paid off. Can I apply for provident fund loans?
Yes, a credit card is not a loan, and the lack of money will not affect the application for a provident fund loan. However, the cardholder's card use record will affect the application for provident fund loans. If bad credit is caused by using the card, the provident fund center is likely to refuse the application.
Conditions for applying for provident fund loans:
1, with permanent residence or valid residence status in the town where the application is made;
2. Have a relatively stable income, good credit and the ability to repay the principal and interest of the loan; ;
3. When the borrower and co-borrower apply for provident fund loans, they have paid the housing provident fund in full for more than 6 months (including 6 months) in accordance with the Measures for the Administration of Housing Provident Fund Deposit, and they have not used the housing provident fund in their accounts for this application for provident fund loans;
4, provident fund loans for the purchase of owner-occupied housing in this city, there must be a legitimate purchase contract or agreement;
5. There is a certain proportion of down payment for house purchase that meets the requirements; ;
6. Provide guarantees that meet the legal requirements.
7. If a single measuring rod is used for the construction, renovation and overhaul of a house, the upfront cost of 30% of the total cost of building construction, renovation and overhaul can be paid.
8. Building or rebuilding houses shall be based on the approval documents of the planning and land management departments;
9 overhaul housing, approved by the planning and management department;
10. It can provide effective guarantee recognized by the management center;
Other conditions stipulated by relevant laws, regulations and policies.
Provident fund loan process:
1. The borrower applies for a loan at the accepting bank.
2. The accepting outlets handle the property status inquiry under the family name on their behalf.
3. Accept the acceptance of outlets.
3. sign the contract.
4. recognition.
5. The real estate trading center shall go through the mortgage registration formalities.
6. Bank loans.
Can I get a provident fund loan with a credit loan? Don't think too simple!
Provident fund loans are loans with relatively low interest rates, and many people who have paid provident fund want to use provident fund loans. However, provident fund loans are also needed, and those who do not meet the conditions will be rejected. Someone borrowed a credit loan before the provident fund loan and didn't pay it back. They will ask whether they can get provident fund loans with credit loans. Let's briefly introduce it today.
Can I get a provident fund loan with a credit loan?
Many people think that it doesn't matter if the credit loan is not repaid. It's not overdue anyway. It has been paying back on time and has established a good credit record. It is reasonable to say that it will not affect provident fund loans, but will increase the pass rate of provident fund loans.
It does look like this, but provident fund loans are no different from other loans, and you have to pay the down payment with your own funds. In order to prevent consumer loans from flowing into the real estate market, the source of down payment will be strictly verified. For this reason, when approving provident fund loans, more attention will be paid to the credit loans previously handled, especially the new credit loans added in the first half of the loan. No matter whether it is overdue or not, it is necessary to pay off and issue a settlement certificate before issuing provident fund loans.
Also, if the number of credit loans is relatively large and more than three lending institutions open accounts, it shows that the applicant's economic strength is not strong and he does not have enough repayment ability. It is also not conducive to the approval of provident fund loans. It is best to pay off and get the settlement certificate before applying for the provident fund loan.
In short, the existence of credit loans has a certain impact on provident fund loans, so try to pay off credit loans six months before applying for provident fund loans, and do not apply for any loans or apply for credit cards during this period. On the contrary, people with credit cards can spend reasonably and repay on time without large installments.
Will non-repayment of credit cards affect housing provident fund loans?
If it is a China Merchants Bank credit card, it will have an impact. According to the regulations of the People's Bank of China, all card-issuing banks are required to upload customers' consumption and repayment records on a regular basis and cannot tamper with them. If we have used our credit card before, we will not make any bad comments on the use record, but only truthfully feedback the historical use record without any subjective judgment. The Regulations on the Administration of Credit Information Industry stipulates that the retention period of personal bad information by credit information agencies is 5 years from the date of termination of bad behavior or incident; More than 5 years, should be deleted. Relevant departments will generally give priority to recent consumption and repayment records when handling new business.
The introduction of credit card installment affecting provident fund loans ends here.