Can I apply for provident fund loans with a credit card?
Credit cards are not easy to affect provident fund loans, as long as they repay the loans on time every month, and _ loans overdue is not easy to affect provident fund loans. However, lenders should also be careful not to apply for too many credit cards.
provident fund loans refer to loans enjoyed by employees who have paid housing provident fund. According to the national regulations, all employees who have paid the provident fund can apply for provident fund loans according to the relevant provisions of provident fund loans.
employees who have paid the housing provident fund for a certain period according to regulations (the period varies from city to city, for example, it is more than 12 months in Changsha) can apply for provident fund loans when the funds for purchasing, building, renovating or overhauling their own houses are insufficient.
loan introduction
provident fund loan refers to individual housing provident fund loan, which is a mortgage loan issued by housing provident fund management centers in various places, using the housing provident fund paid by employees who apply for provident fund loans, and entrusting commercial banks to housing provident fund depositors who purchase, build, renovate or overhaul their own houses and retired employees who pay housing provident fund during their working life.
employees who have paid the housing provident fund for a certain period according to regulations (the period varies from city to city, for example, it is more than 12 months in Changsha) can apply for provident fund loans when the funds for purchasing, building, renovating or overhauling their own houses are insufficient.
The loan conditions are as follows: the employees in the unit have signed labor contracts for more than three years (or signed one-year labor contracts for three consecutive years); Normal continuous monthly housing provident fund deposit for more than a certain period of time; Not exceeding the statutory retirement age; The borrower has a stable economic income and the ability to repay the principal and interest; The borrower agrees to handle housing mortgage registration and insurance;
provide the guarantee method agreed by the local housing fund management center and its sub-centers; At the same time, submit relevant documents required by the bank, such as purchase contract or house pre-sale contract, house property certificate, land use certificate, proof of deposit of provident fund, etc.
loan amount
provident fund loan interest rate (3) Most cities have stipulated the maximum amount of a single housing provident fund loan. For example, the maximum amount of a single housing provident fund loan in Chengdu is 6, yuan; The maximum amount of housing provident fund loans in Guangzhou is 5, yuan for individuals and 8, yuan for two or more applicants.
Secondly, the maximum loan amount of housing provident fund shall not exceed 7% of the total house payment;
to apply for provident fund loan, the monthly repayment/monthly income should be no more than 5% (in which: monthly repayment includes the sum of monthly repayment of existing liabilities and current liabilities). The loan period of housing provident fund is 1-3 years, and shall not be longer than the time when the borrower is away from the statutory retirement age; Employees approaching retirement age may appropriately relax the loan period for 1-3 years on the basis of considering their loan repayment ability.
Do I have to pay off my credit card for housing provident fund loans?
Applying for provident fund loans is not about paying off my credit card. As long as the cardholder repays the money on time and uses it normally, there is no need to pay it off. However, it should be noted that credit cards should not have excessive debt lines and overdue records, otherwise it will affect the handling of provident fund loans.
You don't need to pay off your credit card when you buy a house with a provident fund loan, mainly because no bank stipulates that you must pay off the credit card debt before you apply for a mortgage. However, some banks will calculate the credit card debt as a liability when calculating the mortgage approval amount, so the mortgage amount will be reduced.
therefore, if the amount owed by the credit card is large, it is best to pay back the credit card first and then apply for a mortgage. In addition, it is best not to use the minimum repayment for the three-phase credit card bill before handling the mortgage, because the minimum repayment indicates that the cardholder's repayment ability is not very strong, so the bank will doubt whether it can repay on time when approving the mortgage. Credit card repayment with the minimum repayment amount does not affect personal credit. As long as it is repaid on time in each period, the bank will have a higher credit rating. Because even if the repayment is made on time, the bank interest will be paid. As long as there is no overdue, there will be no bad record and the loan will not be affected, so there is no need to borrow again to pay off the credit card debt.
Extended information:
Matters needing attention in buying a house with provident fund loans
1. Do not use the provident fund before applying for a loan
If you have used the provident fund in your account before applying for a provident fund loan, your loan amount may be zero, which means that you may not be able to apply for a provident fund loan.
2. Loan term
Generally speaking, the longest loan term using provident fund loans is 3 years (which varies according to the lender's conditions, housing conditions and local regulations).
3. Don't prepay the loan within the first year
If you want to prepay the loan during the repayment, the application for partial repayment should be made after one year of repayment, and the amount you return should exceed the repayment amount of six months.
4. Repayment on time
After successfully handling the provident fund loan, the lender should deposit the due amount of the current month into the repayment account in full before the repayment date of each month, and at the same time, the borrower should ensure that the balance in the repayment card (passbook) is enough to repay the monthly loan payment of the current month, so as not to cause loans overdue due to the insufficient balance of the card (passbook).
Can the credit card be used for provident fund loans?
If the credit card is not paid off, as long as the outstanding amount does not excessively increase the personal debt ratio, the user can submit an application for provident fund loans on the premise of meeting the conditions of provident fund loans, and the outstanding amount of the credit card will not affect the audit results of provident fund loans. For users, the existence of certain liabilities will not affect the subsequent application for loans, as long as the debt ratio is within the controllable range.
1. Provident fund loans refer to loans enjoyed by employees who have paid housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans. In 212, some cities relaxed the conditions of provident fund loans, and the upper limit of housing provident fund loans will be raised from 2, yuan to 3, yuan from June 1, 212 in 9 counties of Linyi City, Shandong Province. In October 214, the Ministry of Housing and Urban-Rural Development, the Ministry of Finance and the People's Bank of China issued a document, including relaxing the conditions of provident fund loans, promoting loans in different places, reducing intermediate fees, canceling housing provident fund personal housing loan insurance, notarization, new house evaluation and compulsory institutional guarantee, and reducing the burden on loan workers. Among them, employees who have paid for 6 months can apply for provident fund loans (currently 12 months).
second, provident fund loans refer to individual housing provident fund loans, which are housing mortgage loans granted by local housing provident fund management centers to the housing provident fund depositors who purchase, build, renovate or overhaul their own houses and the retired employees who paid the housing provident fund during their employment. In accordance with the provisions, employees who have paid the housing provident fund for a certain period of time or more (the period varies from city to city, such as Changsha for more than 12 months) may apply for provident fund loans when the funds for the purchase, construction, renovation and overhaul of their own houses are insufficient. In February 212, the bank confirmed that credit cards are safer without passwords, and if they are stolen, they will share the responsibility with the bank. Enjoy an interest-free period of 25-56 days (or 2-5 days). Credit card consumption enjoys an interest-free period, and the bill amount will be paid off before the due repayment date, and no expenses will be incurred. There is no interest-free repayment period for cash withdrawal, and five ten thousandths of daily interest will be charged from the day of cash withdrawal, and the bank will also charge a certain percentage of cash withdrawal fee.
does the credit card affect the provident fund loan?
Credit card will not affect the provident fund loan, as long as the credit card repays the loan on time every month and it is not overdue. But lenders should also be careful not to handle too many credit cards.
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Precautions for applying for provident fund loans
1. Do not use provident fund before applying for loans: If you plan to buy a house, you still plan to use provident fund loans, and you should not withdraw the provident fund in advance. If the borrower withdraws the balance of the provident fund before the loan to pay the house payment, then the balance of the provident fund in your provident fund account will be zero, so your provident fund loan amount will be zero, which means that you will not apply for a provident fund loan. 2. Prepare loan information: Loan is a complicated procedure, and buyers need to provide a lot of information to the bank. The loan procedures of provident fund are complicated. In order to save the time for loan approval and ensure the smooth loan, the borrower should prepare the loan materials as required before lending. If he is not sure what materials need to be prepared, he can consult the local provident fund management.
3. Don't lose the loan contract and IOU: When handling the loan, you need to sign many documents, especially the loan contract and IOU, and you must keep them well. To apply for a mortgage loan, the loan contract and the iou signed by the bank with you are all important legal documents. As the loan period can be as long as 3 years, as a borrower, you should take good care of your contract and iou
4. You can't use the provident fund to buy a house provident fund loan if you haven't repaid the loan: it is clearly stipulated that you are not allowed to apply for a loan again. Whether the provident fund loan is made before marriage or after marriage, one of the husband and wife has made a provident fund loan, and there will be a corresponding record in the provident fund center system. Before the last loan is paid off, the husband and wife can no longer use the provident fund loan to buy a second suite. Only when the provident fund loan of the first suite has been settled can both husband and wife use the provident fund loan to buy a house again.
5. Don't prepay within the first year of loan: Sometimes loans are used to buy a house to alleviate the problems at hand, and provident fund loans also have provisions for prepayment. Generally speaking, if provident fund loans are used, you should apply for prepayment after one year of repayment, and the amount returned should exceed the repayment amount of six months. The borrower shall, in accordance with the loan contract, deposit the monthly repayment in full into the repayment account before the repayment date of each month. Be sure not to be overdue.
Is there a relationship between credit cards and housing provident fund loans?
Credit cards have a certain relationship with housing provident fund loans. If there are bad behaviors such as overdue credit cards, it will affect the issuance of housing provident fund loans.
Taking Zhengzhou Housing Provident Fund as an example, according to the Instructions for Housing Provident Fund Loans, the loan conditions of housing provident fund are as follows:
1. The borrower and his spouse have valid identification;
2. The specified down payment has been paid, with down payment+loan amount = total house price, and the house payment has not been paid;
3. The borrower has continuously and normally paid the housing accumulation fund for more than 6 months (inclusive), and the recent unpaid amount is no more than 4 months;
4. The family has a stable income, a good reputation and the ability to repay the loan principal and interest;
5. Agree to provide the loan guarantee method approved by the Housing Provident Fund Management Center;
6. The borrower and spouse have no outstanding housing provident fund loans or large debts.
Extended information:
Article 26 of the Regulations on the Administration of Housing Provident Fund, employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses.
the housing provident fund management center shall, within 15 days from the date of accepting the application, make a decision on granting or not granting the loan, and notify the applicant; If the loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.
Zhengzhou Housing Provident Fund-Notes on Housing Provident Fund Loans
This is the end of the introduction of credit cards and housing provident fund loans and credit cards. Did you find the information you need?