Provident fund loans are generally guaranteed. This is stipulated by the provident fund management center, because provident fund loans are entrusted loans. In order to control risks, the provident fund management center will introduce a guarantee department to guarantee loans. The housing loan guarantee is jointly and severally guaranteed by the housing property right guarantee company recognized by the provident fund management center. At the same time, the borrower mortgaged the house to the guarantee company as a counter-guarantee. Housing property guarantee companies provide guarantees for individual housing provident fund loans, which is a reform measure to reduce loan links, improve the quality of loan intermediary services and reduce loan risks. Introduction of provident fund loan: 1. Provident fund loans refer to individual housing provident fund loans, which are issued by local housing provident fund management centers. With the housing provident fund paid by employees who apply for provident fund loans, commercial banks are entrusted to pay housing provident fund depositors who purchase, build, renovate or overhaul their own houses and retired employees who pay housing provident fund during their employment. According to the regulations, employees who have paid housing provident fund for a certain number of years or more (the number of years varies from city to city, such as 12 months or more in Changsha) can apply for provident fund loans when the funds for purchasing, building, renovating or overhauling their own houses are insufficient. 2. The loan conditions are: the employees of the unit have signed a labor contract for more than 3 years (or signed a 1 year labor contract for 3 consecutive years); Normal continuous monthly housing provident fund deposit exceeds a certain period; 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 the mortgage registration and insurance; Provide the guarantee method agreed by the local housing provident fund management center and its sub-centers; At the same time, submit relevant documents required by the bank, such as house purchase contract or house pre-sale contract, real estate license, land use certificate, deposit certificate of provident fund, etc. 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 600,000 yuan; The maximum amount of Guangzhou housing provident fund loans is 500,000 yuan for individuals and 800,000 yuan for two or more applicants.

Two, why housing provident fund loans must be guaranteed by a guarantee company?

Not only must provident fund loans be guaranteed by guarantee companies, but pure commercial loans also need guarantee companies.

Guarantee company:

When an individual or enterprise borrows money from a bank, in order to reduce the risk, the bank does not lend money directly to the individual, but requires the borrower to find a third party (guarantee company or qualified individual) to provide credit guarantee for it. According to the requirements of the bank, the guarantee company will require the borrower to issue relevant qualification certificates for review, and then submit the audited materials to the bank, which will lend money after review, and the guarantee company will charge corresponding service fees.

Business process:

1. Application: The enterprise applies for loan guarantee. 2. Investigation: Investigate the operation, financial status, mortgaged assets, tax payment, credit status and business owners of the enterprise to preliminarily determine whether there is a guarantee. 3. Communication: communicate with the lending bank to further grasp the enterprise information provided by the bank and clarify the amount and term of the loan to be granted by the bank. 4. Guarantee: evaluation of guarantee and counter-guarantee agreements, asset mortgage and registration with enterprises, signing guarantee contracts with loan banks, and formally establishing guarantee relations with banks and enterprises. 5. Lending: The bank issues loans to enterprises on the basis of reviewing the guarantees, and at the same time collects guarantee fees from enterprises. 6. Tracking: tracking the loan usage and operation of enterprises, and directly tracking and checking the operation of enterprises through quarterly tax payment, electricity consumption and cash flow increase and decrease. 7. Prompt: Prompt in advance one month before the enterprise repays the loan, so that the enterprise can prepare for repaying the loan in advance and ensure the normal operation of the enterprise's capital flow. 8. Dissolution: cancellation of mortgage registration, cancellation of guarantee relationship with banks and enterprises with corporate bank repayment form. 9. Record: Record the credit status of this guarantee, which is divided into four grades: normal, abnormal, overdue and bad debts, and provide credit records for subsequent guarantees. 10. Filing: all kinds of agreements signed with banks and enterprises, as well as vouchers after repayment of loans and vouchers for cancellation of guarantee, etc., are sorted, filed and sealed for future file search.

scope of business

Providing loans, financial leasing and other economic contracts for small and medium-sized enterprises; Personal consumption credit guarantee, automobile consumption credit guarantee, project investment, investment management, etc.

Third, how to find a guarantee company for provident fund loans?

There is no need to find a guarantee company for provident fund loans, and the provident fund loan center will designate a guarantee company!

Four, why apply for provident fund loans need a guarantee company's guarantee?

According to the relevant regulations, combined with the actual situation of our city, since June of 20 1 1, guarantee companies have been introduced into the personal housing provident fund loan business in our city to provide joint and several liability guarantees. The relevant matters are hereby notified as follows:

The first is to realize the diversification of guarantee methods. In order to strengthen the management of housing provident fund loans and prevent loan risks, on the basis of the original "natural person guarantee, real estate mortgage and right pledge", a new "guarantee company" is added to provide guarantee services for individual housing provident fund loans. The borrower can choose the guarantee method independently according to his own situation, which solves the practical problem that the guarantor is difficult to find.

Second, implement a strict access system. In strict accordance with the requirements of the Administrative Measures of Tai 'an Individual Housing Provident Fund Loan Guarantee Company, the guarantee company has a sound corporate governance structure, internal organizational management system, risk control mechanism and perfect pre-investigation, in-process review, post-inspection and recovery, disposal capacity and other elements, which meet the standards for the entry and exit of guarantee institutions. At present, the first batch of guarantee companies introduced in our city are the companies approved by the Provincial Finance Office to provide financing guarantee services for small and medium-sized enterprises and individuals. ***3 companies, namely: Shandong UnionPay Guarantee Co., Ltd., Shandong Ding Sheng Investment Guarantee Company and Shandong Taian Huatai Investment Guarantee Company. Guarantee companies implement paid services.