Provident fund housing mortgage loans refer to housing mortgages that are issued by local housing provident fund management centers using the housing provident funds paid by employees and their units and entrusting commercial banks to employees who have paid housing provident funds and retired employees who have paid housing provident funds during their employment.

loan.

Housing provident fund refers to the long-term housing savings deposited by state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions and their employees.

The housing provident fund paid by employees and the housing provident fund paid by the employee's unit for employees are personal savings deposited by employees in accordance with regulations and specifically used for housing consumption expenditures, and belong to the individual employees.

When an employee retires, the principal and interest balance will be paid in one lump sum and returned to the employee himself.

The housing provident fund mortgage loan process will be more complicated than the general loan process.

Categories of housing provident fund loans Housing provident fund loans are divided into new home loans, second-hand home loans, self-built housing loans, housing decoration loans, commercial housing loans converted to provident fund loans, etc.

Housing provident fund loan conditions The basic conditions for applying for a housing provident fund home purchase loan mainly include three aspects: loan object, loan purpose, and basic housing loan conditions.

Housing provident fund loan objects: 1. Have valid identity certificate.

2. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who do not participate in the housing provident fund system cannot apply for housing provident fund loans.

3. If one spouse applies for a housing provident fund loan, neither spouse can obtain another housing provident fund loan before the principal and interest of the loan are repaid.

Because housing provident fund loans are financial support provided to meet the basic housing needs of employee families, and are a type of "housing security" financial support.

Applicants for housing provident fund loans should have self-raised funds equivalent to 20% or more of the purchase price of the house (regulations vary from place to place); applicants for housing provident fund loans should agree to apply for loan guarantees, etc.

These are needed to reduce the risk of housing provident fund loans.

Purpose of housing provident fund loans Housing provident fund loans are limited to the purchase of owner-occupied houses, and the houses purchased should comply with the architectural design standards stipulated by the Municipal Provident Fund Management Center.

Employees who purchase housing with right-of-use rights cannot apply for housing provident fund loans.

Housing provident fund loan application process 1. To apply for a housing provident fund loan, the lender must submit a written application to the bank, fill in the housing provident fund loan application form and truthfully provide the following information: (1) Housing provident fund payment certificate of the applicant and spouse; (2) Applicant

and spouse’s identity certificate (referring to resident ID card, permanent residence booklet and other valid residence documents), marriage status certificate; (3) Proof of stable economic income of the family and other certificates of claims and debts that have an impact on repayment ability; (4) Purchase

Valid supporting documents such as housing contracts and agreements; (5) Collateral used for security, list of pledges, certificate of ownership and proof that the person with the right to dispose of the property agrees to mortgage and pledge, and collateral valuation certificate issued by the relevant department; (6)

) Other information required by the Provident Fund Center.

2. For loan applications with complete information, the bank will promptly accept and review them and submit them to the Provident Fund Center in a timely manner.

3. The Provident Fund Center is responsible for approving loans and notifying the bank of the approval results in a timely manner.

4. The bank will notify the applicant to handle the loan procedures based on the approval results of the Provident Fund Center. The borrower and his wife will sign a loan contract and related contracts or agreements with the bank, and submit the loan contract and other procedures to the Provident Fund Center for review. The provident fund center will transfer the money after approval.

For entrusted loan funds, the entrusted bank will issue loans in full and on time as stipulated in the loan contract.

5. If the guarantee is in the form of a housing mortgage, the borrower must go to the housing property rights management department in the area where the house is located to handle the property mortgage registration procedures. The mortgage contract or agreement must be signed by both husband and wife. If it is pledged with securities, the borrower must hand over the securities to the borrower.

The management department or alliance center will take custody and keep it.