What are the requirements for applying for housing provident fund loans?
1, with urban permanent residence or valid residence certificate.
2. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who have not participated in the housing provident fund system cannot apply for housing provident fund loans.
3. Those who participate in the housing provident fund system must also meet the following conditions when applying for housing provident fund personal housing loans: that is, the time for continuous full deposit of housing provident fund before applying for loans is not less than 6 months, and some cities stipulate that it should not be less than 12 months.
4. Purchase, build, renovate and overhaul self-occupied ordinary houses (excluding commercial and residential dual-use houses) within the city area, and have relevant procedures and certificates, and deliver a specified proportion of self-raised funds.
5. Have full capacity for civil conduct, have a stable occupation and income, have the ability to repay the principal and interest of the loan, and have good credit.
6. There are no outstanding housing provident fund loans. In addition, it should be noted that one spouse has applied for a housing provident fund loan, and neither spouse can obtain a housing provident fund loan until the principal and interest of the loan are paid off.
7. Not reaching the statutory retirement age (if it is otherwise stipulated by the state that it can be extended, it shall be implemented according to its provisions, but the maximum age shall not exceed 65 years).
8 provident fund loans shall not exceed 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.
What's the difference between provident fund loans and commercial loans?
1, the loan interest rate is different.
The benchmark interest rate for commercial loans over five years is 4.9%, and the interest rate for provident fund loans over five years is 3.25%.
2. The loan ratio is different.
For the same house, if the first set of urban commercial loans can be 70%, then the first set of pure provident fund loans will be almost 80% at most.
3. The loan process is different.
To apply for a commercial loan, the loan must be reviewed before the transfer, and the provident fund loan is reviewed after the transfer.
4. The approval time is different
It takes about 20 working days to approve commercial loans and 40 working days for provident fund loans. Commercial loans are faster than provident fund loans. Commercial loans mainly come from public funds raised by commercial banks and other lending institutions, while provident fund housing loans are funds paid by provident fund depositors.
6. Different users
Commercial loans are for all eligible members of the public, while provident fund loans are only for employees who pay provident fund.
7. Different examination and approval agencies
Commercial loans are mainly approved by banks, which make decisions; The provident fund mortgage needs the approval of the provident fund management center, and the decision is made by the provident fund management center, and the bank is only the executing agency.