What is the maximum loan limit for Tangshan Provident Fund?

The maximum loan limit for Tangshan Provident Fund is 700,000. Our city’s housing provident fund loan policy stipulates that the maximum housing provident fund loan application cannot exceed 400,000.

Provident fund loans refer to loans enjoyed by employees who have paid housing provident funds. According to national regulations, all employees who have paid housing provident funds can apply for personal housing provident fund loans in accordance with the relevant provisions of provident fund loans.

In 2012, some cities relaxed the conditions for provident fund loans. Among them, in 9 counties in Linyi City, Shandong Province, starting from June 1, 2012, the upper limit of housing provident fund loans will be increased from 200,000 yuan to 300,000 yuan.

In October 2014, 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 for provident fund loans, promoting off-site loans, reducing intermediary fees, canceling housing provident fund personal housing loan insurance, notarization, Charging items such as new home appraisals and mandatory institutional guarantees reduce the burden on loan employees. Among them, employees who have paid for 6 consecutive months can apply for provident fund loans (currently 12 months).

On August 15, 2017, the Ministry of Housing and Urban-Rural Development and others jointly issued a notice stating that starting from September 1, 2015, the down payment of 20% of the down payment for the purchase of a second house with provident fund loans will be cancelled.

Loan introduction:

Provident fund loans refer to personal housing provident fund loans. They are local housing provident fund management centers. They use the housing provident funds paid by employees who apply for provident fund loans to entrust commercial banks to purchase funds. , housing provident fund depositors who build, renovate, and overhaul their own homes and retired employees who have paid housing provident funds during their employment. Employees who have paid housing provident funds for a certain period of time or more according to regulations (the period in each city is different, such as more than 12 months in Changsha) can apply for provident fund loans when they have insufficient funds to purchase, build, renovate, or overhaul their own housing.

The conditions for the loan are: the unit’s current employees sign a labor contract for more than 3 years (or sign a 1-year labor contract for 3 consecutive years); pay the housing provident fund normally and continuously on a monthly basis for more than a certain period; do not exceed the legal limit Retirement age; the borrower has stable economic income and the ability to repay principal and interest; the borrower agrees to handle housing mortgage registration and insurance; provide a guarantee method agreed by the local housing fund management center and its affiliated sub-center; and submit relevant documents required by the bank, such as House purchase contract or house pre-sale contract, house property ownership certificate, land use certificate, proof of provident fund deposit, etc.

Loan conditions:

1. 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.

2. Those who participate in the housing provident fund system must also meet the following conditions to apply for a housing provident fund personal home purchase loan: that is, they must have continuously paid and deposited housing provident fund for no less than six months before applying for a loan. This is because if employees’ behavior of paying housing provident funds is abnormal and intermittent, it means that their income is unstable and risks will easily arise after the loans are issued.

3. If one spouse applies for a housing provident fund loan, neither spouse will be able to obtain a housing provident fund loan again before the spouse repays the principal and interest of the loan. 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.

4. When a loan applicant applies for a housing provident fund loan, in addition to having a relatively stable economic income and the ability to repay the loan, the loan applicant must not have a large amount that has not yet been paid off, which may affect the repayment of the housing provident fund loan. capacity for other debts. When employees are burdened with other debts, granting housing provident fund loans is very risky and violates the principle of safe operation of housing provident funds.

5. The maximum term of provident fund loans shall not exceed 30 years. When applying for a portfolio loan, the loan terms of the provident fund loan and the commercial housing loan must be consistent.

How often does Tangshan Bank’s mortgage interest rate adjust?

Interest rates are generally set by the central bank and implemented by all commercial banks. In the real estate market, due to the impact of the real estate market on the real estate market, the adjustment of real estate market prices will also change due to changes in the real estate market. At present, commercial banks can reasonably fluctuate their benchmark interest rates up and down. The mortgage interest rate that has been signed is usually adjusted starting from January 1 of the second year after the loan base interest rate and policy change. The interest rate of a newly signed home mortgage loan will be determined based on the current loan benchmark interest rate, and the specific floating range will be determined according to the specific situation of the customer.

Currently, there are three main adjustments to the interest rates of residential and commercial loans in my country: 1. Adjustments once a year, that is, a new interest rate will be adjusted every time the loan is repaid for one year; 2. After the bank interest rate is adjusted , at the beginning of the second year, adjust according to the new interest rate; 3. Both parties agree, usually within one month after the adjustment, the new interest rate will be implemented.

The interest rate of LPR for general housing loans is adjusted once a year. The specific adjustment will be based on the pricing date, but the LPR interest rate will not change immediately. Generally, banks will have two options, January 1st of each year and the loan date of each year.