Housing provident fund consumption loan refers to the mortgage loan issued by the local housing provident fund management center, which is paid by individual employees, and the unit entrusts commercial banks to pay housing provident fund for on-the-job employees and retired employees during their employment. Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and their employees.

The payment of housing provident fund by employees and the payment of housing provident fund by employees in resettlement units are all personal savings housing consumption stored by individuals in accordance with relevant regulations. After retirement, the employee shall pay the balance of principal and interest in one lump sum and return it to the employee himself. This is the basic concept of housing provident fund consumer loans!

The categories of housing provident fund consumption loans include: new house loans, second-hand house loans, self-built house loans, house decoration loans, and commercial house loans to transfer funds. Compared with commercial housing loans, housing provident fund loans have lower interest rates, flexible repayment methods and lower down payment ratio. The disadvantage is that the procedures are cumbersome and the approval time is very long.

Housing provident fund consumption loan handling process:

1. The on-the-job lender shall submit a written application to the bank, fill in the application form for housing provident fund loan, and truthfully provide the following information:

(a) the applicant and his spouse's housing provident fund deposit certificate;

(2) Identity certificates of the applicant and spouse (referring to valid residence certificates such as resident identity cards and permanent residence permits) and proof of marital status;

(three) proof of family financial income and proof of creditor's rights and debts that have an impact on repayment ability;

(four) valid documents of the purchase contract and agreement;

(5) Mortgaged property, price of mortgaged property, mortgage certificate, certificate of mortgagee, certificate of mortgaged property of mortgagor and certificate of mortgaged property issued by relevant departments;

(6) The fund center requires the guarantor of the third-party guarantor to guarantee and pay the guarantee fee, which shall be signed by the borrower, the lender and the third-party guarantor.

(seven) other information required by the provident fund center.

For housing provident fund consumer loans, banks need to inform the applicant of the loan procedures approved by the provident fund center according to the results. The loan contract signed between the two parties and the bank, the borrower and related contracts or agreements, and the loan contract review procedures, such as sending it to the provident fund center, which approves the transfer of credit funds, that is, the entrusted bank pays the loan amount in full and on time according to the provisions of the loan contract. The form of mortgage guarantee is the mortgage contract or agreement signed by the husband and wife when the borrower goes through the mortgage registration formalities in the real estate management department. The securities are pledged and paid by the borrower to the management department or the Union Center for safekeeping.