Entrusted loan of unit housing provident fund refers to the entrusted by the local housing provident fund management department, and the relevant banks use the funds provided by the client to issue unit housing loans. The loan risk is borne by the entrusting party, which is generally used to solve the problem of insufficient funds for the purchase and construction of housing units that implement housing reform.
Provident fund personal housing loan refers to the personal housing loan issued by CCB with the funds provided by customers under the entrustment of the local housing fund management department. The loan risk is borne by the client, which is mainly used to solve the problem of insufficient funds for individual employees to purchase and build housing. Today, Bian Xiao will focus on the entrusted loan of provident fund personal housing.
Application conditions for entrusted loans for provident fund individual housing:
The application for housing provident fund loans must comply with the provisions of the local housing provident fund management department on housing provident fund loans. The basic conditions should be:
(1) has legal status;
(2) Pay the housing accumulation fund in full and on time;
(3) Having stable economic income, good credit and the ability to repay the principal and interest of loans;
(4) There are legal and effective certificates such as contracts and agreements for the purchase and overhaul of houses;
(5) There are self-raised funds above the prescribed minimum amount, and it is guaranteed to be used to pay the down payment of the purchased (overhauled) house;
(6) Having assets that meet the conditions of mortgage or pledge, or (and) having legal persons, other economic organizations or natural persons with sufficient compensation capacity as guarantors;
(7) Meet other loan conditions stipulated by the local housing provident fund management department.
Loan amount: the maximum amount shall be implemented in accordance with the relevant regulations of the local housing provident fund management department.
Loan Term: Within the longest loan term stipulated by the People's Bank of China, the local housing provident fund management department will determine the loan term according to the actual situation of the borrower.
Loan interest rate: The loan interest rate of individual housing provident fund stipulated by the People's Bank of China shall apply. At present, the current interest rate is: if the loan term is less than 5 years (including 5 years), the annual interest rate of the loan is 4.14%; If the loan term is more than 5 years (excluding 5 years), the annual interest rate of the loan is 4.59%.
Repayment method: If the loan term is within 1 year (including 1 year), the principal and interest shall be repaid in one lump sum; If the loan term exceeds 1 year, the equal principal and interest repayment method, the average principal repayment method and other repayment methods recognized by the local housing provident fund management department shall be adopted.
(The above answer was published on 2015-12-11.Please refer to the actual situation for the relevant housing purchase policy at present).
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