Legal subjectivity:

The down payment ratio of housing loans in commercial banks is too high, the requirements are too strict, and too much is needed. If you are a newcomer to the workplace, if you have the dream of buying a house, and if your salary makes you discouraged from bank loans, the provident fund will become a good choice for you. How to repay the mortgage with the housing provident fund? How to use provident fund loans, how to use provident fund loans, the following into how to use housing provident fund mortgage raiders. What is a housing provident fund loan? The housing provident fund loan refers to the mortgage loan issued by the local housing provident fund management centers to the housing provident fund depositors who purchase, build, renovate and overhaul their own houses and the retired employees who paid the housing provident fund during their employment. What are the conditions for applying for housing provident fund personal housing loan? 1. The loan object shall meet the following four conditions: (1) Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans, and 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 in order to apply for housing provident fund personal housing loans: that is, the time for continuous deposit of housing provident fund before applying for loans is not less than six months. (3) If one spouse has applied for a housing provident fund loan, neither spouse can get another housing provident fund loan until the principal and interest of the loan have been paid off. (4) When applying for a housing provident fund loan, the loan applicant must have a relatively stable economic income and the ability to repay the loan, and there are no other debts that have not been paid off and may affect the repayment ability of the housing provident fund loan. 2. The purpose of the loan must be earmarked: the purpose of the housing provident fund loan is limited to the purchase of owner-occupied housing with ownership, and the purchased housing should meet the architectural design standards stipulated by the Municipal Provident Fund Management Center. Employees who purchase houses with the right to use cannot apply for housing provident fund loans. 3. Have the conditions for general housing loans: applicants for housing provident fund loans should have self-raised funds equivalent to 2% or more of the purchase price of housing; Housing provident fund loan applicants should agree to apply for loan guarantees, and so on. These are all needed to reduce the risk of housing provident fund loans. How to repay the principal and interest of individual housing provident fund loans? In addition to cash payment, the borrower can withdraw the balance stored in his provident fund account for repayment of the loan. When the balance of my provident fund account is insufficient, I can withdraw the balance of my spouse's and the borrower's provident fund account, but I need the written consent of the person who has been withdrawn. Borrowers who need to withdraw the balance stored in the provident fund account shall apply to the entrusted bank, sign the "Authorization Letter for Withdrawing the Housing Provident Fund to Repay the Personal Housing Loan" after examination and approval, and the entrusted bank shall handle the withdrawal procedures by transfer. The application for examination and approval procedures for withdrawing the balance stored in the provident fund account shall be handled after normal repayment. Can the borrower repay the housing provident fund loan in advance? The borrower can repay part or all of the principal and interest of the provident fund personal loan in advance, and there is no need to pay liquidated damages at present. In case of partial or full prepayment, interest shall be calculated on a daily basis, with the date of loan as the starting point. (1) Partial prepayment: The entrusted bank shall not accept the application for partial prepayment until the borrower has fulfilled the original loan contract for one year, change the loan contract with it in writing, sign supplementary clauses with the borrower and the guarantee institution, and inform the city center of the relevant situation in writing. The amount repaid by the borrower in advance shall not be less than the repayment amount of 6 months agreed in the original loan contract; The entrusted bank shall agree with the borrower on the repayment period of the remaining loan balance after partial prepayment, which shall be shorter than the remaining period stipulated in the original loan contract, and the loan interest rate shall be determined according to the repayment period already performed by the borrower plus the provident fund loan interest rate of the term grade corresponding to the determined remaining period; The remaining loan principal balance after partial prepayment is still returned in the same way as agreed in the original loan contract, and the entrusted bank shall recalculate the monthly repayment amount for the borrower. (2) Full settlement in advance: If the borrower applies to repay all the loans in advance, there is no time limit. The borrower shall pay the loan principal balance, and the entrusted bank will no longer charge the loan interest, and the loan interest already charged according to the loan contract will not be returned. Year rush or month rush? The money in the provident fund account can't be used as the down payment for buying a house. Its biggest function is to "repay the loan" and offset the repayment amount of the mortgage. Therefore, how to use the monthly provident fund to offset your mortgage is a science. Generally speaking, there are two common ways for the provident fund to "repay the loan": monthly and annual. In the end, which way can achieve the best "burden reduction" effect cannot be generalized. The key depends on the cash flow of the mortgage lender itself. Monthly mortgage: it can reduce the pressure of monthly loan payment, also known as monthly repayment method, which means that banks withdraw funds from provident fund accounts month by month to pay the principal and interest of housing loans. For most buyers, the maximum provident fund loan they can apply for is generally not enough to cover all mortgages, and the monthly provident fund income is generally less than the total monthly repayment. Therefore, the combination loan model of provident fund plus commercial loans and the "monthly rush" method of provident fund are common choices for most people. For example, Mr. and Mrs. Liu choose a portfolio loan, * * * 35, yuan provident fund loan (15 years) and 65, yuan commercial loan (3 years), and the total income of their provident fund account is 3,5 yuan per month, except for deducting the provident fund loan, they can still have a surplus of more than 5 yuan. The monthly after-tax income of Mr. and Mrs. Liu is about 12, yuan, and part of the down payment for the house purchase is subsidized by relatives. At the same time, the two plan to add more salaries within one year. Therefore, the pressure of paying off debts at the initial stage of the loan is greater, so they choose the monthly payment method. After the bank has handled the power of attorney for "repaying the loan with the provident fund", the bank will withdraw 3,5 yuan of the provident fund every month, repay the monthly principal and interest of the provident fund loan at first about 3, yuan, and the remaining 5 yuan is used to repay the commercial loan (the monthly principal and interest of the commercial loan is about 3, yuan). In this way, Mr. Liu also needs to deposit 25 yuan into the repayment account every month to make up for the business loan. In this way, after deducting the expenses such as mortgage, living expenses and loans from relatives, they can save nearly 5, yuan each month. In this way, after one year, they can accumulate about 6, yuan of "maternity fund", which can basically relieve Tian Ding's worries. Annual rush: one-time rush to offset the "annual rush" with the least interest, also known as one-time repayment method. Unlike "monthly loan repayment", "annual loan repayment" directly uses all the balance in the provident fund account to offset the loan principal. According to the regulations of the Provident Fund Center, the "annual rush" must give priority to the repayment of the principal of the provident fund loan, that is to say, the principal of the commercial loan can only be reduced after all the principal of the provident fund loan is repaid. In fact, the "year rush" method is a kind of prepayment, which saves most interest on provident fund loans. At the same time, this method is more suitable for buyers with large balance in provident fund accounts and little pressure on cash expenditure at the initial stage of loans. According to the regulations of the provident fund center, there are still some conditions to be met in using the "annual mortgage": first, the housing loan must be over one year before it can be used to offset the principal; Second, under normal circumstances, the amount of the offset principal is not less than 6 months' repayment. In addition, after the "year rush", the principal of the loan will be reduced, and the corresponding monthly repayment amount will also be reduced. For those who have sufficient repayment ability, they can go to the bank to change their repayment methods at this time, such as keeping the monthly repayment amount unchanged and shortening their repayment period to achieve the purpose of further saving interest. The key to choosing an annual loan or a monthly loan depends on the cash flow. Bank financial experts believe that whether to choose an annual loan or a monthly loan is correct depends on each person's cash flow and repayment plan (whether to repay the loan in advance, etc.). Choosing a monthly loan does not hinder the early repayment of the loan. Buyers can accumulate the cash saved every month to offset the principal at the end of the year, and can give priority to returning the principal of commercial loans; If you choose annual repayment, the cash flow pressure at the initial stage of repayment may be greater. However, after one year, with the one-time offset of the loan principal, the monthly payment burden will also be greatly reduced. However, it is still necessary to consider the repayment of provident fund loans after the year rush, and the relatively low interest rate of provident fund loans will no longer be enjoyed, while the monthly rush is more conducive to accumulating cash to repay commercial loans in advance. Tips for saving money in housing provident fund: Take the advantage of interest rate with sufficient loan amount as an example: they have stable jobs and normal housing provident fund deposits, and have never applied for any loans. They plan to buy a 12-square-meter house worth 1.8 million yuan to improve their living conditions. The down payment is expected to be 7, yuan, and the housing loan will be applied for 1.1 million yuan, and the housing loan will be returned about 5, yuan every month. According to the idea of Mr. and Mrs. Wang, the insiders put forward the following suggestions: As a policy loan, the most obvious feature of housing provident fund loan is low interest rate. Judging from the current loans of more than five years, the annual interest rate of commercial loans is 7.83%, while the annual interest rate of housing provident fund loans is 5.22%, a difference of 2.61 percentage points. Comparing a 5,-yuan 15-year housing provident fund loan with a commercial loan, the commercial loan pays about 718 yuan more per month than the provident fund loan, and the interest paid for more than 15 years is about 129,27 yuan. This interest difference will further widen with the extension of the loan term. Therefore, we should make full use of provident fund loans as much as possible. Trick 2: Use the provident fund skillfully to repay the house loan. After the loan amount is determined, you must consider the repayment problem. How to use the provident fund to repay the loan? How can we save interest? Mr. and Mrs. Wang first thought of using the balance in the provident fund account to repay the loan, but there are two repayment methods: monthly repayment method and one-time repayment method. Which repayment method should be chosen needs to be compared first: if the one-time repayment method is chosen, the balance in the housing provident fund account will be used to repay the housing loan in advance once a year, assuming that the monthly payment of the housing provident fund will increase by 13% every year, it will be settled in half of the contract loan period. If you choose the "monthly repayment method", the balance of the existing provident fund in the provident fund account of Mr. and Mrs. Wang plus the monthly housing provident fund, assuming that the monthly payment of the housing provident fund increases by 13% every year, you don't need to pay for repayment yourself for a period of time in the early stage of the loan, and you only need to pay a small amount of cash for repayment every month for a long time to come. After the monthly payment will be greater than the monthly repayment amount, you don't need to pay for it yourself. Although the interest expense has not decreased in this way, the repayment pressure of borrowers in the first few years has been reduced. After comparison and analysis, Mr. Wang thinks that the use of funds in the early stage of the loan is relatively tight, and his income is still rising, so it is better to choose the "monthly repayment method", which can reduce the repayment pressure in the early stage. If the funds are loose in the future, he will change the repayment method to "one-time repayment method" to reduce interest expenses. In short, there are many tricks to make good use of your provident fund and turn it into real wealth to the maximum. If you are smart, you can save a lot of money if you know how to use it skillfully. The above is the relevant knowledge compiled by Xiaobian for everyone. I believe everyone has a general understanding through the above knowledge. If you encounter any more complicated legal problems, please visit the website for online consultation with lawyers. Legal objectivity:

Regulations on the Management of Housing Provident Fund

Article 25

If an employee withdraws the balance stored in the housing provident fund account, the unit where he works shall verify it and issue a certificate of withdrawal.

employees should apply to the housing provident fund management center for withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or not to withdraw, and notify the applicant;

if the withdrawal is approved, the entrusted bank shall go through the payment formalities.