With the same loan amount and repayment period, provident fund loans can save tens of thousands of yuan in interest compared with commercial loans. Therefore, most people choose provident fund loans to buy houses. What are the conditions for buying a house with a housing provident fund loan? What is the process for buying a house with a housing provident fund loan in Changzhou? Let me take a look at it now! Housing Provident Fund Loan Guide Loan Conditions Housing provident fund loan recipients should meet the following conditions at the same time: 1. Over 18 years of age. A natural person who is one year old and has full capacity for civil conduct. 2. The remittance of the housing provident fund was normal when applying for the loan. Extrapolating forward for 6 months, the unit and individual have continuously paid and deposited the housing provident fund, and the first remittance has been for 6 months. The first remittance will be recorded in the capital account as Approval (for qualified care recipients such as high-level talents introduced by the city, spouses of active-duty military personnel, and demobilized and retired veterans, the continuous payment requirements for provident funds may be appropriately relaxed). 3. Be able to provide valid certification materials for purchasing, building, or overhauling a self-occupied house. 4. If the self-occupied property purchased, constructed or overhauled is owned by shares, the main borrower applying for the loan must have more than 50% of the property ownership. 5. Have stable income, good credit, and the ability to repay the principal and interest of the loan on time. 6. Apply for guarantee in accordance with the guarantee method approved by the Provident Fund Center. 7. There are no outstanding housing provident fund loans. 8. Meet other conditions stipulated by the Provident Fund Center. Loan term and interest rate 1. Loan term: For the purchase of commercial housing or second-hand housing, the maximum loan term shall not exceed 30 years and shall not exceed the remaining useful life of the land; for the purchase of current public housing, construction or overhaul of self-occupied housing, the maximum loan term shall not exceed 15 years years and shall not exceed the remaining useful life of the land. The loan term plus the actual age of the principal borrower shall not exceed the legal retirement age. 2. Loan interest rate The loan interest rate for first-time application for a housing provident fund loan shall be based on the interest rate standards announced by the People's Bank of China. The loan interest rate for the second application for a housing provident fund loan rose to 1.1 times the interest rate for the first application during the same period. During the period from the conclusion of the loan contract to the repayment of the loan, if the statutory interest rate is adjusted, new interest rate regulations will be implemented according to the corresponding interest rate grade from January 1 of the following year, and the monthly loan repayment amount will be adjusted. Loan limit The loan limit should meet the following four conditions at the same time: 1. The loan limit shall not exceed the maximum loan limit determined by the Changzhou Housing Provident Fund Management Committee. If two or more of the borrowers (the house owner who is over 18 years old and has full capacity for civil conduct and the person with the right to the house and his or her spouse are all borrowers, the same below) meet the loan conditions, the loan amount The maximum loan limit is 600,000 yuan; if only one person meets the loan conditions, the maximum loan limit is 300,000 yuan. 2. The loan amount shall not exceed a certain multiple of the sum of the borrower’s housing provident fund balances. (1) The loan amount generally does not exceed 10 times the sum of the borrower’s housing provident fund balance. If the borrowers other than the main borrower meet the loan conditions, their housing provident fund storage balances can be combined and calculated (subject to the time of loan application). (2) If the borrower has no record of housing provident fund withdrawal or loan, the loan limit can be relaxed to 20 times the sum of the housing provident fund storage balance. (3) Appropriately relax the housing provident fund storage balance requirements for specific objects that meet the conditions: 1. When applying for a housing provident fund loan to purchase an ordinary self-occupied house (the building area does not exceed 144 square meters, and the floor area ratio is above 1.0), two of the borrowers Or if two or more people meet the loan conditions and neither of them has a record of housing provident fund withdrawal or loan, the loan limit can be relaxed to 300,000 yuan; if only one person meets the loan conditions and there is no record of housing provident fund withdrawal or loan, the loan limit can be relaxed to 18 Ten thousand yuan. 2. When qualified care recipients such as high-level talents, retired veterans or veterans apply for housing provident fund loans, and two or more borrowers meet the loan conditions and neither of them has a record of housing provident fund withdrawal or loan, the loan limit can be relaxed to 500,000 yuan; if only one person meets the loan conditions and there is no housing provident fund withdrawal or loan record, the loan limit can be relaxed to 300,000 yuan.

3. If the spouse of an active-duty military member has paid the housing provident fund normally and when applying for a housing provident fund loan, if the borrower has no record of housing provident fund withdrawal or loan, the loan limit can be relaxed to 600,000 yuan. 3. The loan amount shall not exceed a certain proportion of the actual price payable for the purchase, construction, or overhaul of a self-occupied house. (1) When a borrower applies for a housing provident fund loan for the first time and purchases a self-occupied house, the loan amount shall not exceed 80% of the actual purchase price. (2) When a borrower applies for a housing provident fund loan for the second time, the loan amount shall not exceed 30% of the actual purchase price. (3) When applying for a housing provident fund loan to purchase a second-hand house, the actual price payable shall be the lowest value among the existing house sales contract, deed and tax payment form, and property appraisal report. 4. The loan amount does not exceed the borrower’s actual repayment ability. The monthly loan repayment amount generally does not exceed 50% of the borrower's total monthly income. Loan procedures 1. Pre-loan consultation: The borrower should call the housing provident fund customer service hotline, check the city's provident fund center website, or go to the provident fund center service window for pre-loan consultation; when a portfolio loan is required, the borrower should consult the trustee bank for specific requirements and requirements for commercial loans. Related tables. 2. Loan application The borrower shall prepare relevant materials and go to the Provident Fund Center to apply for a loan. 3. Application for monthly loan repayment: Borrowers can apply for monthly housing provident fund loan repayment at the same time when applying for a loan. 4. Commercial loan application: Borrowers who need to apply for a combination loan should go to the trustee bank to apply for a commercial loan with housing provident fund loan certification materials and materials required for commercial loans (skip this step if you apply for a pure provident fund loan). 5. Apply for guarantee. After the provident fund center and the trustee bank have passed the loan approval, the borrower can go to the guarantee company to apply for guarantee procedures with relevant materials. Housing provident fund loans (including combination loans) adopt two methods: guarantee guarantee and pledge guarantee of Changzhou Housing Guarantee Replacement Co., Ltd. 6. Loan disbursement After the guarantee company agrees to guarantee, the Provident Fund Center will notify the trustee bank to transfer the loan funds to the designated collection account. 7. On-schedule repayment: On the 15th of each month (or postponed if it is a holiday), the trustee bank will deduct the amount of the monthly repayment from the borrower's agreed personal account. 8. To settle the loan, the trustee bank will issue a repayment certificate, and the borrower will go to the guarantee company to cancel the guarantee, obtain the house property certificate, and go through the registration procedures for canceling the mortgage of the housing provident fund loan. Loan repayment 1. Housing provident fund loans have two repayment methods: equal principal and interest and equal principal. The borrower can choose the repayment method according to his personal income, but once determined, it cannot be changed during the entire repayment period. (1) The equal principal and interest repayment method means that the borrower repays the loan principal and interest in equal amounts every month during the loan period, which is a balanced repayment method. The equal principal and interest repayment method has a relatively balanced loan repayment pressure during the loan period, and is more suitable for borrowers who are short of funds in the early stage of loan repayment. (2) The equal principal repayment method is that the borrower repays the loan principal in equal installments every month during the loan period, and at the same time repays the loan interest for the month. The loan interest decreases month by month, which is a declining repayment method. The repayment pressure of the equal principal repayment method decreases year by year with the repayment time, which is more suitable for borrowers with higher income at the time of the loan. 2. Starting from the next month after the loan is issued, the trustee bank will deduct the loan principal and interest from the borrower's repayment account on a monthly basis. If the loan is overdue due to insufficient funds in the repayment account, the borrower shall pay overdue interest as required and bear liability for breach of contract. 3. During the loan period, with the consent of all parties signing the loan contract, the borrower can repay the loan in advance or partially in advance in one go. After partial prepayment of the loan, the loan interest rate will remain unchanged. (1) The amount of partial early loan repayment per time shall not be less than 10,000 yuan, and it must be processed after one period of normal repayment. After partial prepayment of the loan, there are three loan repayment methods for the borrower to choose: in January, the repayment amount remains unchanged and the loan period is shortened; in February, the repayment amount is reduced and the loan period remains unchanged; in March, the monthly repayment amount is increased and the loan period is shortened. . (2) Borrowers should choose to handle early loan repayment procedures between the 1st and 12th of each month. Notes: 1. Stop issuing loans to applicants who apply for housing provident fund loans for the third time or above.

2. When purchasing commercial housing, the borrower shall apply for a loan within one year from the date of signing the housing purchase contract after signing the housing purchase contract and paying no less than the specified down payment ratio. When purchasing second-hand housing or current public housing, the borrower should submit a loan application within two months after completing the housing transaction procedures and paying the housing deed tax (subject to the date of the deed tax payment certificate). If a house is to be constructed or overhauled, the borrower shall submit a loan application within one year after the date of the approval document for the construction or overhaul of the house. 3. When applying for a loan, you should fully consider your own repayment ability and select an appropriate trustee bank, loan amount, term and repayment method. Generally, no changes can be made after confirmation. 4. During the loan period, the borrower's housing provident fund can only be used to repay the housing provident fund loan and cannot be withdrawn in other forms. 5. For the convenience of borrowers, our city implements one-stop service when processing housing provident fund loans. On-site approval and on-site guarantee procedures are required. All borrowers must be present to sign at the same time. 6. After an employee applies for a provident fund loan, if the employee fails to complete the guarantee, mortgage, pledge and other related loan procedures within two months, the applicant will be deemed to have voluntarily canceled the loan application. 7. The borrower should truthfully provide personal information and relevant loan application materials to the provident fund center, guarantee company and trustee bank. If there is any concealment or untruth, the Provident Fund Center has the right to suspend the applicant's qualifications to apply for housing provident fund loans within one to three years.