Does housing accumulation fund repay housing loan in advance? Application process of housing accumulation fund repayment in advance
4hw.com.cn: if the buyer has a housing provident fund, the interest is very low when he makes a mortgage loan. Mortgage loans will be agreed with the bank a certain repayment period, and need to be paid monthly. So, can we use the housing provident fund to repay the mortgage in advance? Let's have a look.
The question depends on your actual situation.
Prepayment can be applied directly to the provident fund management center according to the prepayment part of the loan contract at that time. Basically, the loan can be paid off directly after one year. It can also be partially paid back in large amount. Refer to your own contract for details.
How to apply for repayment in advance
Generally, you need to make an appointment with the bank for prepayment. For details, you can consult the relevant policies of the lending bank. The process of repayment in advance is as follows:
The first step: first check the loan contract about the requirements of early repayment, pay attention to whether early repayment must pay a certain amount of liquidated damages.
Step 2: call the lending bank to inquire about the application time of prepayment and the minimum amount of repayment.
The third step: according to the requirements of the bank, go to the relevant departments in person to apply for prepayment.
Step 4: the borrower shall bring relevant certificates to the borrowing bank to handle the relevant procedures of prepayment.
Step 5: submit the prepayment application form and deposit the prepayment in the counter.
How long does it take for the bank to apply for repayment in advance?
Time is mainly spent in two places
The first step: most banks require to apply first and wait for a period of time to repay
The repayment time of each bank is different, even the repayment time of each branch in the same bank is different. For example, Bank of China can repay 15-30 days after the application in advance, while China Merchants Bank can repay 7-15 days after the application in advance. Basically, the time of large state-owned banks is long, and that of stock commercial banks is short.
Step 2: the time for the bank to release the mortgage materials
After the seller repays, some banks will issue the settlement certificate and mortgage settlement materials on the same day, while some banks will only issue the mortgage settlement materials within 7-10 days, so they have to negotiate with the repaying bank.
The third step: if the property right certificate has mortgage registration, the mortgage cancellation time is longer
According to different regions (Chaoyang and Haidian are very different), as well as X Beijing and non X Beijing, the property right certificate is also very different.
All in all, the repayment time varies from bank to bank. In many cases, it is an effective way for the seller to contact the personnel of the bank credit department directly. As long as he communicates with the bank more, the time will be shortened.
Prepayment can be applied directly to the provident fund management center according to the prepayment part of the loan contract at that time. Basically, the loan can be paid off directly after one year. It can also be partially paid back in large amount. Refer to your own contract for details.