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What are the housing provident fund loan conditions? What is the housing provident fund loan process

If you work in a large company, you will usually pay the provident fund. Some employees don't know the specific use of the provident fund. After many years, they feel that it's not very useful, so they leave it idle. However, when it comes to buying a house, you will know the role of provident fund. So, what are the conditions of housing provident fund loan? What is the housing provident fund loan process?

What are the housing provident fund loan conditions?

1. Only employees who participate in the housing provident fund system are qualified to apply for housing provident fund loans, while 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 should apply for the housing provident fund personal purchase loan, which must also meet the following conditions: that is, the time of continuous deposit of housing provident fund should not be less than six months before applying for the loan. Because, if the employee deposit housing provident fund behavior is abnormal, intermittent, that their income is unstable, easy to produce risk after the loan.

3. When applying for the housing provident fund loan, the loan applicant must have a relatively stable economic income and the ability to repay the loan, and there is no other debt that has not been paid off and may affect the repayment ability of the housing provident fund loan. When employees are burdened with other debts, it is very risky to give housing provident fund loans, which violates the principle of safe operation of housing provident fund.

What is the housing provident fund loan process?

1. The borrower needs to submit relevant written application to the municipal housing provident fund management center, fill in the housing provident fund loan application form and provide relevant information truthfully;

2. Be responsible for the qualification of the borrower, the qualification of the guarantor, the examination of the relevant loan amount and loan term, and the completion of the contract. After the approval, the borrower can sign the relevant contract or agreement with the center, and at the same time handle the insurance in accordance with the provisions of the people's Bank of China;

3. The city housing accumulation fund management center should also issue a loan approval notice to the bank, and the relevant bank can handle the loan transfer procedures after receiving the loan notice;

4. The borrower also has to calculate the amount of the loan and the monthly repayment amount according to the payment of his provident fund. At the same time, according to the relevant provisions of the provident fund management, it should be withdrawn once a year;

5. In terms of repayment method, the relevant personnel can also choose the method of "balance charging loan", that is, the extracted provident fund should first repay the principal and interest of the current month's housing provident fund loan and commercial loan.

What are the conditions of housing provident fund loan and what is the process of housing provident fund loan. In fact, the role of provident fund is very big. When you buy a house, if you use provident fund loans, you need to save a lot of interest as a whole. This is also the reason why many people choose provident fund loans.