Now people can buy houses with provident fund loans will not choose commercial loans, provident fund loans are mainly low interest rates ah. So how long does it take to apply for housing accumulation fund loan approval? Let's take a look at it together with the small edition of sihai.com.
I. how long does it take to approve the purchase of housing with housing accumulation fund loan
The time of approval for purchase of housing with housing accumulation fund loan is generally no more than 15 working days.
II. Payment proportion of provident fund loan
For the families who purchase the first house with a building area of 90 square meters or less or the affordable housing purchased according to regulations, the down payment proportion shall not be less than 20%; for the families who purchase the first house with a building area of more than 90 square meters, the down payment proportion shall not be less than 30%; for the families who purchase the second house, the down payment proportion shall not be less than 60%, The loan interest rate shall be 1.1 times of the benchmark interest rate of the same grade in the same period.
III. housing fund loan
1. Housing accumulation fund loan refers to the housing mortgage loan issued by the local housing accumulation fund management center to the on-the-job employees who pay the housing accumulation fund and the retired employees who pay the housing accumulation fund during the on-the-job period by the commercial bank using the housing accumulation fund paid by the employees in their units.
2. Most cities have stipulated the maximum amount of a single housing provident fund loan, for example, the maximum amount of a single housing provident fund loan in Chengdu is 400000 yuan; the maximum amount of a single housing provident fund loan in Guangzhou is 500000 yuan, and the maximum amount of a single housing provident fund loan in Beijing is 800000 yuan. If the rating is 3a, the maximum amount can be 800000 * (1 + 30%) = 1.04 million yuan.
3. Secondly, the maximum amount of housing provident fund loan shall not exceed 70% of the total amount of housing fund; the formula of housing provident fund loan amount: the sum of the personal monthly deposits of the borrower and his / her spouse & divide; the actual deposit proportion & times; 12 (month) & times; 0.45 (repayment ability coefficient) & times; the loan term (the longest loan period). If the deposit proportion of the husband and wife is inconsistent, the actual deposit proportion shall be determined by the higher Party International deposit ratio. Not higher than the loan limit determined according to the repayment ability of the loan applicant and spouse. The monthly repayment / income shall not be more than 50% when applying for the provident fund loan (including the sum of the existing liabilities and the current liabilities).
The benefits of provident fund loans are the first choice for many rigid families, but in reality, not all real estate projects support provident fund loans. However, most of the sales offices can still borrow from the provident fund. It is possible that the interest of the provident fund loan is not so high, and the procedures of the provident fund loan are relatively complex, so you must first be familiar with the knowledge of buying houses with the provident fund loan.