When applying for mortgage loan with housing accumulation fund, the loan interest rate is the lowest at this time, but the requirements of the bank for housing accumulation fund loan are also relatively high, so do you know how long the accumulation fund can be paid to buy a house? For those who want to buy a house, take a look.
1、 Use of provident fund
There are seven main uses of housing accumulation fund: purchase of houses; construction, renovation and overhaul of houses; rental of houses; purchase of houses by parents for their children; withdrawal of all balance from account cancellation; withdrawal and use of housing accumulation fund included in the scope of minimum living insurance or special hardship; treatment of major diseases.
Through the above use, it is not difficult to find that the provident fund has a great help for our life, especially for things related to the house, and the housing provident fund can bring us convenience.
2、 How long can housing fund be paid to buy a house with loan
First of all, the borrower applying for the loan needs to establish a housing accumulation fund account for more than one year, and at the same time needs to pay the normal housing accumulation fund in full for more than one year. The normal deposit here refers to: Monthly continuous deposit, prepayment and supplementary payment of housing provident fund.
Secondly, after the above conditions are met, the borrower's provident fund account shall be in the state of deposit when applying for loan.
In addition, for the units approved by the core and in the status of deferred payment, their employees can apply for loans when they meet the conditions of establishing a housing fund account for one year or more and paying the housing fund in full for more than one year.
Although the loan conditions are not the same all over the country, the general loan applicants need to meet the following conditions:
1. According to the standards of the core regulations on the management of housing accumulation fund in all provinces and cities, if the continuous payment of sufficient housing accumulation fund meets the standards, and the borrower and his / her spouse have no loan debt of housing accumulation fund, and have not provided loan guarantee or auxiliary loan to other borrowers of housing accumulation fund, they can apply for housing accumulation fund loan.
2. The purpose of applying for the provident fund loan is: to purchase, construct, rebuild, overhaul and decorate the urban self housing. The owner of the house or the user of the house who purchases the public housing; the immediate relatives who live with the owner of the house or the user of the house may apply for the provident fund loan.
3. The borrower shall have stable income, good personal credit and the ability to repay the loan principal and interest.
4. It shall have the relevant procedures for purchasing, constructing, renovating, overhauling and decorating its own housing, the approval documents of the land, construction, planning and other departments, and the self financing funds of the specified proportion.
5. Provide guarantee in accordance with the guarantee law of the people's Republic of China and recognized by the management core.
6、 Other specified conditions.
Meet these conditions, you can apply for housing provident fund loans.
3、 Purchase process of housing fund loan
1. The borrower shall submit a written application to the housing fund management core, fill in the application form for housing fund loan and submit relevant materials.
2. The provident fund management core reviews the qualification of loan applicants, the qualification of guarantors, the amount of loan and the term of loan. After passing the review, the borrower and the provident fund management core sign relevant contracts or agreements, and handle insurance according to the regulations of the people's Bank of China.
3. After the completion of the loan procedures, the municipal housing fund management core issues a loan approval notice to the bank, and the bank handles the loan transfer procedures after receiving the loan notice.
At present, when applying for a mortgage loan to buy a house, the buyer needs to choose an appropriate loan method based on his own situation. Common loans include commercial loans, provident fund loans and their combination loans. Because the interest rate of provident fund loans is the lowest, there are naturally many people who want to buy a house through this way. Among them, it is necessary to know how long the housing accumulation fund can be paid and what conditions can be met before using the housing accumulation fund loan.