At present, many people don't know much about the policy of housing accumulation fund loan. They don't know what is housing accumulation fund loan? What are the advantages of housing accumulation fund loan? What are the conditions to apply for housing accumulation fund loan? What should we pay attention to when applying for housing accumulation fund loan? Now we will answer these questions in detail for you.
What is housing fund loan?
Housing provident fund loan refers to the housing mortgage loan issued by the local housing provident fund management centers to the on-the-job employees who pay the housing provident fund and the retired employees who pay the housing provident fund during the on-the-job period by using the housing provident fund paid by the employees in their units. At present, China is vigorously implementing the policy of housing provident fund loan, which requires local governments, provident fund and real estate to implement the policy of housing provident fund loan in accordance with the regulations, so as to ensure that the provident fund payers can quickly and conveniently apply for housing provident fund loan.
What are the benefits of provident fund loans?
At present, China's housing accumulation fund loan system is becoming more and more perfect, and its benefits are also obvious. The first advantage is that the interest rate of housing fund loan is much lower than that of commercial loan, which can save a lot of loan interest. The second advantage is that the down payment of housing provident fund loan is low and the repayment method is flexible. Third, the provident fund loan is less restrictive on the houses purchased. Fourth, the maximum loan life of provident fund is 30 years, the monthly supply pressure is small, and the housing age limit is flexible. To sum up, there are many advantages of housing provident fund loans.
What are the conditions to apply for provident fund loan?
According to the regulations on housing accumulation fund in China, it is not necessary to apply for housing accumulation fund loan by paying the accumulation fund, but only those who meet certain conditions can apply for housing accumulation fund loan, such as purchase of self living housing, etc. Please refer to "what are the conditions of housing provident fund loan" for specific conditions.
What should I pay attention to when applying for provident fund loan?
The precautions for applying for housing accumulation fund loan are as follows: first, pay attention not to use accumulation fund before applying for loan. If the borrower withdraws the provident fund reserve balance before the loan to pay for the house, then the provident fund balance in your provident fund account is zero, so your provident fund loan limit is zero, which means you will not apply for the provident fund loan. Second, don't forget to cancel the mortgage after the loan is paid off. When you have paid off all the principal and interest of the loan, you can go to the real estate transaction center of the district and county where the real estate is located to cancel the mortgage with the bank's loan settlement certificate and other real estate right certificates of the collateral. Third, don't lose the loan contract and the receipt. Application for mortgage loan, loan contract and receipt signed by the bank and you are important legal documents. As the loan term can be up to 30 years, as a borrower, you should keep your contract and receipt properly.