As we all know, almost all the house related expenses can be used in the provident fund. As long as meet the conditions, can apply for provident fund loans. But provident fund loans are limited, and there may be differences in each city. So, how much can Shanghai Provident Fund loan? Let's have a look.
The amount of provident fund loan in Shanghai can be divided into the following four situations: when purchasing the first housing, one person can participate in the loan, and the amount can reach 600000; when purchasing the first housing, two or more people can participate in the loan, and the amount can reach 120000; when purchasing the second improved housing, one person can participate in the loan, and the amount can reach 500000; when purchasing the second improved housing, one person can participate in the loan, and the amount can reach 500000; Purchase of a second improved housing, more than two people participate in the loan, the amount can reach 1 million.
It should be reminded that the amount of loans we can obtain will also be affected by other factors: it shall not be higher than the maximum amount of loans determined by the multiple of the sum of the balance of the provident fund accounts of the borrowers and co borrowers and the multiple of the sum of the supplementary balance; it shall not be higher than the total amount of the house after deducting the down payment of the house; it shall not be higher than the maximum amount of loans determined by the multiple of the sum of the balance of; It shall not be higher than the maximum loan limit determined by the joint repayment ability of the borrower and the co borrowers.
The main procedures of Shanghai Provident Fund loan are as follows: when applying for housing provident fund loan, the lender needs to submit a written application to the bank, fill in the housing provident fund loan application form and provide the required information truthfully; for the loan application with complete information, the bank will accept and review it in time and report it to Shanghai Provident Fund Center in time; Shanghai Provident Fund Center is responsible for examining and approving the loan and informing the Bank of the result in time.
The bank shall inform the applicant to go through the loan procedures according to the approval results of the provident fund center. The borrower's husband and wife shall sign the loan contract and relevant contract or agreement with the bank, and send the loan contract and other procedures to the provident fund center for review. After the approval of the provident fund center, the entrusted loan fund shall be allocated, and the entrusted bank shall issue the loan in full and on time according to the loan contract. It should be noted that the provident fund loan must be paid and deposited continuously for three months, and the loan is still paid and deposited continuously.