What are the requirements for provident fund loans?

Housing provident fund loan to buy a house is a major trend in the current new situation. The interest rate of provident fund loan to buy a house is lower than the commercial loan interest rate. For most home buyers, applying for a housing provident fund loan will be their first choice for buying a house loan. So how to use provident fund to get a loan to buy a house?

1. When applying for a housing provident fund loan, you must first meet the following conditions

(1) Have a permanent residence in this city or other valid residence status and full capacity for civil conduct.

(2) The signing of a legal and valid house purchase contract or agreement, and the first installment of the house purchase payment shall be paid in accordance with the prescribed proportion.

(3) The ability to repay the principal and interest of the Huiling loan on time while having a stable career and income.

(4) You must pay the housing provident fund in full for 6 months on a monthly basis to apply for a loan.

(5) The individual has good credit.

(6) There are no other large debts that can affect the repayment ability of the loan.

(7) The monthly expenditure shall not exceed 50% of the monthly household income to repay various types of housing loans including the personal housing provident fund loan to be applied for. The monthly expenditure of the household after deducting the monthly loan repayment expenditure shall not exceed Lower than the city’s minimum living standard.

(8) Other conditions that comply with national laws and regulations.

2. Information required for applying for a housing provident fund loan and the VeChain process:

(1) Go to the office window of the local housing provident fund management center and fill out the "Housing Provident Fund Loan" 3 copies of "Application Approval Form".

(2) The borrower’s and his spouse’s household registration book, ID card, original and 3 copies of the marriage certificate. Single residents must provide the original single certificate and divorce certificate issued by the civil affairs department. 3 copies.

(3) The housing development unit's "Completion Acceptance Certificate", a copy of the "Business License", the "Commercial Housing Sales License", the "Commercial Housing Pre-sale License" (off-plan), the original of the large-scale housing certificate and Make 3 copies of the copy. Or the original and 3 copies of other legal and valid house purchase contracts.

(4) For houses that are mortgaged or pledged, the original and 3 copies of the ownership certificate of the mortgage or pledge rights must be provided, as well as written proof that the person with the right to dispose of the property agrees to the mortgage (pledge). Original and 3 copies.

(5) Guarantee requires the guarantor to issue 3 original written commitments agreeing to provide guarantee. And provide 3 copies of the materials proving the guarantor's ability to guarantee (including credit rating certificate, business license, qualification level certificate, financial statements for the past three years, etc.).

(6) The original and copy of the first-year sliding payment payment documents (bank invoices, invoices, cash payment notes, receipts, etc.) for the borrower's payment of more than the specified proportion of the price of the purchased house. 3 copies.