Measures of Changde Municipality on the Administration of Housing Provident Fund Loan

Since 2011Changde promulgated the Measures for the Administration of Housing Provident Fund Loans, the buyers in Changde, Changsha have benefited a lot. However, some citizens still don't know much about this. First of all, Bian Xiao reiterated the relevant provisions of the Measures for the Administration of Housing Provident Fund Loans in Changde City.

Measures of Changde Municipality on the Administration of Housing Provident Fund Loan

Chapter I General Principles

Article 1 In order to standardize the housing provident fund loan behavior, guard against the risks of housing provident fund loans, and safeguard the legitimate rights and interests of both borrowers and borrowers, these Measures are formulated in accordance with the State Council's Regulations on the Administration of Housing Provident Fund, China People's Bank's Measures for the Administration of Individual Housing Loans, People's Republic of China (PRC) Guarantee Law and other laws and regulations, and combined with the actual situation of this Municipality.

Article 2 These Measures shall apply to the management of housing provident fund loans within the administrative area of this Municipality.

The term "housing provident fund loan" as mentioned in these Measures refers to the special loan with housing provident fund as the source of funds, which is issued by the municipal housing provident fund management center to the employees who enter the housing provident fund system management in the whole city, and is directed to purchase, build and overhaul their own houses.

Article 3 The Municipal Housing Provident Fund Management Center (hereinafter referred to as the Management Center) is responsible for preparing the plan for the use of housing provident fund loans and the report on the implementation, examining and approving housing provident fund loans, and supervising the borrowing and principal and interest settlement of housing provident fund loans.

District, county (city) housing provident fund management department (hereinafter referred to as the management department) is the central institution responsible for the preliminary examination, issuance and post-loan management of housing loans.

Article 4 The Center shall determine the maximum planned control amount of housing provident fund loans in the whole city in the next year according to the actual amount of housing provident fund loans issued in the current year and the annual use funds of housing provident fund.

The risk of housing provident fund loans shall be borne by the center.

Chapter II Management

Fifth housing provident fund loan business by the center and the management department commissioned by commercial banks.

When the center and the management department entrust to handle housing provident fund loans, they shall sign a written contract with the entrusted bank, and inspect and supervise the use of housing provident fund loan funds in accordance with the entrustment contract. The entrusted bank shall, in accordance with the provisions of the entrustment contract, provide relevant statistical statements and other materials to the center or management department on a regular basis.

Article 6 The entrustment contract signed between the management center and the entrusting bank that undertakes housing provident fund loans shall include the following contents:

(1) Name of the entrusting party;

(2) Entrust matters;

(three) the time and method of disbursement of loan funds;

(4) Being responsible for supervising the use of loan funds;

(five) the preparation of housing provident fund loans statistics;

(six) the risk responsibility of housing provident fund loans;

(seven) the commission fee and the conditions, time and method of payment;

(8) Term of entrustment;

(9) Liability for breach of contract;

(ten) other matters that the parties think need to be agreed.

Chapter III Loan Conditions and Procedures

Article 7 Employees who meet the following conditions at the same time may apply for housing provident fund loans:

(a) the actual deposit of housing provident fund for more than one year, and there is no record of continuous suspension of payment within 6 months before applying for a loan (demobilized cadres can borrow from the month after the deposit of provident fund);

(two) the loan is used for the purchase, construction and overhaul of self-occupied housing, and the loan time is not more than 2 years from the date of purchase, construction and overhaul of self-occupied housing;

(3) The down payment for house purchase accounts for more than 30% of the total house price (including 30%);

(4) Good reputation, stable occupation and income, and the ability to repay the loan principal and interest on schedule.

Article 8 The houses purchased, built and overhauled by the borrower are limited to houses with ownership on urban land within the administrative area of this Municipality for personal residence.

Article 9 The borrower shall apply for a loan to the center or the management department, fill in the loan application form, and provide the following supporting materials:

(a) a copy of my ID card or residence booklet;

(2) The borrower's basic information, spouse's information, and proof of the spouse's work unit;

(3) Monthly payroll stamped with the financial official seal of the borrower's unit;

(4) Procurement contracts or agreements;

(5) Purchase down payment voucher (exceeding 30% of the total contract price).

To apply for housing provident fund loans to build self-occupied housing, in addition to the materials in Items (1), (2) and (3) of the first paragraph of this article, land certificates and construction land permits are also required.

To apply for individual housing provident fund loans for self-occupied housing overhaul, in addition to providing materials in Items (1), (2) and (3) of the first paragraph of this article, it is also necessary to provide the overhaul certificate, the balance sheet of the housing provident fund of the person and the co-guarantor, and the co-guarantor shall not withdraw the provident fund from the account before the borrower pays off the loan.

Tenth employees directly under the unit to apply for housing provident fund loans, accepted by the center; Employees of other units applying for housing provident fund loans shall be accepted by the local management department of the unit.

Article 11 After accepting the borrower's application, the Center (Management Department) shall send personnel to conduct on-the-spot investigation on the borrower in time before lending. The main contents of the survey are as follows:

(1) The borrower's willingness to repay the loan;

(2) repayment ability during the loan period;

(three) whether the borrower is used for the purchase, construction and overhaul of owner-occupied housing;

(4) the stability of the borrower's occupation and income;

(5) The social integrity of the borrower.

Article 12 The management department shall report the loan opinions to the center before 5th and 20th of each month after the preliminary examination. Every month 10 and 25th (postponed on holidays), the central loan review team will collectively study and approve the city's loans.

Thirteenth approved loans shall be signed with the borrower housing provident fund loan contract.

Fourteenth after the signing of the loan contract, the borrower shall handle the mortgage registration and other property rights certificates.

Article 15 The center or management department transfers the entrusted funds according to the loan contract, and the entrusted bank transfers them into the deposit account opened by the borrower.

Chapter IV Loan Amount, Term and Interest Rate

Sixteenth each housing provident fund loan amount is generally not more than 60% of the housing appraisal price (the price at the time of the sale of new houses). The new house refers to the house directly sold by the real estate developer or the selling unit, and the purchase time of the house is not more than 2 years from the loan time.

Seventeenth each housing provident fund loan period shall not exceed 20 years, and the repayment period shall not exceed the statutory retirement time of the borrower.

Eighteenth loan interest rates according to the housing provident fund loan interest rate standards promulgated by the People's Bank of China.

Nineteenth housing provident fund loans to take monthly matching principal and interest repayment:

Monthly interest rate ×( 1+ monthly interest rate) repayment months

Monthly repayment amount = loan principal ×( 1+ monthly interest rate) repayment months-1.

Twentieth housing provident fund loan amount is determined according to the calculated monthly repayment amount, and shall not exceed the total monthly salary of the borrower.

Chapter V Underwriting

Twenty-first borrowers of housing provident fund loans must provide guarantees.

The guarantee of housing provident fund loan includes housing mortgage guarantee, individual housing provident fund joint guarantee and loan guarantee provided by guarantee institutions.

Twenty-second borrowers to buy and build self-occupied housing to apply for housing provident fund loans, you can use the purchased housing, built housing, existing self-occupied housing as collateral.

If the existing owner-occupied housing is used as collateral or the purchased second-hand housing is used as collateral, the existing owner-occupied housing or second-hand housing must be evaluated by a qualified evaluation agency, and the evaluation value is used as the basis for calculating the loan amount.

(The above answers were published on 20 13-08-30. Please refer to the actual situation for the current purchase policy. )

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