How long does it take for Linyi provident fund loan approval

How long does it take for Linyi Provident Fund loan approval?

How long does it take for Linyi Provident Fund loan approval? The Provident Fund Center will decide whether to approve the loan or not within 8 working days from the date of receiving the loan materials. It is decided that if the loan is approved, each branch of the Provident Fund Center will entrust the trustee bank to sign the "Housing Provident Fund Loan Contract" with the borrower. How long does it take for Linyi Provident Fund loan approval. How long does it take for Linyi provident fund loan approval? 1

It usually takes 2 to 3 months to complete the provident fund loan approval, and the housing provident fund loan rules require that the loan cannot be issued longer than three months.

The time course of provident fund loans:

1. If a provident fund loan does not require review, it usually takes about half a month after the materials are submitted to be approved.

2. After the approval is passed, the transfer process must be carried out, and the loan will be released approximately 7 to 10 days after the transfer procedures are completed.

Conveniences of the Provident Fund New Deal

Convenience 1: The upper limit of the ratio of monthly repayment to monthly income is controlled at 50% to 60%

Housing provident fund funds at the end of August 2015 Districted cities with a utilization rate below 85% must comprehensively consider local housing price levels, loan demand and borrowers' repayment capabilities to increase the actual amount of housing provident fund personal housing loans. On the premise of ensuring the borrower's basic living expenses, the upper limit of the ratio of monthly repayment to monthly income is controlled at 50% to 60%.

Convenience 2: Extended repayment period

The loan repayment period can be extended to 5 years after the borrower’s legal retirement age, and the maximum loan period is 30 years. Promote the monthly transfer of housing provident funds to offset loan principal and interest.

Convenience three: Allow deposit-paying employees to apply for loans from the housing provident fund management agency in the same city

The housing provident fund management center and sub-center in the same districted city should unify the housing provident fund withdrawal and loan policies and coordinate Use loan funds. When the housing provident fund management center or branch center has insufficient loan funds, depositing employees are allowed to apply for loans from the housing provident fund management agency in the same city. Cities where conditions permit should actively promote the securitization business of housing provident fund personal housing loans and revitalize housing provident fund loan assets.

Convenience 4: Simplify the off-site loan process

Employees who pay deposits purchase a house outside the place of deposit can apply to the Housing Provident Fund Management Center of the place of purchase in accordance with the personal housing loan policy of the housing provident fund in the place of purchase. Personal home loan. The housing provident fund management centers at the place of deposit and the place of purchase should cooperate with each other to issue and confirm deposit certificates and other materials in a timely manner and handle loan procedures.

At the same time, if employees who contribute to the housing provident fund apply for personal housing loans and agree to calculate their monthly income based on their monthly housing provident fund payment, the unit does not need to issue proof of employee income. When applying for withdrawing housing provident funds from rented commercial housing for employees, no other supporting documents are required except for identification and proof that you and your spouse do not own a house. How long does it take for Linyi provident fund loan approval2

Linyi provident fund loan conditions

1. Have a permanent residence in Linyi City or a valid residence certificate;

2. Continuously pay in full Deposit the housing provident fund for more than 6 months, or withdraw the provident fund and continue to pay for more than 6 months;

3. Purchase, build, renovate, and overhaul self-occupied ordinary housing (excluding commercial housing) within the city's area Living in dual-use housing) and having relevant procedures, documents and the required proportion of self-raised funds delivered;

4. Have stable income, good credit, and the ability to repay the principal and interest of the loan;

< p> 5. Agree to provide guarantee in accordance with the guarantee method recognized by the Provident Fund Center;

6. Agree to perform repayment obligations on time in accordance with the relevant provisions of these Measures and the "Housing Provident Fund Loan Contract";

< p>7. Other conditions stipulated by laws, regulations, rules and Provident Fund Center.

What is the procedure for applying for a housing provident fund loan?

1. The borrower obtains the Housing Provident Fund Loan Application Form from each branch of the Provident Fund Center and truthfully fills in the "Housing Provident Fund Loan Application Form" 》, and also attach all the materials to be submitted to the Provident Fund Center for review.

The main contents of the review include: the borrower’s housing provident fund payment, loan purpose, loan content, loan credit, etc.;

2. The Provident Fund Center will make a decision within 8 working days from the date of receipt of the loan materials. The decision of granting a loan or not granting a loan shall be made and the borrower shall be notified;

3. If a loan is granted, each branch of the provident fund center shall entrust the trustee bank to sign a "Housing Provident Fund Loan Contract" with the borrower and handle the mortgage guarantee Procedures;

4. The trustee bank issues loans to the borrower. How long does it take for Linyi provident fund loan approval? 3

How to get Linyi provident fund loan

1. To apply, the applicant submits application materials to the central outlet.

2. Acceptance and preliminary review of application materials. After review, if the application materials are complete and comply with the legal form, it will be decided to accept it. If the application materials contain errors that can be corrected on the spot, the person with the right to correct shall be allowed to make corrections on the spot, and the corrector shall sign or seal the correction and indicate the date of correction; if the application materials are confirmed to be complete and in legal form, a decision shall be made be accepted.

3. Review/audit, whether the submitted materials are complete and in compliance with the legal form; if the materials need to be verified, verify the relevant materials.

4. Approval, making a decision to handle or not to handle the matter based on the review situation.

5. Deliver the application, inform the individual that the housing provident fund loan has been successfully processed, and issue a business completion notice.

Loan interest rate

It shall be implemented in accordance with relevant national regulations.

1) If you use a housing provident fund loan for the first time, the interest rate will be based on the benchmark interest rate;

2) If you use a housing provident fund loan for the second time, the interest rate will be based on 1.1 times the benchmark interest rate. ;

3) If the loan period is one year, the contractual interest rate will remain unchanged if the statutory interest rate is adjusted;

4) If the loan period is more than one year, if the legal interest rate is adjusted, the loan interest rate will remain unchanged. Starting from January 1 of the following year, the new interest rate will be implemented according to the corresponding grade.