Comprehensive interpretation of the seven conditions that need to be met for Suzhou provident fund loans. Do you meet them?

Starting from 2020, our city has adjusted some provident fund loan policies in accordance with the Suzhou Municipal Government's "Opinions on Promoting the Stable and Healthy Development of the Real Estate Market in Suzhou". "Opinions on Stable and Healthy Development of the Market", our city has adjusted some provident fund loan policies. The Municipal Provident Fund Center provided a detailed interpretation of the latest loan policy to help employees make full use of their housing provident funds. Housing provident fund. To apply for a loan, you need to meet several conditions at the same time
In the new policy, the conditions for loan applicants remain unchanged, specifically: employees who have paid housing provident funds in the administrative area of this city and contribute to the purchase of housing can apply for provident fund loans as loan applicants. . If the employee himself and his spouse, parents (including father-in-law, mother-in-law or father-in-law, mother-in-law), and children (including daughter-in-law and son-in-law) jointly invest in purchasing a house, they can jointly apply for a provident fund loan.
The spouse of the loan applicant, other co-buyers of the house, and their spouses shall serve as co-loan applicants. Employees who have paid housing provident funds in Suzhou Industrial Park, as well as employees in the Shanghai area of Shanghai Railway Bureau who have paid housing provident funds in Shanghai and whose families are located in Suzhou City, can be loan applicants or joint loan applicants who participate in the calculation of the loan limit. The provident fund payment and provident fund loan records of the borrower applicant or the co-borrower who participates in the calculation of the loanable limit at the Suzhou Industrial Park Provident Fund Management Center shall be regarded as the records at the Municipal Provident Fund Center.
Borrowing applicants and co-borrowing applicants who apply for provident fund loans must meet the following conditions at the same time: The borrowing applicant or co-borrowing applicant who participates in calculating the loan limit must pay and deposit the housing provident fund in full and on time continuously before the date of application. More than six months (inclusive), and the personal housing provident fund account (hereinafter referred to as the personal account) is in normal payment status at the time of application. There is no provident fund loan balance. Apply for a provident fund loan for the first or second time to purchase a self-occupied house within Suzhou City, including ordinary The down payment for the purchase of houses, townhouses (houses), and serviced apartments (annual property rights) shall not be less than the prescribed ratio. If the loan guarantee can be implemented and the guarantee guarantee method is selected, the real estate development company to which the purchased house belongs shall go through the real estate registration procedures in accordance with regulations. .
There are two calculation methods for the loan limit
According to the new regulations, regardless of new housing or existing housing, if an employee applies for a pure provident fund loan for the first time, the down payment proportion should not be less than % of the total housing price. When applying for a pure provident fund loan for the first time, the down payment ratio should be no less than % of the total housing price. If you apply for a housing provident fund and commercial combination loan, if there are no other commercial housing loans or the commercial housing loan has been paid off in full, the down payment ratio should be Not less than % of the total price of the house. If there is an unpaid commercial housing loan, the down payment ratio should not be less than % of the total price of the house. The above all include the loft price and fine decoration amount that are stated in the house purchase contract (agreement) and included in the total price of the house.
There are two calculation methods for the loan limit of provident fund loans, and employees can choose either one.
The first is calculated as a multiple of the personal account balance: times the sum of the personal account balances of the loan applicant and the co-borrower applicants who participate in the calculation of the loan limit. If the sum of the personal account balances is less than 10,000 yuan, it is calculated as 10,000 yuan. . For moderate-to-low-income families with housing difficulties purchasing affordable housing, their loan limit can be increased by no more than 10,000 yuan.
The second is based on repayment ability. The formula for calculating the loanable limit is: the sum of the monthly salary base paid and deposited by the borrower (including the co-borrower applicants who participate in the calculation of the loanable limit) % (prescribed proportion) (months) and the loan period (years).
The relevant policies are clear. The loan limit of provident fund loans should also meet the requirements of various aspects.
The first is to not exceed the maximum loan limit. Regardless of new housing or existing housing, the maximum household loan limit is 10,000 yuan. If only the loan amount is calculated by the borrower, the maximum loan limit shall not exceed 10,000 yuan. If the provident fund loan is used for the first time to purchase a new ordinary house or existing housing within a square meter of floor area (inclusive), and the total housing price does not exceed 10,000 yuan, the maximum shall not exceed 10,000 yuan. % exceeding the total price of the house
The second is not exceeding the difference between the total price of the house and the down payment paid. At the same time, if the multiple of the personal account balance is selected to calculate the loanable limit, the monthly repayment amount (calculated according to the equal principal and interest repayment method) shall not exceed the sum of the housing provident fund payment base of the borrower applicant and the co-borrower applicants who participate in the calculation of the loanable limit. of%.
If the amount of provident fund loan applied for by the borrower is not enough to pay the price required to purchase a house, the borrower can also apply for a commercial personal housing loan from the trustee bank, and the trustee bank will issue it to the borrower in the form of a combination loan. The commercial loan part of the loan shall be implemented in accordance with the relevant regulations of the trustee bank.
The maximum loan period for newly built housing is years
The provident fund loan period is in years. The sum of the loan period and the age of the borrower when applying for the loan shall not exceed the legal retirement age. The maximum period for newly built housing shall not exceed years. , the existing housing stock shall not exceed years, and shall not exceed the remaining useful life of the purchased housing.
The interest rate of provident fund loans shall be based on the interest rate standards and relevant regulations announced by the People's Bank of China on the day of disbursement. If the interest rate changes during the loan period, it shall be adjusted according to the following provisions: For loans with a loan period of one year, the interest rate will not be adjusted. For loans with a loan period of more than one year and which have been issued before the adjustment date, the corresponding interest rate will be adjusted from the month and day of the following year. Interest rate grades implement new interest rate regulations.
When applying for a provident fund loan, the borrower applicant should also apply for a loan guarantee. Specifically, you can choose from the following guarantee methods: Securities (treasury bonds and treasury bills in the name of the borrower or a third party, except those that cannot be pledged according to national regulations) , or the pledge guarantee of the valuable certificate of the local and foreign currency time savings deposit certificate of the trustee bank, the loan applicant or the pledge guarantee of the equal amount of the housing provident fund balance of the third-party personal account. The housing purchase guarantee institution is jointly and severally responsible for the guarantee.
If the borrower chooses the pledge guarantee method of securities or valuable certificates, he should sign a written pledge contract with the trustee bank and deliver the securities or valuable certificates to the trustee bank within the time limit stipulated in the contract. If he chooses an equal amount If the housing provident fund balance is pledged as a guarantee, a written pledge contract should be signed with the trustee bank, and the provident fund management agency will handle the freezing procedures for the corresponding personal accounts. If the guarantee method is chosen, a written guarantee contract should be signed with the guarantee agency, and the provident fund management agency shall handle the freezing procedures of the corresponding personal accounts. Go through relevant procedures.
The repayment method can be changed once
To purchase a newly built house, the borrower should apply for provident fund from the date of signing the "Commercial Housing Sales Contract" and prepaying the house purchase price to the date of paying off the entire house purchase price specified in the contract. loan. If the specified period is exceeded due to special reasons, it can be extended by one month from the deadline with the approval of the provident fund management agency. The provident fund management agency shall make a decision on whether to grant the loan or not within days from the date of accepting the provident fund loan application. If the loan is approved, a loan application approval form shall be issued. If the loan is not granted, the reasons shall be stated.
Provident fund loans adopt the notice lending method. The accepting institution notifies the trustee bank in writing to issue the loan. After receiving the loan notice, the trustee bank will transfer the loan funds to the account of the house selling unit as required.
Provident fund loans adopt two repayment methods: equal principal and interest and equal principal. The borrower can choose either one.
During the performance period of the loan contract, the borrower can change the repayment method once. For commercial personal housing loans in portfolio loans, borrowers can choose a different repayment method from provident fund loans, that is, choose from equal principal or equal principal and interest repayment methods. If the provident fund loan has a term of one year, the principal and interest will be paid in one lump sum upon maturity, and the interest will be paid off along with the principal. If the provident fund loan term is more than one year, the principal and interest of the loan will be repaid in monthly installments.
The borrower can repay the loan in advance before the repayment due date stipulated in the loan contract, thereby shortening the loan term or reducing the monthly repayment amount. In addition, within the loan period stipulated in the loan contract and provided that the provident fund loan account is not overdue, the borrower can apply to adjust the monthly repayment amount once a year.
Relevant policies also make it clear that if the borrower fails to repay the principal and interest of the loan according to the repayment plan and repayment method stipulated in the loan contract and the loan is overdue, penalty interest will be calculated on the overdue amount according to regulations.
For loans that are overdue by borrowers for more than two consecutive months (inclusive), the provident fund management agency will establish collection accounts on a door-to-door basis and carry out focused collections. For loans that the borrower has been overdue for more than one month (inclusive) in a row, if the guarantee guarantee method is used, the guarantee company will repay all the principal and interest of the loan that the borrower has not yet repaid to the trustee bank in accordance with the guarantee contract. Executed in accordance with the pledge contract signed between the borrower and the trustee bank.
New policy loans are more favorable
The staff of the Municipal Provident Fund Center gave an example: employees Xiao Zhang and Xiao Li, both newly hired employees Xiao Zhang and Xiao Li A couple, an employee, used a provident fund loan to purchase a second-hand house for the first time, with a total price of 10,000 yuan. Xiao Zhang’s deposit is 10,000 yuan. The salary base is RMB, and the personal account balance is RMB 10,000. Xiao Li’s salary deposit base is RMB, and the personal account balance is RMB 10,000. Currently, housing provident fund loans are worth RMB 10,000. At present, the base interest rate (annual interest rate) is divided into two types: ~ year, which is the annual interest rate) is divided into two types: %% and above, which is .%%. For more than 10 years,
according to the original policy, the down payment is %, that is, . Because .10,000 yuan was applied for a portfolio loan.
The sum of the provident fund account balances of Xiao Zhang and Xiao Li exceeds 10,000 yuan. According to the method of multiplying the current balance to calculate 10,000 yuan, they can obtain a provident fund loan of 10,000 yuan, a commercial loan of 10,000 yuan, and a loan of 10,000 yuan. Based on the loan year, the principal and interest are equal to RMB 10,000. Calculate, calculate, the total principal and interest to be repaid is 10,000 yuan. Ten thousand yuan.
According to the new policy, although the account balances of Xiao Zhang and Xiao Li are only . The provident fund loan reaches 10,000 yuan, and the commercial loan part is only 10,000 yuan. . Ten thousand yuan. Calculated based on the loan year and the equal principal and interest method, the total principal and interest to be repaid is RMB 10,000. The two are worth 10,000 yuan each.
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