Wenzhou Commercial Housing Loans To Provident Fund Loans How To Handle?

From November 1st onwards, our employees who meet the relevant conditions can apply for commercial housing loans to individual housing provident fund loans, which will directly reduce the "mortgage slaves" repayment interest payments, shoulder burden began to light.

Roughly calculating accounts, converting commercial loans repaid in 400 thousand yuan to 20 years into provident fund loans can reduce interest payments by about 600 yuan per month.

Commercial housing loans can be pferred to provident fund loans. According to the regulations, the loan amount can not exceed the balance of individual housing loans of commercial banks, and the total amount of loans can reach up to 500 thousand yuan.

What about loan pfer procedures?

What should we pay attention to?

(www.wzgjj.com of the housing provident fund website): the borrower who has already taken the personal housing consumption loan in the commercial bank and has the qualification of the individual housing provident fund loan, pfers the personal housing consumption loan of the commercial bank to the individual housing accumulation fund loan or the individual housing accumulation fund combination loan.

Among them, the time limit for commercial personal housing loan must comply with the relevant provisions of the time limit for individual housing provident fund loan at that time.

If a worker requests for commercial personal housing loan to pfer to the individual housing accumulation fund loan business, he must apply to the sub centers and the management department beforehand, and fill in the application form of the commercial housing loan to individual housing provident fund loan in Wenzhou. After the examination and approval of the sub center and the management department, the loan pfer procedure can be processed, so as to avoid unnecessary losses.

The materials required are: staff and workers handling commercial personal housing loans to individual housing provident fund loan business. Apart from providing personal data and borrowers and their housing related information, they also need to provide the original commercial bank's personal housing consumption loan contract, loan balance or relevant proof materials for raising the loan.

Application procedures: when the loan is pferred, it can be handled according to the following ways: (1) the self raised funds will repay the loan ahead of time: 1. If the purchased house fails to handle all the housing ownership certificates, the borrower should provide a stage guarantee for the developer who has been approved and signed by the housing provident fund management department within one month after the loan has been paid off in advance.

2, the purchased houses have already handled all the housing warrants, and have been registered with the mortgages. The borrower will take the purchased housing as a personal housing accumulation fund loan collateral within one month after the loan has been paid off in advance.

(two) providing intermediary guarantees by intermediaries: if the borrower has difficulties in making the repayment of funds in advance, the intermediary organizations that are approved and signed by the housing provident fund management department shall provide phased guarantee. The pfer procedures shall be processed first, and the mortgage registration shall be completed according to the provisions of the intermediary machinery, or the advance registration procedures for the mortgage of commercial housing should be pre ordered.

The interest rate of personal housing provident fund deposit and loan is from October 27, 2008 onwards. The annual interest rate of individual housing provident fund loans under five years (including five years) is adjusted from 4.32% to 4.05%, and the annual interest rate of individual housing provident fund loans over five years is adjusted from 4.86% to 4.59% (the monthly interest rate is 3.825%).

) down 0.27 percentage points respectively.

From October 30, 2008 onwards, the annual interest rate of personal housing provident fund held in our city last year was adjusted from 3.15% to 2.88%, down 0.27 percentage points.