The latest information on the shanghai provident fund loan line is that the shanghai provident fund loan line is well established. China gold network, the shanghai city provident fund management centre, posted a document on the network announcing that the policy on the use of the housing provident fund would be adjusted in due course. This includes an increase in the ceiling of the personal loan line and the length of the second-hand loan to the shanghai city housing provident fund, effective 15 april, and a further relaxation of the conditions for drawing from the housing provident fund to pay rent, effective 1 may。
The shanghai provident fund “new deal” is mainly concerned with two documents, the circular on adjustment of the maximum and years of second-hand loans to the city housing provident fund, which has been in force since 15 april, and the circular on further liberalization of the conditions for payment of rents from the city's housing provident fund, which has been in force since 1 may。
Among them, the previous document showed that the maximum amount of personal loans for the purchase of the first home was adjusted from $300,000 to $500,000, and the maximum amount of family loans from 600,000 to 1 million, and that the maximum amount of personal loans for supplementary public funds was increased by 100,000 yuan to 500,000 yuan and the maximum amount of family loans by 200,000 yuan。
It is worth noting that the circular provides for the purchase of an improved second general-commodity housing unit, to be implemented in the light of the first housing purchase policy. The purchase of an improved second set of non-general commodity houses was adjusted accordingly by the ceiling of the provident fund. At the same time, the length of the second-hand mortgage has been adjusted. The maximum loan period for second-hand housing of 6 to 19 years of age is adjusted from 15 years to “35 years in difference with age”。
The loan ceiling is up to $1. 2 million
Policy: purchase of the first home, with a personal ceiling of rmb 300,000 to rmb 500,000, and the family ceiling of rmb 600,000 to rmb 1 million; if the supplementary fund is paid, the individual ceiling of rmb 100,000 and the family ceiling of rmb 200,000. The purchase of an improved second general-commodity housing unit is implemented in the light of the first housing policy. The purchase of an improved second non-ordinary commodity house was adjusted accordingly by the ceiling of the provident fund。
The policy was implemented from 15 april。
Interpretation: after the adjustment, the maximum amount of the loan per household was $1. 2 million, an additional $400,000, compared to the previous maximum of $0. 8 million, which would have required commercial loans at a base rate of interest and equivalent interest, $400,000, converted from commercial loans to public fund loans with a repayment period of 20 years, and a reduction of $418. 78 per month, or $462. 89 per month in 30 years, resulting in significant savings in the cost of home buyers。
Prior to the new deal, the policy of individual loans of up to $400,000 and family loans of up to $0. 8 million had been implemented since 1 september 2007, while the amount of loans implemented prior to 1 september 2007 was up to $300,000 for individuals and up to $500,000 for families. Thus, the adjustment for personal and family loans on 1 september 2007 was 33. 3 per cent and 60 per cent, respectively, while the adjustment was 50 per cent, or even 66. 7 per cent, which is almost the same as the previous adjustment。
The data show that in 2007, the average commercial housing price in shanghai was $10,056 per square metre, with a total value of $1. 33 million per commercial dwelling, while after seven years, the housing price was rising, reaching 3. 24 million yuan per condom in the city as a whole, which is 2. 44 times the price in 2007。
"old house" loan lengths
Policy: old second-hand accommodations are older than five years, with a maximum loan period of 15 years, and now 6 to 19 years old second-hand mortgages, the maximum of which is adjusted from 15 to 35 years。
The shanghai provident fund (shanghai provident fund) loan scheme is as follows:
I. Conducting business appointments
If you wish to apply for a loan from a pure housing fund, please make sure that you can call the shanghai city provident fund management centre at telephone number 021-12329 or log in to the shanghai housing fund network for a loan appointment, which will be assisted by a customer; when your appointment is successful, all co-applicants and co-borrowers must bring the following information at the time of the appointment to the designated loan processing unit for business purposes. If the appointment is not complete or the loan application is incomplete, the appointment will expire automatically!
Information to be carried
All co-applicants and co-borrowers who apply for a loan from the pure housing provident fund are required to sign in accordance with the operational appointment instructions; if they are unable to do so, for example, because of their physical health, they must issue a notarized certificate。
(i) an application for a loan requires the following:
1. Housing provident fund accounts for housing borrowers
2. Original identity card and copy (3 copies positive and negative) note: a minor under 18 years of age is required to provide a birth certificate and a guardian's certificate for an adult with no civil capacity
3. Original and copies of account books (in one full copy)
4. Original certificate of marriage (marriage certificate, divorce certificate/divorce agreement/court judgement, certificate of single (unmarried) civil authority, etc.) or other certificate of relationship (public authority, police station, etc.)
5. Private chapter for borrowers and co-borrowers
6. Provision of housing and related loan materials for developers (see table below):
Advance sale (terms)
Sale (current accommodation)
Original shanghai city housing advance contract
Original shanghai city housing sale contract
Original and copies of down payment invoices for more than 20 per cent of house price
Original and copies of down payment invoices for more than 20 per cent of house price
A copy of the developer's business licence, legal person's identity card, pre-sale licence (no need to be provided if the developer has reported)
A copy of the developer's business licence, corporate identity card, large-scale certificate (if the developer has reported it is not required)
Pre-registration certificates (originals required for premises located in karzing, jingan, ning and hwangura districts, copies of all other districts)
Application for a real estate transfer register in shanghai (developer stamped, original; tax clearance, etc.)
Account number received by developer or sales agent
Account number received by developer or sales agent
7. Borrower's repayment of bank cards, bank balances (building bank or shanghai farmer's bank)
(ii) pre-credit withdrawals require:
If the applicant has to do so before the loan, he or she shall carry the following materials for withdrawal:
1. Withdrawal of applicant's identification
Original and copy of the shanghai city housing pre-sale contract
Original and copies of down payment invoices of 20 per cent or more of the house price
4. Certificate of withdrawal from the shanghai city housing fund issued by the unit in which the applicant's housing fund account is maintained
5. When applying for withdrawal of the balance of the account of the personal provident fund, the application for withdrawal of the public provident fund from the co-depositor's housing fund must also be accompanied by proof of the relationship (marriage certificate, household register or civil registry certificate that can prove the relationship between them), identification of the co-depositor and confirmation of the co-depositor's consent; (note: co-depositor is limited to the spouse, direct blood relative or co-borrower of the person entitled to the property. I'm not sure
6. Pre-liberation provident fund recognition form
7. If an employee is unable to process the application in person, he or she may be entrusted to his or her spouse or immediate family member. In addition to providing the above-mentioned documentation, the chargé d ' affaires shall provide his or her personal identification, a certificate of relationship with the applicant (marriage certificate, household register or civil registry certificate) and a written order from the applicant。
(note: for the time being, pre-credit withdrawals can be processed at the business sites of the shanghai city provident fund management centre. I'm not sure
Small knowledge of provident fund loans:
Loans for both spouses
A general loan policy, such as an outstanding loan in the couple's accounts, may not be applied for again. If both spouses make a loan to buy a house, either before or after marriage, and if one of the spouses has done so, there will be a corresponding record in the central provident fund system. Until the last loan was paid, the couple could not again use the provident fund loan to buy a second house。
Provident fund loan suite ii
Buyers want to buy two flats, then the first flat is a zero loan. Borrowers use the provident fund loan to buy the first set of houses, and the provident fund loan cannot be applied for a second set of houses until it has been repaid. Re-use of the provident fund will be possible only if housing loans are repaid。
Provident fund loan withdrawals
Pre-prime fund accounts are managed. If the borrower withdraws the provident fund balance to pay for the house before the loan, then the amount of the provident fund loan is zero, which means you will not be able to apply for the provident fund loan。
Advance repayment of provident fund loans
The terms of the provident fund lending policy vary from city to city, depending on the relevant urban policy. Most municipalities, however, require early repayments after one year of repayment, which exceed six months. House buyers are reminded not to pay in advance during the first year of the loan。
Provident fund loan mortgage cancellation
When the loan is repaid, do not forget to cancel the mortgage. Once the principal of the loan and interest have been paid, it is imperative that the bank's loan settlement certificate and other property rights certificate of the mortgage be taken to the real estate trading centre in the district where the property is located。
Provident fund loans secured
The length of bank loans is generally less than 30 years, so the purchaser is the borrower. In particular, buyers who apply for bank mortgage loans should secure the contracts relating to the loans, after all, for decades and for more than a decade. The unwitting loss of any details in the house purchase process would cause unnecessary trouble to owners。
