Dongguan provident fund new deal: the longest loan is 30 years, and the loan limit of the first suite is 1.2 million

category:Finance
 Dongguan provident fund new deal: the longest loan is 30 years, and the loan limit of the first suite is 1.2 million


According to the interpretation of Dongguan housing provident fund management center, since the trial implementation of commercial to public loan in 2011, the requirement of commercial to public loan must be converted into pure provident fund loan. With the continuous rise of housing prices, the public is increasingly calling for increasing the sequential mortgage mode of commercial to public loan. Employees can turn part or all of the commercial loans into provident fund loans, no longer requiring pure provident fund loans, which will open the door for employees who cant pay off the loan balance between commercial loans and provident fund loans to apply for provident fund loans, which is of practical significance for employees who do not meet the conditions of provident fund loans in the early stage but can now apply for commercial loans.

The conditions for the loan line to be applied for floating up show that, in any case where the purchase of prefabricated housing, Dongguan City identified characteristic talents or the calculation of five consecutive years (accumulatively remitted and paid for 60 months) before applying for the loan is not withdrawn, the loan line can be floating up to 20% on the basis of the calculation formula, but shall not exceed the specified limit, and the floating up limit shall not be accumulated. According to the notice, the maximum loan limit is 1.2 million yuan for the first and 800000 yuan for the second.

In addition, according to the notice, only the first-hand house (including business to public transfer) with a floor area of less than 90 square meters can apply for a loan of up to 30 years, which is now cancelled. The application for the loan with a maximum term of 30 years only needs to be verified within 5 years after the employees legal retirement age and the mortgage housing land use right.

And for the situation that the provident fund loan had been applied for before the announcement of the notice, but it could only be used for 20 years at that time, Dongguan housing provident fund center said that it could apply for extension.

According to the notice, within the normal repayment period, the loan period can be extended, but the maximum is no more than 30 years, 5 years after the borrowers legal retirement age and the mortgage housing land use right.

In terms of repayment method, notice shows that on the basis of retaining the equal principal and interest repayment method, the equal principal repayment method is increased. Once the loan contract is signed, the change of repayment method is not supported temporarily.

The following is the original:

Employees who pay the housing fund:

The administrative measures for personal housing loan of Dongguan housing provident fund (hereinafter referred to as the loan measures) will be implemented from March 1, 2020, and the new business guide for loan and the Dongguan housing provident fund personal housing loan and guarantee contract will be put into use simultaneously. At that time, the main changes of the housing fund personal housing loan policy and the key points of the continued implementation of the loan policy are as follows:

1u3001 Ranking mortgage method of new business to public loan

Employees who have used commercial loans to purchase their own housing in this city can apply for converting part or all of the commercial loans into provident fund loans, and no longer need to convert them into pure provident fund loans.

2u3001 Floating up of new loanable amount

3u3001 The maximum term of loan is set as 30 years

In the past, only the first-hand house (including commercial to public transfer) with a building area of less than 90 square meters can apply for a loan for a maximum of 30 years. Now, this restriction is cancelled. The application for the loan with a maximum term of 30 years only needs to be verified within 5 years after the employees legal retirement age and the mortgage housing land use right.

On the basis of retaining the repayment method of equal principal and interest, increase the repayment method of equal principal. Once the loan contract is signed, the change of repayment method is not supported temporarily.

5u3001 New extension method

Within the normal repayment cycle, the loan period can be extended, but the maximum is no more than 30 years, 5 years after the borrowers legal retirement age and the mortgage housing land use right.

6u3001 Cancel the repayment time limit of prepayment and term change

The borrower is no longer required to repay for at least 12 months when applying for prepayment or term change (shortening or extension).

7u3001 Liquidated damages will be charged for 12 consecutive months after loan suspension

If the depositor fails to go through the formalities of delaying the payment, or fails to cancel the housing fund account due to death, retirement or emigration, the borrower will stop paying the housing fund for 12 consecutive months after the loan is granted, the municipal housing fund management center and the lender will recover the loan in advance or collect the liquidated damages by 30% of the loan interest rate agreed in the loan contract, until the loan is paid and settled in accordance with the regulations The housing fund will last for 6 months.

8u3001 After the transfer formalities are completed, the buyer shall apply for loan in time

In case of purchase of re traded commercial housing and the ownership of the housing has been transferred to the name of the buyer, an application for loan shall be made within 3 months from the date of issuance of the real estate ownership certificate.

9u3001 Adjust the verification method of supply to income ratio

The monthly repayment amount of the provident fund loan shall not be higher than the specified proportion of the monthly income of the employees family, and the monthly average repayment amount of the total debt of the family shall not exceed the specified range. The scope of debt includes but is not limited to commercial loans, guarantees to third parties.

10u3001 Relevant indicators in Article 29 of the loan measures

Article 8 (2) credit status: please refer to the loan guide for details. Article 8 the time limit specified in Item (3): account opening and full monthly deposit of accumulation fund for 6 months. Article 8 (5): no more than 60% of the family income (the deposit base of employees and their spouses). Article 10 the maximum loan limit of item 1: 1.2 million yuan for the first set and 800000 yuan for the second set. Article 10 (2): 70% of local applications for first suite, 60% of local applications for second suite and non local applications. Article 10 (3): 60%. Article 11 parameters of calculation formula of loanable amount: see loan business guide for details. Article 15 (1): 60 days. Extend reading ICBC to reduce the down payment of the first set to 20%? Response: keep the original policy unchanged, country garden area streamlines the industry fluctuation, under which the head real estate enterprise raises personnel to change moisture-proof and many fine-tuning real estate market policies, the down payment proportion of the local first set is reduced to 20%. Source: surging news editor: Wang Xiaowu NF

Article 8 (2) credit status: please refer to the loan guide for details.

Article 8 the time limit specified in Item (3): account opening and full monthly deposit of accumulation fund for 6 months.

Article 8 (5): no more than 60% of the family income (the deposit base of employees and their spouses).

Article 10 the maximum loan limit of item 1: 1.2 million yuan for the first set and 800000 yuan for the second set.

Article 10 (2): 70% of local applications for first suite, 60% of local applications for second suite and non local applications.

Article 10 (3): 60%.

Article 11 parameters of calculation formula of loanable amount: see loan business guide for details.

Article 15 (1): 60 days.