Detailed rules of Wuhan provident fund loan: the upper limit of housing stock loan is extended to 30 years

category:Finance
 Detailed rules of Wuhan provident fund loan: the upper limit of housing stock loan is extended to 30 years


The commercial loans in the housing accumulation fund portfolio loans cannot be converted to public loans;

The loan application shall not be accepted if the lender and his / her spouse have used the provident fund loan respectively before marriage and now apply for the business to public loan in the name of husband and wife.

In addition, if the original commercial loan house is purchased in a non marital joint name, the commercial to public loan cannot be handled.

The repayment period after the issuance of commercial loan is changed from 6 months to 12 months

The provident fund center introduced that this provision is mainly from the perspective of commercial loan repayment to see the risk of transferring provident fund loans.

Extension of the loan period of commercial to public transfer of stock housing

In this detailed rules, not only the upper limit of the housing age (subject to the year of completion, the same below) of the stock housing business to public loan housing is adjusted from 20 years to 30 years.

In addition, the maximum term of the public transfer loan of the stock house is also extended from 20 years to 30 years, which is consistent with the relevant provisions of the detailed rules for the implementation of individual housing loan of Wuhan stock house housing provident fund.

The provident fund center introduced that the provision is mainly to respond to the loan demands of employees who purchase second-hand housing, and keep the same housing age with the current second-hand housing provident fund loan.

Business to public loans are also divided into first and second suites

The qualification of the first set of housing for business to public loan is: if the family (including myself, spouse and minor children) of the lender has only one set of housing in the information system of Wuhan real estate department, and it is the same set of housing with the housing to be applied for business to public loan, and there is no loan record in the Wuhan housing provident fund information system (hereinafter referred to as provident fund system), it shall be deemed as the first Housing.

The second set of commercial to public loan is determined by the following conditions: when the lender and his / her spouse apply for commercial to public loan, they have two sets of housing registered in the information system of Wuhan real estate department, one of which applies for commercial to public loan; or the lender and his / her spouse have less than two sets in the information system of Wuhan real estate department Housing, which has only one loan record in the provident fund system and has been settled, and one of the housing applicants is transferred to public loan;

In addition, in the detailed rules, there are also clear provisions on the determination of the number of housing units with changes in marital status. If the lender and his / her spouse have used the provident fund loan once and settled it before marriage, and now apply for the business to public loan in the name of husband and wife, it shall be recognized as the second set of housing; if they have used the provident fund loan to purchase a set of housing during the marriage, and one of them applies for the business to public loan after divorce, it shall be recognized as the second set of housing. The detailed rules for the situations requiring notarization have been added, i.e. if the property right of the house purchased by the original commercial borrower during the marriage is owned by itself, a notarial certificate for the joint ownership and repayment of the property right of the house purchased by the original commercial loan shall be issued when applying for the commercial public transfer loan. According to the relevant person in charge of the provident fund center, this provision is mainly to restrict the obligation of both husband and wife to repay after the commercial loan is transferred to the provident fund loan. Source: Wang Xiaowu, editor in charge of surging news_ NF

In addition, in the detailed rules, there are also clear provisions on the determination of the number of housing units with changes in marital status. If the lender and his / her spouse have used the provident fund loan once and settled it before marriage, and now apply for the business to public loan in the name of husband and wife, it shall be recognized as the second set of housing; if they have used the provident fund loan to purchase a set of housing during the marriage, and one of them applies for the business to public loan after divorce, it shall be recognized as the second set of housing.

In the detailed rules, the situation that notarization is needed is added, that is, if the property right of the house purchased by the original commercial loan borrower during the marriage is owned separately, a notarial certificate of the common ownership and common repayment of the property right of the house purchased by the original commercial loan agreed by both the husband and wife of the lender shall be issued when applying for the commercial transfer loan.

According to the relevant person in charge of the provident fund center, this provision is mainly to restrict the obligation of both husband and wife to repay after the commercial loan is transferred to the provident fund loan.