August 13, Guangzhou provident fund center finally hung out the much-anticipated provident fund discount program to solve the problem of tight quota, it is understood that the applicant must meet the conditions of the provident fund as well as commercial loans, before you can apply.
Guangzhou provident fund loans and subsidized loans similarities and differences comparison table
Subsidized loan object: refers to the purchase of owner-occupied housing in Guangzhou, and at the same time meet the conditions of the provident fund loans and commercial housing loan conditions of the trustee bank borrowers.
Individual loanable amount: the maximum term of the loan is in accordance with the provisions of the Guangzhou Housing Provident Fund Loan Policy.
Subsidized interest amount: the interest difference between the borrower's subsidized loan balance calculated in accordance with the commercial housing loan interest rate agreed in the loan contract and the interest rate of the public provident fund loan. The formula is as follows: subsidized interest amount = actual loan interest x (1 - CPF loan interest rate ÷ commercial loan interest rate)
Application process:
1, the borrower submits the housing provident fund loan application form and relevant information to the contractor bank;
2, the contractor bank accepts the After the employee application, the employee's relevant information on the pre-loan audit. Submitted to the provident fund center for approval;
3, the provident fund center of the employee loan application for approval, approval through the provident fund center issued consent to loan approval, and will meet the conditions of the subsidized loan loan loan application sent to the trustee bank;
4, the trustee bank in accordance with the conditions of its commercial housing loans for approval of the employee loan application;
5, the trustee bank If the loan is approved and agreed, after signing the loan contract and completing the mortgage formalities, the trustee bank will issue a subsidized loan to the borrower with its own funds;
6. If the trustee bank does not agree with the approval of the loan, the provident fund center will entrust the trustee bank to issue a provident fund loan to the borrower, and the follow-up process will be the same as that of an ordinary provident fund loan.
Guangzhou Housing Provident Fund Subsidized Loan Implementation Measures (Draft)
Chapter 1 General Provisions
Article 1 In order to support the city's employees in the purchase of homes using the provident fund loans in the city's current employees on the demand for provident fund loans, to carry out the Provident fund personal housing subsidized loan business. According to the State Council "Housing Provident Fund Management Regulations", the People's Bank of China "General Rules for Loans", "Guangzhou Housing Provident Fund Individual Housing Purchase Loan Implementation Measures" and other relevant provisions, combined with the city's actuality, the development of this approach.
Second Guangzhou provident fund personal housing subsidized loans (hereinafter referred to as "subsidized loans"), refers to the commercial banks to use bank funds to meet the conditions of housing provident fund loans and commercial banks personal housing loans to the borrower issued subsidized loans, the borrower pays interest to the bank according to the interest rate of the commercial housing loans, subsidized loans The difference between the interest rate of the subsidized loan and the interest rate of the CPF loan is paid to the borrower by the Guangzhou Housing Provident Fund Management Center (hereinafter referred to as "CPF Center") on a monthly basis.
Subsidized interest loans are commercial personal housing loans that meet the conditions for personal housing fund loans and enjoy interest subsidies from the CPF Center.
Article 3 The subsidized interest loan implements the principle of reciprocity between the obligation and the right to contribute to the housing provident fund.
Article 4 Employees who meet the conditions for provident fund loans may voluntarily choose to wait for provident fund loans or apply for subsidized interest loans from the provident fund.
Article 5 Borrowers using subsidized interest loans are deemed to be using provident fund loans and are subject to the relevant policies and regulations on housing provident fund loans in Guangzhou.
Article 6 The Provident Fund Center may entrust commercial banks and their subsidiaries (hereinafter referred to as the "Trustee Banks") to handle specific loan and financial business related to the subsidized interest loans.
Article 7 The funds for the subsidized interest rate shall be charged to the operational expenses of the provident fund.
Article 8 The provident fund center shall appropriately control the scale of the subsidized interest loans for the provident fund based on the collection and use of the provident fund funds, the provident fund deposit-to-loan ratio of the previous year and the queuing and waiting of the provident fund loan applications. Public provident fund deposit and loan ratio is higher than 80% can start the public provident fund subsidized interest loan, the public provident fund deposit and loan ratio is lower than 75% should stop the public provident fund subsidized interest loan, the public provident fund deposit and loan ratio is lower than 70% should start the public provident fund subsidized interest loan replacement.
Article IX annual total amount of subsidized interest loans by the provident fund center based on the previous year's deposit and loan ratios and the actual loan situation for the calculation, reported to the Guangzhou Housing Provident Fund Management Committee for finalization; the amount of each contractor bank by the provident fund center based on the previous year's amount of provident fund loans issued by the banks for the proportional distribution.
Article 10 The Provident Fund Center strictly implements the relevant housing provident fund loan policies of the State and relevant ministries, provinces and municipalities.
Chapter 2 Loan Targets and Loan Conditions
Article 11 The target of subsidized loans refers to the borrowers who purchase owner-occupied housing in Guangzhou and meet both the conditions of the provident fund loans and the conditions of the commercial housing loans of the trustee banks.
Article 12 The loan conditions for subsidized interest loans shall be implemented in accordance with the "Implementation Measures for Subsidized Interest Loans of Guangzhou Housing Provident Fund" and the Guangzhou Housing Provident Fund Loan Policy.
Chapter III Amount, Term and Interest Rate of Loan
Article 13 The amount of loan available to an individual and the maximum term of the loan shall be carried out in accordance with the Guangzhou Housing Provident Fund Loan Policy.
Article 14 The interest rate of the commissioned bank for subsidized loans shall be executed according to the contractual interest rate between the borrower and the commissioned bank, with reference to the interest rate of the commercial personal housing loans executed by the commissioned bank at the same time and in the same grade; the portion exceeding the national benchmark lending rate shall not be subsidized.
Provident fund loan interest rates in accordance with the relevant provisions of the State.
Article 15 In case of statutory interest rate adjustment during the loan period, the new interest rate standard shall be implemented from January 1 of the year following the interest rate adjustment without further notice.
Chapter IV Loan Procedures and Collateral
Article 16 Employees applying for subsidized loans shall be processed in accordance with the following procedures:
(1) The borrower submits the application form for housing provident fund loans and relevant information to the contractor bank;
(2) After accepting the application of the employee, the contractor bank shall carry out the pre-credit of the relevant information of the employee After the audit. Submitted to the provident fund center for approval;
(c) The provident fund center approves the employee's loan application, and after the approval is passed, the provident fund center issues the consent to the loan approval and sends the loan application that meets the conditions of the subsidized loan to the trustee bank;
(d) The trustee bank approves the employee's loan application according to its conditions of the commercial housing loan;
(e) The trustee For loans approved by the trustee bank, after signing the loan contract and completing the mortgage formalities, the trustee bank will issue a subsidized loan to the borrower with its own funds;
(f) for loans disapproved by the trustee bank, the provident fund center will entrust the trustee bank to issue a provident fund loan to the borrower, and the follow-up process will be the same as that of an ordinary provident fund loan.
Article 17 When a borrower applies for a subsidized loan, he or she shall complete the registration of real estate mortgage or the registration of advance notice of real estate mortgage before applying for the release of the loan.
Chapter V Loan Repayment and Loan Interest Subsidization
Article 18 The trustee bank shall account for the principal and interest repayable on the borrower's subsidized interest loan. The trustee bank is responsible for disbursing and debiting the subsidized interest loans and issuing the relevant certificates.
Article 19 After the disbursement of the subsidized interest loan, the borrower shall repay the principal and interest of the loan at the interest rate of the commercial housing loan in accordance with the repayment plan and repayment method agreed in the loan contract.
Subsidized loans in principle during the borrowing period shall not change the repayment method, the borrower, shall not extend the repayment period. If you need to change, you must be commissioned by the bank and the provident fund center agreed.
Article 20 The amount of subsidized interest loans is the interest difference between the borrower's subsidized loan balance and the interest rate of the provident fund loan calculated in accordance with the interest rate of the commercial housing loan agreed in the loan contract. The formula is as follows:
Subsidized interest amount = actual loan interest x (1 - CPF loan interest rate ÷ commercial loan interest rate) wherein the actual loan interest excludes penalty interest and compound interest due to overdue loans.
Article 21 The interest difference between the subsidized loan and the provident fund loan shall be paid by the provident fund center to the entrusted bank to the borrower on a monthly basis.
Article 22 In the event of one of the following circumstances, the provident fund center has the right to terminate the subsidized interest rate to the borrower, and no longer implement the replacement of subsidized loans to transfer back:
(The above answer was posted on 2015-10-21, please refer to the actual actual current relevant housing policy)
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