Provident Fund Loan Process
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Provident Fund Loan Process

Provident Fund Loan Process


(1) Consultation

First, go to the business department of each branch (department) of the bank that handles personal housing mortgage loans to inquire in detail to understand the types of mortgage loans for purchase of houses, loan recipients, and loan limits. If you meet the issuing conditions, the bank will provide you with a mortgage application form.

(2) Apply for a loan

When the loan bank has accepted the loan application form you filled out, when handling this business, please provide the required information and proof at the same time. The following information will give you a comprehensive explanation.

(3) Provide materials

The bank examines whether the borrower is the object of the loan, whether it meets the loan conditions, and has sufficient capacity to repay the principal and interest of the loan, then determines the actual loan limit and informs the lender to commit to the loan.

(4) Sign the contract

The borrower, the lending bank and the selling unit (guarantor) sign the contract for personal housing accumulation fund or commercial loan. The borrower and the lending bank sign a housing mortgage contract.

(5) Go through the formalities

Provide notarization materials;

The notarization fee shall be borne by the lending bank.

(8) Loan repayment

Receive the loan contract and housing mortgage contract from the loan officer, and repay the principal and interest of the loan on a monthly basis before the 20th of each month from the month after the loan occurs.

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publish time: 2021-03-04
Charlotte

This templates shows the provident fund loan process. "One of the biggest uses of provident fund is to buy a house. Because of its low loan interest rate, it is highly recognized and welcomed by everyone. The process is basically the 6 points summarized in the figure. First, go to the business department of each branch (department) of the bank that handles personal housing mortgage loans to inquire in detail to understand the types of mortgage loans for purchase of houses, loan recipients, and loan limits. If you meet the issuing conditions, the bank will provide you with a mortgage application form. Check more details from this template, and make your diagram with ease.

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