Personal Housing Provident Fund Portfolio Loan: A Guide to Unlocking Your Home Financing

Guide to Personal Housing Provident Fund Portfolio Loan

Introduction:

The Personal Housing Provident Fund Portfolio Loan is a policy-driven loan offered by our bank on behalf of the housing provident fund management center. It provides financial support for individuals seeking to acquire or renovate homes, leveraging their accumulated provident contributions as collateral. This unique loan combines benefits from both the housing provident fund and traditional banking services.

Benefits:

• Automatic Withdrawal of Provident Fund: Once you sign an agreement with us and your local housing provident management center, a portion of your monthly, quarterly or annual provident fund contributions will be automatically allocated to repay either your Housing Provident Fund Loan or commercial housing loan.

• Co-branded Card Services: This card integrates financial services like savings, payments, investments, as well as unique features related to inquiry on the provident fund contribution account and loan information. Additionally, it offers the capability for automatic transfer of funds to repay your housing fund loan.

Procedure:

1. Application: You should visit our local branch or contact your regional housing provident management center to begin the application process. Our representatives will guide you through the necessary steps.

2. Approval: Your application is reviewed by both the local housing provident management center and our bank’s Loan Center, considering factors such as credit history, provident fund contributions, repayment ability, etc.

3. Contract Signing: If approved, sign agreements with us for loans and guarantees, then proceed with mortgage registration procedures as per set by your local housing provident management center and our bank.

4. Disbursement: Once all conditions are met, funds will be transferred to your designated account following the loan contract terms.

5. Repayment: Regularly repay the principal and interest based on the agreed schedule outlined in your contract.

6. Contract Change: Should you wish to change aspects like loan term, repayment method or early repayment, notify us or your local housing provident management center for approval before proceeding with contract alterations.

7. Settlement: When repaying the loan fully, our bank will issue a Loan Settlement Certificate and guide you on the procedures for removing mortgage registration if applicable.

Value Added Services:

• The convenience of using your provident fund contributions towards your debt repayments.

• Utilization of co-branded cards to enhance dly financial management with access to your provident fund information in real-time.

Important

We advise that you verify all detls and procedures directly from our local bank branches or the housing provident fund management centers due to regional variations. For any inquiries, feel free to reach out to our customer service hotline 95588 for assistance.

Let's work together to make your housing dreams a reality!

of Guide
This article is reproduced from: https://www.icbc.com.cn/en/column/1438058389145272532.html

Please indicate when reprinting from: https://www.669t.com/loan_limit/Personal_HPFund_Portfolio_Loan_guide.html