Personal Housing Provident Fund Portfolio Loan: A Seamless Financing Solution for Homeowners

Personal Housing Provident Fund Portfolio Loan

Introduction

The Personal Housing Provident Fund Portfolio Loan is a policy-oriented credit offered by the Bank, as entrusted by the housing provident fund management center, to qualified applicants seeking funding for housing-related purposes through contributions made into their provident account. This innovative financial product merges two significant aspects: provident fund contribution and mortgage financing.

Key Features

1. Innovative Funding Model: Combines personal savings with loan products, providing a unique way of tapping into provident funds for home purchases or improvements.

2. Easy Repayment Process: Enables seamless integration of monthly, quarterly, or annual provident fund withdrawal to facilitate loan repayment.

3. Special Card Services: Offers participants access to dual functionality cards that not only support financial transactions but also provide exclusive services related to provident fund management.

Operation Process

1. Application: Potential borrowers submit a formal application through the local ICBC branch or the housing provident fund management center, along with required documents.

2. Review Approval: The application undergoes thorough review by both the ICBC and housing provident fund management centers before approval.

3. Contract Signing: Once approved, the borrower signs loan agreements and completes any necessary procedures for mortgage registration.

4. Disbursement: Funds are credited to the designated account following fulfillment of all conditions in the agreement.

5. Repayment: Repayment is scheduled according to a pre-agreed plan, ensuring timely payment alignment with financial capability.

Value-Added Services

1. Automatic Provident Fund Withdrawal: An optional service allowing for automatic withdrawal of funds from provident accounts directly into loan repayment schedules.

2. Co-branded Card Services: Offers exclusive cards that combine banking and provident fund management functionalities, providing an integrated solution for account inquiries, loan information review, and streamlined transactions.

Notes

The are subject to the specific rules set by local ICBC branches or housing provident fund management centers. For accurate and current information, please contact your nearest branch or consult with the relevant service hotline such as 12329 for detled procedures.

Accessibility: To ensure efficiency in processing applications, it's recommed that interested parties contact their local ICBC branch beforehand to understand the specific requirements and streamline the application process. For additional inquiries, customer support can be reached at Hot Line 95588 or through online channels provided on our official website.

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