1. Application: The loan applicant and ***applicant should bring the corresponding loan requirements to the management department where the housing provident fund is deposited to apply for a loan. The borrower fills in the provident fund loan application approval form.

2. Preliminary review: The acceptance personnel will conduct a preliminary review of the materials according to the loan policy. After entering the information in the table and passing the review, the system will output the contract text and loan IOU.

3. Signature: The loan applicant and ***applicant sign in the designated places on the above loan text and bank withholding agreement.

4. Apply for insurance: The loan applicant and *** applicant go to the insurance company window to apply for insurance (loan repayment guarantee insurance and property damage insurance) and mortgage procedures.

5. Loan: After the mortgage procedures are completed within the publicized time limit, the core management department will review the receipt and loan materials and entrust the bank to transfer the loan to the bank card. The borrower will go to the entrusted bank to collect the loan with the original ID card. .

6. Repayment: The borrower will deposit the principal and interest payable into the bank card or repay at the window of the bank where the account is opened every month within the time limit agreed in the bank withholding agreement until the loan is paid off in full.

What materials are needed to buy a house with installment payment

1. Resident ID cards and household registers of the borrower and his spouse. If the couple does not have the same household registration, a marriage certificate is required.

2. Legally valid house purchase contract, advance payment receipt (more than 30% of the total house price) and copies of both.

3. Proof of income issued by the couple’s employer or other proof of the ability to repay the loan recognized by the bank.

4. Personal housing loan application, housing loan contract, guarantee contract, etc.

5. The real estate mortgage application form and real estate mortgage contract must be stamped and signed by the selling unit as the guarantor.

6. Relevant certificates stipulated by the bank.

What does installment payment mean?

Instalment payment is mainly used for product transactions with long cycles and high costs. Products can be paid in installments, which can reduce people's burden, but a certain amount of interest needs to be charged. The method of installment payment is that after the import and export contract is signed, the importer first pays some payment as a deposit to the exporter, and most of the remaining payment is paid after part or all of the product is produced, shipped, or after the goods arrive for installation, test run, and investment. and repayment in installments upon expiration of the warranty period.