You might ask, do I need to prove to the bank my down payment? Today, the home buyer's down payment source has been given great significance by the bank, so if you buy the house through the Provident Fund, do you need to check the down payment source? Let's go deeper。

Do you want to check the source of the down payment

Of course, the Provident Fund loan also requires the identification of the source of the down payment. In practice, in all cases where a loan is made, the bank reviews the source of the down payment. There are two reasons for this requirement: first, a review of the source of the down payment would prevent the non-compliance of funds from credit cards or other credit products to maintain market stability. Second, there is the recognition of the lender's ability to make down payments. Potential risks arising from repayments with mortgages and down payment lending are generally avoided by banks。

So, what needs to be noted in applying for a Provident Fund loan? The following three points deserve our attention:

First, there is the compliance of down payment. The Provident Fund Centre would verify the source of down payment by lenders and could not be financed by borrowing. If your bill shows that you have a large amount of Internet lending before the loan, it may cause misunderstanding at the Provident Fund Centre, and the result may be that the loan application has been rejected。

Second, the Fund ' s account must be in a normal state and maintain a continuous contribution, and no irregular situation such as storage, which is the basis for applying for a Provident Fund loan。

Finally, it is important to ensure that the balance of the Provident Fund account is adequate. In general, the amount of the Provident Fund loan is 10 to 20 times the account balance. Therefore, you need some balance to apply for a loan. If you have an inadequate balance in the Provident Fund account, even if you apply for a loan, the amount of the loan will be small, and such a loan may not be very helpful to your home purchase plan。