It is well known that the interest rates of the former are much lower than those of commercial loans, and this has led many home buyers to opt for such loans. But you know how long it takes to pay for a loan to buy a house? Let's find out。

How long will the Provident Fund pay for a loan to buy a house

Unit or individual contributions to the Housing Provident Fund are subject to fixed time requirements for the purchase of housing using the Provident Fund loan. The unit ' s contribution to the Housing Provident Fund requires six months of continuous payment in full before it can be used to complete the housing transaction. And after a year of full and continuous personal contributions to the housing fund, you can choose to buy a house from the fund。

In addition, you can apply for a personal housing loan from the Provident Fund if you have a deposit record in different places for more than six months. Because of the differences in the place where the Provident Fund is paid, and in the event that it does not reach six months, you can calculate it in combination on the basis of a certificate of contribution issued by the source of the Provident Fund。

However, it is not sufficient to satisfy only the period of time for which the Provident Fund is due to be paid, and there are several other conditions to be met, such as the guarantee of regular and unenclosed collection of the Provident Fund account at the time of the application, the non-payment or settlement of pre-revenue Provident Fund loans (within two times), and the property to be purchased, which allows for the processing of the Provident Fund loans (general residence, commercial loans for commercial use). Moreover, if the location of the Provident Fund account is not interoperable with other municipal public funds and there is no offshore public funds operation, you can only purchase local houses on local public funds loans。

These are the basic requirements of the Provident Fund, which may vary from one region to another, and are subject to local realities。