GB/T 51267-2017 in English
VALIDCade for individual housing provident fund loan
- Issued on:2017-10-25
- Implemented on:2018-05-01
- File Format:PDF
- Delivery:Via email within 10 business days
$1,281.00
| Standard No: | GB/T 51267-2017 |
| Document status: | VALID |
| Title in English: | Cade for individual housing provident fund loan |
| Title in Chinese: | 住房公积金个人住房贷款业务规范 |
| Language: | English |
| File Format: | Electronic (PDF) |
| Delivery: | Via email within 10 business days |
| Issued on: | 2017-10-25 |
| Implemented on: | 2018-05-01 |
| Professional Classification: | GB-National Standard |
| Related Keywords: | loan approval
loan amount loan contract loan acceptance requires verification guarantee registration loan |
| Related Topics: | loan
house provident fund live housing fund mortgage housing personal loan Fire provident fund GBT51267 GB/T 51267-2017 and good housing |
Introduction
Key points of the core regulations
| Business links | Key requirements | Time limits |
|---|---|---|
| Loan acceptance | Requires verification of 12 types of materials such as identity proof, marital status, down payment voucher, etc. | Approval will be completed within 10 working days |
| Guarantee review | The value of the collateral needs to be assessed, and the loan amount shall not exceed 80% of the assessed value | Conducted simultaneously with approval |
| Loan disbursement | Requires signing of loan contract and guarantee registration | Loan will be disbursed within 5 working days |
Technology Evolution Analysis
This specification highlights the requirements for information management:
- It is mandatory to establish a loan information system to realize the full electronic process
- It is clarified that the comprehensive service platform must integrate the 12329 hotline, mobile APP, online hall and other functions
- It is stipulated that electronic files must be stored permanently, and physical files must be kept for 5 years after repayment
Key points of risk control
Handling of typical risk scenarios
Case: When the borrower loses his job and has difficulty in repaying the loan, the specification allows an extension but the following conditions must be met:
- Provide unemployment certificate or relief benefit receipt
- Written consent from the guarantor
- The total term after extension shall not exceed 30 years
- Not exceeding the remaining term of the mortgaged property
Implementation Suggestions
It is recommended that each provident fund center focus on improving:
- Establish a separation of loan approval and loan signing mechanism to ensure the separation of acceptance/signing positions
- Develop an automated accounting module to support the calculation of equal installments of principal and interest/principal and other repayment methods
- Strengthen the verification of deposit certificates for loans in other places (requires online/telephone verification)
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