Go directly to the provident fund center for automatic monthly deduction. When paying back every month, deduct it from the provident fund account first, and the insufficient part will go to the bank to make up. Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees. The definition of housing provident fund includes the following five aspects:

(1) The housing accumulation fund is only established in cities and towns, and the housing accumulation fund system is not established in rural areas;

(2) Only on-the-job employees can establish the housing accumulation fund system. Urban unemployed residents and retired workers do not implement the housing provident fund system;

(3) The housing accumulation fund consists of two parts, one part is paid by the employee's unit, and the other part is paid by the employee. After the employee's personal deposit is withheld by the unit, it will be deposited into the personal account of housing provident fund together with the unit's deposit;

(4) The long-term nature of housing provident fund deposit. Once the housing provident fund system is established, employees must pay continuously during their employment, except for retirement or suspension or interruption. It embodies the stability, unity, standardization and compulsion of housing provident fund;

(five) the housing provident fund is the employee's personal housing savings fund, which is specially used for housing consumption expenditure.

Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans.

Article 26 of the Regulations on the Management of Housing Provident Fund stipulates that employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.