Legal subjectivity:

Secondly, after meeting the above conditions, the provident fund account of the borrower must be in a deposited state when applying for a loan. In addition, for units that have been approved by the core and are in a deferred payment status, their employees can apply for loans if they meet the conditions of establishing a housing provident fund account for one year or more and paying the housing provident fund in full and normally for more than one year. The law is objective:

Article 5 of the "Housing Provident Fund Management Regulations"

The housing provident fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and no unit or individual may misappropriate it. He uses.

Article 26

Employees who have paid housing provident funds may apply for housing provident fund loans from the Housing Provident Fund Management Center when purchasing, constructing, renovating or overhauling their own homes. The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant; if the loan is granted, the entrusted bank shall handle the loan procedures. The risks of housing provident fund loans are borne by the housing provident fund management center.