There are two ways to use the provident fund to repay commercial loans:

1. Commercial loans to provident fund loans: Some cities support commercial loans to provident fund loans, and they can apply for refinancing as long as they meet the conditions. The lending process is as follows: go through the liquidation procedures at the commercial bank, terminate the original loan relationship, take the number from the housing provident fund management center (hereinafter referred to as the center) with the materials such as the liquidation slip, re-sign the loan contract, and go through the entrusted deduction procedures.

2. Withdrawal of provident fund: those who meet the requirements can apply for withdrawal of provident fund, provided that they purchase, build, renovate or overhaul their own houses; Retired, retired; Completely lose the ability to work and terminate the labor relationship with the unit; Settle abroad; Repay the principal and interest of the house purchase loan; Rent exceeds the prescribed proportion of family wage income.

Monthly transfer materials of provident fund:

1. Personal identification: including the original and photocopy of personal identity card;

2. Relevant certification documents of the employer: including the originals and photocopies of the employer's business license, organization code certificate, tax registration certificate and other certification documents;

3. Personal provident fund account information: including the opening certificate of the provident fund account, the deposit record of the provident fund and other related materials;

4. Labor contract or salary certificate: it is necessary to provide documents such as labor contract or salary certificate to prove personal labor relations and income status;

5. Personal bank account information: Personal bank account information is required, including bank account opening certificate, bank running water and other related materials.

To sum up, the transfer process and required materials of provident fund in different regions and different banks may be different. It is best for applicants to know the local transfer process and required materials before transfer, so as to better complete the transfer.

Legal basis:

Article 25 of the Regulations on the Management of Housing Provident Fund

If the employee withdraws the balance stored in the housing provident fund account, it shall be verified by the unit where he works and a certificate of withdrawal shall be issued.

Workers apply to the housing provident fund management center for withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or disapprove the withdrawal, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures.