Shanghai provident fund is a statutory welfare in Shanghai, which can only be used for buying, building, renovating and overhauling self-occupied housing, but not for buying non-housing such as cars. According to the Regulations on the Management of Housing Provident Fund, the provident fund can only be used for housing-related purposes.

Standard for filing provident fund loans:

1. Personal provident fund deposit: individuals need to pay the provident fund according to the regulations within the specified time, and the amount of the provident fund deposit needs to meet the local minimum standards;

2. Personal credit records: individuals need to have good credit records and repayment ability, and there are no bad credit records and overdue records;

3. Use of provident fund loans: Provident fund loans are mainly used for purchasing self-occupied houses, renovating and overhauling existing houses, repaying mortgage loans for house purchases, and paying housing rental payments.

4. Housing approval criteria: the house purchased by the lender shall comply with local regulations, including the area, value and property rights of the house;

5. Repayment ability: individuals need to have sufficient repayment ability, and the loan amount and loan period need to be within their own tolerance.

To sum up, the application conditions and specific procedures of provident fund loans may be different due to different regions and policies. Generally, it is necessary to meet certain conditions such as the time of deposit of provident fund and the qualification for purchasing houses, and submit relevant application materials.

Legal basis:

Article 11 of the Regulations on the Management of Housing Provident Fund

The housing provident fund management center shall perform the following duties:

(a) the preparation and implementation of housing provident fund collection and use plan;

(two) responsible for recording the deposit, withdrawal and use of employee housing provident fund;

(three) responsible for the accounting of housing provident fund;

(four) to approve the extraction and use of housing provident fund;

(five) responsible for the preservation and return of housing provident fund;

(six) the preparation of housing provident fund collection and use plan implementation report;

(seven) to undertake other matters decided by the housing provident fund management committee.