Other provident fund loans are available.

The Ministry of Housing and Urban-Rural Development clearly stipulates that provident fund off-site loans should be handled according to the following process:

1. The loan city provident fund center accepts employees’ off-site loan business consultation and informs the loan of the required review materials at one time ;

2. The employee himself or his client submits an application to the city provident fund payment center. The city provident fund payment center will verify the employee's deposit loan status based on the employee's application, and provide personal housing loans for unused housing provident funds. Or the paying employees who have paid off their first housing provident fund personal housing loan shall issue the "Certificate of Housing Provident Fund Payment and Use for Employees with Off-site Loans";

3. After the Loan City Provident Fund Center accepts the employee's off-site loan application, it shall be submitted to the paying employee. The City Provident Fund Deposit Center verifies the authenticity and completeness of the information in the "Certificate of Payment and Use of Housing Provident Fund for Employees with Off-site Loans".

If the verification is correct, the loan review and approval procedures should be completed within the specified time limit, and the results should be fed back to the city provident fund center. The city housing provident fund payment center identifies employees' off-site loans and establishes a detailed ledger of employees' off-site loans;

Extended information

The definition of housing provident fund includes the following five aspects Meaning:

(1) Housing provident fund is only established in cities and towns, and no housing provident fund system is established in rural areas.

(2) The housing provident fund system is established only for current employees. The housing provident fund system is not applicable to unemployed urban residents and retired employees.

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

(4) The long-term nature of housing provident fund deposits. Once the housing provident fund system is established, employees must make uninterrupted contributions in accordance with the regulations while on the job. Except for the employee's retirement or other circumstances stipulated in the "Housing Provident Fund Management Regulations", it shall not be suspended or interrupted. It reflects the stability, uniformity, standardization and mandatory nature of the housing provident fund.

(5) The housing provident fund is a personal housing savings deposited by employees in accordance with regulations and used exclusively for housing consumption expenditures. It has two characteristics:

First, it is cumulative, that is, housing Although the provident fund is an integral part of employees' wages, it is not paid in cash and must be deposited into a special account opened by the housing provident fund management center in an entrusted bank for special account management.

The second is the special nature. The housing provident fund is earmarked for special purposes. During the storage period, it can only be used to purchase, build, or overhaul self-occupied housing or pay rent according to regulations.

An employee can withdraw the housing provident fund from his or her account only when he or she retires, dies, completely loses the ability to work, terminates the labor relationship with the employer, or moves out of the original city of residence.

According to our country's regulations, all enterprises should deposit housing provident funds for their employees, regardless of state-owned enterprises and private enterprises.

Nature

(1) Security, the establishment of a housing provident fund system for employees provides a guarantee for employees to solve their housing problems quickly and better;

( 2) Mutual assistance. The establishment of a housing provident fund system can effectively establish and form a mechanism and channel for workers with housing to help workers without housing. The housing provident fund provides financial help to workers without housing, which reflects the mutual assistance of the housing provident fund for employees;

(3) Long-term, every urban employee must pay personal housing provident fund from the date he joins the work to the date of retirement or termination of the labor relationship; the unit where the employee works must also pay according to regulations Contribute to housing provident fund for employee subsidies.

Reference source: Baidu Encyclopedia: Housing Provident Fund