According to Article 5 of the Regulations on the Management of Housing Provident Fund, housing provident fund should be used for employees to purchase, build, renovate and overhaul their own houses, and no unit or individual may use it for other purposes.
Article 24 Under any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account: (1) purchasing, building, renovating or overhauling their own houses; (5) Repaying the principal and interest of the house purchase loan;
Brother-in-law buys a house, but there is no housing provident fund, and he has his own provident fund. He can't use his housing provident fund to help his brother-in-law borrow money to buy a house.
Extended data:
According to the Regulations on the Management of Housing Provident Fund
Twenty-fifth workers from the housing provident fund account balance, the unit shall verify, and issue a certificate of extraction.
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.
Twenty-sixth workers who have paid housing provident fund can apply for housing provident fund loans to 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.
Baidu Encyclopedia-Regulations on the Management of Housing Provident Fund