The housing provident fund can be withdrawn to repay the loan. According to Article 24 of the "Housing Provident Fund Management Regulations", if an employee has one of the following circumstances, he or she can withdraw the balance in the employee's housing provident fund account:

1. Purchasing, constructing, renovating or overhauling self-occupied housing;

2. Repaying the principal and interest of the loan for purchasing and building self-occupied housing;

3. Leasing self-occupied housing, The rent exceeds a certain percentage of the family's salary income;

4. Retirement or retirement;

5. Settlement abroad;

6. The employee dies or is declared Death;

7. Enjoy urban minimum living security;

8. Completely or partially lose the ability to work, and terminate the labor relationship with the unit;

9. Other circumstances specified by the Management Committee in accordance with relevant laws and regulations.

Summary: If an employee withdraws the balance in the housing provident fund account, the employer shall verify it and issue a withdrawal certificate. Employees should apply to the Housing Provident Fund Management Center to withdraw housing provident funds with the withdrawal certificate. The Housing Provident Fund Management Center shall make a decision on whether to approve the withdrawal or not to allow the withdrawal within 3 days from the date of accepting the application, and notify the applicant; if the withdrawal is approved, the entrusted bank shall handle the payment procedures.