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Can I buy a second suite in Beijing with a provident fund loan?
Yes, you can.

According to the second paragraph of Article 2 of the Detailed Rules for the Implementation of Beijing Housing Provident Fund Management Measures, the purpose of enterprise housing provident fund is:

Expenditure on the purchase, construction and renovation of employee housing; Maintenance and management expenses of self-managed houses (including houses entrusted by other units) (including maintenance, operation and renewal expenses of elevators and high-pressure pumps in high-rise residential buildings); For sold self-managed housing, public maintenance fund expenditure shall be established according to regulations; Refund the lessee's lease deposit when the lease contract is terminated;

Pay rent subsidies to private employees according to regulations; The rent paid to retired employees in accordance with the regulations exceeds 5% of family income or causes difficulties in life; To stipulate the expenses that enterprises should pay for establishing employee housing provident fund; According to the regulations, subsidize employees to participate in residential cooperatives, rebuild dangerous houses and spend on housing projects; Repay the principal and interest of the housing loan; Amortize the difference between the net income from the sale of self-operated housing and the net value of fixed assets according to regulations; Other housing expenditure.

Extended data:

Provisions on relevant requirements of Beijing housing provident fund:

1. Workers who have no housing (including retired workers, the same below) and whose housing does not meet the housing area subsidy standard stipulated in this scheme can apply for housing subsidies according to the economic applicable housing price or market price (including newly-built affordable housing, saleable public housing and commercial housing). ?

2, the source of housing subsidy funds for government agencies and units, including the original city and district (county) financial budget allocation of housing construction funds, units to sell public housing income and self-financing housing funds. In principle, the transfer part of housing construction funds in the original city or district (county) financial budget is not less than the total investment of the original housing construction funds.

3. All organs and units should do a good job in the inventory and transfer of the original housing funds in accordance with the regulations, and set up special accounts for housing provident fund and housing subsidy funds. According to the principle of giving priority to efficiency and giving consideration to fairness, and considering the factors such as the length of service and position of employees, the order of granting housing subsidies to old employees is determined. ?

Beijing Housing Provident Fund Network-Detailed Rules for the Implementation of Beijing Housing Provident Fund Management Measures