The provident fund can be renovated by loan, and the following conditions need to be met:

1. Generally, the area of the house to be renovated is over 70㎡, and the age of the house is within 15.

2. The general provident fund renovation loan limit is 1 1,000 yuan /m2, which may be relaxed to 2,000 yuan /m2 again in the future.

3. The provident fund renovation loan has not been paid off, and you cannot apply for a new provident fund housing loan. In the short term, owners who need to buy houses should not easily make provident fund decoration loans.

4. The repayment of the provident fund renovation loan in the first two months can only be offset by the provident fund after the cash is deposited in the repayment account. After getting the loan, don't take all the money in the account, and leave a repayment limit of at least two months to avoid repayment default.

Matters needing attention in using provident fund loans

Repayment method of provident fund: Different cities have different repayment methods. Generally speaking, there are three ways: equal capital (the first month's repayment amount is large, and then it will decrease once a month), equal principal and interest (the monthly repayment amount is the same), and free repayment. You can also apply for provident fund repayment, that is, entrust the bank to withdraw the balance in the provident fund account to repay the loan.

Prepayment: If prepayment is to be considered, according to the relevant provisions of provident fund loans, it must be made after one year of repayment, and the amount of prepayment must exceed six months of repayment.

Refer to the above? People's Network-Can I apply for a housing provident fund loan for house decoration?