To buy a house with a provident fund loan, you need to transfer the ownership first and then disburse the loan. ?

1. General workers must transfer ownership before using their housing provident fund to buy a house. The bank needs to conduct a comprehensive assessment of the lender’s economic conditions, credit information, and various aspects of the situation. After the assessment is completed, Only later will the loan be possible.

2. The calculation of provident fund loan amount should be determined based on four conditions: loan repayment ability, house price ratio, housing provident fund account balance and maximum loan limit. The minimum value calculated from the four conditions is the borrower’s highest Loanable amount.