Legal subjectivity:

Provident fund loans mean that employees who have paid provident funds can apply for housing provident funds from the housing provident fund management center when purchasing, building, renovating, or overhauling their own homes. The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant. The law is objective:

"Regulations on the Administration of Housing Provident Fund"

Article 25

If an employee withdraws the balance in the housing provident fund account, the unit where he works shall withdraw it Verify and issue 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 to approve or disallow 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.