Apply for provident fund loans should also meet the following conditions:

1, with legal and valid identification;

2, the purchase of owner-occupied housing in accordance with the provisions, has paid a prescribed proportion of self-raised funds;

3, continuous normal deposit housing provident fund for more than 6 months;

4, stable income, good reputation, the ability to repay the loan principal and interest;

5. Agree with the guarantee method approved by the Housing Provident Fund Management Center;

6, other conditions stipulated by the housing provident fund management center.

amount of loan

The deposits of both husband and wife of the borrower meet the conditions of provident fund loans. For the first time to purchase the first family housing with provident fund loans, the maximum amount of provident fund loans is 800,000 yuan. If the borrower unilaterally pays the provident fund loan, and the family uses the provident fund loan for the second time to purchase a second family house, the maximum amount of the provident fund loan is 600,000 yuan.

If the family uses the provident fund loan for the first time, within the corresponding maximum provident fund loan amount, the single loan amount shall be determined according to the comprehensive repayment ability, the longest loan period and the loan proportion. If a family uses a provident fund loan for the second time or buys a second family house, within the corresponding maximum loan amount, a single loan amount shall be determined according to the balance of family deposits, repayment ability, longest loan period and loan ratio.

To sum up, the provident fund is to reduce the housing expenditure burden of urban workers and improve the living standards of residents. The provident fund is deposited in the employee housing provident fund account, which can be used to apply for housing loans from banks when buying, building, decorating or overhauling houses.

Legal basis:

Regulations on the administration of housing provident fund

Article 26

Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses.

The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities.

The risk of housing provident fund loans shall be borne by the housing provident fund management center.

Article 27

Applicants who apply for housing provident fund loans shall provide guarantees.