Provident fund refers to the housing provident fund (sometimes also refers to the company provident fund), which is a housing security system with mandatory, mutual assistance and security, and is a form of monetization of housing distribution.
Units and individual employees must fulfill their obligations to pay housing provident fund according to law. The housing provident fund paid by individual employees and the housing provident fund paid by the unit will be stored in special accounts and owned by individual employees.
The conditions for applying for housing provident fund loans to buy a house are as follows:
1, the premise of applying for housing provident fund loans to buy a house must be employees who participate in the housing provident fund system. If property buyers do not participate in the housing provident fund system, they cannot apply for housing provident fund loans.
2. Applicants who apply for housing provident fund loans to purchase houses must pay housing provident fund continuously before applying for loans, and the time for paying housing provident fund shall not be less than six months. This regulation is to prevent employees with unstable income from applying for housing provident fund loans to buy houses, which are prone to risks after loans are issued.
3. If one of the applicant's husband and wife applies for a housing provident fund loan, both husband and wife can apply for a housing provident fund loan again after paying off the loan principal and interest.
4. When applying for housing provident fund loans, you must also ensure that the applicant has no outstanding debts that may affect the repayment ability of housing provident fund loans when applying for housing provident fund loans.
5. The longest period for applying for provident fund loans shall not exceed 30 years. When handling portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.