Housing provident fund refers to a way to use housing provident fund to buy a house. Provident fund refers to the contributions made by employees and employers to improve the quality and quantity of employees' housing. When buying a house, employees can withdraw part of the provident fund from the personal provident fund account as a down payment, which greatly increases the source of funds for buying a house.

Buying a house with provident fund has the following advantages. First of all, using provident fund to buy a house can effectively reduce the burden of buying a house, especially for first-time buyers. Secondly, the interest rate of provident fund loans is lower than that of commercial loans, which can reduce the cost of buying houses. Third, in the process of buying a house, you can know the amount of provident fund under your name in advance, which is convenient for you to choose and plan according to your own conditions.

However, there are some restrictions and precautions in buying a house with provident fund. First of all, buyers must pay the provident fund for more than one year before they can use the provident fund to buy a house. Secondly, when buying a house, the balance of provident fund account, personal income level and age will all affect the loan amount of buying a house. Finally, buyers need to continue to pay the provident fund during the loan repayment period, otherwise they will face penalties such as fines, which need buyers' timely attention.