Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to state regulations, employees who have paid housing provident fund can apply for individual housing provident fund loans in accordance with the relevant provisions of provident fund loans. Provident fund loans refer to individual housing provident fund loans, which refer to mortgage loans issued by local housing provident fund management centers to buyers, builders and housing provident fund depositors. With the housing provident fund paid by employees who apply for provident fund loans, their own houses and retired employees who pay housing provident fund during re-employment will be reformed and overhauled. After the application meets the requirements, the mortgage can be converted into provident fund loans.

When applying for individual housing provident fund loans, the following conditions must be met at the same time:

1, that is, the housing provident fund shall be continuously paid for at least six months before applying for a loan;

2. If the employee's behavior of paying housing provident fund is abnormal and intermittent, it means that his income is unstable and he is prone to risks after issuing loans.

The conditions for withdrawing the provident fund are as follows:

1, with real estate in the city where the provident fund is deposited;

2. The housing of the applicant himself or his immediate family members needs to be deposited in the local provident fund for one year;

3. The applicant or his immediate family members have no other provident fund loans;

4. The applicant needs to provide a decoration invoice, which must be issued to the applicant himself or his immediate family;

5. The applicant needs to provide corresponding renovation contract and construction contract.

To sum up, when applying for a housing provident fund loan, the loan applicant must have a relatively stable economic income and the ability to repay the loan, and there are no other outstanding debts that may affect the repayment ability of the housing provident fund loan. When employees have other debts, it is risky to lend to housing provident fund, which violates the principle of safe operation of housing provident fund.

Legal basis:

Article 24 of the Regulations on the Management of Housing Provident Fund

In any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) the rent exceeds the prescribed proportion of family wage income.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.

If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.