The storage of provident fund will affect loans. Provident fund storage is a state in which the deposit and payment of provident fund are interrupted but not cancelled. In this state, it is impossible to apply for provident fund loans. Provident fund loans need to be deposited continuously for a certain period of time, at least six months, so if they have been sealed, they need to be unsealed and deposited for a certain period of time.

What is the process of provident fund loans?

1. When the borrower applies for a provident fund loan in the management department of the provident fund management center where the provident fund is deposited, and chooses the guarantee center to provide guarantee, it shall submit all the materials required for the individual to apply for a loan, including the personal and spouse's ID card, household registration book, marriage certificate, divorce certificate, proof of down payment for house purchase, house purchase contract, proof of housing provident fund deposit, etc.

2. After the loan application is approved in the first instance, the management department will issue the Notice of Examination of Guarantee Application, print the loan contract, mortgage (counter-guarantee) contract and other relevant legal documents, and submit all personal loan information to the guarantee center.

3. The guarantee center shall review the guarantee application, and if the borrower meets the guarantee conditions, the guarantee center shall issue a letter of approval for the guarantee application; If the borrower entrusts an intermediary agency to handle the provident fund loan, the intermediary agency shall handle the guarantee application procedures and collect the guarantee service fee. (Note: The agency must have the qualification certification of Beijing Housing Provident Fund Management Center and sign a cooperation agreement with the guarantee center)

4. The borrower shall pay the guarantee service fee according to the approved Letter of Approval for Guarantee Application. The guarantee center shall issue an invoice for the guarantee service fee, and affix the official seal of the guarantee center on the approved loan contract, mortgage (counter-guarantee) contract, custody contract and other legal documents.

5. The audited personal loan application materials (including the sealed contract) are transferred to the Housing Provident Fund Management Department by the guarantee center; If an intermediary agency is entrusted, the intermediary agency shall be responsible for the transmission of the above information.