Legal analysis: Chongqing portfolio loan can be withdrawn once a year as long as it meets the requirements of mortgage. If employees or their spouses repay the principal and interest of provident fund loans (including portfolio loans and discount loans), they can withdraw once a year during the repayment period, and the sum of the withdrawal amounts of employees, spouses and borrowers does not exceed the repaid loan principal and interest in the same period.

Legal basis: Regulations on the Management of Housing Provident Fund

Article 3 The housing accumulation fund paid by individual employees and the housing accumulation fund paid by the unit where employees work for employees belong to individual employees.

Article 4 The management of housing provident fund shall follow the principles of decision-making by the housing provident fund management committee, operation of the housing provident fund management center, special account storage and financial supervision.

Article 5 The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and no unit or individual may use it for other purposes.