Legal analysis: the provident fund can be decorated by loan, and the provident fund used for decoration must meet the following conditions:

1. Generally, the area of the house to be renovated is 70_, and the age of the house is within 15. If the above content is not up to standard, the handling fee will increase.

2. At present, there are standards for handling provident fund renovation loans, which generally exceed the standard, and the processing cost will increase relatively.

3. The provident fund renovation loan has not been paid off, and you cannot apply for a new provident fund housing loan. In the short term, owners who need to buy houses should not easily make provident fund decoration loans.

4. The repayment of the provident fund renovation loan in the first two months can only be offset by the provident fund after the cash is deposited in the repayment account. After getting the loan, don't take all the money in the account, and leave a repayment limit of at least two months to avoid repayment default.

It takes a lot of procedures to apply for provident fund when decorating. You can prepare the formalities in advance, and you need to bring the original ID card and household registration book when you go through the formalities. The processing time is generally around 15 working days.

Legal basis: Regulations on the Management of Housing Provident Fund

Article 2 These Regulations shall apply to the deposit, withdrawal, use, management and supervision of housing provident fund in People's Republic of China (PRC). The term "housing accumulation fund" as mentioned in these Regulations refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units and social organizations (hereinafter referred to as units) and their employees. "

Article 16 The monthly deposit amount of employee housing provident fund shall be the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit. "

Twentieth units stipulated in the first paragraph shall pay the housing provident fund in full and on time, and shall not pay it overdue or underpaid. "

Thirty-seventh in violation of the provisions of this Ordinance, the unit does not handle the registration of housing provident fund deposit or the establishment of housing provident fund accounts for its employees, and the housing provident fund management center shall order it to be handled within a time limit; Failing to handle it within the time limit, a fine of 6.5438+0 million yuan and 50,000 yuan shall be imposed. "

Thirty-eighth in violation of the provisions of this Ordinance, the unit fails to pay or underpays the housing provident fund, and the housing provident fund management center shall order it to pay within a time limit; If the deposit is not made within the time limit, it may apply to the people for compulsory execution.

How to borrow provident fund loans for decoration?

Methods of applying for renovation provident fund loans:

1. Materials to be prepared for decoration provident fund loan application: ID card (if you have a spouse, you need to prepare the other party's ID card, and if you are married, you need a marriage certificate); Proof of income flow; Proof of payment of provident fund; Property ownership certificate/purchase contract, renovation contract, budget and decoration invoice, and receipt of down payment of no less than 20% for the house.

2. According to your own room type, after submitting the application, the bank will review the real estate agency and guarantee company, report the information of the applicant to the housing provident fund management center, and then review it. The audit time is generally 40 days.

3. If the application is approved, the provident fund management center will notify the applicant and sign a loan contract with him.

Can housing provident fund be used as decoration loan?

House decoration can use provident fund loan, which is another form besides provident fund loan in mortgage to buy a house.

The renovation of the provident fund must meet the following conditions: Generally speaking, the house to be renovated has an area of over 70 square meters and the age of the house is within 15 years.

Housing accumulation fund refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees.