Parking spaces cannot be financed by provident fund loans. Housing accumulation fund is a long-term housing deposit paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions and their employees. Provident fund loans are limited to employees' purchase, construction, renovation and overhaul of self-occupied housing.

legal ground

Article 5 of the Regulations on the Management of Housing Provident Fund

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

Article 26

Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.

Can I use the housing provident fund loan to buy a parking space?

You can't. Provident funds cannot be directly used to buy parking spaces. Housing provident fund is a special housing savings fund, and loans and withdrawals can only be used for self-use housing. Shops, warehouses and other non-residential houses cannot use housing provident fund loans and withdraw housing provident fund. Under the current laws and regulations, provident fund loans cannot be used to buy things other than self-housing, and of course they cannot be used to buy.

Can I buy it with the provident fund?

Legal analysis: no, you can't use the provident fund loan to buy a parking space. You can't use provident fund loans to buy a parking space. According to the national Regulations on the Management of Housing Provident Fund, housing provident fund is a long-term housing deposit paid by units and employees, which is applicable to employees' purchase, construction, renovation, overhaul and decoration of (new) self-occupied housing, and no unit or individual may use it for other purposes. Therefore, under the current laws and regulations, provident fund loans cannot be used to buy things other than self-housing, and of course they cannot be used to buy.

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.

Article 6 The deposit and loan interest rate of housing provident fund shall be proposed by the People's Bank of China, and submitted to the State Council for approval after consulting the construction administrative department of the State Council.