According to Article 17 of the Regulations on the Management of Housing Provident Fund in Xiamen, employees who have paid housing provident fund can apply for housing provident fund loans from the management center when they buy, build, renovate or overhaul their own houses in this city. Employees applying for housing provident fund loans shall meet the following conditions at the same time:
(a) before applying for a loan, the housing provident fund deposit has reached the prescribed time limit;
(two) the payment of its own funds is not less than the prescribed proportion;
(3) Having stable economic income and repayment ability;
(4) There is no debt that may affect the loan repayment ability.
The time limit specified in item (1) and the proportion specified in item (2) of the preceding paragraph shall be drawn up by the management center and promulgated for implementation after being approved by the CMC.
Extended data:
Article 12 of the Regulations of Xiamen Municipality on the Management of Housing Provident Fund shall pay the housing provident fund in full monthly, and shall not pay it overdue or underpaid.
Units with operating losses in the previous year, or units that have been approved by the local tax authorities to postpone the payment of pensions and unemployment insurance benefits, can reduce the proportion of housing provident fund deposit or postpone the payment of housing provident fund after being discussed and approved by the workers' congress or trade union of the unit and reported to the management Committee for approval after being audited by the management center; After the economic benefits of the unit improve, it will return to the prescribed deposit ratio or pay back the deferred payment. After the downward adjustment, the deposit ratio of housing provident fund for units and employees shall not be less than 5%. Reduce the proportion of housing provident fund deposit or postpone the withdrawal of housing provident fund for no more than one year. Where an extension is required due, the unit shall reapply.
Xiamen Housing Provident Fund Center-Provisions of Xiamen Municipality on the Administration of Housing Provident Fund