There are no clear requirements for the applicant’s provident fund account balance when applying for a provident fund loan to buy a house. Provident fund loans have nothing to do with the balance. As long as the provident fund payment period is more than one year and the conditions for local provident fund loans are met, You can use provident fund to purchase a house loan.

Generally, if you are buying a new house, the loan amount can reach 20 times the balance in the provident fund card. If you are buying a second-hand house, you can get a loan 10 times the balance in the provident fund card. And the current provident fund account is in normal deposit status, and no provident fund loan has been applied for in the name or the loan has been settled (if it has been applied for twice, no matter whether it is settled or not, you can no longer apply for a provident fund loan).

The provident fund loan application process is as follows:

(1) Loan acceptance.

The loan applicant and the same applicant must bring their valid identity certificate, marriage certificate, bank card and house purchase procedures and other information to the provident fund entrusted lending bank to apply for a provident fund loan.

(2) Preliminary loan review.

The front desk of the bank will handle the interview procedures (sign the loan application form, loan contract, loan IOU, provident fund hedging agreement and provident fund deduction agreement) for customers who pass the preliminary review.

(3) Loan review.

The center will review the loan qualifications, loan amounts, and loan terms of applicants who pass the preliminary review. If the review is passed, the system will automatically push the data to the bank's front desk for loan disbursement.

(4) Loan disbursement.

If you apply for a loan in the form of a down payment for a new house, the bank will issue the loan directly after approval; if you have applied for a loan with a real estate certificate, after approval, the Municipal Provident Fund Center will initiate an electronic mortgage application to the Real Estate Center, and the real estate will wait until the application is approved. After the center returns the electronic mortgage certificate, the bank issues the loan.