Users who buy the first suite and use the provident fund loan must pay off the loan of the first suite before they can use the provident fund loan to buy the second suite. The first suite uses a commercial loan. No matter whether the mortgage is paid off or not, you can use the provident fund loan to buy a second suite. As for the third suite, the use of housing provident fund loans is temporarily not supported.

Housing provident fund loan type:

1, personal housing provident fund loan; Personal housing provident fund loan is a preferential loan issued by the housing provident fund management center to the depositors of housing provident fund who purchase, build, renovate and overhaul their own houses and raise funds for cooperative housing.

2. Personal housing provident fund portfolio loan, that is, when the amount of housing provident fund loan is insufficient to pay the purchase price, the borrower applies for housing provident fund loan, and at the same time applies for commercial personal housing loan from the entrusted bank, and the two loans together constitute a portfolio loan. Housing provident fund loans in portfolio loans are approved by the management center, and commercial loans are approved by the entrusted banks.

To sum up, after the bank provides commercial housing loans with bank funds to the employees who have paid the housing provident fund to the borrower, the entrusted bank applies for provident fund loans to the management center on behalf of the borrower. The borrower's provident fund loan amount is controlled within its basic provident fund loan amount and does not exceed 70% of the commercial housing loan amount, and its basic provident fund loan period is shorter than the commercial housing loan period by more than 1 year.

Legal basis:

Regulations of People's Republic of China (PRC) Municipality on the Administration of Housing Provident Fund

Article 24

In any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) the rent exceeds the prescribed proportion of family wage income.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.

If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.