As long as you have paid the provident fund continuously for more than one year, you can get a loan, but the provident fund loan amount is not high

The housing provident fund refers to state agencies and institutions, state-owned enterprises, and urban collectives Long-term housing savings are contributed equally by enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social groups and their employees.

Starting from July 1, 2017, all housing provident fund management centers across the country will handle the off-site transfer and continuation of housing provident funds through the platform in accordance with the requirements of the "National Operating Procedures for the Transfer and Continuation of Housing Provident Funds in Other Places" issued by the Ministry of Housing and Urban-Rural Development.

On July 1, 2021, the People's Republic of China and the Ministry of Housing and Urban-Rural Development determined the national housing provident fund service logo and decided to activate it from now on. [14]

Development

In 2011, the Ministry of Housing and Urban-Rural Development was working with various departments to study and revise the "Housing Provident Fund Management Regulations", allowing individuals to withdraw provident funds for payment Housing rent regulations. In 2013, some cities introduced measures to allow employees with serious illnesses or their immediate family members to withdraw provident funds for emergency relief.

In 2014, the three departments issued a document to cancel charging items such as housing provident fund personal housing loan insurance, notarization, new home evaluation and mandatory institutional guarantees to reduce the burden on loan employees.

In 2015, the "Regulations on the Administration of Housing Provident Funds (Revised Draft for Review)" is planned to stipulate that the contribution ratio of employees and units to housing provident funds shall not be less than 5 and shall not be higher than 12. February 2016 Starting from the 21st, the deposit interest rate of employees’ housing provident fund accounts will be adjusted to the one-year time deposit benchmark interest rate, and the increased interest rate will be 1.50.

Starting from July 1, 2017, all housing provident fund management centers across the country will be "networked" and handle the transfer and continuation of housing provident funds to other places through a unified platform.

On May 15, 2018, the Beijing Housing Provident Fund Management Center issued the "Notice on Cancellation of Copies of Identity Documents as Requirements for Housing Provident Fund Collection and Loan Business Processing." [1][2]

On July 1, 2021, the Ministry of Housing and Urban-Rural Development of the People's Republic of China and the Ministry of Housing and Urban-Rural Development determined the national housing provident fund service logo and decided to activate it from now on.

Nature

(1) Security, the establishment of a housing provident fund system for employees provides a guarantee for employees to solve their housing problems quickly and better;

( 2) Mutual assistance. The establishment of a housing provident fund system can effectively establish and form a mechanism and channel for workers with housing to help workers without housing. The housing provident fund provides financial help to workers without housing, which reflects the mutual assistance of the housing provident fund for employees;

(3) In the long term, every urban employee must pay personal housing provident fund from the date of joining the work to retirement or termination of the labor relationship; the unit where the employee works must also pay according to regulations Contribute to housing provident fund for employee subsidies.

Characteristics

(1) Universality, urban employees, regardless of the nature of their work unit, the level of their family income, or whether they have housing, must pay in accordance with the provisions of the "Regulations" Deposit the housing provident fund;

(2) Mandatory (policy). If the unit fails to register the deposit of housing provident fund or does not handle the establishment of housing provident fund accounts for the employees of the unit, the management center of the housing provident fund has the power to order If the application is not processed within the time limit, you may be punished in accordance with the relevant provisions of the "Regulations" and may apply to the People's Court for enforcement;

(3) Welfare, in addition to the housing provident fund paid by employees, the unit A certain amount of money must also be paid for employees, and the interest rate of housing provident fund loans is lower than that of commercial loans;

(4) Returnability, when employees retire, retire, or completely lose their ability to work and terminate the labor relationship with the unit , move out of household registration or settle abroad, etc., the housing provident fund paid will be returned to the individual employee.