Provident fund loan refers to individual housing provident fund loan, which is a mortgage loan that is paid by local housing provident fund management centers using the housing provident fund paid by employees who apply for provident fund loans, and entrusted by commercial banks to the housing provident fund depositors who purchase, build, renovate or overhaul their own houses and retired employees who pay the housing provident fund during their employment.
According to the regulations, employees who have paid the housing provident fund for a certain period of time or more (the period varies from city to city, such as Changsha exceeding 12 months) can apply for provident fund loans when the funds for purchasing, building, renovating or overhauling their own houses are insufficient.
Provident fund loans can be shared by two people, but accidents often occur on the way to the loan, and it is necessary to change the lender. After all, for money-related matters, generally speaking, changing the lender needs to meet the following conditions:
Under the premise that the housing provident fund loan has not been paid off, the main lender or borrower may not withdraw the provident fund loan without special circumstances.
If it is necessary to change the borrower due to the borrower's death, divorce or other legal reasons, and the new borrower is the immediate family member or spouse of the original borrower, regardless of whether it meets the conditions for personal provident fund loans at the time of change, the new borrower can directly go through the change procedures.