under normal circumstances, it will affect the application for provident fund loans if the provident fund is broken off. When applying for a mortgage, it is required that the provident fund account must be paid continuously for 12 months and the provident fund is in a normal payment state when applying for a loan. However, users can still choose to use the balance of the provident fund account, which can be used to repay loans, or to pay rent or decorate houses.
The impact of the suspension of provident fund payment on loans is mainly manifested in the following two aspects:
(1) If you want to apply for provident fund loans, according to the provisions of the provident fund management regulations, the borrower must continuously pay the housing provident fund on a monthly basis before the date of applying for loans, and the units that have been in arrears for more than three months (including three months) will suspend accepting applications for individual housing loans from the housing provident fund. Therefore, if you stop paying the provident fund, you will not be able to apply for provident fund loans.
(2) For borrowers who have applied for provident fund loans, if the housing provident fund loan borrowers fail to pay the housing provident fund in full and on time for three consecutive months or six cumulative months, the provident fund management center has the right to terminate the loan contract and require the borrowers to pay off the housing provident fund loans in advance.
Legal basis:
Regulations on the Management of Housing Provident Fund
Article 15 If a unit hires employees, it shall go through the deposit registration at the housing provident fund management center within 3 days from the date of employment, and go through the formalities for the establishment or transfer of employee housing provident fund accounts at the entrusted bank with the audit documents of the housing provident fund management center. Where the unit terminates the labor relationship with the employee, the unit shall, within 3 days from the date of termination of the labor relationship, go to the housing provident fund management center to register the change, and go to the entrusted bank to handle the transfer or sealing procedures of the employee housing provident fund account with the audit documents of the housing provident fund management center.