Legal analysis: First, if you buy a house with a commercial loan first, and then the work unit starts to pay the housing provident fund, then the housing provident fund paid by employees can be used when they want to buy a second suite in the future, and then they can apply for a provident fund housing loan. Provident fund housing loans generally require continuous deposit of housing provident fund for more than 6 months, and you can apply for normal deposit of the provident fund account in the current month.

Second, because the interest rate of provident fund loans is generally lower than that of commercial loans, it is often more cost-effective to apply for provident fund loans than commercial loans. Of course, customers can also choose to apply for portfolio loans. And customers can also apply for provident fund loan repayment business, and use the funds in the provident fund account to offset the housing loan. Handling annual offset means offsetting the principal once a year; Handling monthly payment means repaying the principal and interest in installments every month.

Three, provident fund can also be used for the construction, renovation and overhaul of owner-occupied housing. Houseless households can withdraw provident fund to pay rent; If you are in financial difficulties, such as families enjoying subsistence allowances, you can also withdraw provident fund to subsidize families. Or you can apply for withdrawal of provident fund to repay the loan with the purchase contract.

Legal basis: Article 24 of the Regulations on the Management of Housing Provident Fund: In any of the following circumstances, employees may withdraw the storage balance in their housing provident fund accounts:

(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.