That is, the loan is credited to your account (indicating the money lent to you) and immediately transferred to the developer's account (binding the customer). You don't have to be bound. You will declare automatic deduction when signing the contract.

That is, from your personal account to the developer account. The whole process is automatically deducted, and there is no private interception. There is no need to worry that the developer will not receive the money.

Conditions for handling provident fund loans

1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who have not participated in the housing provident fund system cannot apply for housing provident fund loans.

2. If you participate in the housing provident fund system, you must also meet the following conditions to apply for a housing provident fund personal housing loan: that is, you must pay the housing provident fund continuously for not less than 6 months before applying for the loan. Because, if the employee's behavior of paying housing provident fund is abnormal and intermittent, it means that his income is unstable and he is prone to risks after issuing loans.

3. If one of the husband and wife has applied for a housing provident fund loan, both husband and wife shall not obtain a housing provident fund loan again before paying off the principal and interest of the loan. Because the housing provident fund loan is a kind of "housing security" financial support to meet the basic housing needs of workers' families.

4. When applying for a housing provident fund loan, the loan applicant must have a relatively stable economic income and repayment ability, and there are no other outstanding debts that may affect the repayment ability of the housing provident fund loan. When employees have other debts, it is risky to lend to housing provident fund, which violates the principle of safe operation of housing provident fund.

5. The term of the provident fund loan shall not exceed 30 years. For portfolio loans, the loan conditions of provident fund loans and commercial housing loans must be the same.

Extended data:

Information to be prepared for handling provident fund.

The depositor shall bring the originals and photocopies of the following materials to the bank to apply for opening an individual housing provident fund account:

1, ID card;

2, the previous year's pension insurance payment certificate or income tax certificate;

3. Employment registration certificate (registered as unemployed);

4. Bank personal savings account passbook or bank card (to be provided by the monthly deduction).

The deposit unit of the provident fund shall open an account opening permit for the provident fund loan. Units should go to the designated service outlets of provident fund management to receive or log on to the housing provident fund website to download the Application Form for Opening an Account for Housing Provident Fund, fill in and affix the official seal of the unit, and apply to the service outlets for registration of housing provident fund deposit and establishment of the unit account together with the original and photocopy of the following materials:

1, a copy of the approval document or business license for the establishment of the unit;

2. The original organization code certificate issued by the national quality and technical supervision department;

3. Bank basic deposit account account opening permit issued by China People's Bank;

4. Agent's ID card.