Nowadays, when working-class people buy real estate, they basically use provident fund loans to buy it. Provident fund is a basic right of employees. The main purpose of provident fund is to make loans when buying real estate or as the down payment of real estate. However, the provident fund also has a prescribed number of uses. Then, how many times can the provident fund loan be used in a lifetime?

Number of accumulated funds

According to relevant regulations, provident fund loans can be used twice in a lifetime. That is, you can use it once the first time, once the second time, and you can't use it anymore. If you haven't used the provident fund loan for the first two times, you can't use it for the third time. The provident fund loan is only bound to the first two times. If it is a family-based provident fund loan, there are only two opportunities, that is, if the husband and wife form a family loan together, it will also be regarded as one time.

The second provident fund loan needs to be applied after the first provident fund loan is paid off, that is, the loan can only be made once at the same time, and the next loan can only be made after the repayment is completed. Moreover, before applying for provident fund loans, the time for continuous full payment of housing provident fund shall not be less than 6 months, and some cities stipulate that it shall not be less than 12 months. Therefore, if you want to use provident fund loans, you need to know the preconditions of provident fund loans.