At the same time, there are provident fund loans and commercial loans, and the balance of provident fund can repay commercial loans. However, the part of the provident fund must be repaid first, and the part of the provident fund loan can be fully repaid before the commercial loan can be repaid. However, if property buyers use their own funds in advance, rather than the balance of provident fund, then they can choose to repay commercial loans with higher interest rates first. When applying for monthly repayment, the housing provident fund deposit of the repayment person is normal, and there is no suspension or holdover. When applying for monthly repayment, the borrower must repay the loan normally for more than two months, with good credit and no loans overdue record at the time of application.

When the main borrower and other customers who withdraw repayment on a monthly basis apply for repayment, the deposit amount of housing provident fund in their deposit accounts shall be kept for more than 6 months (including 6 months).

If the purchase time is less than one year, you can directly deduct the loan from the provident fund account every month. If one year has passed since the purchase, the amount in the provident fund account can be used to repay the house purchased by yourself and your spouse.

legal ground

"Regulations on the Management of Housing Provident Fund" Article 3 The housing provident fund paid by individual employees and the housing provident fund paid by the employee's unit for employees belong to individual employees. Twenty-fourth employees in any of the following circumstances, you can withdraw the balance of storage in the employee housing provident fund account:

(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.