If it is a new house mortgage loan, the provident fund loan will directly hit the supervision account of the real estate project. Provident fund loans are issued by the Provident Fund Center. In order to ensure the smooth construction and completion of the project, every real estate developer will open a supervision account in a commercial bank. Therefore, provident fund loans will be distributed to the project supervision account like commercial loans.

If it is a second-hand housing loan, the provident fund loan will hit the corporate account of the transaction intermediary. If we buy a second-hand house through an intermediary, the provident fund center and the bank will entrust the loan to the enterprise account of the transaction intermediary, and the transaction intermediary will then transfer the money to the seller.