If it is necessary to judge the balance of the provident fund loan, the bank will judge the loanable amount according to the stored balance of the borrower's provident fund account. Provident fund loans require a balance in the provident fund account and continuous deposit for six months, and the maximum amount of provident fund loans shall not exceed 40 times the balance of the provident fund account.

Process of drawing provident fund:

1. Prepare materials as required. If you want to withdraw the provident fund, you need to submit the ID card, withdrawal certificate, bank card and other materials for approval according to the staff's tips. The specific notice of the local provident fund center shall prevail, and there shall be no omissions or errors;

2. Apply to the Provident Fund Center. You can apply to the provident fund management center nearby. At this time, you must submit the information to the provident fund center for review. If there is any problem with the information, the counter staff will inform you to correct or supplement it on the spot. Do not meet the conditions for withdrawal of provident fund, inform the applicant of the reasons for not withdrawing, and return the application materials.

3. If the applicant signs and confirms that there is no problem with the submitted materials, it needs to sign and confirm after the window of the provident fund center is approved, and the corresponding materials should be scanned and archived;

4. After the Provident Fund Center collates and stores the application materials for the next payment into the computer, the Provident Fund Center will arrange the funds to the provided bank account. Under normal circumstances, it takes about 1 week for the provident fund center to review the materials and arrange the funds to arrive. Just wait patiently for the notice from the provident fund center.

In summary, the provident fund has to continue to be paid. If the supply exceeds the demand, the provident fund management will re-evaluate the loan contract and the loan interest rate will rise.

Legal basis:

Regulations of People's Republic of China (PRC) Municipality on the Administration of Housing Provident Fund

Article 25

If the employee withdraws the balance stored in the housing provident fund account, it shall be verified by the unit where he works and a certificate of withdrawal shall be issued. Workers apply to the housing provident fund management center for withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or disapprove the withdrawal, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures.

Article 26

Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.