You can use provident fund loans only if you pay the provident fund without paying social security, but social security will also be paid if you generally pay the provident fund. It is impossible for a unit to pay the provident fund without paying social security. If you are a local in the restricted area, you can buy a house without social security. If you are a foreigner, you need to pay a certain number of years of social security to be eligible to buy a house.

What are the requirements for provident fund loans?

1. The borrower can provide valid proof of residence.

2. I have a stable job in the local area, a reliable source of income, and can repay the loan on time.

3. Before the loan, there must be a continuous deposit of provident fund for at least 6 months, and the deposit time of provident fund shall not be less than 12 months.

4. The excellent credit report of the borrower shows that the borrower and his spouse have no outstanding provident fund loans.

5. Agree to use the purchased house as the guarantor recognized by the active mortgage guarantee institution.

6. Other conditions stipulated by the lending bank.

Provident fund loan process

1. When the borrower applies for a provident fund loan in the management department of the provident fund management center where the provident fund is deposited, and chooses the guarantee center to provide guarantee, it shall submit all the materials required for the individual to apply for a loan, including the personal and spouse's ID card, household registration book, marriage certificate, divorce certificate, proof of down payment for house purchase, house purchase contract, proof of housing provident fund deposit, etc.

2. After the loan application is approved in the first instance, the management department will issue the Notice of Examination of Guarantee Application, print the loan contract, mortgage (counter-guarantee) contract and other relevant legal documents, and submit all personal loan information to the guarantee center.

3. The guarantee center shall review the guarantee application, and if the borrower meets the guarantee conditions, the guarantee center shall issue a letter of approval for the guarantee application; If the borrower entrusts an intermediary agency to handle the provident fund loan, the intermediary agency shall handle the guarantee application procedures and collect the guarantee service fee. (Note: The agency must have the qualification certification of Beijing Housing Provident Fund Management Center and sign a cooperation agreement with the guarantee center)

4. The borrower shall pay the guarantee service fee according to the approved Letter of Approval for Guarantee Application. The guarantee center shall issue an invoice for the guarantee service fee, and affix the official seal of the guarantee center on the approved loan contract, mortgage (counter-guarantee) contract, custody contract and other legal documents.

5. The audited personal loan application materials (including the sealed contract) are transferred to the Housing Provident Fund Management Department by the guarantee center; If an intermediary agency is entrusted, the intermediary agency shall be responsible for the transmission of the above information.