Employees can apply for provident fund loans after paying the provident fund, but they need to meet two conditions. One is that the provident fund needs to be deposited continuously for six months, and the other is that the provident fund account is in a state of existence when applying for a provident fund loan. What does it mean to show the seal of the provident fund when applying for a loan? Let's have a look.

What does the provident fund show as a seal?

Stamping the provident fund account number means that the provident fund account has been closed and the company has not paid the provident fund. Once the provident fund is stopped, the account number will be automatically sealed. The sealed provident fund cannot handle the provident fund business such as loans, but it can apply for cash withdrawal.

Provident fund storage solution:

1 When a user changes to a new company, the company will seal the user's provident fund account. Users can transfer the provident fund account when they enter the new company, and then they can unseal the provident fund.

When the employee and the original unit resume the wage relationship, the unit shall go through the formalities of unsealing the provident fund with the remittance slip of the provident fund within 30 days from the date of resuming the wage relationship.

Provident fund loan is the most popular loan method now, because the loan interest of provident fund loan is much lower than that of commercial loan, which can save a lot of interest expenses. However, there will be a maximum amount of provident fund loans. Personal loans are lower than husband and wife provident fund loans. The maximum amount of provident fund loans in different regions is different. Users can directly consult the specific loan amount of the local provident fund management center.