The provident fund can apply for personal consumption loans, but only a few banks can handle it.

There are some commercial banks that can provide users with provident fund consumer loans, such as China Guangfa Bank, Everbright Bank, China Merchants Bank and CITIC Bank. Taking Guangfa Bank as an example, the maximum amount of provident fund consumer loans can reach 500,000 yuan, and the validity period of a single credit is 5 years. The credit can be used repeatedly and can be borrowed and repaid at any time. The borrower is required to pay provident fund for more than half a year and be over 25 years old. In addition, the borrower's monthly provident fund payment cannot be less than 600 yuan. Provident fund personal consumption loans are actually personal unsecured credit loans applied for with the provident fund as reference. Only users who have paid the provident fund can apply. Different from the requirements for general consumer credit card loans, provident fund personal consumption loans not only meet the basic requirements, but also refer to the provident fund payment time and monthly payment base.

What is Provident Fund?

1. The monetary form of housing allocation generally refers to the housing provident fund;

2. The housing provident fund refers to state agencies and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, Long-term housing savings deposited by urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social groups and their employees;

3. Starting from July 1, 2017, nationwide All housing provident fund management centers will handle the off-site transfer and continuation of housing provident funds through the platform in accordance with the requirements issued by the Ministry of Housing and Urban-Rural Development. On July 1, 2021, the People's Republic of China and the Ministry of Housing and Urban-Rural Development determined the national housing provident fund service logo and decided to activate it from now on;

4. In 2021, various services of the national housing provident fund The operation was stable, with housing provident fund deposits of 2.915687 billion yuan, and 66.1121 million people withdrawing housing provident funds of 2.031613 billion yuan.

To sum up, there are some commercial banks that can provide users with provident fund consumer loans, such as China Guangfa Bank, China Everbright Bank, China Merchants Bank and CITIC Bank.

Legal basis:

Article 24 of the "Housing Provident Fund Management Regulations"

If an employee has any of the following circumstances, he or she may withdraw funds from the employee housing provident fund account The storage balance of:

(1) Those who purchase, build, renovate or overhaul their own houses;

(2) Those who retire or retire;

(3) ) Completely loses the ability to work and terminates the labor relationship with the employer;

(4) Leaving the country to settle down; (5) Repaying the principal and interest of the house purchase loan;

(6) 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, if the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time.

If an employee dies or is declared dead, the employee’s heirs and legatees can withdraw the balance in the employee’s housing provident fund account; if there is no heir or legatee, the balance in the employee’s housing provident fund account can be withdrawn. Included in the value-added income of the housing provident fund.