Yes.
According to the "Housing Provident Fund Management Regulations":
Article 26: Employees who pay housing provident funds when purchasing, constructing, renovating or overhauling their own houses, You can apply for a housing provident fund loan from the Housing Provident Fund Management Center.
The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant; if the loan is granted, the entrusted bank shall handle the loan procedures.
The risks of housing provident fund loans are borne by the housing provident fund management center.
Extended information:
On September 15, 2015, the "Notice on Operational Issues Concerning Housing Provident Fund Off-site Personal Housing Loans" (Jianjin [2015] No. 135) was issued, clarifying Housing provident fund off-site personal housing loan application process. The application for provident fund loans in different places points out that in the future, employees can apply for provident fund loans by paying continuously for 6 months, and provident funds will be mutually recognized in different places.
Provident fund off-site loans mainly include employees who have paid housing provident fund in full for more than 6 months (inclusive). They can apply for housing provident fund personal housing loans. The loan targets the purchase of a first self-occupied house or a second house. Employees who pay deposits in improved ordinary self-occupied housing.
Baidu Encyclopedia- Provident Fund Off-site Loans