You can borrow money to buy a house after paying the Nanjing Provident Fund for six months.

when applying for a loan, the provident fund account must be in the state of deposit, that is, the state of non-suspension. Therefore, you can only apply for provident fund loans if you have paid for more than six months, depending on the local policy. Normal deposit refers to the continuous monthly deposit, advance payment and supplementary payment of housing provident fund. It should be noted that the time for supplementary payment of housing provident fund cannot exceed three months. When a user applies for a provident fund loan, the balance of the provident fund account will not be deducted, and the funds issued by the loan are the unused provident fund in the housing provident fund account. However, users can apply for provident fund hedging business and repay provident fund loans with the balance of provident fund accounts.

Impact of loans overdue on provident fund:

1. Withdrawal of provident fund is suspended: during the repayment period, if the lender is overdue, the provident fund center will suspend withdrawal of provident fund until the loan is repaid normally;

2. collecting overdue interest: the overdue provident fund needs to pay a fine interest of 5% of the loan interest rate;

3. Collateral will be handled in case of long-term overdue: in case of non-malicious long-term overdue, the bank can use the real estate auction to make up for the losses of the provident fund center;

4. Affect the credit of the guarantor: provident fund loans often need to provide a guarantor, and when the lender is overdue, the credit of the guarantor will also be affected;

5. Bad record: the overdue record of the provident fund in loans overdue will be uploaded to the People's Bank of China's credit information, which will have a great impact on applying for loans in the future.

to sum up, most people are willing to choose provident fund loans because the loan cost is lower than that of commercial loans. However, because of the long loan period, it is easy to be overdue if there is economic difficulty for a while.

Legal basis:

Article 26 of the Regulations on Housing Provident Fund Management

Employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses.

the housing provident fund management center shall, within 15 days from the date of accepting the application, make a decision on granting or not granting the loan, and notify the applicant; If the 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.