Provident fund, usually refers to housing provident fund, is a long-term housing deposit paid by state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social groups and their employees.

savings.

The provident fund system is actually a housing security system and a form of monetization of housing distribution.

The housing provident fund system is an important housing social security system stipulated by national law and is mandatory, mutually supportive, and protective.

Units and individual employees must fulfill their obligations to pay housing provident funds in accordance with the law.

The housing provident fund paid by individual employees and the housing provident fund paid by the unit for them are stored in special accounts and belong to the individual employees.

Provident fund loan process: 1. Application.

The borrower should submit a written application for a housing provident fund loan to the housing provident fund management center, and truthfully fill in the housing provident fund loan application form and relevant information, such as: personal ID card, borrower's marriage certificate, income certificate of the applicant and spouse, legal

Original house purchase contract, seals of the applicant and spouse, etc.; 2. Preliminary review.

The Housing Provident Fund Management Center will conduct a preliminary review of the applicant's materials, including the applicant's qualifications, loan amount, term, etc. After passing the preliminary review, the Management Center will issue a "Collateral Review and Assessment Notice"; 3. Assessment.

After receiving the "Collateral Review and Appraisal Notice", the applicant will take the notice to the designated appraisal agency to conduct a value appraisal on the house to be purchased. If it is an affordable house, there is no need for appraisal; 4. Review.

After the applicant obtains the "Evaluation Report" issued by the evaluation agency, he will take the "Evaluation Report" and preliminary review materials to the Provident Fund Management Center for payment review. If the review is passed, the management center will issue a "Housing Fund Management Center Guaranteed Entrusted Loan Investigation Notice"

one".

Legal basis: Article 5 of the "Housing Provident Fund Management Regulations" Housing Provident Fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and no unit or individual may misappropriate it for other purposes.

Article 26 Employees who have paid housing provident funds may apply for housing provident fund loans from the Housing Provident Fund Management Center when purchasing, constructing, renovating, or overhauling their own homes.

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.