Provident funds cannot be used to repay car loans. Provident fund is the housing provident fund that employees pay in proportion to their wages as stipulated by the state, which is compulsory, welfare, security and cooperative. The paid provident fund belongs to the employee himself, and no one else has the right to use it.

Buying a car loan requires the following conditions:

1, automobile consumption loan application conditions To apply for an automobile consumption loan, in addition to buying a car within a limited range from a special dealer recognized by the bank, the car buyer who applies for an automobile consumption loan must also meet the following conditions:

(1) The car buyer must be at least 18 years old and a citizen of China with full civil capacity.

(2) Car buyers must have a relatively stable job, a relatively stable economic income or assets that can be easily realized, in order to repay the loan principal and interest on schedule. Assets that are easy to realize here generally refer to securities and gold and silver products.

(3) During the loan application period, the car buyer will deposit the car purchase down payment lower than that stipulated by the bank into the account of the bank savings counter.

(4) Providing banks with bank-approved guarantees. If the personal account of the car buyer is not local, it should also provide joint liability guarantee, and the bank will not accept the mortgage set by the car buyer for the car purchased by the loan.

(5) Car buyers are willing to accept other conditions deemed necessary by the bank.

Housing provident fund can be extracted:

Extraction conditions:

Workers in any of the following circumstances, you can apply for the withdrawal of their own and their spouses' housing provident fund:

Purchase, construction, renovation and overhaul of owner-occupied housing;

Repay the principal and interest of the house purchase loan;

Rent a house for self-occupation;

I or my spouse, parents or children suffer from serious diseases, causing serious difficulties in family life;

Encountered sudden major natural disasters, causing serious difficulties in family life;

Being included in the scope of the minimum living guarantee for urban residents in this Municipality.

Workers in any of the following circumstances may apply for withdrawal of housing provident fund:

Retired;

Completely lose the ability to work and terminate the labor relationship with the unit;

Settle abroad or settle in Hong Kong, Macao and Taiwan;

Termination of labor relations with the unit for two years without employment, and family life is seriously difficult;

Termination of labor relations with the unit without re-employment, men over 50 years of age, women over 45 years of age, family life is difficult;

Non-registered employees and units terminate their labor relations and leave the city, registered employees and units terminate their labor relations and their household registration moves out of the city.

If an employee dies or is declared dead, his successor or legatee shall apply for withdrawing the storage balance in the employee's individual housing provident fund account.