no.

Use of housing provident fund:

Use 1: Buying a house

If you buy a house without a loan, you can withdraw the provident fund at one time; Commercial loans can be used to withdraw provident fund for down payment; Commercial loans to buy a house can be withdrawn from the provident fund to repay the principal and interest; Provident fund (portfolio) loan can be used to withdraw the provident fund to repay the principal and interest.

Use II: Building renovated and overhauled houses

If the owner-owned houses are built, renovated or overhauled on rural collective land and housing loans are used, employees and their spouses may apply to withdraw the amount of provident fund before the month when the building is approved (including the month), and the total amount of withdrawal shall not exceed the building cost.

use 3: renting a house

use the provident fund to pay the rent of the economic rental house with rent allocation or government rent subsidy; Use the provident fund to pay the market rent.

Use 4: Parents buy houses for their children

If they don't use the housing loan to buy their own houses, they can withdraw their parents' provident fund; Use a personal housing loan from a commercial bank to purchase your own house, and you can withdraw your parents' provident fund after paying the down payment; Use the personal housing provident fund (portfolio) loan to buy your own house, and you can withdraw your parents' provident fund after paying the down payment.

use 5: the account can be withdrawn with all the balance

if it is retired; Workers with agricultural household registration have reached the age of 6 for men and 55 for women; Settle in foreign countries, Hong Kong, Macao and Taiwan; Completely lost the ability to work, mostly lost the ability to work or severely disabled, and dissolved or terminated the labor relationship with the unit; Receiving unemployment insurance benefits; Being sentenced to punishment, the registered permanent residence workers in the city or non-city where they moved out dissolve or terminate the labor relationship with their units; The housing provident fund account has been transferred to the centralized storage household for 2 years or the labor relationship with the original unit has been terminated for 2 years; If you work outside the administrative area of your city and establish and deposit housing provident fund locally, you can cancel your account and withdraw all the balance of the provident fund.