Provident funds can be used to buy a house in another place.

If you use a housing provident fund loan to buy a house in the local area, you should comply with the local house purchase policy. Only after your credit and income have been assessed, the house purchase materials are fully prepared, and you have collateral or a guarantor in another place, the bank will issue the loan.

The housing provident fund refers to the equal contributions made by state agencies and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social groups and their employees.

Long-term housing savings.

The process of buying a house with a provident fund loan in another place is: 1. The customer signs a house purchase agreement or contract; 2. The borrower applies for a personal house purchase loan from the lending bank; 3. Sign the contract after investigation and approval; 4. Go through notarization, mortgage and other procedures; 5. The lender

Process the loan; 6. After the loan is paid off, the lender cancels the pledge certificate and returns it to the customer.

Legal basis: "Notice of the Ministry of Housing and Urban-Rural Development on Operational Issues Concerning Housing Provident Fund Off-site Personal Housing Loans" 2. Processing Procedures (1) Loans The City Provident Fund Center accepts employees’ consultation on off-site loan business and informs them of the required review materials for the loan at one time.

(2) The employee himself or his client submits an application to the City Provident Fund Payment and Deposit Center. The City Provident Fund Payment and Deposit Center will verify the employee's deposit loan status based on the employee's application, and provide personal housing loans for unused housing provident funds or first-time housing provident fund personal housing loans.

For employees whose deposits have been settled, a "Certificate of Use of Housing Provident Fund for Employees with Loans in Other Places" will be issued.

(3) After accepting the employee's off-site loan application, the Loan City Provident Fund Center shall verify the authenticity and completeness of the information in the "Certificate of Payment and Use of Housing Provident Fund for Employees with Off-site Loan" with the City Provident Fund Payment and Deposit Center.

If the verification is correct, the loan review and approval procedures should be completed within the specified time limit, and the results should be fed back to the city provident fund center.

The urban provident fund deposit center identifies employees' off-site loans and establishes a detailed account of employees' off-site loans.

(4) If the personal housing provident fund account of a depositing employee is transferred during the loan repayment period in another place, the original depositing city provident fund center should promptly notify the lending city provident fund center and the transferred city provident fund center.

The transferred urban provident fund center should promptly re-identify and record the off-site loan status after receiving the employee housing provident fund account.

(5) When an off-site loan becomes overdue, the city provident fund deposit center shall cooperate with the lending city provident fund center to carry out loan collection and other work. According to the loan contract, the balance of the loan employee provident fund account can be deducted to repay the loan.