How long does it take to pay the housing provident fund before I can borrow money to buy a house?

The details are as follows:

1. Generally, you need to pay the provident fund for more than 12 months before you can borrow money to buy a house.

2. The loan applicant must establish a housing provident fund account for more than 12 months (inclusive), and at the same time, pay the housing provident fund in full for more than 12 months (normal payment includes continuous monthly payment, prepayment and supplementary payment of housing provident fund), and be in the state of payment when applying for a loan.

3. For the units that are in deferred payment with the approval of the center, their employees can apply for loans if they have established housing provident fund accounts for more than 12 months (inclusive) and paid housing provident fund in full for more than 12 months (inclusive).

accumulation fund usually refers to housing accumulation fund, and sometimes also refers to company accumulation fund.

Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.

Extended information:

Handling process of housing provident fund loan:

1. Lenders need to submit a written application to the bank and fill in the housing provident fund loan application form.

2. The bank accepts and examines the loan application with complete information in time and submits it to the provident fund center in time.

3. the provident fund center is responsible for approving loans and informing banks of the approval results in time.

4. The bank informs the applicant to go through the loan formalities according to the results of the examination and approval by the provident fund center. The borrower and his wife sign a loan contract and related contracts or agreements with the bank, and send the loan contract and other formalities to the provident fund center for review. After the approval by the provident fund center, the entrusted fund will be allocated, and the entrusted bank will issue the loan in full and on time according to the loan contract.

5. In case of mortgage, the borrower shall go through the mortgage registration formalities with the property right management department in the area where the house is located. The mortgage contract or agreement shall be signed by both husband and wife, and if securities are pledged, the borrower shall hand over the securities to the management department or the Union Center for custody.