Yes, this is considered a provident fund off-site loan, but it needs to meet the conditions.

Yes, the Ministry of Housing and Urban-Rural Development clearly stipulates that provident fund off-site loans should be handled according to the following process:

Loan City Provident Fund Center accepts employees’ off-site loan business consultation and informs the loan of the required review materials at one time ;

The employee himself or his client submits an application to the city provident fund deposit center. The city provident fund deposit center will verify the employee's deposit loan status based on the employee's application, and provide personal housing loans or first-time housing provident fund loans that have not been used. Employees who have paid housing provident fund personal housing loans and have paid off shall issue the "Certificate of Housing Provident Fund Payment and Use for Employees with Off-site Loans";

After the Loan City Provident Fund Center accepts the employee's off-site loan application, it shall submit it to the City Provident Fund Payment Center Verify the authenticity and completeness of the information in the "Certificate of Payment, Deposit and Use of Housing Provident Fund for Employees with Off-site Loans". 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 depositing center identifies the employees' off-site loans and establishes a detailed ledger of employees' off-site loans;

During the repayment period of the off-site loans for the depositing employees, if the personal account of the housing provident fund is transferred, the original deposit fund The Urban Provident Fund Center should promptly notify the Urban Provident Fund Center of the loan and the transfer to the Urban Provident Fund Center. The transferring city provident fund center should promptly re-identify and record the off-site loan situation after receiving the employee housing provident fund account;

When the off-site loan becomes overdue, the depositing city provident fund center should cooperate with the lending city provident fund center to carry out the loan For collection and other work, according to the loan contract, the balance of the employee's provident fund account can be deducted to repay the loan.

Documents required to apply for a provident fund loan:

Commercial housing sales contract;

ID card, household register and marriage status certificate of the applicant and spouse;

Employment certificate and bank statements;

Down payment receipt (one copy will be required upon verification of the original);

Proof of provident fund payment (or housing provident fund card);

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The appraisal report of the purchased house;

The "House Purchase Contract" signed by the buyer and the seller;

The "House Ownership Certificate" and the "State-owned Property Certificate" in the name of the original seller Land Use Certificate" (original and copy).