The Provident Fund is a very important public benefit in the country, which can be used not only as an old-age security for workers, but also to purchase housing and apply for loans, etc. For those with poor credit records but steady incomes, it is very difficult for them to have access to credit. So, many people come to the bank with the idea of “lending as long as they pay their taxes” to get a loan, but is that true? Can you make a loan if you pay a deposit

First, we need to know what credit is. It is common understanding that, in the absence of any guarantee conditions, a combination of a person ' s credit record and repayment capacity is used to determine whether a loan is granted. In other words, credit loans emphasize an individual ' s credit position and ability to repay, not any collateral or collateral. In other words, without a good credit record and the ability to repay, no matter how much you accumulate, you cannot get credit。

Secondly, let's look at the impact of the Provident Fund on loans. In accordance with the relevant national legislation, contributions to the Provident Fund may be used as a source of repayment for loans, which are indeed helpful when applying for housing, car or other personal loans. But only if you have a credit record and a repayment capacity. Banks would also not approve loan applications if they only paid a pool without better credit records and repayment capacity。

Finally, let's look at the bank's requirements for loan applicants. First of all, you need a high-income certificate that shows that you have sufficient capacity to pay back. Secondly, you need to have some good credit records, such as you can pay back on time, good credit records, etc. If, in these conditions, you have a higher pool, you do have the advantage of giving priority to credit. But if you don't have a good credit record and solvency, even if you pay more, the bank won't approve your credit application。