As people ' s standard of living improves, the importance of the Provident Fund is increasingly recognized. The Provident Fund is an indispensable source of financing, not only for the purchase of housing, the payment of social security and other daily expenses, but also for the provision of a variety of loan services, of which the Provident Fund credit is one of the most popular。

How do you apply for the Provident Fund credit

Provident Fund credit is a credit loan secured by the Personal Provident Fund, which the borrower may apply for according to his/her ability to repay. So, how do you apply for the Provident Fund credit

First, borrowers need stable working units that pay the Provident Fund and have sufficient Provident Fund account balances. In general, banks determine the amount and duration of the loan on the basis of the borrower ' s length of service and the length of time that the contribution is due. In general, a Provident Fund credit can be applied for after more than one year of contributions。

Second, borrowers need to have personal credit documentation, such as bank flows, personal credit reports, etc. The bank will decide whether to obtain a loan, depending on the borrower's creditworthiness and ability to repay。

Finally, borrowers are required to travel to the Housing Provident Fund Management Centre to process the procedures. The practical steps are as follows: first, to check with the local Housing Provident Fund management centre for its own Provident Fund account balances and timing of payments; then, at the request of the bank, to submit the application to the Housing Provident Fund management centre; and, pending the approval of the Housing Provident Fund management centre, to obtain the certificate of withdrawal from the Provident Fund, then to take the certificate of withdrawal from the Provident Fund and the certificate of personal credit, and to apply to the bank for a loan, after the bank ' s approval。

In general, the conditions for applying for a Provident Fund credit are, inter alia, stable work and time to pay the Provident Fund, as well as good personal credit. In addition, there is a need to travel to the Local Housing Provident Fund Management Centre to process the procedures and to provide the bank with sufficient information to prove the borrower ' s credit position before submitting a loan application。