Under normal circumstances, when handling provident fund loans, applicants will not be forced to provide guarantee companies for guarantee.
Some people will be asked to provide guarantee companies when applying for provident fund loans. In fact, in order to control risks, banks will need guarantee companies when the qualifications of developers are too poor or applicants are not qualified enough. Provident fund management center requires guarantee companies to guarantee, mainly to reduce risks.
In other words, when we apply for provident fund loans, we need guarantees, but they are not necessarily limited to guarantee companies. At present, the applicant can choose the following four ways to guarantee the loan.