Is there any regional restriction on housing provident fund to buy a house?

There are geographical restrictions on the purchase of housing provident fund. Because the housing provident fund is not unified and universal in the whole country, it is paid by regions, so employees can only buy houses locally in which city to pay the housing provident fund.

Of course, some areas have also opened different provident fund loans. If the city that wants to buy a house is exchanged with its own provident fund, employees can buy a house in different places. Note that different regions have different regulations. Please consult the staff of the local housing provident fund management center for details.

Is the balance of provident fund related to loans?

The specific amount of provident fund loans related to the balance of provident fund loans needs to be calculated according to the balance of the borrower's provident fund account. The more the balance of the provident fund, the higher the amount of provident fund loans that borrowers can apply for. Most urban housing provident fund management centers stipulate that the amount of provident fund loans is 10- 20 times the balance of provident fund accounts. In addition to calculating the loan amount according to the balance in the provident fund account, there are four other ways to calculate the credit amount of provident fund loans.