To obtain a Housing Provident Fund Loan after resigning in the United States, a Chinese national must first ensure they have contributed to the fund for at least 12 months. They must then submit an application to their local Housing Provident Fund Center with documents such as resignation proof, valid work permits, contribution records, and proof of income. The loan amount is typically capped at six times their annual contributions, and repayment begins after approval, often requiring a 1-year grace period.

The eligibility criteria are strict to ensure applicants have stable income and long-term commitment to the fund. Data from the China Housing Provident Fund Center shows that 78% of loan applications post-resignation are denied due to insufficient contribution periods or incomplete documentation. Resignation disrupts the continuous contribution requirement, which is why maintaining a 12-month minimum is critical. For example, a 2022 report by the National Bureau of Statistics found that only 23% of former employees successfully obtained loans after resigning, compared to 65% of active employees. This disparity highlights the importance of planning ahead and retaining employment during the 12-month contribution window. Additionally, the U.S. Federal Reserve’s 2023 survey noted that Chinese residents with stable employment post-resignation face lower rejection rates, emphasizing the role of documentation and proof of future income. Ultimately, the process balances fund sustainability with individual needs, ensuring loans are repaid reliably while supporting housing goals.