Provident fund withdrawal means that the depositor goes through the procedures of provident fund withdrawal in the relevant departments of provident fund withdrawal according to the requirements of provident fund withdrawal, and withdraws part or all of the amount in the provident fund account to the personal bank account. Provident fund withdrawal is divided into three types: agreed withdrawal, partial withdrawal and cancellation withdrawal.
What is the minimum standard of provident fund?
Minimum standard of provident fund loan amount
(1) shall not exceed 10~40 times of the balance of the provident fund account.
(two) no more than 70% of the housing price (the latest is 80%)
(3) Repayment period, retirement age-present age+5; The monthly repayment shall not exceed 50% of the payment base (monthly income);
(4) The maximum loan amount ranges from 200,000 to1.20,000 (each city has different regulations, and one person loans and two people loans are different).
Provident fund loan policy
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans. The loan conditions are: the employees of the unit have signed labor contracts for more than three years (or signed 1 year labor contracts for three consecutive years); Normal continuous monthly housing provident fund deposit exceeds a certain period; Not exceeding the statutory retirement age; The borrower has a stable economic income and the ability to repay the principal and interest; The borrower agrees to handle the mortgage registration and insurance; Provide the guarantee method agreed by the local housing provident fund management center and its sub-centers; At the same time, submit relevant documents required by the bank, such as house purchase contract or house pre-sale contract, real estate license, land use certificate, deposit certificate of provident fund, etc.
Legal basis: Article 24 of the Regulations on the Management of Housing Provident Fund: In any of the following circumstances, employees may withdraw the storage balance in their housing provident fund accounts:
1, which is used to purchase, build, renovate and overhaul owner-occupied houses;
2. For retirees;
3, completely lose the ability to work, and terminate the labor relationship with the unit;
4. Go abroad to settle down;
5. Repay the principal and interest of the house purchase loan;
6, the rent exceeds the prescribed proportion of family wage income.
7, in accordance with the provisions of the preceding paragraph,,, extraction of employee housing provident fund, employee housing provident fund account shall be cancelled at the same time.
8. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.