I. Extraction Process of Sentenced Housing Provident Fund
(a) first apply to the unit, and the unit will review the relevant certificates submitted by individuals. After meeting the extraction conditions, the unit will fill out the Approval Form for Individual Extraction of Housing Provident Fund and affix the reserved seal.
(two) the handling personnel of the unit or individual employee shall go to the provident fund center (hereinafter referred to as the provident fund center for the establishment of housing provident fund accounts) for approval with the "Approval Form for Individual Withdrawal of Provident Fund" together with the original and photocopy of relevant certification materials. After the approval of the provident fund center is completed, the special seal for approval of provident fund shall be affixed to the Approval Form for Individual Withdrawal of Provident Fund filled in by the unit.
(III) The handling personnel or individual employees of the unit go to the provident fund center where the account is opened to handle the transfer business with the Approval Form for Individual Withdrawal of Provident Fund approved by the provident fund center and the Transfer Voucher of Housing Provident Fund Management Center filled in and signed by the unit. The provident fund center will transfer the housing provident fund applied by the employees to the basic settlement account of the unit, and the unit will take it out and pay it to the employees.
Second, how to use the housing provident fund to buy a house
1, purchase owner-occupied housing
The provident fund can borrow money to buy a house. Why does the state set up housing construction provident fund in the hope that ordinary people will buy it with provident fund loans? The advantage of provident fund loan is that the loan interest rate is low, the commercial loan interest rate is 4.35%, and the provident fund loan is 2.75%, but the provident fund loan can be 1.2 million. If you choose a provident fund loan, you will pay it off after 20 years, saving $200,000 compared with commercial loans.
2. Pay the principal and interest of commercial loans and provident fund portfolio loans.
Commercial housing loan borrowers and their spouses can apply for withdrawal of housing provident fund and repay the principal and interest of commercial housing loans every year. During the repayment of housing provident fund, employees and their spouses apply for commercial housing loans for the first time and must repay after 1 year, that is, 12 months of loan principal and interest. The time interval of each subsequent withdrawal shall not be less than 1 year, and the total withdrawal amount of employees and spouses shall not exceed 12 months before applying for withdrawal of principal and interest.
3. Pay the principal and interest of the provident fund portfolio loan
For those who buy provident fund (portfolio) loans, they can withdraw the provident fund to repay the principal and interest, but the management process of withdrawing the provident fund is different from that of pure enterprise loans, and portfolio loans are relatively troublesome.
4. Retirement pension
You can take it out as a pension after retirement.
5, the treatment of serious diseases
Family members suffering from major illness or major surgery hospitalization, workers and their spouses can apply for withdrawal of housing provident fund. The application date should be within 1 year from the date of discharge, and the total withdrawal amount should not exceed the individual hospitalization expenses.
Legal basis:
Regulations on the administration of housing provident fund
Twenty-fourth in any of the following circumstances, employees can withdraw the balance of my housing provident fund account:
(a) the purchase, construction, renovation and overhaul of owner-occupied housing;
(2) retirement;
(three) completely lose the ability to work, and terminate the labor relationship with the unit;
(4) Having left the country to settle down;
(5) Repaying the principal and interest of the house purchase loan;
(six) the rent exceeds the prescribed proportion of family wage income.
In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time. 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.