Can I withdraw the provident fund from the portfolio loan?
You can withdraw the provident fund by buying a house with a portfolio loan. According to the regulations, for the first time to apply for withdrawing housing provident fund to repay the principal and interest of housing loans, you should apply for annual withdrawal once in the month or the next month corresponding to the first repayment after the repayment reaches 12 months, and withdraw the loan principal and interest repaid within 12 months. In addition, you need to submit the original deed tax payment certificate, the original purchase invoice, the original real estate sales contract, the original real estate title certificate, the original ID card and other materials.
Matters needing attention in buying a house with portfolio loan
It should be noted that when applying for a portfolio loan to buy a house, you must pay attention to your own conditions and the house you buy must meet the requirements of both commercial loan banks and provident fund loans, and choose the intersection of the two.
Commercial loans require housing area. Generally, banks do not accept houses below 30_ (and the housing area will affect the down payment ratio of commercial loans), and provident fund loans are not needed.
The loan life of commercial loans is related to the housing age and the lender's life: each bank has different specific requirements, and the calculation of the provident fund loan life is related to the housing age, the borrower's age and the housing structure type. When applying for portfolio loans, borrowers need to ensure that the terms of commercial loans and portfolio loans are the same.