Personal provident fund car purchase process?
Personal provident fund is not allowed to borrow money to buy a car, and the money in the provident fund cannot be withdrawn for buying a car, because the purpose of housing provident fund is to better solve people's housing problems, so it cannot be used to buy a car. The functions of the provident fund include paying the down payment for house purchase, repaying the mortgage, renting the house, paying the renovation expenses, renovating the house and treating serious illness.
If you don't have enough money when you buy a car, you can apply for a car loan:
Personal automobile consumption loans refer to RMB personal automobile loans issued by banks or financial institutions to natural person customers for purchasing non-profit cars (including used cars) or for purchasing or renting cars for their own use.
Conditions to be met when buying a car with a loan:
1 China citizen, aged between 18 (inclusive) and 60 (inclusive), with full capacity for civil conduct and legal and valid identification;
2. The credit record and income level comply with the relevant provisions of the Measures for the Administration of Personal Loans and have the ability to repay the credit on schedule;
3. If the behavior of buying or renting a car is true, the down payment for buying or renting a car can be paid at a rate not lower than the prescribed ratio;
4. Meet the prescribed scoring standards;
5 In principle, borrowers are required to provide qualified guarantees, except for customers with qualified credit methods;
6. The borrower has not engaged in illegal financial activities such as private lending, illegal fund-raising, triad-related crimes, money laundering, terrorist financing, proliferation financing, tax evasion, sanctions, etc., and is in compliance with relevant anti-money laundering regulations;
(7) Other conditions required by external supervision and banking supervision.
Personal provident fund cannot be withdrawn to buy a car, nor can it be used to buy a car with provident fund loans. If you don't have enough money to buy a car, it is recommended to apply for a commercial loan at the bank.