The provident fund must reach 20,000 yuan before you can borrow money to buy a house.
The application conditions for provident fund loans are:
1, permanent residence in the town where the loan is located, and valid residence certificate can be provided;
2. The housing provident fund has been continuously paid for more than 6 months before the loan, and the accumulated time of the provident fund deposit cannot be less than 12 months;
3. The self-financing of the first suite reaches more than 30% of the total price of the purchased house, including 30%, and the first home loan below 90 square meters only needs 20%.
Documents to be submitted for withdrawal of provident fund.
First, the relevant documents that should be provided when employees retire from provident fund.
1, the original and photocopy of my retirement certificate or retirement approval form;
2. Original and photocopy of my ID card;
3, fill in the "XX city employee housing provident fund withdrawal application form" in triplicate, and affix the official seal of the deposit unit.
I hope the above questions can help you. If you have other legal questions, please consult a professional lawyer.
Legal basis: Regulations on the Management of Housing Provident Fund
Article 18
The deposit ratio of employees and unit housing provident fund shall not be less than 5% of the average monthly salary of employees in the previous year; Conditional cities can appropriately increase the deposit ratio. The specific deposit ratio shall be drawn up by the Housing Provident Fund Management Committee and submitted to the people's governments of provinces, autonomous regions and municipalities directly under the Central Government for approval after being audited by the people's governments at the corresponding levels.