1. Affect loans: If all the money in the provident fund account is withdrawn, the balance will become low or very small, which will cause great resistance to future housing loans. If the account balance is too low, you can't apply for housing provident fund loans, and the interest rate of commercial loans is very high. Therefore, if you withdraw the money from the housing provident fund, you will cut off the application road for housing loans in the future;
2. Impact on the identification of the second suite: When the housing provident fund is used for withdrawal, the reason for withdrawal will be required. If it is for housing reasons or house purchase reasons, it will be credited to the provident fund. The next housing provident fund loan will be recognized as a second home loan, which will directly increase the down payment ratio, the amount of loans available is very low, and the interest rate will be much higher than that of the first house. Housing accumulation fund is a welfare policy given by the state to employees, and cannot be withdrawn casually.
Legal basis: Article 24 of the Regulations on the Administration of Housing Provident Fund.
In any of the following circumstances, the employee may withdraw the storage balance in the employee 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.