The housing provident fund has 7 uses:

1. It is used to purchase a house. It can be withdrawn in one go if you buy a house without a loan. It can be withdrawn for down payment if you buy a house with a commercial loan. You can withdraw it for repayment if you buy a house with a commercial loan. The principal and interest, provident fund (combination) loan can be withdrawn to repay the principal and interest when purchasing a house;

2. It can be used to build, renovate, and overhaul houses, and build, renovate, and overhaul self-owned houses on rural collective land without using housing loans. , employees and their spouses can apply to withdraw the housing provident fund amount before the month when the house construction is approved (including the current month), and the total withdrawal amount does not exceed the cost of building the house;

3. It can also be used to rent a house, You can pay the rent of economic rental housing with rent or government rental subsidies, and pay the rent of market rental housing;

4. You can also withdraw your parents’ housing provident fund to buy a house. If you don’t use a housing loan to buy your own house, you can withdraw your parents’ provident fund. Use a commercial bank personal housing loan to buy your own home, and you can withdraw your parents' provident fund after paying the down payment. Use a personal housing provident fund (combination) loan to buy your own house, and you can withdraw your parents' provident fund after paying the down payment;

5. For divorced and retired employees; agricultural registered employees who are over 60 years old for men and 55 years old for women ; Those who have settled abroad, Hong Kong, Macao, and Taiwan; those who have completely lost their ability to work, lost most of their ability to work, or are severely disabled (first- or second-level disability) and have terminated or terminated their labor relationship with their employer; those who have received unemployment insurance benefits; Those who have been sentenced to a criminal sentence, have their registered permanent residence moved out of this city, or whose labor relationship with their employer has been terminated or terminated; those whose housing provident fund account has been transferred to a centralized sealed-off household for two years or who have terminated their labor relationship with their original employer for two years; If you work outside the municipal administrative area and establish and deposit housing provident funds locally; when encountering the above eight situations, you can cancel your account and withdraw the entire balance;

6. Those who are included in the subsistence allowance or special poverty range can withdraw and use it . If an employee is included in the scope of minimum living security or special poverty relief for urban residents in this city, the employee and his or her spouse can apply to withdraw the housing provident fund, and the withdrawal amount shall not exceed the amount of housing provident fund during and before being included in the scope of minimum living security or special poverty relief;

7. Can be used to treat major diseases. If a family member (including the employee, spouse and minor children) is hospitalized for major illness or major surgery, the employee and his or her spouse can apply to withdraw the housing provident fund. The application date should be within one year from the date of discharge, and the total amount withdrawn shall not exceed the amount of hospitalization funds. The cost is borne by the individual.

The benefits of provident fund are as follows:

1. It can be used to purchase a house. The provident fund loan interest rate is a preferential interest rate. Applying for a provident fund loan to purchase a house can save the cost of purchasing a house. You can also withdraw housing provident funds when buying a house at the same time.

2. It can reduce the pressure of loan repayment. Employees of the unit have a stable and long-term housing savings, which can be used as a stable source of funds for house purchase and loan repayment, reducing the pressure of loan repayment.

3. It can be used as a supplement to pension. As a special savings fund for housing, the housing provident fund can be withdrawn at the time of retirement. It can be used as a supplement to employee pensions and play a certain role in safeguarding employees' lives in their later years.

4. It can improve the living conditions of employees. Employees who build, renovate, or overhaul their own homes can withdraw housing provident funds.

5. Get tax benefits. Provident funds paid in accordance with regulations are exempt from personal income tax and interest income tax, and you can obtain tax benefits.