There are generally the following ways to withdraw the provident fund:
First, you can apply to buy a house, make a one-time payment or repay the mortgage. You don't belong to this item, do you? )
The second is renting a house. If there is no house in the workplace, you can apply for withdrawal in the name of paying rent.
Third, the cancellation of the cancellation account. If the registered permanent residence is not in the local area, you can cancel your account and withdraw the principal and interest in one lump sum with your resignation certificate, ID card and withdrawal application form stamped by your company.
Fourth, if the family is in financial difficulties, you can withdraw it with the certificate of the neighborhood Committee (this should not be suitable for you either)
I don't understand why you use so many exclamation points, but I really don't think it's a good idea. This is not cheating, every step is legal, but buying a house is decades old. You probably haven't bought or sold a house yet, have you? There is only one advantage of doing this, that is, it seems to save a little interest difference (note that it is only the interest difference of 5- 10 years).
But where are the risks and disadvantages?
First, the house belongs to someone else. After a few years, it appreciated, far more than 700 thousand. Needless to say, what risks will there be;
Second, if someone else owes a high debt halfway and the court seals up this suite, do you think you can still use this 700 thousand debt to collect more money? Not necessarily?
Third, if your friend wants to buy a house a few years later, but the reserve in your name has been used for this suite, buying another set is the second set, and you can't apply for a reserve loan. At this time, people talk to you. How are you going to compensate others? Not breaking up?
4. After 5- 10 years, the transfer will be returned to you in the form of sale (or gift), with at least tens of thousands of taxes and fees (there is no reason for your friends to pay the expenses of both parties, so naturally you have to pay separately). How much money can you save from the poor interest rate in recent years? Once the transfer is completed, the little money saved in front will be filled in this pit. Maybe even if we don't lose money, there won't be much left. (If it is a gift, it may save a little. It is possible to get about 20,000 yuan, but unless you live to the end of time, if you sell it later, you will be taxed at 20% of the total house price! ! That would be a great loss. )