The time and frequency of withdrawal of provident fund vary from place to place, so it is necessary to consult the local provident fund management methods, but it is usually once every six months.

(1) If the owner-occupied house is purchased by non-mortgage, an application shall be made within two years after the house price is paid, and the withdrawal shall be made once every six months until the withdrawal amount reaches the actually paid house price.

(2) To repay the principal and interest of the house purchase loan, an application shall be made within the repayment period, and it shall be withdrawn once every six months.

Second, can the provident fund be fully taken out every year to repay the mortgage?

Of course.

According to the provisions of Article 24 of the Regulations on the Management of Housing Provident Fund, employees can withdraw the storage balance in their housing provident fund accounts in any of the following circumstances:

Repayment of housing loans and withdrawal of housing provident fund

Purchase new commercial housing and second-hand housing to withdraw housing provident fund;

Resignation, unemployment, retirement to withdraw housing provident fund

Low-income households withdraw housing provident fund

Withdrawal of housing accumulation fund for serious illness

The account moves out of this city to withdraw the housing accumulation fund (terminate the labor relationship with the unit).

Foreign registered permanent residence or migrant workers' withdrawal of housing accumulation fund (termination of labor relations and non-local registered permanent residence or migrant workers' return to their original places)

Withdraw the housing accumulation fund when he dies or is declared dead.

Purchase units to raise funds for building houses or housing reform houses to extract housing provident fund.

Purchase resettlement houses and withdraw housing provident fund.

Renovation and overhaul of self-occupied housing to extract housing provident fund

Construction of self-occupied housing and withdrawal of housing provident fund

Withdrawal of housing provident fund due to total loss of working ability (termination of labor relationship with the unit)

3. Can the provident fund be taken out to repay the mortgage?

The provident fund can be taken out to repay the mortgage. According to the relevant laws and regulations, employees can withdraw the housing provident fund to repay the house purchase loan. Provident fund withdrawal refers to the withdrawal procedures handled by the depositor according to the deposit withdrawal handling department, and the amount in the provident fund account is transferred into withdrawal and divided into three types: agreed withdrawal, partial withdrawal and cancellation withdrawal.

Use of the Provident Fund:

1, the provident fund can be used to buy a house:

(1) If the funds are not enough when buying a house, you can withdraw the provident fund down payment, and your children can also withdraw the provident fund to buy a house;

(2) When the funds are insufficient after the down payment, you can use the provident fund loan to buy a house;

Room; When renting a house, you can withdraw the provident fund to pay the rent;

3. When decorating a house, you can apply to the provident fund management department to extract the provident fund for decoration;

4 expenses: medical expenses will be paid with the provident fund when staying in hospital.

5. Provident fund can be used for living expenses. You can withdraw the provident fund for living expenses when you live, and you can withdraw the provident fund to pay the rent when you rent.

Legal basis: Regulations on the Management of Housing Provident Fund

Workers in any of the following circumstances, you can extract the balance of storage in the employee housing provident fund account:

(1) Purchase and construction

(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.

4. Can the balance of the provident fund be fully used for repayment?

The balance of the provident fund can be withdrawn to repay the loan. The first time you withdraw the provident fund, you need to take both husband and wife's ID cards, household registration books, marriage certificates, and house purchase contracts to pay back the money.