1. What is the purpose of provident fund loans

Legal analysis: 1. Loan to purchase a house. The purpose of establishing the housing provident fund system. Home buyers can apply for a provident fund loan to buy a house. The advantage of a provident fund loan is that the loan interest rate is low. In 2018, the benchmark interest rate for commercial loans over 5 years is 4.9, while the interest rate for provident fund loans over 5 years is 3.25. However, it should be noted that personal housing provident fund loans There is a quota limit. 2. Withdraw provident fund to pay the monthly payment. In addition to loans, for those who purchase a house with a provident fund loan, they can also withdraw the provident fund to repay the principal and interest. 3. Construct, renovate, and overhaul owner-occupied housing. 4. Retirement home buyers can withdraw their provident funds after retirement and use them as pensions. 5. The provident fund can be withdrawn and used when included in the subsistence allowance or special poverty range. In many cities, if employees belong to the subsistence allowance or special poverty group, they can apply to withdraw the provident fund to meet their daily needs. 6. Treatment of major diseases If an employee or family member (including the employee, spouse and minor children) who has paid the housing provident fund suffers from a major disease or is hospitalized for major surgery, the employee and his or her spouse can apply to withdraw the housing provident fund 7. Rent a house. 8. Close the account and withdraw the entire balance. Legal basis: Article 3 of the "Housing Provident Fund Management Regulations" states that the housing provident fund paid by individual employees and the housing provident fund paid by the employee's employer for the employee shall belong to the individual employee. Article 24 If an employee has any of the following circumstances, he or she may withdraw the balance in the employee housing provident fund account: (1) purchasing, constructing, renovating, or overhauling a self-occupied house; (2) retiring or retiring; (3) Completely losing the ability to work and terminating the labor relationship with the employer; (4) Leaving the country to settle down; (5) Repaying the principal and interest of the house purchase loan; (6) The rent exceeding the prescribed proportion of family wage income. In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, when the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time. If an employee dies or is declared dead, the employee's heirs or legatees can withdraw the balance in the employee's housing provident fund account; if there is no heir or legatee, the balance in the employee's housing provident fund account will be included in the appreciation income of the housing provident fund. Article 25 If an employee withdraws the balance in the housing provident fund account, the unit where he/she works shall verify it and issue a withdrawal certificate. Employees should apply to the Housing Provident Fund Management Center to withdraw housing provident funds with the withdrawal certificate. The Housing Provident Fund Management Center shall make a decision on whether to approve the withdrawal or not to allow the withdrawal within 3 days from the date of accepting the application, and notify the applicant; if the withdrawal is approved, the entrusted bank shall handle the payment procedures.

2. What are the uses of housing provident fund loans

2) The conditions for loan objects are different, provident fund loan depositors; commercial and residential 3) The age restrictions for borrowers are different, Generally speaking, commercial banks have an upper age limit for personal housing loans, while corporate restrictions apply. 4) Commercial bank housing loans can lend up to 80% of the total price of the house, and housing provident fund loans can lend up to 95 or 90% of the total price of the house. 5) The loan guarantee methods are different. Commercial bank loans are generally used before the real estate certificate mortgage registration. The developer's periodic joint liability guarantee method is in the mortgage registration method. The provident fund loan guarantee method is mainly the joint liability guarantee provided by the Beijing Housing Loan Guarantee Center. 6) Housing loan guarantees in Beijing. Commercial bank housing loans generally require lawyer fees, insurance fees, and housing provident fund housing loan evaluation fees. 7) There are different regulations on the maximum amount of a single loan. Generally speaking, there are no regulations on the maximum amount of a single loan for commercial bank housing loans. However, the maximum amount of a provident fund loan can only not exceed 460,000, and the maximum amount for a credit rating of AAA is not more than 520,000. . 8) The Beijing Housing Provident Fund Management Center provides housing insurance to the Beijing Branch of China Pacific Property & Casualty Insurance Co., Ltd. for housing provident fund loan borrowers. The insurance combines property damage insurance and personal accident insurance, allowing borrowers to enjoy the insurance for free.

3. How to use the housing provident fund paid by the employer and yourself?

1. When buying a house, you can withdraw it in one lump sum without a loan. If you buy a house with a commercial loan, you can withdraw it as a down payment. If you buy a house with a commercial loan, you can withdraw it to repay the principal and interest. If you buy a house with a provident fund loan, you can withdraw it to repay the principal and interest. 2. Rent a house, which is used to pay the rent of an economic rental house or a government rental subsidy, and to pay the rent of a market rental house.

3. For treatment of major diseases, family members suffering from more serious diseases or hospitalization for major surgeries, the employee himself and his spouse can apply to withdraw the housing provident fund. The application date must be within one year from discharge, and the amount withdrawn must be The total cannot exceed the personal expenses.

4. The subsistence allowance or special poverty allowance can be withdrawn, and the employee supplement is included in the city's residents' minimum living security or special poverty support range. The employee himself and his spouse can apply to withdraw the housing provident fund, and the amount withdrawn shall not exceed the scope of the minimum living security. Or the housing provident fund amount during the special poverty relief period and before.

5. If you withdraw your parents’ provident fund to buy a house without using a housing loan to buy your own house, you can withdraw your parents’ provident fund and use a commercial bank personal housing loan to buy your own house. After paying the down payment, you can withdraw your parents’ provident fund and use your personal house. If you buy your own home with a provident fund loan, you can withdraw your parents' provident fund after paying the down payment.

6. If a house is built, renovated, or overhauled, or a self-owned house is built, renovated, or overhauled on rural collective land and the housing loan is not used, the employee and his or her spouse may apply to withdraw the funds included before the month when the construction of the house is approved. The amount of housing provident fund for the current month, and the total withdrawal amount does not exceed the cost of building a house.

Extended information: Housing provident fund refers to state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social groups and their employees Long-term housing savings contributed by employees. The definition of housing provident fund includes the following five aspects: (1) Housing provident fund is only established in cities and towns, and no housing provident fund system is established in rural areas. (2) The housing provident fund system is established only for current employees. The housing provident fund system is not applicable to unemployed urban residents and retired employees. (3) The housing provident fund consists of two parts, one part is paid by the employer where the employee works, and the other part is paid by the individual employee. After the employee's personal contribution is withheld by the unit, it is deposited into the housing provident fund's personal account together with the unit's contribution. (4) The long-term nature of housing provident fund deposits. Once the housing provident fund system is established, employees must make uninterrupted contributions in accordance with the regulations while on the job. Except for the employee's retirement or other circumstances stipulated in the "Housing Provident Fund Management Regulations", it shall not be suspended or interrupted. It reflects the stability, uniformity, standardization and mandatory nature of the housing provident fund. (5) The housing provident fund is a personal housing savings deposited by employees in accordance with regulations and used specifically for housing consumption expenditures. It has two characteristics: First, it is cumulative, that is, although the housing provident fund is a component of employee wages, it is not in the form of cash. The housing provident fund shall be distributed and must be deposited into a special account opened by the Housing Provident Fund Management Center at the entrusted bank for special account management. The second is specificity. The housing provident fund is earmarked for special purposes. During the storage period, it can only be used to purchase, build, or overhaul self-occupied housing or pay rent according to regulations. Employees can withdraw the housing provident fund from their accounts only when they retire, die, completely lose their ability to work, terminate their labor relationship with their employer, or move their household registration out of their original city of residence. According to our country's regulations, all enterprises should deposit housing provident funds for their employees, regardless of state-owned enterprises and private enterprises. Nature (1) Security, the establishment of a housing provident fund system for employees provides a guarantee for employees to solve housing problems quickly and better; (2) Mutual assistance, the establishment of a housing provident fund system can effectively establish and form a housing provident fund system to help employees without housing Mechanisms and channels for employees, and the housing provident fund provides financial help to workers without housing, which reflects the mutual assistance of the employee housing provident fund; (3) long-term, every urban employee starts from the date of joining the work until retirement or termination During this period of labor relations, individual housing provident funds must be paid; the employer where the employee works must also pay housing provident funds for employee subsidies in accordance with regulations.

Reference materials: Baidu Encyclopedia - Housing Provident Fund View all 11 answers Online provident fund loan to buy a house, no mortgage. With your ID card, you can get a provident fund loan to buy a house with a monthly interest rate as low as 0.7, and all related questions can be processed nationwide , don’t forget that the provident fund balance can be offset against the loan when purchasing a house. No matter which method you use to borrow, as long as there is a balance in the provident fund account, you can withdraw the balance to repay part of the loan, that is, the provident fund balance offset loan. Generally speaking, there are two methods of providing housing provident fund offset and loan repayment: 1. The one-time repayment method refers to withdrawing the balance of the housing provident fund to repay the loan balance in one go, and then recalculating the monthly repayment amount of the remaining loan. This can only be done once a year. 2. The monthly repayment method means that the provident fund balance of the loan repayer is offset against the principal and interest of the housing loan on a monthly basis. If the balance is insufficient, it should be replenished in time. So, how to choose the repayment method that suits you? 1. If it is a commercial loan or provident fund loan, then the "one-time repayment method" is very suitable. The funds in the provident fund account directly offset the loan principal, which can reduce the interest expense of the loan. 2. Offset of portfolio loans? 102019-05-19 How to use housing provident fund most appropriately? 1. Seven major uses of housing provident fund 1. House purchase (1) Provident fund can be withdrawn in one go for house purchase without loan; (2) Provident fund can be withdrawn for house purchase with commercial loan Used for down payment; (3) Provident fund can be withdrawn to repay the principal and interest when purchasing a house with a commercial loan; (4) Provident fund can be withdrawn to repay the principal and interest when purchasing a house with a provident fund (combination) loan. 2. Construction, renovation, or overhaul of houses. If a self-owned house is built, renovated, or overhauled on rural collective land and a housing loan is used, the employee and his or her spouse may apply to withdraw the provident fund amount before (including the current month) when the house construction is approved, and the total withdrawal amount No more than the cost of building the house. 3. Rent a house (1) Use the provident fund to pay the rent of an economic rental house or an economic rental house subsidized by the government; (2) Use the provident fund to pay the rent of a market rental house. 4. Parents buy a house for their children. If they use a personal housing loan from a commercial bank to buy their own house, they can withdraw their parents' provident fund after paying the down payment; if they use a personal housing provident fund (portfolio) loan to buy their own house, they can withdraw their parents' provident fund after paying the down payment. This approach needs to meet relevant conditions, and you can consult the local provident fund management department. 5. Close the account and withdraw the entire balance (1) Divorced or retired; (2) Agricultural registered employees who are over 60 years old for men and 55 years old for women; (3) Those who have settled abroad, Hong Kong, Macao and Taiwan; (4) Those who have completely lost the ability to work, lost most of the ability to work, or are severely disabled and have terminated or terminated the labor relationship with the unit; (5) Those who receive unemployment insurance benefits; (6) Employees who have been sentenced to a criminal penalty, have their household registration moved out of the city where they are located, or have a household registration in a city other than the city where they are located The labor relationship with the employer is terminated or terminated; (7) The housing provident fund account has been transferred to a centralized sealing account for 2 years or the labor relationship with the original employer has been terminated for 2 years; (8) Work outside the administrative area of ??the city and establish a local establishment If you have paid housing provident fund, you can cancel your account and withdraw the entire provident fund balance. 6. Employees who are included in the scope of subsistence allowances or special poverty relief are included in the scope of urban residents’ minimum living security or special poverty relief. The employee himself and his spouse can apply to withdraw the housing provident fund, and the amount withdrawn shall not exceed the period before being included in the scope of minimum living security or special poverty relief. The amount of housing provident fund. 7. If a family member (including the employee, spouse and minor children) suffering from a major illness or major surgery is hospitalized for treatment of a major illness, the employee himself and his spouse can apply to withdraw the housing provident fund. The application date should be within 1 year from the date of discharge. The total amount shall not exceed the personal share of hospitalization expenses. 2. How to use the provident fund most appropriately 1. Buy a house with a loan The most important value of the housing provident fund is used to purchase a personal residence. Since you have paid your personal housing provident fund, you naturally have the right to apply for a housing provident fund loan and enjoy the benefits of low-interest home purchase loans. The advantage of housing provident fund loans is that the interest rate is low, which is about 1 percentage point lower than commercial housing loans. For example, for the same loan of 10,000 yuan, the annual repayment difference between the two loan methods is between 60 yuan and more than 70 yuan. If you apply for a personal housing loan of 300,000 yuan, the loan term is 30 years, and the total interest saved by applying for a provident fund loan is 63,720 yuan.

Under the same guarantee method, the fees for provident fund loans are generally lower than those for commercial loans. When a higher-cost guarantee method of mortgage and insurance is used for housing provident fund loans, the loan fees are generally higher than those for commercial loans, but the loan fees and interest The total burden is still lower than that of a commercial loan, and the insurance company has to bear corresponding responsibilities and risks. 2. Current deposits If you don’t need the money to buy a house, you don’t have to pay interest tax on the money if it is kept in a provident fund account. According to regulations, the housing provident fund deposited by employees in the current year is calculated at the bank's current interest rate, and the housing provident fund carried forward from the previous year is calculated at the bank's three-month lump sum deposit interest rate. The benefits of depositing money in a provident fund account are more cost-effective than depositing current funds in a bank. If you have not used your provident fund while working, when you reach retirement age, the principal and interest of the provident fund in your personal housing provident fund account will be settled in one go, and it will be at your discretion, and it will become a considerable pension. To sum up, the most appropriate way to use the housing provident fund depends on each person's specific situation. People who need to buy a house can use the housing provident fund to borrow money. People who don't need to buy a house can use it to rent a house, renovate a house, etc., or they can also put it in housing. The provident fund account is used as a current deposit. People who want to use the housing provident fund can use it reasonably according to their actual situation. 20 views 46492018-04-05 How to use housing provident fund? The most reasonable use of provident fund: 1. The basic function of provident fund: house purchase 1. If you apply for a provident fund loan to buy a house, you can withdraw the provident fund to repay the principal and interest; 2. If you apply for a commercial loan to buy a house, you can withdraw the provident fund as a down payment for the house purchase, or you can withdraw the provident fund to repay the principal and interest; 3 . If you don’t need a loan during the house purchase, you can also withdraw the provident fund in one go. 2. Children can withdraw their parents’ provident fund when buying a house. The provident fund can not only be used to buy a house for yourself, but also for your children. 1. If you apply for a provident fund housing loan to buy your own home, you can withdraw your parents' provident fund to repay the principal and interest; 2. If you apply for a commercial loan to buy your own home, you can withdraw your parents' provident fund as a down payment. 3. Provident Funds can be withdrawn if a family member (not limited to the employee) encounters a major illness. The employee and his or her spouse can apply to withdraw the Provident Fund. The following two points are required here: 1. The application date should be within 1 year from the date of discharge; 2. The amount applied for withdrawal cannot exceed the personal burden of hospitalization expenses. 4. The provident fund can be withdrawn when the account is closed. The account can be closed and the entire provident fund balance can be withdrawn under the following circumstances: 1. Agricultural registered employees are over 60 years old for men and 55 years old for women; 2. You can apply to withdraw the provident fund when you are divorced or retired; 3. Complete loss of The person is unable to work, has lost most of the ability to work, or is severely disabled and has terminated or terminated the labor relationship with the employer; 4. Leaving the mainland and settling abroad; 5. The labor relationship with the original employer has been terminated for more than 2 years; 6. The housing provident fund account has been transferred to a centralized sealing account for more than 2 years. 2 years; 7. Receive unemployment insurance benefits; 8. Be sentenced to a criminal sentence, have the household registration moved out of the city where the person is located, or be an employee with a household registration outside the city where the person is located; 9. Work outside the administrative area of ??the city where the person is located and establish and pay a housing provident fund locally. 5. Families with subsistence allowances or special poverty allowances can withdraw provident funds. If employees are included in the scope of subsistence allowances or special poverty assistance, they can apply to withdraw provident funds, but the amount withdrawn cannot exceed the lower living security range or special poverty assistance range. 6. Housing provident funds can be withdrawn for construction, renovation and overhaul of housing. Provident funds can be withdrawn if the owner's own house is renovated, built or overhauled on rural collective land, but the total amount withdrawn shall not exceed the cost of building the house. 7. Provident fund can be withdrawn when renting a house 1. Provident fund can be withdrawn when renting an economic house; 2. Provident fund can be withdrawn when renting an ordinary residence. 2 views 3352018-01-24 How to withdraw provident fund for current employees. I'm so confused. According to national policies and regulations, the provident fund withdrawal method is that rural households can withdraw once a year, and an application needs to be submitted three months in advance. Urban household registration can only be advanced by purchasing a house and renovating it.

Finally, I would like to remind you that it is best not to get too deep into your credit card. If you do not return it in time, you will be in trouble. 1 View 6412018-10-31 How to use provident fund Housing provident fund loans are limited to the purchase of self-occupied housing with ownership, and the purchased housing It shall comply with the architectural design standards stipulated by the Municipal Provident Fund Management Center. Employees who purchase housing with right-of-use rights cannot apply for housing provident fund loans. Withdrawal of housing provident fund must meet certain conditions. The balance in the employee housing provident fund account can be withdrawn under one of the following circumstances: 1. Purchase, construction, renovation, or overhaul of self-occupied housing with ownership; 2. Retirement or retirement ; 3. Completely lost the ability to work and terminated the labor relationship with the employer; 4. Settled abroad; 5. Repaid the principal and interest of the house purchase loan; 6. The rent exceeds the prescribed proportion of family wage income.

Extended information: Loan conditions: 1. The borrower is a legal depositor of the housing provident fund, and has paid the housing provident fund in full every month for more than 6 months (including 6 months) before the date of loan application. months). 2. Neither the borrower nor his spouse has housing provident fund loan debt. 3. Have certificates approved by the center for purchasing, constructing, renovating, overhauling self-occupied housing and repaying commercial bank home purchase loans for self-occupied housing consumption. 4. The borrower must have a stable income and the ability to repay the principal and interest of the loan on time. The monthly repayment amount shall not exceed 60% of the family income provided. The family income can be supplemented by adding auxiliary repayers. 5. Be able to provide loan guarantees recognized by the center. 6. The borrower’s credit is relatively good.

IV. What are the uses of housing provident fund loans?

: (1) For employees to purchase public housing, affordable housing, commercial housing and housing with legal property rights purchased in the secondary housing market. ; (2) For employees of enterprises and self-financing institutions to participate in unit-raised housing construction; (3) For employees to build their own houses, renovate and overhaul their own houses; (4) For employees themselves to repay commercial banks Home purchase loan for self-occupation.