Under normal circumstances, the housing provident fund is not allowed to be fully withdrawn, and it can only be fully withdrawn under special circumstances such as resignation, transfer and retirement.
Provident fund withdrawal process:
1. Employees who meet the extraction conditions shall apply for the Application Form for Housing Provident Fund Extraction at the information desk or unit of the Provident Fund Center with relevant supporting materials and their ID cards;
2. After verification by the unit, the employee will go to the unit for preliminary examination with the Application Form. The unit will verify and truthfully fill in the contents of the applicant, such as the employee himself, the balance of housing provident fund and whether it meets the extraction conditions, and then affix the reserved seal of the unit in the bank on the Application Form, and the employee himself will go through the extraction procedures;
3 provident fund center audit unit sealed employee application form, extract the required information and my ID card to the provident fund center for approval. The procedures are complete, and the information is true, complete and effective.
4. The entrusted bank shall go through the payment procedures. After the examination and approval by the center, the applicant will go through the withdrawal procedures of provident fund at the entrusted bank with the application form. When withdrawing money, you should show your ID card. After the bank staff check it correctly, they will go through the formalities of withdrawing the provident fund and transferring it to the employee bank card (folding).
How many years can provident fund loans be borrowed?
The longest loanable period of provident fund loans is 30 years. You can choose the loan term according to your actual situation within this range. If you can bear greater repayment pressure, choosing a loan with a shorter term can save you some interest expenses.
When applying for provident fund loans, the following conditions are also required to meet the requirements.
1, personal credit is good;
2. Personal income is stable;
3. The debt ratio is not high;
4. The status of the provident fund account is normal;
5. The balance of the provident fund account is sufficient;
6. The provident fund has been paid continuously 12 months;
7. There is no outstanding provident fund loan in the name;
8. The down payment is paid according to the regulations.
To sum up, the balance after the provident fund loan can be withdrawn, but the corresponding conditions must be met.
Legal basis:
Article 24 of the Regulations on the Management of Housing Provident Fund
In any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account:
(a), purchase, construction, renovation, overhaul 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.