As we all know, provident fund can be used for renting and buying houses. Provident funds can be divided into state-owned provident funds and municipal provident funds. The state-run provident fund is different from the municipal provident fund, which is managed by the housing fund management center of the central state organs. So what is the withdrawal amount of the state-controlled provident fund? Let's get to know each other.

What is the withdrawal amount of the state-controlled provident fund?

There are two main situations to withdraw the amount of state-managed provident fund. To repay the principal and interest of the house purchase loan, employees and their spouses can withdraw the storage balance in the provident fund account for the first time, and the accumulated withdrawal amount of both parties shall not exceed the amount of the provident fund loan, and the annual withdrawal amount shall not exceed the amount of the principal and interest payable in the current year. Construction, renovation and overhaul of owner-occupied housing can be extracted once a year, and the total amount of extraction shall not exceed the housing expenditure actually incurred in loan construction, renovation and overhaul of owner-occupied housing.

Generally speaking, when handling the withdrawal of the state-managed provident fund, the withdrawal amount is mainly affected by the balance of the user's provident fund account and the reasons for withdrawal. When handling the withdrawal of the state-managed provident fund, different materials need to be prepared for different reasons. Users are advised to consult clearly in advance to avoid failure to withdraw the balance of provident fund account due to incomplete information.

The above is the introduction of the withdrawal amount of the state-managed provident fund. The state has strict restrictions on the withdrawal and amount of provident fund, so when handling provident fund loans, we must make clear the relevant matters.