Nowadays, many large companies will apply for provident fund for their employees, giving them better welfare benefits so that they can use them to buy loans. Then the question is, can you withdraw the provident fund from the decoration? Let's take a look!
I. Conditions for providing provident fund
1. If you want to withdraw the provident fund, it is the most basic and important condition, that is, the party withdrawing the provident fund must either have a permanent residence in this province or have a residence status and be within the validity period.
2. Secondly, you need to provide relevant proof of purchase, such as the certificate of ownership of the house or the valid proof of the right to use the house, so that you can get the provident fund. If you buy a new house, you need to provide a purchase invoice.
3. When withdrawing the provident fund, you also need to submit the renovation contract and decoration budget signed during the decoration. If you don't invite a decoration company, but install it yourself, you can provide a project budget table.
4, personal reputation must be good, decoration must use provident fund to maintain authenticity. In addition, when putting the provident fund into construction projects, it is necessary to provide down payment invoices or building materials invoices.
5. If you are a retired worker, you can also withdraw your own provident fund. At this time, you only need to provide the retirement certificate of the unit and wait for approval.
6. If I don't own a house and rent it, I can also withdraw the provident fund at this time, but I have to submit the lease contract of the house, my residence permit and ID card.
Second, several misunderstandings in the extraction of provident fund
1, can I withdraw the provident fund to pay the down payment?
No way! According to the relevant provisions of the provident fund, if you want to use the provident fund to pay the down payment for buying a house, the money you paid at the beginning belongs to your personal pocket, and then you can withdraw the provident fund from the local provident fund center with the proof of buying a house. In other words, to use the provident fund, we must wait until it actually happens.
2. Can I withdraw the housing provident fund from the renovation?
No way! In the provident fund management policy, it is clearly stipulated that. If it is an overhaul of self-occupied housing, you can take relevant materials to the provident fund management center to withdraw the provident fund. The "overhaul room" and "decoration" mentioned here are not the same meaning. It is impossible to withdraw the provident fund for decoration.
3. Can I apply for a loan if the provident fund loan has not been paid off?
If the provident fund loan is used in the early stage, but the loan amount has not been paid off, it is impossible to apply for a loan again at this time, and for a family, the provident fund loan can only be used twice at most.
4. Can unmarried couples apply for provident fund loans to buy a house?
No way! If you want to use provident fund loans, you need to be the same family. Moreover, the provident fund management stipulates that the owner of the house must be the immediate family member of the loan applicant. Unmarried couples do not meet this requirement.
5. Can the withdrawal amount of provident fund exceed the total house payment or rent?
No! When we buy a house, we can withdraw the provident fund, but the amount withdrawn cannot exceed the amount of the house purchase transaction. That is, the amount of provident fund loan = total house payment.
6. Can I withdraw the provident fund and repay two sets of housing loans at the same time?
Employees who have two or more commercial mortgage houses cannot use the provident fund at the same time. They must use the provident fund to repay one of them first and then the other.
Can I withdraw the provident fund from the decoration? You should know by now. According to the conditions and misunderstandings of extracting provident fund, we can better distinguish under what circumstances we can use provident fund, hoping to help everyone.
Can I withdraw the housing provident fund from the decoration?
Legal analysis: it is impossible to withdraw provident fund for decoration. There are restrictions on the withdrawal of housing provident fund. In any of the following circumstances, employees may withdraw the storage balance in their housing provident fund accounts:
1, purchase, build, renovate and overhaul owner-occupied housing;
2. Retired;
3, completely lose the ability to work, and terminate the labor relationship with the unit;
4. Go abroad to settle down;
5. Repay the principal and interest of the house purchase loan;
6, the rent exceeds the prescribed proportion of family wage income.
Legal basis: Regulations on the Management of Housing Provident Fund
Article 3 The housing accumulation fund paid by individual employees and the housing accumulation fund paid by the unit where employees work for employees belong to individual employees.
Article 4 The management of housing provident fund shall follow the principles of decision-making by the housing provident fund management committee, operation of the housing provident fund management center, special account storage and financial supervision.
Article 5 The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and no unit or individual may use it for other purposes.
Twenty-fourth employees in any of the following circumstances, you can withdraw the balance of storage in the employee housing provident fund account:
(a) the purchase, construction, renovation and overhaul of owner-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.
skill
The above answer is only for the current information combined with my understanding of the law, please refer carefully!
If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.
Can I get provident fund for house decoration?
Legal analysis: you can't withdraw provident fund for decoration, but you can apply for provident fund decoration loan. Loan conditions for renovation of provident fund: 1. The lender must have a permanent residence in this city or a valid residence certificate, push forward from the date of application, continuously pay the housing provident fund 12 months or more in full (if both husband and wife pay the provident fund, only one person is allowed to borrow), have contracts and related materials for purchasing, building and overhauling self-occupied housing according to law, and have a certain proportion of self-raised funds. For those who purchase commercial housing and affordable housing, the self-raised funds shall not be less than 20% of the total housing price (for those who purchase second-hand houses or build or overhaul houses, the self-raised funds shall not be less than 30% of the total housing price), they have stable economic income and the ability to repay the principal and interest of the loan (monthly income certificate issued by the unit where they work), and they agree to use the purchased houses or their own houses with complete property rights or the houses of a third party as collateral, or use securities recognized by loans or certificates of bank time deposits as collateral.
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 their housing provident fund accounts:
(a) the purchase, construction, renovation and overhaul of owner-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.
Can I take out the provident fund after the renovation of the loan to buy a house?
Can be decorated with provident fund. There are three situations in which the provident fund is extracted and renovated: the purchase of new houses, the purchase of second-hand houses and the renovation of original self-owned houses. All three situations need to be provided: the original and photocopy of legal identity documents, the original and photocopy of construction contract or project budget table of house decoration project (decoration by employees themselves), and the original and photocopy of tax-controlled invoice for decoration or invoice for purchasing building materials (decoration by employees themselves).
Legal analysis
Types of provident fund loans: individual housing provident fund loans are preferential loans granted by commercial banks to depositors of housing provident fund who purchase, build, renovate and overhaul their own houses and raise funds for cooperative housing construction. Personal housing provident fund portfolio loan: refers to that when the amount of housing provident fund loan is insufficient to pay the house purchase price, the borrower applies for housing provident fund loan, and at the same time applies for commercial personal housing loan from the entrusted bank, and the two loans together form a portfolio loan. Housing provident fund loans in portfolio loans are approved by the management center, and commercial loans are approved by the entrusted banks. Provident fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees. In terms of security, the establishment of employee housing provident fund system provides a guarantee for employees to solve housing problems faster and better; Mutual assistance, the establishment of housing provident fund system can effectively establish and form a mechanism and channel for workers with housing to help workers without housing, and housing provident fund provides financial assistance to workers without housing, which reflects the mutual assistance of housing provident fund to workers; In the long run, every urban employee must pay personal housing provident fund from the date of joining the work to the time of retirement or termination of labor relations; The employee's unit should also pay the housing provident fund for employee subsidies as required.
legal ground
Article 26 of the Regulations on the Management of Housing Provident Fund stipulates that employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.
Can I use the provident fund for decoration?
Usually not.
Housing provident fund is a national special housing savings fund, which can only be used for housing construction, purchase, overhaul, rent payment and other purposes related to housing security, and cannot be used for housing decoration. Housing provident fund cannot be withdrawn from house decoration, except for overhaul.
legal ground
"Regulations on the Management of Housing Provident Fund" Article 24 If an employee is under any of the following circumstances, he can withdraw the storage balance in the employee's housing provident fund account:
(a) the purchase, construction, renovation and overhaul of owner-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.
skill
The above answer is only for the current information combined with my understanding of the law, please refer carefully!
If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.
After renovation with provident fund loans, you can also withdraw housing provident fund.
Housing provident fund can be used to decorate houses.
Provident funds can only be used if they meet the following conditions: self-occupied houses that have been rebuilt or overhauled, employees who have lost or completely lost their ability to work, employees whose household registration has moved out of the administrative region of this province, and employees who have repaid the principal and interest of housing loans.
Provident funds can be used to decorate houses. According to the Regulations on the Management of Housing Provident Fund, citizens can withdraw the housing provident fund from their accounts when purchasing, building, renovating or overhauling their houses. At the same time, if the local provident fund management center allows provident fund loans to decorate, they can also decorate their houses with provident fund loans. Not all areas are allowed to decorate with provident fund loans, which is subject to the regulations of the local provident fund management center.
Housing provident fund can be extracted for decoration. According to the regulations, the balance stored in the housing provident fund account can be used for the purchase, construction, renovation and overhaul of self-occupied housing. However, due to different local policies and regulations, it is recommended to go to the local housing provident fund management center to learn more about the process.
Legal basis: Regulations on the Management of Housing Provident Fund
Article 5 The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and no unit or individual may use it for other purposes.
Article 16 The monthly deposit amount of employee housing provident fund shall be the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund.
The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.
Twenty-fourth employees in any of the following circumstances, you can withdraw the balance of storage in the employee housing provident fund account:
(a) the purchase, construction, renovation and overhaul of owner-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.
Let's stop here for the introduction of the renovation loan to withdraw the provident fund.