The purpose of the housing provident fund system is to hope that ordinary people can use the provident fund when buying a house.

1. Property buyers can apply for provident fund loans to buy a house;

2. In addition to loans, people who purchase houses with provident fund (portfolio) loans can also withdraw provident fund to repay principal and interest.

3. Construction, renovation and overhaul of self-occupied houses with ownership: simple decoration is not included in the scope of housing provident fund withdrawal;

4. retirement pension;

5. It can be extracted and used when it is included in the low-income or extremely poor range;

6. treatment of major diseases: the personal burden of the total amount of withdrawal does not exceed the hospitalization expenses;

7. Rent: The amount and requirements of rent withdrawal are different in each city, some need rent invoices, while others are agreed to withdraw;

8. Withdraw all the balance by closing the account: If the property buyers meet certain conditions, they can apply for withdrawing the provident fund by closing the account.

legal basis: article 5 of the regulations on the management of housing provident fund: housing provident fund shall be used for employees to purchase, build, renovate and overhaul their own houses, and no unit or individual may use it for other purposes.