After the house is mortgaged, if you need to repay the mortgage, you can withdraw the provident fund. According to the Regulations on the Management of Housing Provident Fund, those who meet the conditions of repaying the principal and interest of the house purchase loan can withdraw the provident fund, and the lender can hold the house purchase contract, bank loan voucher, down payment receipt, ID card, etc. And go to the provident fund center. During the repayment period, you can withdraw the provident fund once a year.
What are the uses of housing provident fund? 1. Loan to buy a house.
Nowadays, a large number of people who buy houses will choose loans. In addition to commercial loans, housing provident fund can also be used for loans to buy a house. As long as the housing provident fund is paid in full and continuously to the specified period (generally 6 months or 12 months), you can apply to the housing provident fund management center for a housing provident fund loan, whether it is a loan from a different place or a local loan. Moreover, provident fund loans to buy a house are cheaper than commercial loans, and the interest is relatively low. However, provident fund loans will also refer to personal credit records. If your credit record is bad, the housing provident fund management center has the right to refuse the loan.
Step 2 rent a house
Housing provident fund can be used to pay the rent of economic rental housing with rent or government rent subsidy, or the rent of market rental housing. If you have paid the provident fund for three consecutive months and have not withdrawn the housing provident fund due to reasons such as self-owned housing, self-built housing by units, group purchase of houses, demolition and resettlement houses, you can apply for withdrawing the storage balance in the housing provident fund account to pay the rent. There are restrictions on the amount of withdrawals everywhere. Ordinary employees and spouses can withdraw it once a year.
Step 3 decorate the house
Workers who have paid the housing provident fund can apply for withdrawing the amount in the housing provident fund account for housing renovation, or apply for housing provident fund renovation loans. However, the housing provident fund decoration extraction business and decoration loan business are not applicable to housing provident fund everywhere at present. As a new business, the feasibility of decoration extraction or loan depends on the specific provisions of the local housing provident fund management center. According to the Regulations on the Management of Housing Provident Fund, the housing provident fund can be used for house purchase and house overhaul. For house purchase, the purchase contract and down payment certificate are required, and for house overhaul, the appraisal certificate issued by the house appraisal agency is required. Housing renovation, general minor repairs, medium repairs can not use the housing provident fund.
4. Repaying the house loan
Nowadays, many people do not pay the full amount in one lump sum when buying a house, and many will make housing provident fund loans or bank loans. When repaying, the provident fund can help. The balance in the housing provident fund account can be used to withdraw and repay housing loans, including commercial loans, provident fund loans and portfolio loans, and at the same time, interest can be deducted and principal can be returned.
5, the treatment of major diseases
If family members such as employees, spouses and minor children are hospitalized due to major diseases or major operations, employees and their spouses can apply for withdrawal of housing provident fund, and the application date should be within 1 year from the date of discharge, and the total withdrawal amount should not exceed the personal burden of hospitalization expenses.
6. Withdraw the balance by closing the account
When the individual and the unit terminate the labor relationship; When going abroad to settle down; Or when I leave, retire or reach retirement age; Workers with agricultural household registration, male over 60 years old and female over 55 years old, work outside the administrative area of the city where they are located, establish and deposit housing provident fund locally, transfer their housing provident fund accounts to centralized storage households for 2 years, or terminate labor relations with their original units for 2 years, and withdraw all the balance of the provident fund.