The housing accumulation fund is paid by the employee himself and the unit * * *, and its calculation method is that the average monthly salary of the previous year is multiplied by the contribution ratio of the unit and individual * * *, and all of them belong to the employee himself. The contribution ratio may be different in different regions, generally between 5%- 12%. In areas where the housing subsidy system has not been implemented, the payment ratio may be appropriately increased, but the maximum payment ratio cannot exceed 20%.

The use of housing provident fund methods are:

1, loan to buy a house

After 6 months to 12 months, you can use the housing provident fund loan to buy a house.

Step 2 withdraw cash to buy a house

In addition to the housing provident fund in the personal account, you can also withdraw the provident fund under the name of the quota, and the withdrawal amount cannot exceed the total cost of use.

3. Withdrawal and repayment of housing loans

It can be used to repay the principal and interest of commercial loans and portfolio loans.

4. Withdraw and pay the rent

Generally, it needs to be paid for more than three months, and you can pay the rent once a year.

Step 5 decorate the house

Used for the decoration of self-owned houses.

6. Withdraw and pay medical expenses

7. Difficulties in family life can be extracted.

8. Retirees who have settled in Hong Kong, Macao and Taiwan and abroad can close their accounts and withdraw all the balance. Yoshiya real estate encyclopedia, buying a house needs more knowledge.