Children can use their parents' provident fund to repay the loan when they borrow money to buy a house. According to the latest regulations on the use of provident fund, children can withdraw their parents' housing provident fund, unmarried children can buy ordinary self-occupied housing with their parents, and parents can withdraw the balance of the provident fund account. If the child borrows money to buy a house and the parents participate in the repayment, they can withdraw it according to the repayment method of the provident fund, not only the down payment, but also the principal and interest of the provident fund repayment every year. Supplement: I didn't apply for provident fund loan when I bought a house. You can rely on the real estate license within 6 months after the real estate license is issued. The purchase contract, purchase invoice, ID card, relationship certificate, withdrawal certificate, withdrawal application form and other materials issued by the unit to which the provident fund account belongs are used to withdraw the provident fund.

First, the benefits of provident fund

The benefits of the Provident Fund are as follows:

1, housing loan. The provident fund can be used to apply for provident fund loans when buying a house, and can be used to buy first-hand and second-hand houses, enjoying an ultra-low interest rate of 3.25%; For self-built houses, many families in our country live in self-built houses, commonly known as private houses. You can also apply for provident fund loans when building a self-built house, or you can apply for withdrawing the balance of the provident fund account when building a self-built house during the provident fund deposit period; For the overhaul of owner-occupied housing, the owner-occupied housing overhaul can apply for withdrawal of the balance of the provident fund account;

2. If you rent a house and pay the rent, you can apply for withdrawing the provident fund to pay the rent to reduce the burden;

3. Pay medical expenses for major diseases. Major diseases can apply for withdrawing the balance of the provident fund account to pay medical expenses;

4. Retirement pension, you can get a pension at retirement age, as well as a provident fund;

5. Withdrawal after resignation: You can apply for withdrawal of all the balance in the provident fund account as long as you stop paying the provident fund for half a year after resignation;

6. If the children buy a house, the balance of the parents' provident fund account can also be withdrawn;

7. Low-income families subsidize families, and poor families or low-income friends can apply for the balance of provident fund accounts to subsidize family expenses.

2. How many times can the provident fund loan be used?

The Provident Fund can be used for the following purposes:

Use 1: buying a house

If you don't borrow money to buy a house, you can withdraw the provident fund at one time; Commercial loans can draw provident fund for down payment; Commercial loans to buy a house can be withdrawn from the provident fund to repay the principal and interest; Provident fund (portfolio) loans can be used to withdraw provident fund to repay principal and interest.

Use 2: Building renovated and overhauled houses.

In rural collective land construction, renovation, overhaul of their own housing and the use of housing loans, employees and their spouses can apply for withdrawal of the amount of provident fund before the month of building approval (including the month), and the total withdrawal does not exceed the cost of building.

Use 3: renting a house

The use of provident fund to pay rent or government rent subsidies for economic rental housing rent; Pay the market rent with the provident fund.

Use 4: Parents buy houses for their children.

If you buy a house by yourself and don't use a housing loan, you can withdraw your parents' provident fund; Use a personal housing loan from a commercial bank to purchase your own house, and you can withdraw your parents' provident fund after paying the down payment; Buy your own house with a personal housing provident fund (portfolio) loan, and you can withdraw your parents' provident fund after paying the down payment.

Legal basis:

Article 26 of the Regulations on the Management of Housing Provident Fund

Workers who have paid housing provident fund can apply for housing provident fund loans to 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.