It takes about 20 days from submitting the application to the next paragraph. The employee himself or his client applies to the municipal provident fund deposit center. The urban provident fund deposit center verifies the loans paid by employees according to their applications, and issues the Certificate of Deposit and Use of Housing Provident Fund for employees who have never used the housing provident fund or whose first housing provident fund loan has been settled.

Twenty-fifth workers from the housing provident fund account balance, verified by the unit and issued a certificate of extraction. Workers apply to the housing provident fund management center for withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or disapprove the withdrawal, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures.

In any of the following circumstances, employees may apply for withdrawal of the storage balance in the housing provident fund account:

1, purchase, build, renovate or overhaul the owner-occupied housing with ownership.

2. Repay the principal and interest of the house purchase loan.

3. Rent a house for self-occupation.

4. Retirement (or reaching the statutory retirement age).

5, completely lose the ability to work, and terminate the labor relationship with the unit.