To withdraw a housing fund, an employee can bring his or her ID card, provident fund card and relevant documents proving the purpose of the withdrawal to the local housing fund management center to find a staff member to go through the withdrawal procedures.

Some cities have opened online withdrawals, and workers can also withdraw directly from the local housing fund website or through third-party platforms such as Alipay and WeChat.

And it is important to note that you can only apply for a withdrawal if you meet the following circumstances.

1. Purchase, construction, renovation and major repair of self-occupied housing.

2, homeless households to pay more than the prescribed proportion of household income rent.

3. Repayment of principal and interest on housing loans.

4. Foreign workers leaving the city and terminating their labor contracts with their units.

5. Total or partial loss of labor capacity and termination of labor relations with the unit.

6. The household registration is moved out of the city.

7. To leave the country and settle down.

8. The family is in financial difficulty, receiving the minimum subsistence allowance or being impoverished due to a major illness/accident.

9. Retirement or retirement.

10. Dead or declared dead.

It should be noted that after the application for withdrawing housing fund is submitted, the management center will usually complete the approval within three working days, and then release the money to the account.

For those who are not very clear about their online loan data, you can check your online loan data information through "Xiaoqi Xincha". This database works with more than 2,000 online lending platforms, so the query data is very accurate.

Extended information:

Is a CPF loan a direct CPF deduction?

PF loans are not a direct deduction from PF.

When a user applies for a PF loan, the balance in the PF account is not deducted, and the loan is sent down to the unused PF of others in the Housing Provident Fund account.

Instead, users can apply for CPF hedging, which means using the balance in the CPF account to return the CPF loan.

The EPF loan requires continuous EPF contributions to be eligible for the loan. If you break the payment in the middle of the loan and do not complete the top-up payment within the stipulated time, the period of continuous EPF contributions will be recalculated.