Many people want to get a loan to buy a house but they don’t have enough funds. When they see tens of thousands of dollars in their provident fund account, they plan to withdraw the balance of their provident fund account to make up the down payment before taking out a loan. So, can I still get a loan after withdrawing the provident fund and paying the down payment? Let’s find out together.

Can I still get a loan after withdrawing the provident fund and paying a down payment? Here we analyze it from two angles. First, see whether the provident fund can be withdrawn to pay the down payment; second, whether it is feasible to get a loan after withdrawing the provident fund and paying the down payment. 1. The provident fund can be withdrawn, but it can only be withdrawn under certain circumstances, and most funds must be earmarked for special use. For example, if you want to rent a house; buy, build, renovate or overhaul your own house; repay the principal and interest of the loan for purchasing and building a self-occupied house; if you or your relatives are seriously ill, if you are willing to withdraw the housing provident fund, it must be used for designated purposes. Although retirement withdrawal, outbound withdrawal, termination of employment relationship, and subsistence allowance withdrawal do not stipulate the purpose of the withdrawal, the account before withdrawal must be in a sealed state before withdrawal can be made, and after outbound withdrawal and retirement withdrawal, the provident fund account will be Logout. So no matter which situation you look at, it is not feasible to withdraw the provident fund, pay a down payment and then take out a loan. 2. Even if you can withdraw the provident fund to pay the down payment and then take out a loan, it will still have an impact on the loan. Because there is a direct relationship between the provident fund account balance and the provident fund loan amount. Calculate with the formula: provident fund loan amount = provident fund account balance × multiple (of which the first house is 20 times and the second house is 10 times). The larger the provident fund balance is, the higher the provident fund loan limit will be. On the contrary, if the provident fund account balance is small, the loan limit may be insufficient. If you don't get the ideal loan amount, it will be difficult to buy a house with a provident fund loan.