If the amount of your provident fund is large enough, you can withdraw the money from the provident fund to pay the down payment. However, if the money in your provident fund account is relatively small, although it will be enough for the down payment after you withdraw it, it will be difficult to process. When you get a loan, you may encounter resistance. After all, provident fund loans mainly rely on the money in your provident fund account. If you have withdrawn it, how can they give you a loan?

Some friends said that the money in the provident fund account can be withdrawn to pay the down payment, and the provident fund loan can also be used to buy a house. In fact, this kind of operation is possible, and it is not considered a loophole. As long as you have enough funds in your provident fund account, and after paying the down payment for the house, the remaining money can still meet the provident fund loan standards, then it can be carried out. According to the method tested by netizens, first borrow money to pay the down payment, then use the provident fund to apply for a loan, and then withdraw the provident fund to pay the down payment after the loan is obtained. However, based on my limited personal experience, I have not tried this method personally.

However, according to relevant regulations, this method is feasible, but there are certain preconditions. As has been emphasized in the previous article, that is, the balance in the provident fund is relatively large, which exceeds the upper limit of provident fund loan ratio by a lot, so it is definitely no problem to withdraw the excess. When applying for a provident fund loan, the provident fund management center in various places requires the lender to provide a down payment certificate, and then verify the amount in the provident fund account. The amount in the account determines how many provident fund loans we can borrow. After verification, it will be temporarily Freeze provident fund accounts.

If you want to apply for a provident fund loan, but the balance in the provident fund account is not very large, it is better not to withdraw it to pay the down payment. If you have emptied the provident fund account or left it, Relatively small, this will inevitably affect the amount of provident fund loans, and may even cause you to lose your application qualifications for provident fund loans.

It is said that there seems to be a way to avoid it, which is the method I mentioned at the beginning of the article. If the down payment is not enough, and you want to withdraw the provident fund as a down payment, you can first borrow money from relatives and friends, and then wait for the provident fund loan to be approved, and then after the property transfer is completed, the balance in the provident fund account can be withdrawn. Then use the money to pay back your relatives and friends.

It should be noted that the requirements for provident fund loans are different for first-hand houses, second-hand houses and first-time houses. If you purchase a first-hand house, to withdraw the provident fund, you need the original house purchase contract or agreement and relevant copies; you also need the invoice for the house purchase and a copy of the invoice; you also need the original ID card of the employee and a copy of the ID card. The employee's bank card account number is also required; if the lender is married, then the original and copy of the proof of marital relationship are also required, as well as a copy of the provident fund withdrawal record of the main buyer.

If you are buying a second-hand house, the method of withdrawing the provident fund is not much different from that of a first-hand house. However, a second-hand house requires the original and copy of the tax payment certificate for paying the deed tax. If you are buying a second home, or if you have other loans in your name, it seems that you are not allowed to use provident fund loans to buy a house again. However, this is not a hard and fast rule. It mainly depends on local policies. Policies in each place are different.

But what is certain is that it is possible to withdraw money from the provident fund to pay the down payment and then use the provident fund loan to buy a house. But if there are not enough funds in the provident fund account, then you need to borrow money from other people to pay the down payment. After the provident fund loan is processed, you can withdraw the provident fund and return it to others. That's it.