The business process of housing provident fund extraction is as follows:

1. Employees shall apply to their units for withdrawal of housing provident fund. Upon verification, the application for withdrawal shall be issued by the unit in duplicate. The employees of centralized sealed households apply to the sub-center or management department for extraction.

2. The employee holds the Application Form for Withdrawal and other application materials, and applies to the sub-center or management department where the housing provident fund has been deposited. The sub-center or management department issues the Notice of Withdrawal, which is signed by the employee to confirm the withdrawal amount.

3. On the same day, the employee shall go through the withdrawal formalities at China Construction Bank with two copies of the withdrawal application and three copies of the withdrawal notice verified by the sub-center or management department.

4. The employee will return a withdrawal notice to the unit after CCB confirms the payment, which will be used as the accounting voucher of the unit.

Extended data:

Employees can't enjoy housing provident fund loans when they buy houses in other places. Because, the housing provident fund loan implements the system of mortgage with the purchased housing to ensure the realization of the housing provident fund creditor's rights. Because the collateral is in other places, it is difficult to supervise the collateral and the loan risk is relatively high. Therefore, employees cannot apply for housing provident fund loans when buying houses in other places.

The repayment method of individual housing provident fund loans;

Provident fund loans are repaid on a monthly basis. The borrower can choose the equal principal and interest method or the average principal method to repay, but once the loan contract is signed, the repayment method cannot be changed.

1. Equal principal and interest method: the monthly repayment amount is equal, the principal is paid first, then more, and the interest is paid first, then less, which is suitable for borrowers who are short of funds in the initial repayment period.

2, the law of average capital: fame and fortune with this law. In the monthly repayment amount, the principal repayment amount is equal, the repayment interest decreases with the decrease of the principal, and the monthly repayment amount decreases month by month, which is suitable for borrowers who are not too nervous in the early repayment period.

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