In the whole province, the newly issued housing provident fund loans no longer set restrictions on the place of purchase. In other words, no matter which city in Shandong Province you buy the first suite or the second suite, you can use the provident fund loan. However, due to the different provident fund loan policies in each region, it is necessary to understand the local provident fund loan policies and requirements first. In addition, we must also meet the conditions and restrictions of buying a house, such as the qualifications, quantity and restrictions of buying a house.

Process of drawing provident fund for full house purchase:

1. Handling the house purchase contract: the buyer must first sign a contract for the sale of commercial housing with the house seller, and indicate in the contract the matters of using the housing accumulation fund to purchase the house in full;

2. Preparation materials: Buyers need to provide basic information of individual accounts of housing provident fund, purchase contract, ID card, household registration book, proof of marital status, income certificate, house ownership certificate and other materials;

3. Go to the housing provident fund management center for withdrawal procedures: property buyers need to go to the local housing provident fund management center for withdrawal procedures, fill in the application form for housing provident fund withdrawal and submit relevant materials. After approval, the housing provident fund management center will directly transfer the withdrawal amount to the bank account designated by the purchaser;

4. Bank loan: property buyers need to sign a loan contract with the bank according to the amount agreed in the house purchase contract, and pay the down payment according to the proportion agreed in the contract;

5. Handling the transfer formalities: Buyers need to go to the local real estate registration agency to handle the house transfer formalities and formally transfer the house property rights to the name of the buyers.

To sum up, it is recommended to consult the local housing provident fund management department before the specific operation to understand the local policies and processes.

Legal basis:

Article 24 of the Regulations on the Management of Housing Provident Fund

In any of the following circumstances, the employee may withdraw the storage balance in the employee housing provident fund account:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) the rent exceeds the prescribed proportion of family wage income.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.

If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.