1, repayment of commercial loans. When buying a house with a commercial loan, you can withdraw the housing provident fund to repay the loan, and you can withdraw 1 time a year;
2. If you can withdraw/kloc-0 times a year from the housing loan to repay the self-occupied housing loan and withdraw the housing accumulation fund, you will apply for/kloc-0 times a year;
3. You can withdraw 1 time every year to pay the rent. If there is no self-owned house audited by the provident fund center, you can withdraw 1 time every year to pay the rent of self-occupied house, and the withdrawal amount shall not exceed one year's rent.
The extraction process of housing provident fund is as follows:
1, prepare data as required.
If you want to withdraw the provident fund, you need to prepare the corresponding materials according to the requirements of the provident fund center, such as the purchase contract, rental contract or unemployment certificate. Specific customers shall be subject to the notice of the local provident fund center, and there shall be no omissions or errors;
2. Apply to the Provident Fund Center.
Customers can apply to the nearest provident fund management center. At this time, the materials will be submitted to the provident fund center for review. If there is any problem with the information, the counter staff will inform the customer to correct or supplement it on the spot. Do not meet the conditions for withdrawal of provident fund, inform the applicant of the reasons for not withdrawing, and return the application materials.
3. The applicant signs for confirmation.
If there is no problem with the information submitted by the customer, the CPF Center window will ask the customer to sign for confirmation after approval, and the corresponding information will be scanned and archived;
4. The Provident Fund Center will arrange the next payment.
After the customer's application materials are stored in the computer, the provident fund center will arrange the funds to the bank account provided by the customer. Under normal circumstances, it takes about 1 week for the provident fund center to review the materials and arrange the funds to arrive. Just wait patiently for the notice from the provident fund center.
To sum up, you can withdraw 1 time a year to repay commercial loans. When buying a house with a commercial loan, you can withdraw the housing provident fund to repay the loan, and you can withdraw 1 time a year. In this case, it can be regarded as the monthly offset business of provident fund. That is, the monthly payment of the user can be repaid directly with the balance of the provident fund account. In the case of monthly withdrawal, the amount of each withdrawal will be based on the mortgage repayment amount of the month. Under the equal principal and interest repayment method, the amount of provident fund withdrawn every month is the same; Under the repayment method of average capital, the amount of withdrawal of provident fund and repayment of commercial loans will be different every month.
Legal basis:
Article 24 of the Regulations on the Management of Housing Provident Fund
In any of the following circumstances, employees 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.