How to buy a car with the provident fund
The provident fund can't be used to buy a car, but can only be used for buying a house, renting a house or repairing a house. I must hold the relevant certificates of house purchase and house repair before I can withdraw the provident fund.
in any of the following circumstances, employees may apply for withdrawal of housing provident fund.
(1) If the owner-occupied house is purchased, the purchase contract, agreement or other certificates shall be provided;
(2) If the owner-occupied house is purchased, the approval documents or other supporting documents of the administrative departments of construction and land shall be provided;
(3) In case of renovation or overhaul of owner-occupied housing, the approval documents or other supporting documents of the planning administrative department and other competent departments shall be provided;
(4) Retirement certificate;
(5) In case of total loss of labor ability and termination of labor relations with the unit, provide the appraisal certificate of total loss of labor ability and the certificate of termination of labor relations;
(6) If the employee has not been re-employed for five years after terminating the labor relationship with the unit, provide a certificate of non-employment;
(7) if you leave the country to settle down, provide proof of leaving the country to settle down;
(8) if the registered permanent residence moves out of the administrative region of this province, provide the proof of migration;
(9) if the principal and interest of the house purchase loan are repaid, the house purchase loan contract shall be provided;
(1) If the rent is paid, provide proof of salary income and housing lease contract;
(11) The migrant workers terminate the labor relationship with the unit, and provide the household registration certificate and the certificate of termination of the labor relationship;
(12) other circumstances stipulated by the housing provident fund management center.
Extended information:
Loan type of housing provident fund:
Personal housing provident fund loan: it is the housing provident fund used by the housing provident fund management center and entrusted by commercial banks to provide preferential loans to housing provident fund depositors who purchase, build, renovate, overhaul their own houses and raise funds for cooperative housing construction.
Personal housing provident fund portfolio loan: refers to that when the loan amount of housing provident fund is insufficient to pay the house purchase price, the borrower applies for housing provident fund loan and at the same time applies for commercial personal housing loan from the entrusted bank, and the two loans together form a portfolio loan. Housing provident fund loans in portfolio loans are approved by the management center, and commercial loans are approved by the entrusted banks.
The real estate developer signs the Commercial Housing Mortgage Loan Cooperation Agreement with the management center and the entrusted bank, and the real estate developer provides the borrower with phased guarantee and deposits a certain percentage of the total loan.
after the property right certificate is completed and the mortgage registration is completed, the guarantee responsibility will be terminated and the purchased house will be mortgaged. The borrower applies for a loan to the management center, and after approval, the entrusted bank signs a loan contract with the borrower and goes through the formalities of using the money.
individual housing provident fund replacement portfolio loan: firstly, the bank issues commercial housing loans to borrowers (employees who have paid housing provident fund) with bank funds, and then the entrusted bank applies for provident fund loans to the management center on behalf of the borrowers.
the borrower's provident fund loan amount is controlled within its basic provident fund loan amount and does not exceed 7% of the commercial housing loan amount, and its basic provident fund loan period is shorter than the commercial housing loan period by more than one year.
amount:
according to the level, the maximum amount of provident fund loans is 8, for Grade A, 92, for Grade AA and 1.4 million for Grade AAA. The maximum loan period of provident fund is 3 years, whichever is older.
The age plus loan period cannot exceed 7, which is also related to the building age. The building age plus loan period of brick-concrete structure cannot exceed 47, and the building age plus loan period of steel-concrete structure cannot exceed 57.
The specific loan amount is as follows: First, it must not exceed the individual repayment ability, that is, the sum of the borrower's monthly deposit/the borrower's spouse's provident fund deposit/the borrower's spouse's provident fund deposit ratio ×5%×12 (month )× the loan period;
the second is to purchase the first ordinary self-occupied house, which shall not exceed 7% of the purchased house price (8% of the purchased house price if the Taoxing construction area is less than 9 square meters (inclusive));
Third, the borrower (including spouse) should have the ability to repay the loan principal and interest, and the average monthly income should not be lower than the minimum living guarantee for urban and rural residents in this city.
duration of provident fund loan: the maximum duration of housing provident fund loan is 3 years. In principle, the sum of the borrower's age and the loan application period shall not exceed five years after his statutory retirement age, that is, male employees can borrow until they are 65 years old and female employees can borrow until they are 6 years old.