The balance of the provident fund account can be used for loans. The more balance of your own provident fund, the higher the loan amount. If the balance of the provident fund account is 654.38 million yuan, how much can I borrow? Can I withdraw all the balance? Let's find out.

How much can I borrow from the balance of provident fund 10000?

120 thousand to 200 thousand. The loan amount of the provident fund is not only related to the balance of the provident fund account, but also related to the loan multiple n announced by the local provident fund management center. If the multiple n of Changsha's provident fund loan in 2023 is 16, the balance of the provident fund account is 10000 yuan and the loan is 16000 yuan. Of course, due to the different rules of provident fund in different places, the specific loanable amount is also different.

It should be noted that in the actual calculation of the loan amount of the provident fund, besides paying attention to the balance of the provident fund account, the borrower's repayment ability, the specific situation of the house, the borrower's credit loan and liabilities will all affect the loanable amount of the provident fund. But generally speaking, the more the balance of the provident fund account, the more the loanable amount.

Can the balance of the provident fund be fully withdrawn?

If you want to withdraw all the provident fund, you can't wait until after retirement age. The money that can be withdrawn after retirement includes principal and interest.

However, if you want to withdraw the provident fund before retirement, you must meet certain conditions, such as buying a house or building a household.

If you leave your original work unit, you can apply to withdraw the provident fund you paid during your employment, but this means that the part paid by the unit will be turned over to the state. But if you find a new unit, the new unit can continue to pay the provident fund for you, and you can go through the formalities of transferring the housing provident fund, that is, transfer the provident fund to the new unit. At this time, it is a full transfer.

Although the balance of the provident fund account can be used for loans, it is best to go to the local provident fund center to ask if you can apply for loans and how much you can apply for before applying.