Provident fund withdrawal can do this.
What are the extraction conditions and quota of housing provident fund?
Many people will buy provident fund for them after they join the work, but there are also many people who don't need to buy a house and think that the provident fund they pay is useless. If everyone thinks so, it is a big mistake, and the role of provident fund is great. If it meets the requirements, it can be extracted for personal use. The following is a detailed introduction to the relevant content for everyone.
What is the purpose of the provident fund?
1, loan to buy a house
One of the biggest uses of provident fund is that it can be used to buy a house by loan, but not all people who pay provident fund can use it to buy a house by loan, because there are certain conditions for using provident fund loans to buy a house. According to the regulations, employees who have paid the housing provident fund in full and continuously for a specified number of years can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses.
2. Withdrawal and repayment of housing loans
The balance in the provident fund account can be used to repay housing loans, including commercial housing loans, provident fund loans and portfolio loans. Employees who handle the provident fund loan repayment business can apply for entrusted loan repayment, that is, entrust the provident fund center to extract the storage balance in the housing provident fund account for repayment of individual housing loans. Entrusted loan repayment is divided into entrusted monthly repayment and entrusted annual repayment. Employees handling entrusted withdrawal business generally include borrowers and their spouses, borrowers and spouses with property rights.
3. Pay medical expenses for major diseases.
Many people may not know this. In fact, the provident fund can also be used to pay for the medical expenses of major diseases. After a serious illness, everyone must remember the provident fund. Under the double protection of medical insurance and provident fund, the burden of medical expenses is greatly reduced.
Of course, the purpose of the provident fund is not only the above-mentioned situations, but also the corresponding amount can be extracted from renting or house decoration.
How much can the provident fund be withdrawn?
1. If you purchase self-occupied housing and withdraw the housing provident fund, you can apply for withdrawal from the account balance of yourself and your spouse in the previous year:
(1) If the principal and interest of the loan are repaid, it shall not exceed the principal and interest of the current year or be repaid in advance;
(2) Non-loan purchase of owner-occupied housing, the one-time withdrawal amount shall not exceed the total purchase price;
(3) The one-time withdrawal amount of commercial bank loans for purchasing owner-occupied houses shall not exceed the down payment amount.
2. Pay the rent for renting self-occupied housing.
(1) If you are unmarried or divorced, you can apply for withdrawing 2,700 yuan from your account every six months;
(2) Married persons can apply for withdrawing 5400 yuan from their own and spouse's account balance every six months.
3, construction, renovation, overhaul occupied housing
You can apply for a cumulative withdrawal from the account balance of yourself and your spouse, and the cumulative withdrawal amount shall not exceed the total final accounts of construction, renovation and overhaul.
4. Non-housing consumption extraction
(1) retired;
(2) Going abroad or settling abroad;
(3) Incorporate into the management of "special account";
(4) The employee dies or is declared dead;
(5) termination of labor relations with the unit, and no re-employment, the account has been sealed for half a year.
For the above five categories of non-housing consumption withdrawal, you can apply to withdraw all the balance of your account and cancel your personal housing provident fund account.
(6) If family life is seriously difficult due to serious diseases, disasters and traffic accidents, you can apply to withdraw the account balance of yourself, your spouse and children, and the maximum amount shall not exceed the medical expenses borne by the individual or the expenses required for dealing with disasters and accidents.
Provident funds can be used for many purposes, but the utilization rate of loans to buy a house is relatively high. If you are not going to buy a house now and are still renting a house, you can consider using the provident fund to pay the rent, which can be regarded as saving a lot of money for your life. If you are going to buy a house with a provident fund loan, don't withdraw the provident fund easily.