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What is the provident fund for? What's the use?
The purposes of the Provident Fund are as follows:

1, the provident fund can be used to buy a house. Buying a house without a loan can be withdrawn at one time, and buying a house with a commercial loan can be withdrawn as a down payment; Commercial loans to buy a house can be withdrawn from the provident fund to repay the principal and interest; Provident fund loans can be used to withdraw provident fund to repay principal and interest.

2, provident fund can be used for housing construction, renovation and overhaul;

3. The provident fund can be used to rent a house. You can use rent or government rent subsidies to pay the rent of economic rental housing and pay the market rent;

4. The provident fund can be used to withdraw the parents' housing provident fund to buy a house. If you buy a house by yourself and don't use a housing loan, you can withdraw your parents' provident fund; Use a personal housing loan from a commercial bank to purchase your own house, and you can withdraw your parents' provident fund after paying the down payment; Buy your own house with a personal housing provident fund (portfolio) loan, and you can withdraw your parents' provident fund after paying the down payment.

5. The provident fund can be used to withdraw all the balance of the cancelled housing provident fund;

6, provident fund can be included in the low-income or poor range can be used for extraction;

7. Provident funds can be used to treat major diseases. Family members suffering from major illness or major surgery hospitalization, employees and their spouses can apply for withdrawal of housing provident fund, and the application date should be within 1 year from the date of discharge, and the total withdrawal amount should not exceed the personal burden of hospitalization medical expenses.