Generally speaking, there is no conflict between withdrawing the balance of the provident fund and the provident fund loan. However, if employees apply for provident fund loans when purchasing commercial housing, they sign the Agreement on Entrusted Withdrawal of Housing Provident Fund to Repay Provident Fund Loans, and the balance of their provident fund needs to be used to repay the loans first, and cannot be withdrawn. If this agreement is not signed, he can withdraw the provident fund within one year of the purchase contract and the down payment invoice, and withdraw the housing provident fund every year during the loan period and after repayment.
Precautions for provident fund withdrawal 1, balance of provident fund account
I suggest you not to withdraw the provident fund at ordinary times, because the balance of the provident fund is related to the loan amount in the future. If you withdraw now, the balance will be insufficient in the future, which may lead to the failure of provident fund management.
2. Number of withdrawals from provident fund
Personal provident fund can borrow up to 500,000 yuan to buy a house, and both husband and wife can borrow up to 6,543.8+0,000 yuan at one time. Everyone's provident fund can only be used to buy a house twice at most.
3. Extraction sequence
If you want to withdraw funds from the provident fund account when you buy a house, you must remember to apply for withdrawal after the mortgage bank lends money (after you start to repay the monthly payment). If the bank applies for withdrawal before lending, it will affect the amount of the provident fund.
Step 4 withdraw the down payment
If you need to withdraw money from the provident fund account to pay the down payment, one way is for you to discuss with the developer and postpone part of the down payment until the provident fund is withdrawn. But in this case, the general developers will not agree unless the market is very bad or the relationship is particularly good. Another way is to ask relatives and friends to help you complete the down payment first, and then return it to them after the provident fund is withdrawn, paying a little interest to thank you.
5. According to regulations
It takes a long time to review and lend the provident fund, so many developers will advise customers to choose commercial loans. At this time, as property buyers, we must insist on using provident fund loans, which is a low-interest housing policy given to us by the state.