Many companies will handle five insurances and one fund for their employees, of which one fund usually refers to the housing accumulation fund. Some employees don't know what the housing provident fund is for. Next, Bian Xiao will introduce you to the use of housing provident fund.

1, loan to buy a house

Everyone is familiar with the housing provident fund, which is a long-term housing deposit paid by employees such as state organs and institutions. Many people will apply for housing provident fund loans when buying a house. Compared with commercial loans, the loan interest of housing provident fund is lower. The longest loan period of provident fund is 30 years, and the maximum loan amount of provident fund stipulated in different regions is different. For example, the maximum loan amount of Chengdu provident fund is 500,000 yuan, and the maximum loan amount of Shanghai family provident fund housing is 6,543,800 yuan.

Step 2 pay the rent

According to the relevant policies and regulations of housing provident fund, if you rent a house in a city where housing provident fund is paid, you can withdraw housing provident fund to pay the rent. However, if you want to pay the rent in advance, you need to meet the conditions of continuous payment of the provident fund for three months, usually in March and April each year.

3, used to treat major diseases

According to the relevant regulations on the withdrawal of housing provident fund, if someone in our family suffers from serious illness and causes difficulties in life, they can apply for withdrawal of housing provident fund in advance. Generally, it can be approved in 3 working days. The application for withdrawal of provident fund for major diseases cannot exceed 80% of the amount of the provident fund account, and can be handled once a year.

4. Others

If we retire, we can apply for withdrawing the balance in the housing provident fund account. We can freely use the extracted housing provident fund, for example, for pension and investment. If our life is difficult, we belong to low-income households. Then you can withdraw the housing provident fund for your daily needs.

Bian Xiao concluded: What is the use of housing provident fund? Bian Xiao just gave a brief introduction here. I hope that after reading this article, I can provide you with reference.

What is the purpose of provident fund loans?

Legal analysis: 1, loan to buy a house. The purpose of establishing housing accumulation fund system. Property buyers can apply for provident fund loans to buy a house. The advantage of provident fund loans is that the loan interest rate is low. 20 18 the benchmark interest rate for commercial loans over five years is 4.9%, and the interest rate for provident fund loans over five years is 3.25%. However, it should be noted that individual housing provident fund loans are limited in amount. 2. Withdraw the provident fund to pay the monthly payment. In addition to loans, people who use provident fund loans to buy houses can also withdraw provident fund to repay principal and interest. 3, construction, renovation, overhaul has ownership of the house. 4. Retirement pension buyers can take out the provident fund as a pension after retirement. 5. It can be used in many cities if it is included in the scope of low income or extreme poverty. Workers belonging to low-income or poor people can apply for withdrawal of provident fund to meet the needs of daily life. 6. Treatment of major diseases If employees or family members (including employees themselves, spouses and minor children) who have paid the housing provident fund suffer from major diseases or major operations and are hospitalized, employees themselves and their spouses may apply for withdrawal of the housing provident fund. Rent a house. 8. Cancel the account and withdraw all the balance.

Legal basis: Regulations on the Management of Housing Provident Fund

Article 3 The housing accumulation fund paid by individual employees and the housing accumulation fund paid by the unit where employees work for employees belong to individual employees.

Article 24 Under any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account: (1) purchasing, building, renovating or overhauling their own houses; (2) retirement; (three) completely lose the ability to work, and terminate the labor relationship with the unit; (4) Having left the country to settle down; (5) Repaying the principal and interest of the house purchase loan; (six) the rent exceeds the prescribed proportion of family wage income. In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.

Twenty-fifth workers from the housing provident fund account balance, the unit shall verify, and issue a certificate of extraction. Workers apply to the housing provident fund management center for withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or disapprove the withdrawal, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures.

What can provident fund do?

Housing accumulation fund refers to the long-term housing savings paid by employers and their employees.

In short, in order to ensure the employee's housing problem, the employer pays the employee's salary into the employee's provident fund account separately every month, and the employee also deducts the same amount from the salary and deposits it into this account.

However, the provident fund account cannot be accessed at any time like a personal bank account. Monthly payment, individuals have to buy a house, rent a house or decorate, and can produce the corresponding supporting materials before they can apply for withdrawal. Otherwise, you'll have to wait until you retire to take it all out at once.

Next, we will learn seven uses of provident fund to improve our daily investment and financial management skills.

The seven uses of the provident fund are: buying a house by oneself, building and decorating one's own house by oneself, renting a house, parents buying a house for their children, withdrawing all the balance of the provident fund through account cancellation, and using it in low-income or extremely poor areas to treat major diseases.

First, buy a house.

The purpose of purchasing provident fund can be divided into three sections according to whether or not to lend and how to lend.

First, for investors who don't borrow money to buy a house, they can withdraw the housing provident fund at one time.

Second, for investors who buy houses with commercial loans, that is, investors who have applied for commercial personal loans in banks, they can withdraw the provident fund to pay the down payment and repay the principal and interest.

Three, for investors who use the provident fund portfolio loan to buy a house, the withdrawal of the provident fund can repay the principal and interest. So what is a portfolio loan? Housing provident fund portfolio loan is provident fund loan plus commercial bank loan.

Why do you want to combine loans? What are the benefits?

The reason for choosing the provident fund portfolio loan is that the provident fund loans in various places are calculated in proportion and have an upper limit. For example, if you want to borrow 6,543,800,000 yuan, but the provident fund loan is calculated or the government has regulations, you can only borrow 500,000 yuan, and the remaining 500,000 yuan must apply to the bank for commercial loans. This is the so-called portfolio loan.

Taking Shanghai as an example, the maximum amount of individual housing provident fund loans for families is 6,543,800+0.2 million. For the buyers who purchase the first self-occupied house, 6.5438+0 million is the personal housing provident fund loan amount, and 200,000 is the supplementary provident fund loan amount.

Investors who use portfolio loans can withdraw housing provident fund to repay principal and interest, so the interest rate of housing provident fund loans will be more favorable. For example, at present, the bank's latest housing provident fund loan interest rate (≥5 years) is at a lower position in the same period in history: 3.25%.

Second, build or renovate your own house.

For self-built or renovated houses on rural collective land and the use of housing loans, my spouse and I can withdraw the balance of the approved building in the current month (including all provident funds in the current month). However, the total withdrawal shall not exceed the total cost of building the house.

Third, it is used to rent a house.

Everyone is familiar with renting a house. Now many migrant workers and migrant workers have the need to rent a house. The practice of renting a house by provident fund is more common. Whether it is an economic rental house that can be paid by the provident fund, an economic rental house that is allocated or rented by the government, or an ordinary market house, you can withdraw the housing provident fund to pay the rent.

Take Shanghai as an example, the monthly payment is up to 2000 yuan. As long as the renter holds his ID card and brings his marriage certificate to the housing provident fund management department in his district, he can apply for the housing provident fund for the current month's rent.

What is the housing provident fund for?

Legal analysis: purpose 1: housing with provident fund.

Provident fund loans are still the first choice for most people. Using the provident fund to buy a house, commercial loans can withdraw the provident fund for down payment, or they can withdraw the provident fund for debt service, and provident fund (portfolio) loans can withdraw the provident fund for debt service. If there is no loan during the period of buying a house, you can withdraw the provident fund at one time to alleviate some of the pressure of buying a house.

Use two: provident fund rental.

If you don't have the conditions to buy a house in the short term, you can choose to rent a house with the provident fund. In addition to paying the market rent, the provident fund can also be used to rent economic rental houses or government-subsidized rental houses. Low rent can save money, and you can also save money to buy your own property.

Use 3: Building, rebuilding and overhauling houses.

This purpose is only applicable to workers and their spouses who build, renovate or overhaul their own houses on rural collective land and use employee loans. They can apply for withdrawing the amount of provident fund before the month of building approval (including the month), and the total amount of withdrawal does not exceed the cost of building.

Usage 4: Parents should not forget the provident fund when buying a house for their children.

If the purchased self-owned house does not use the housing loan, then it is ok to withdraw the parents' provident fund. If you use a personal housing loan from a commercial bank when buying a house, 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.

Use 5: It is included in the extraction and use of low-income or extremely poor areas.

If it is included in the minimum living guarantee for urban residents or special hardship assistance, then I or my spouse can apply for withdrawal of housing provident fund. However, it should be noted that the withdrawal amount does not exceed the amount of housing provident fund applied for before being included in the scope of subsistence allowances or special hardship assistance.

Usage 6: Provident fund can be used to treat major diseases.

This application has a wide range and can be used to solve urgent needs. Family members suffering from major diseases or major operations can use the housing provident fund for hospitalization. Including himself, his spouse and minor children. However, it should also be noted that the applicant should be himself or his spouse, the application date should be valid within one year from the date of discharge, and the total withdrawal amount should not exceed the part of hospitalization expenses borne by the individual.

Usage 7: Withdraw all the balance through account cancellation.

In the following cases, you can choose to cancel your account and withdraw all the balance: retired employees who have reached the age of 60, women who have reached the age of 55 and settled in foreign countries, Hong Kong and Taiwan, have completely lost their ability to work, most of them have lost their ability to work or are severely disabled, and have been sentenced to enjoy unemployment insurance benefits for dissolving or terminating their labor relations with their units. If the registered employees move out of this city or other cities, and the housing provident fund account that terminates or terminates the labor relationship with the unit is transferred to the administrative area of this city where the centralized storage has been completed for two years or the labor relationship with the original unit has been terminated for two years, and the housing provident fund has been established and paid locally, they can cancel their accounts and withdraw all the balance of the provident fund.

Legal basis: Regulations on the Management of Housing Provident Fund

Article 3 The housing accumulation fund paid by individual employees and the housing accumulation fund paid by the unit where employees work for employees belong to individual employees.

Article 5 The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and no unit or individual may use it for other purposes.

Fifteenth units to hire employees, should be within 30 days from the date of employment to the housing provident fund management center for deposit registration, and with the housing provident fund management center audit documents, to the entrusted bank for the establishment or transfer of employee housing provident fund accounts. Where the unit terminates the labor relationship with the employee, the unit shall, within 30 days from the date of termination of the labor relationship, go to the housing provident fund management center to register the change, and go to the entrusted bank to handle the transfer or sealing procedures of the employee housing provident fund account with the audit documents of the housing provident fund management center.

What are the benefits and uses of provident fund?

The specific functions of the provident fund mainly include the following two points:

1, housing loan.

Nowadays, many people choose mortgage loans to buy a house, which disperses their economic pressure. Therefore, general loans to buy a house are mainly divided into provident fund loans and bank commercial loans, of which the loan interest rate of provident fund loans is much lower than that of bank commercial loans, so provident fund loans are also deeply loved by buyers.

If users want to make provident fund loans, they must pay provident fund loans. Users who have not paid the provident fund or have paid the provident fund for less than 1 year are generally not allowed to make provident fund loans, so this is also a very important role of the provident fund.

2. Withdraw the balance of the provident fund account for use.

The provident fund paid by general enterprises for employees and the provident fund paid by users themselves will be deposited into personal provident fund accounts, which are also long-term housing deposits of users themselves, and users can withdraw and use the money in the later stage if they meet the conditions.

Users can apply for withdrawal of provident fund at any time as long as they meet any of the following conditions:

1. Withdraw provident fund for house purchase, decoration, building and house decoration;

2. In the case of no fixed housing, withdraw the rental provident fund;

3. If I or my immediate family members are seriously ill, I can withdraw the provident fund to pay for medical expenses;

4, low-income households or five-guarantee households can withdraw their own provident fund for living expenses;

5. Retired and resigned users can withdraw the provident fund at any time;

6. Users who have settled abroad can withdraw the provident fund at any time;

7. Users who move out of the province can withdraw the provincial provident fund;

8. Foreign accounts can withdraw their own provident fund when they leave the place where the provident fund is deposited.

skill

The above answer is only for the current information combined with my understanding of the law, please refer carefully!

If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.

So much for the introduction of the use of provident fund loans.