First, the housing provident fund extraction conditions
The unit is the provident fund paid by employees, and the on-the-job employees need to meet the conditions for withdrawing the provident fund, as follows:
1, purchase, build, renovate or overhaul the owner-occupied housing with ownership;
2. Repay the principal and interest of the house purchase loan;
3. Independent rental.
Second, the extraction process of housing provident fund
1. Employees who meet the extraction conditions apply to the unit for extraction of housing provident fund, and attach relevant certification materials;
2, the unit is responsible for the extraction object identity and extraction conditions for review, issued by the "employee housing provident fund extraction application", stamped with the seal reserved by the unit.
3. Employees hold the application for employee housing provident fund extraction and relevant supporting materials to the city housing provident fund management center for window review, and the qualified handling bank handles the transfer and extraction procedures for employees.
4. Employees must carefully fill in and check the payee's name, bank and account number to avoid mistakes.
5. If the extractor is the spouse of the purchaser, the original and photocopy of the household registration book and marriage certificate must also be provided.
6. If an agent is needed, the identity documents of the employee and the agent shall be presented.
III. Reasons for not approving the provident fund
1, the deposit time of provident fund is not enough.
At present, many places have the requirements of provident fund loan policy. Usually it takes more than half a year to apply for provident fund loans. If you don't have enough time to pay, you can't apply.
2. The deposit amount of the provident fund is small.
The monthly payment of provident fund loans is usually repaid from the deduction of provident fund accounts, and the borrower's monthly deposit amount must not be lower than the monthly payment amount, otherwise it is difficult to approve loans.
2. The developer does not support it.
Because it takes a relatively long time to apply for provident fund loans, the period of withdrawing funds becomes longer, which increases the risk for developers, so developers will ask buyers to choose whether to buy a house in full or apply for commercial loans.
3. There are outstanding provident fund loans.
Provident fund loans can be used to buy two suites, but only if the provident fund loans for the first suite have been settled. On the other hand, if the first home provident fund loan cannot be settled, it cannot be handled; If you buy a house with a commercial loan before, it will have no effect on the provident fund loan of the second suite.
Generally speaking, buyers are in a relatively weak position, either accepting each other's conditions or switching to commercial loans with higher interest rates. Moreover, when the provident fund center approves the loan, it should calculate the amount according to the borrower's income, occupation and deposit. In the case of limited quota, it is easier for high-quality customers with excellent conditions to obtain the highest quota.
legal ground
Article 25 of the Regulations on the Management of Housing Provident Fund
If the employee withdraws the balance stored in the housing provident fund account, it shall be verified by the unit where he works and a certificate of withdrawal shall be issued. 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.