As a housing security system, provident fund helps to enhance residents' ability to buy houses and reduce the pressure of loans, so it has always been a hot issue of concern to buyers. Since last year, Shanghai's housing provident fund policy has been adjusted many times. For example, the current loan amount of the provident fund has been raised to 500,000 yuan, and the scope of application of the provident fund has been extended to self-construction, renovation and overhaul of housing. The loan amount and term of the second new house (within five years of completion) have also been adjusted to the same level as that of the first-hand house.

Since the interest rate of provident fund loans is lower than that of commercial housing loans, the liberalization of provident fund policy is undoubtedly good news for those who are willing to buy houses, but there are indeed many tricks on how to use provident fund in the' cutting edge' to minimize the pressure on buyers.

Reasonably extend the term of provident fund loans.

According to Shanghai's housing provident fund management measures, male borrowers can borrow up to 65 years old and female borrowers can borrow up to 60 years old. But now most people apply for loans by combining commercial loans with provident fund loans. In this way, if they want to reasonably extend the loan life of provident fund, they must shorten the loan time of commercial housing, so that buyers can reduce interest expenses to a certain extent.

"year rush" may not be cost-effective

In the provident fund policy, there are two ways to use the account balance to repay the loan, one is "annual rush" and the other is "monthly rush". Many people may think that the "annual fee" is more cost-effective, because it can directly offset the loan principal. In fact, it is necessary to "tailor-made" according to their account balance and loan situation and adopt the most suitable charging method. For example, in order to maintain the low-interest loan amount of the housing provident fund, buyers don't have to rush to use the "annual loan", but they can repay the commercial loan first through the "monthly loan" to achieve the most ideal relief effect.

When we know the main housing loan purposes and reasonable loan methods of housing provident fund, we can't ignore that the provident fund brings us more than these, and we can't ignore its concern. When we no longer use provident fund housing loans, we can still "withdraw" the provident fund directly.

"Withdraw" the provident fund

1: housing consumption extraction

① Purchase owner-occupied housing, overhaul and transform free housing, and build self-owned housing.

(2) the rent exceeds the prescribed proportion of family wage income.

③ Long-term repayment of housing loan principal and interest.

2. Cancellation of account

(1) Retirement and resignation

(2) Leave the country and settle down.

(3) completely lose the ability to work and terminate the labor relationship with the unit (both conditions are indispensable)

④ Death