1, affecting personal credit record: housing provident fund loan is based on personal good credit record. If you stop paying the housing provident fund, it will affect your personal credit record and may lead to a decline in your credit rating;
2. Impact on repayment: Stopping the payment of housing provident fund will lead to repayment in loans overdue, which may lead to penalty interest and late payment fees, and increase the repayment burden;
3. Impact on subsequent loans: If personal credit records are damaged, subsequent loan applications and approvals will be affected, and even loan applications may be rejected.
The conditions for the withdrawal amount of the provident fund mainly include:
1. Buying a house: the provident fund can be used to buy a house. When withdrawing provident fund, you need to provide relevant materials such as purchase contract and property right certificate. The amount applied for withdrawal cannot exceed the proportion of the total purchase price, and the proportion of different regions and units may be different;
2. Mortgage repayment: Provident fund can be used for mortgage repayment. When drawing provident fund, you need to provide housing loan contract, repayment certificate and other related materials. The amount applied for withdrawal cannot exceed the proportion of repaid mortgage principal, and the proportion may be different in different regions and units;
3. Renting: The provident fund can be used for renting. When withdrawing the provident fund, it is necessary to provide relevant materials such as rental contract and housing lease certificate, and the amount applied for withdrawal cannot exceed the local rental subsidy standard;
4. Going out for employment: The provident fund can be used for going out for employment. When withdrawing the provident fund, you need to provide relevant materials such as employment certificate and social insurance certificate, and the amount applied for withdrawal cannot exceed the proportion of the balance of the individual provident fund account.
To sum up, different regions and units may have different conditions for withdrawing provident fund, which shall be subject to local policies and relevant laws and regulations. At the same time, the withdrawal of provident fund needs to meet certain application conditions, such as the deposit period of provident fund and account balance. , and the specific situation also varies from region to region and unit.
Legal basis:
Article 24 of the Regulations on the Management of Housing Provident Fund
In any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account:
(a) the purchase, construction, renovation and overhaul of owner-occupied housing;
(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.