1, the provident fund can borrow money to buy a house. The interest rate of provident fund loans is much lower than that of commercial loans, and it is also the cheapest loan available. So many people use provident fund loans when they can.
2, buy a house to extract. The money in the provident fund account can also be withdrawn when buying a house. If you choose a commercial loan without using the provident fund loan, you can withdraw and repay the principal and interest; In the process of buying a house, you can also take out the provident fund at one time;
The provident fund can be used to pay the rent. The money in the provident fund account is equivalent to 24% of the salary, and many front-line workers do not have their own houses. In this case, you can withdraw the provident fund to pay the rent. At present, many cities can use provident fund to pay rent. For example, Beijing supports monthly withdrawal of 1.500 yuan, which means you can withdraw 4,500 yuan at a time.
Legal basis:
Article 26 of the Regulations on the Management of Housing Provident Fund
Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses.
The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant;
Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.
Article 27
Applicants who apply for housing provident fund loans shall provide guarantees.