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 down payment, or withdraw the provident fund to repay the principal and interest. Provident fund (portfolio) loans can withdraw the provident fund to repay the principal and interest. 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, 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 and use the personal housing provident fund (portfolio) loan to buy your own house. After paying the down payment, you can withdraw your parents' provident fund.
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 or special hardship relief for urban residents, then I or my spouse can apply for withdrawal of housing provident fund, but pay attention that the amount withdrawn does not exceed the amount of housing provident fund applied before being included in the minimum living guarantee or special hardship relief period.
Usage 6: Provident fund can be used to treat major diseases.
It has a wide range of uses and can be used to solve urgent needs. Family members suffering from major diseases or major operations can use the housing provident fund, including themselves, their spouses and minor children. However, it should also be noted that the applicant should be himself or his spouse, and 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 the hospitalization expenses borne by the individual.
Usage 7: Withdraw all the balance through account cancellation.
Legal basis:
"Regulations on the Management of Housing Provident Fund" Article 24 If an employee is under any of the following circumstances, he can withdraw the storage balance in the employee's 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.