The provident fund can be withdrawn if you don’t buy a house.

First of all, you need to pay the housing provident fund continuously for one year before you can withdraw it, that is, you can withdraw it once a year. Secondly, some places restrict the practical methods of provident funds. For example, provident funds can only be withdrawn by purchasing a house. Finally, when you use a provident fund loan to buy a house, the loan amount is related to your salary and the balance in your provident fund card.

The process of withdrawing the housing provident fund mainly includes the following contents: When withdrawing the housing provident fund, the applicant needs to submit relevant applications for withdrawing the provident fund. The applicant shall prepare relevant supporting materials according to the withdrawal policy and regulations, and then submit the application to the local housing provident fund. The unit submits the corresponding application. The main process is:

1. Conduct a preliminary review first. After the applicant submits the application, the employee's work unit will review the applicant's application, and if it meets the withdrawal requirements, an application form will be issued;

2. Then review and approve it. After getting the application form, you need to bring the relevant application form, supporting materials and relevant certificates and submit it to the housing provident fund management department for review and approval. The housing provident fund management department should make a decision within three working days whether to approve the withdrawal. The corresponding decision;

3. Finally make the payment. After approval, the applicant needs to wait for the housing provident fund management department to transfer the payment. Provident funds can only be used by individuals. If my house has been loaned, if it is a commercial loan, then it has been mortgaged to the bank, and the bank is the property owner. I now have no right to use the provident fund for a house loan.

The provident fund is:

The provident fund is the housing provident fund, which refers to state agencies and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions Long-term housing savings are paid equally by units, private non-enterprise units, social groups and their employees. It has the characteristics of security, mutual assistance and long-term, and is mainly used for employees to purchase, build, renovate, overhaul and decorate their own homes or pay rent.

To sum up, the provident fund can be withdrawn without buying a house. You need to pay the housing provident fund continuously for one year before you can withdraw it, that is, you can withdraw it once a year.

Legal basis:

Article 24 of the "Housing Provident Fund Management Regulations"

If an employee has any of the following circumstances, he or she may withdraw funds from the employee housing provident fund account Storage balance:

(1) Those who purchase, build, renovate or overhaul their own houses;

(2) Those who retire or retire;

(3 ) completely loses the ability to work and terminates the labor relationship with the employer;

(4) Settling abroad;

(5) Repaying the principal and interest of the house purchase loan;

(6) 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, if the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time. If an employee dies or is declared dead, the employee's heirs or legatees can withdraw the balance in the employee's housing provident fund account; if there is no heir or legatee, the balance in the employee's housing provident fund account will be included in the appreciation income of the housing provident fund.