Although provident fund loans are cost-effective, they are also demanding. Not all home buyers can use them. However, provident funds can also be withdrawn to repay mortgages and commercial loans. Then the commercial loan can be repaid with provident funds for one year. How many times can it be withdrawn? The provident fund used for commercial loans can be withdrawn 12 times a year, that is, it can be withdrawn once a month. When purchasing a house with a commercial loan, the buyer can withdraw provident funds to repay the commercial loan. When withdrawing provident fund to repay a commercial loan, the amount withdrawn each time in a year shall not exceed the amount of principal and interest repayable in the current period, and the amount withdrawn for repayment shall not exceed the total amount repayable in the current year. However, the specific number of withdrawals shall be subject to local provident fund withdrawal policy regulations.

Provisions for withdrawal of provident fund 1. Withdrawal for house purchase If you apply to withdraw provident fund to repay the mortgage, you can withdraw it once a month, and the cumulative withdrawal amount cannot exceed the actual expenditure. 2. Rental withdrawal (1) If you rent ordinary commercial housing, you usually submit an application once, and the withdrawal amount for each quarter will be credited to the provident fund joint card of the withdrawer. After one year of application, you need to resubmit the application. (2) The withdrawal amount is different in each city. Taking Beijing as an example, if there is no rental contract, 1,500 yuan will be withdrawn every month, which is 4,500 yuan per quarter; if there is proof of rent payment and the original rental contract, the withdrawal will be made once every quarter. , the monthly withdrawal amount shall neither exceed the monthly payment amount of the housing provident fund nor the monthly rent. (3) For example, the total monthly deposit limit for you and your company is 2,000 yuan, and the monthly rent is 1,800 yuan, then the actual withdrawal limit cannot exceed the actual 1,800 yuan. 3. Self-inspection, overhaul of your own house, and withdrawal for decoration. Some cities stipulate withdrawal once a year, and some for half a year. However, in some cities like Hainan, it is possible to stop the provident fund withdrawal business for decoration due to certain reasons.

Notes on withdrawing provident fund 1. You can withdraw provident fund without buying a house. Withdrawing provident fund does not just require buying a house. The first application must be made within the loan period, otherwise you will not be able to withdraw the provident fund after the loan is repaid. If you apply, you will have to watch your money depreciate in the bank; if you purchase a house with a one-time payment or installment payment, you must apply within two years after paying the house payment. Moreover, according to regulations, only employees who have purchased a self-occupied house and applied for a commercial loan to purchase the house can handle the withdrawal business according to the loan repayment; if the property purchased with the loan is not residential in nature or the loan type is not a residential mortgage loan, it is not eligible for loan repayment. Extraction conditions. 2. It is difficult to apply for "major repairs". The conditions for withdrawing provident funds in many areas include "purchase, construction, renovation or overhaul of owned self-occupied housing". However, in actual operation, it is "almost difficult" to apply for major repairs to withdraw provident funds. "Possibly", the main structure of the house needs to be replaced to meet the conditions for major repairs. Houses that meet this condition in cities generally have to be demolished. Therefore, pay more attention when choosing such application conditions. 3. The provident fund cannot be withdrawn after the house is sold. After the house is sold, it is not allowed to apply for withdrawing the provident fund from the house sold. If there are other houses for sale, you can apply for withdrawal from the new house. Therefore, it is recommended that those who have applied for automatic withdrawal of provident fund must remember to change the application withdrawal information in time after "selling one, buying one". If it is later found online that the house for which provident fund withdrawal has been sold, the automatic transfer will definitely be terminated; The loan for the house being paid for at that time has been paid off. If you miss the opportunity to apply for withdrawal, it will also be regarded as temporarily giving up the withdrawal.