Personal housing provident fund loans refer to loans entrusted by local housing provident fund management centers to commercial banks to pay for housing provident fund purchase, construction, renovation and overhaul.

Personal car loan refers to the loan granted by China Bank to natural person borrowers for purchasing consumer cars (excluding used cars).

Please consult the local branch of Bank of China for details.

The above contents are for your reference. Please refer to the actual business regulations.

If you want to buy a car, how do you withdraw the provident fund?

You can't withdraw the housing provident fund when you buy a car. Housing provident fund can only be used for real estate-related matters.

According to the "Regulations on the Management of Housing Provident Fund", if an employee has one 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.

Other provisions on housing accumulation fund.

"Regulations on the Management of Housing Provident Fund" Article 28 The housing provident fund management center may use the housing provident fund for the purchase of government bonds with the approval of the housing provident fund management committee on the premise of ensuring the withdrawal and loan of housing provident fund. The housing provident fund management center shall not provide guarantees to others.

Article 29 The value-added income of housing provident fund shall be deposited in the special account for value-added income of housing provident fund opened by the housing provident fund management center in the entrusted bank, which shall be used for establishing the risk reserve for housing provident fund loans, the management expenses of the housing provident fund management center and the supplementary funds for urban low-rent housing construction.

The above contents refer to the Regulations of the Ministry of Housing and Urban-Rural Development of the People's Republic of China on the Management of Housing Provident Fund.

Clever use of provident fund loans to buy a car

How to skillfully use provident fund loans to buy a car?

Strictly speaking, borrowers can't directly use provident fund loans to buy cars.

If you want to buy a car with a provident fund loan, you can have two choices. One is to directly apply for provident fund consumer loans, and the other is to withdraw provident fund to pay the down payment for car loans.

1, directly apply for provident fund consumption loan.

There are many loan products on the market, which are consumer loan platforms specially provided for users who pay provident fund. Borrowers can fill in personal identity information and relevant information about provident fund payment on such platforms, and then click "View Quota".

The credit line of this kind of loan platform is generally relatively high, mainly depending on the borrower's provident fund deposit and monthly supply base. The more months of continuous repayment, the more stable the borrower's job. The higher the payment base, the higher the borrower's salary level.

Generally speaking, as long as there is no credit stain on the borrower's credit information and there is a record of paying the provident fund for more than one year in a row, he can apply for a credit line of about100000 yuan. One hundred thousand yuan is enough for the borrower to buy a cheaper and smaller car.

2. Withdraw the provident fund to pay the down payment for the car loan.

The balance in the provident fund account can be directly withdrawn. Borrowers can accumulate a quota of about 20,000-30,000 yuan, and then withdraw it at one time as the down payment of their own car loans, and then apply for loans from major car loan financial institutions.

However, there are relevant regulations on the withdrawal of provident fund. According to the regulations, if you want to withdraw the provident fund, the borrower needs to meet the following conditions.

Purchase, construction, renovation and overhaul of owner-occupied housing; Retired; Completely lose the ability to work and terminate the labor relationship with the unit; Settle abroad; Repay the principal and interest of the house purchase loan; Rent exceeds the prescribed proportion of family wage income.

Can the housing provident fund be withdrawn to buy a car?

You can't. The withdrawal of housing provident fund must meet certain conditions, and the storage balance in the employee housing provident fund account can be withdrawn under any of the following circumstances:

(1) Purchase, build, renovate or overhaul the owner-occupied housing with ownership;

(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;

(6) the rent exceeds the prescribed proportion of family wage income.

Extended data

Extraction process

(a) approved by the provident fund center.

Except for the two withdrawal methods of employee resignation and employee retirement, other withdrawal methods need to be audited by the provident fund management center before they can go through the withdrawal procedures in the bank. The procedure is as follows:

1. Submit relevant documents, which will be audited and sealed by the municipal housing provident fund management center or office.

2. Hold the "Housing Provident Fund Withdrawal Form", the special passbook or joint card for housing provident fund and the valid identity documents audited and sealed by the municipal provident fund management center or office, and wait until the relevant bank housing provident fund business handling outlets handle the withdrawal.

(two) the extraction of the entrusted bank audit.

The cancellation of labor relations between non-registered employees and their units and the retirement of retired employees have been entrusted to the Construction Bank for review. Resignation certificate (non-local registered employees leave), retirement certificate, ID card, etc. Issued by the applicant, you can directly withdraw the housing provident fund from the relevant bank outlets in this city.

(3) Entrusted loan repayment of provident fund (i.e. automatic monthly deduction)

Borrowers and their spouses who have handled housing provident fund loans from China Construction Bank, China Industrial and Commercial Bank, China Agricultural Bank, China Bank, China Merchants Bank and China CITIC Bank may apply for entrusted withdrawal of housing provident fund.

This business must be approved by the provident fund center or office with relevant information, and cannot be entrusted to others. The loan bank is an applicant from a bank other than China Construction Bank. You must first apply for a joint provident fund card at the relevant bank outlet where the company opens an account and associate it with the provident fund account (activate it) before you can handle this business.