You can take out the provident fund by transferring the loan to the provident fund. After the commercial loan is transferred to the provident fund, the money inside can be withdrawn, but the corresponding conditions must be met. Generally, commercial loans are converted into provident fund loans. For the remaining amount in the balance of the provident fund after the monthly payment, you can apply to the provident fund center to withdraw the monthly payment after one year with the commercial housing sales contract, purchase invoice or receipt registered by the housing management department (please note that the withdrawal amount cannot exceed the balance of the provident fund), and you can withdraw it once a year.

Do I need to be present to withdraw the provident fund?

The withdrawal of housing provident fund does not need to be handled in person, but can be handled by the unit manager or by the spouse, children and other immediate family members. What everyone needs to pay attention to is that when looking for someone to withdraw the housing provident fund, in addition to providing my ID card, provident fund card and relevant proof materials for the purpose of withdrawal, I also need to provide the power of attorney notarized by the notary office and the agent's ID card.

Some cities have opened the online withdrawal business of housing provident fund. If employees don't have time to go to offline outlets for the time being, they can not only entrust others to handle it, but also spend time logging in to the local housing provident fund online in official website through a web browser to apply for withdrawal (some can also apply for withdrawal through WeChat and Alipay channels).

After the application is submitted, the management center will generally complete the examination and approval within 3 days from the date of acceptance, make a decision to approve or disapprove the withdrawal, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures.

How to withdraw the money from the provident fund to repay the mortgage?

If you want to withdraw money from the provident fund account to repay the mortgage, you can sign an agreement to hedge the loan before the customer applies for the provident fund loan, and then use the money in the provident fund to repay the mortgage every month. Under normal circumstances, you don't need customers to take the initiative to withdraw cash to repay the loan.

Of course, customers need to meet the following conditions when applying for provident fund hedging repayment.

1. The status of the provident fund account is normal.

2. The provident fund has been continuously paid for 6 months.

3. The balance of the provident fund account is more than 12 times of the monthly repayment amount.

4. The principal lender and spouse have no other provident fund loan debts and repayment business.

5. Banks that handle loan business have loan repayment business.

If the customer meets the above conditions, he can prepare the housing provident fund account number, ID card, marriage certificate, household registration book and the borrower's latest loan repayment voucher to go to the provident fund center or handle related business in his online business hall.

After hedging the loan repayment, customers should always pay attention to the funds in the provident fund account to avoid the situation in loans overdue caused by insufficient funds in the account.