Disadvantages: the loan amount is limited, and the loan amount is relatively small. Only employees who have paid the housing provident fund can apply for housing provident fund loans.
The advantages of buying a house with provident fund loans are simple procedures, relatively low application threshold and low interest rate; The disadvantage is that the loan amount is limited, and the loan amount is relatively small. Only employees who have paid the housing provident fund can apply for housing provident fund loans.
Provident fund withdrawal types are:
1, agreed to extract. Agreed withdrawal of provident fund means that employees and their spouses apply for withdrawal of provident fund for reasons such as purchase, construction, renovation, overhaul of owner-occupied housing and repayment of principal and interest of housing loans. The provident fund management center will transfer the extracted provident fund to the employee's own provident fund joint card savings account on time according to the agreed time when applying.
2. Partial extraction. Partial withdrawal of provident fund means that the depositor of provident fund applies for partial withdrawal of provident fund according to the requirements of partial withdrawal of provident fund. The maximum withdrawal amount is the total account amount minus 10 yuan.
3. Cancel the account. Cancel the withdrawal of provident fund withdrawal: canceling the withdrawal of provident fund withdrawal is similar to canceling the withdrawal of bank account. When handling the withdrawal of account cancellation, you only need to fill in the withdrawal application form of account cancellation according to the requirements of withdrawal of provident fund and withdraw the provident fund from the management department.
I hope the above content can help you. Please consult a professional lawyer if you have any other questions.
Legal basis: Article 28 of the Regulations on the Administration of Housing Provident Fund.
The housing provident fund management center can 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 the housing provident fund.
The housing provident fund management center shall not provide guarantees to others.