How to withdraw provident fund from a commercial loan?

1 First, the user needs to bring relevant information to the local housing provident fund center to apply for withdrawal. The information that needs to be prepared includes personal ID card, loan contract and The loan issued by a commercial bank has no overdue certificate;

2 Submit the information to the staff of the Housing Provident Fund Center for verification, and fill in the application form as required;

3 After the application form is successfully submitted Just wait for the review to pass. Once the review is passed, the withdrawn provident fund funds will be directly transferred to the designated account. At that time, the user can use the provident fund funds to repay commercial loans.

It should be reminded that there is a limit on the number of withdrawals of provident funds used to repay commercial loans. It can only be withdrawn once a year and the withdrawal time is usually in June of each year.

In fact, the provident fund has many functions. In addition to being used to apply for housing loans and repay loans, it can also be used to pay rent for households without houses; for retirees, it can also be used according to normal procedures. Withdraw it and use it as living expenses.

When going through the provident fund withdrawal procedures, you must prepare all the information to avoid unnecessary trouble.