1, if you can choose to pay more, choose to pay more, because in some places, when applying for a house loan, the loan amount is determined according to 20 times the balance of the provident fund you have paid.

2. The biggest advantage of provident fund is that when buying a house, you can enjoy a loan application below the bank's benchmark interest rate. Of course, even if there is no loan, retirement withdrawal is not a small sum.

3. Employees can apply for housing provident fund loans when buying houses and building houses, which is much lower than the interest rate of ordinary commercial individual housing loans; Some provident fund management centers stipulate that housing provident fund can also be used to directly repay the principal and interest of loans.

4. When an employee retires, the housing provident fund that has not been withdrawn from his personal account can be returned to the employee and cancelled as a supplement to the pension after one-time settlement of principal and interest;

5. If employees and their families are hospitalized due to serious illness, they can withdraw the housing accumulation fund from the account according to regulations, so as to reduce the resulting economic pressure.

6. Housing accumulation fund is a long-term housing savings paid by units and their employees, and it is the main form of monetization, socialization and legalization of housing distribution. The housing accumulation fund system is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed. Units and individual employees must fulfill their obligations to pay housing provident fund according to law.

Housing accumulation fund is a long-term housing accumulation fund owned by individual employees, which is paid by state organs, institutions, enterprises, private non-enterprise units and social organizations on a monthly basis. (hereinafter referred to as the unit) and its employees pay according to a certain proportion of their wages. The housing accumulation fund system is an important part of China's housing social security system, which is mandatory, mutually supportive and an important means to solve the housing problem of employees. Establishing the housing accumulation fund system is the unshirkable legal obligation and social responsibility of every unit and enterprise. Let me talk about the benefits of housing provident fund deposit:

First, individual ownership. The housing provident fund paid by individual employees and the housing provident fund paid by the unit shall be stored in special accounts and owned by individual employees. No unit or individual may misappropriate the housing provident fund and shall be investigated for criminal responsibility according to law.

Second, the funds can be doubled. Individual employees pay within the range of 5%- 12% of their salary, and the unit subsidizes them in the same proportion. Therefore, after individual employees pay the housing provident fund according to regulations, the funds will double.

Third, interest can be calculated on a rolling basis. According to the Regulations on the Management of Housing Provident Fund, June 30th of each year is the settlement date of housing provident fund, and the housing provident fund paid by units and employees has the characteristics of "rolling interest". The interest rate of housing provident fund paid in that year is based on the benchmark interest rate of one-year lump-sum fixed deposit announced by the People's Bank of China, and the interest income of deposit is exempt from personal income tax.

Fourth, the housing provident fund can be withdrawn. The housing accumulation fund is withdrawn by depositing the employee himself or his spouse to purchase, build, rebuild, overhaul ordinary self-occupied houses or repay the principal and interest of housing loans, rent houses in existing houses, install elevators, etc.

5. You can apply for a loan. Employees who have paid the housing provident fund in full for more than 6 months in a row can apply for low-interest loans from the housing provident fund at the discount of the loan interest rate of commercial banks for the same period as long as they meet the relevant loan policies and provide complete relevant information when purchasing and building self-occupied houses.

Sixth, you can save money. Using housing provident fund loans not only saves money than using commercial housing loans, but also has many advantages such as long loan life and flexible repayment. At present, the interest rate of the first home loan for 5 years and below is 2.75%; The interest rate for loans over five years is 3.25%. Taking the housing accumulation fund loan of 550,000 yuan in Tacheng area for 30 years as an example, the total interest can be saved by 1.89 1.304 million yuan if the monthly repayment of principal and interest is adopted.

7. You can repay the loan in advance. Housing provident fund loans can be repaid in advance after one year of normal repayment. You can repay in part or in full in advance, and there is no penalty for prepayment. The normal provisions for prepayment of housing provident fund loans are relaxed, and are not limited by quota, time and frequency. The borrower can settle the loan in advance at any time without charging the borrower any fees, while commercial loans generally charge a certain penalty.

Eight, can be used as a pension. After employees retire, they can withdraw all the principal and interest balance of the housing provident fund at one time with the relevant supporting materials of retirement, which has a certain guarantee effect on employees' later life. Employees who have not paid the housing provident fund are giving up such an important welfare.

By paying the housing provident fund, employees can realize their housing dreams through housing provident fund loans, and the unit has better fulfilled its social responsibilities, laying a solid foundation for future development.

legal ground

Regulations on the administration of housing provident fund

essay

The housing accumulation fund paid by individual employees and the housing accumulation fund paid for employees by the unit where the employees work belong to individual employees.

Article 26

Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses.

The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities.

The risk of housing provident fund loans shall be borne by the housing provident fund management center.