1, online processing. Log in to Hubei Office app Provident Fund for processing;

2. Offline processing:

(1) Application: If the extractor applies for using the housing provident fund, it shall be verified by the unit to which it belongs and a certificate of extraction shall be issued;

(2) Handling procedures: the extractor shall go to the center with the unit certificate and corresponding extraction materials for approval and extraction procedures;

(3) Waiting for notification: after receiving the extraction application and related materials from the extractor, the center shall make a decision on whether to approve the extraction within 5 days from the date of acceptance and notify the extractor; Not allowed to avoid, it shall inform the reason;

(4) Withdrawal: After the withdrawal application is approved by the center, the payer will withdraw the housing provident fund from the bank designated by the center with his identity certificate.

The impact of housing provident fund is as follows:

1, which will affect the amount of provident fund loans. The amount of provident fund loan is calculated according to the account balance within the maximum limit required by the local housing provident fund management center. The balance of the provident fund account will directly affect the loan amount. The lower the balance, the lower the loan amount;

2. There are certain reasons for withdrawing housing provident fund. If the user withdraws the housing accumulation fund on the grounds of renting a house, then the user will not be able to rent a house again to withdraw the accumulation fund within two years;

3. It will affect the appraisal of the second suite. Those with housing records, loan records or housing accumulation fund records can be identified as second suites, which will directly lead to an increase in the down payment ratio when handling mortgages.

To sum up, to apply for withdrawal, first of all, employees need to go to the housing provident fund management center where they are located to apply for withdrawal, which will be audited by the unit and approved by the housing management center. After approval, the loan can be released.

Legal basis:

Article 24 of the Regulations on the Management of Housing Provident Fund

In any of the following circumstances, the employee may withdraw the storage balance in the employee 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.