As a social welfare system, provident fund has been widely used in modern society, one of which is to use provident fund to handle small loans. Compared with bank loans, provident fund loans can enjoy lower interest rates and are more convenient to obtain loans. However, this method also needs to meet certain conditions, such as a certain provident fund deposit record and a certain balance in the provident fund account.
Under what circumstances can I withdraw the provident fund? According to the Regulations on the Management of Housing Provident Fund, the circumstances in which individuals can withdraw the provident fund include: buying self-occupied housing, medical treatment for serious illness, unemployment or laid-off, retirement, etc. In addition, it can also be used to pay the interest and down payment of individual housing loans.
It is an economical, convenient and fast way to handle small loans by using provident fund, and it has also been strongly supported by policies. However, when handling loans, we need to pay attention to whether our own conditions meet the requirements, and at the same time, we need to conscientiously fulfill our contractual obligations and repay them in full and on time to avoid bringing unnecessary economic pressure to ourselves.
Legal basis:
"Regulations on the Administration of Housing Provident Fund" Article 19 The housing provident fund can be used as a source of funds for repayment of principal and interest. To repay the loan with the housing provident fund, a personal loan contract for the housing provident fund shall be signed, and the loan shall be paid off within the repayment period.