What is the new housing provident fund policy?

Legal analysis: if you purchase a house and withdraw the housing accumulation fund, you can withdraw the housing accumulation fund with the purchase procedures or vouchers filed by the real estate transaction or real estate registration department, as well as the invoices and deed tax payment vouchers issued by the tax authorities within 2 years after the purchase. The total amount withdrawn should not exceed the amount paid at the time of purchase. Before the settlement of the housing provident fund loan, the balance of the deposit account of the borrower (including the borrower who has issued the loan certificate in different places and handled the loan in other housing provident fund management institutions) and his spouse can only be used to repay the principal and interest of the housing provident fund loan, and shall not be withdrawn for other reasons. The first is the deposit ratio. The lower limit of the contribution ratio of unit and individual housing provident fund is 5%, and the upper limit is 12%. The specific deposit ratio is chosen by the units and individuals themselves. In principle, only one unit can be selected for the same unit, and the individual deposit ratio should be equal to or higher than the unit deposit ratio. The deposit ratio is an integer multiple of 1%.

Legal basis: Regulations on the Management of Housing Provident Fund

Article 3 The housing accumulation fund paid by individual employees and the housing accumulation fund paid by the unit where employees work for employees belong to individual employees.

Article 5 The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and no unit or individual may use it for other purposes.

Twenty-sixth 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.

Twenty-seventh applicants for housing provident fund loans shall provide guarantees.