What is the biggest use of provident fund? What conditions do I need to meet if I want to withdraw the provident fund?

The biggest use of provident fund is housing loan, and you can enjoy the most preferential treatment according to the corresponding interest rate. Compared with commercial loans, the interest rate of provident fund loans has dropped a lot, and the monthly loan difference is the most direct income. If you want to withdraw the provident fund, under normal circumstances, you can provide corresponding certificates and withdraw the provident fund in time when you buy a house, terminate the labor relationship with the company, or transfer your household registration such as immigration and retirement. Provident fund is a kind of guarantee for housing, which can be given certain preferential treatment. Housing accumulation fund is a housing security policy for employees of relevant units, but compared with other independence, housing accumulation fund has the characteristics of long-term and mutual benefit. For example, employees' housing loans, if they choose provident fund loans, the difference in interest rates can give employees certain benefits and directly reduce their economic burden. And if you are a double employee, you can also increase the loan amount, which is the most direct and critical welfare for employees.

In fact, the provident fund is generally not suitable for withdrawal. After all, relative to the purpose of withdrawal, the biggest role of provident fund is to meet housing loans and help people enjoy the best welfare. However, according to the situation of different people, some people don't need to borrow money, so they need to withdraw it on time. Under normal circumstances, the housing accumulation fund, as its name implies, is used to deal with housing-related matters. If the employee decorates or purchases or repairs himself, and all the licenses related to the house meet the requirements, he can withdraw them in time, but the quota will be limited. Depending on the situation, different standards have different quota restrictions.

Other circumstances, need to provide the corresponding proof. If it is not a house decoration, it can be divided into normal resignation and retirement. This is a very normal situation. Once the labor contract is terminated, the housing provident fund institution will also put it on record, and employees can apply for withdrawal after a specified time, usually half a year. If you are an immigrant or a household registration, you must provide proof in time, such as a certificate of going abroad or some materials of household registration. After approval, you can withdraw the provident fund. At present, in the era of developed network information, the withdrawal business of provident fund can basically be handled online, which saves our time to the greatest extent.

According to personal wishes, interest is calculated without withdrawal. Some people may choose to keep it for later use. In fact, the balance of the provident fund account can also be retained. Under normal circumstances, the interest will be calculated for you according to the current interest rate. After all, many people are anxious when handing over their jobs, and want to deal with the provident fund separately in the future, which reflects the welfare and safety of the provident fund. They can take it out when necessary, and they don't need to deposit it to accumulate interest.

Provident fund seems to have no obvious effect. In fact, you are not in the right place, especially when buying a house. Provident fund loans can also be combined with commercial loans to form a portfolio loan, which can reduce the trouble for your housing funds and reasonably alleviate your urgent needs. I suggest you know more about the provident fund policy and make a good plan for yourself.