How to use the housing provident fund?

Use of housing provident fund:

1. When buying a house without a loan, it can be withdrawn at one time; if buying a house with a commercial loan, it can be withdrawn as a down payment; if buying a house with a commercial loan, it can be withdrawn to repay the principal and interest; if buying a house with a provident fund loan, it can be withdrawn to repay the principal and interest.

2. Renting, which is used to pay the rent of economic rental housing with rent allocation or government rent subsidy, and to pay the rent of market rental housing.

3. If a family member suffers from a serious illness or major surgery and is hospitalized, the employee and his spouse can apply for withdrawal of the housing provident fund, and the application date should be within one year from discharge, and the total amount withdrawn should not exceed the expenses borne by the individual.

4. The minimum living allowance or special hardship can be withdrawn, and the employees can be included in the minimum living guarantee or special hardship support scope of this city. The employees themselves and their spouses can apply for withdrawal of housing provident fund, and the withdrawal amount shall not exceed the amount of housing provident fund before and after being included in the minimum living guarantee scope or special hardship assistance scope.

5. Withdraw the parents' provident fund to buy a house. If you don't use a housing loan to buy your own house, you can withdraw the parents' provident fund, use a personal housing loan from a commercial bank to buy your own house, and withdraw the parents' provident fund after paying the down payment.

6. For building, renovating or overhauling houses, and building, renovating or overhauling their own houses on rural collective land without using housing loans, employees and their spouses may apply to withdraw the amount of housing accumulation fund before and including the month when the building and repairing houses are approved, and the total amount of withdrawal shall not exceed the cost of building and repairing houses.

Extended information:

Characteristics of housing provident fund

(1) Universality, urban employees, regardless of the nature of their work units, family income and whether they have housing, must pay housing provident fund in accordance with the provisions of the Regulations;

(2) Mandatory (policy). If a unit fails to register the deposit of housing provident fund or set up housing provident fund accounts for its employees, the housing provident fund management center has the power to order it to be handled within a time limit. If it fails to do so within the time limit, it can be punished according to the relevant provisions of the Regulations and may apply to the people's court for compulsory execution;

(3) Welfare, in addition to the housing provident fund paid by employees, the unit should also pay a certain amount for employees, and the interest rate of housing provident fund loans is lower than that of commercial loans;

(4) Repayment: the paid housing provident fund will be returned to the individual employee if the employee retires, retires, or completely loses the ability to work and terminates the labor relationship with the unit, or moves out of the household registration or settles abroad.

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