How can the provident fund be used besides applying for a mortgage?

How to use the housing provident fund after buying a house first

Legal analysis: First, if you buy a house with a commercial loan first, and then the work unit starts to pay the housing provident fund, then the housing provident fund paid by employees can be used when they want to buy a second suite in the future, and then they can apply for a provident fund housing loan. Provident fund housing loans generally require continuous deposit of housing provident fund for more than 6 months, and you can apply for normal deposit of the provident fund account in the current month.

Second, because the interest rate of provident fund loans is generally lower than that of commercial loans, it is often more cost-effective to apply for provident fund loans than commercial loans. Of course, customers can also choose to apply for portfolio loans. And customers can also apply for provident fund loan repayment business, and use the funds in the provident fund account to offset the housing loan. Handling annual offset means offsetting the principal once a year; Handling monthly payment means repaying the principal and interest in installments every month.

Three, provident fund can also be used for the construction, renovation and overhaul of owner-occupied housing. Houseless households can withdraw provident fund to pay rent; If you are in financial difficulties, such as families enjoying subsistence allowances, you can also withdraw provident fund to subsidize families. Or you can apply for withdrawal of provident fund to repay the loan with the purchase contract.

Legal basis: Article 24 of the Regulations on the Management of Housing Provident Fund: In any of the following circumstances, employees may withdraw the storage balance in their housing provident fund accounts:

(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.

How to borrow provident fund loans without buying a house? You can apply for other channels.

; ? After employees join the company, the company needs to pay a certain percentage of personal provident fund to employees every month according to the regulations. Provident funds can be used for many purposes. In addition to loans, they can also pay rent and install elevators. The amount of provident fund loans generally depends on the balance. How to borrow provident fund loans without buying a house? You can apply for other loan channels!

How to borrow provident fund loans without buying a house?

Provident funds can also be loaned without buying a house. However, the provident fund is not to buy a house, but to be used as a loan. If the lender is short of funds for self-built or renovated housing, users can directly apply to the local housing provident fund management center for self-built housing or renovated housing to apply for provident fund loans. In addition, if the lender is renovating the house, he can also apply for a provident fund renovation loan.

It should be noted that provident fund loans should not only meet the conditions of provident fund loans, but also need to choose products that need provident fund loans. If it is a decoration loan, you need to apply for a provident fund decoration loan, otherwise it will not be passed.

Housing consumption extraction: buying self-owned housing such as commercial housing, private property housing, affordable housing and price-limited commercial housing; Building, renovating or overhauling self-owned houses on rural collective land; Repaying the principal and interest of self-owned housing loans; Employees without housing and loans rent houses.

When applying for housing provident fund loans, the loan applicant must have relatively stable economic income and repayment ability, and there are no other outstanding debts that may affect the repayment ability of housing provident fund loans. When employees have other debts, it is risky to lend to housing provident fund, which violates the principle of safe operation of housing provident fund.

The above is the sharing of "how to borrow provident fund loans without buying a house", I hope it will help everyone!

What can I do to buy a house in first-and second-tier cities besides using the provident fund?

1. Pay the rent. For those who are still in the stage of renting, they can apply for drawing housing provident fund to pay the rent under the condition that they, their spouses and minor children have no housing with their own property rights within the administrative area of this Municipality.

2. Repair the shell. Housing provident fund can be used for the construction and overhaul of self-occupied housing owned by me. Don't get me wrong, it doesn't actually apply to ordinary house decoration. Only when your house is identified as dangerous and seriously damaged by the Housing Appraisal Bureau can you use the housing provident fund to replace important parts and carry out maintenance works for your house.

3. Treat major diseases. If the payer, spouse or child suffers from serious illness, in addition to medical insurance, he may apply for withdrawal of provident fund to pay for treatment. Guangxi, Tianjin, Chongqing, xi, Qinhuangdao, Changsha and other places have similar regulations at different times.

4. Immigration. If the payer chooses to settle abroad or in Hong Kong, Macao and Taiwan, he may apply for cancellation of the provident fund account and withdraw the balance of the provident fund account at one time.

5. Difficult families. If the family suffers from major accidents, such as earthquake, fire, car accident and other personal accidents, resulting in special difficulties for the family, it may apply for withdrawal of housing provident fund.

6. Pay the mortgage. If you buy a house with a loan, the provident fund can be used to repay the house purchase loan, including commercial housing mortgage loan, provident fund loan and portfolio loan. Provident fund withdrawal application can only be withdrawn once a year. You can choose the repayment method that suits you according to your own situation, and reasonably apply for repayment from the provident fund.

In Beijing, in addition to applying for a mortgage, what can I do with the provident fund?

; ? No matter who lives in Beijing or in which city, when buying a house, they may consider applying for a provident fund housing loan from the bank because they don't have enough money on hand. Then you know, besides applying for a mortgage, what can the provident fund be used for?

First of all, let me talk about the problem of buying a house with a loan. As we all know, if you choose to buy a house in Beijing and pay the full amount in one lump sum instead of applying for a loan, you can withdraw the provident fund in one lump sum. When applying for a commercial loan to buy a house, you can withdraw the provident fund to pay the down payment, or you can withdraw the provident fund to repay the principal and interest. Of course, if you convert a commercial loan into a provident fund loan, you can also withdraw the provident fund to repay the principal and interest.

According to the news, after Shenyang applies for a provident fund loan to buy a house, the provident fund will not be directly withdrawn, but will be directly used to repay the loan. In view of this measure, I don't know whether Beijing will continue to withdraw the provident fund for other purposes after the provident fund loan, but it is understood that Beijing should not introduce a new policy for the time being.

Under what circumstances can I withdraw the provident fund to do other things?

Provident funds can be used to treat serious diseases. If your family members (including employees themselves, spouses and minor children) are hospitalized due to major diseases or major operations, employees themselves and their spouses can apply for withdrawal of housing provident fund. The application date should be within 1 year from the date of discharge, and the personal burden of the total hospitalization expenses should be withdrawn. Workers are included in the minimum living guarantee for urban residents or poor relief, workers and their spouses can apply for withdrawal of housing provident fund, but the withdrawal amount shall not exceed the amount of housing provident fund before being included in the minimum living guarantee or poor relief.

We are also more concerned about whether housing can be withdrawn from the provident fund, and the answer is yes. In rural collective land construction, renovation, overhaul of their own housing, the use of housing loans, workers and their spouses can apply for withdrawal of provident fund amount before the month of building approval (including the month), and the total withdrawal shall not exceed the cost of building.

The situation that the above-mentioned provident fund can be withdrawn may not be very comprehensive. Every city has different standards for withdrawing the balance of provident fund. If necessary, you can consult the provident fund management center accordingly. I think that since there is a provident fund, it should be fully and reasonably used, instead of making it the only way for us to apply for a mortgage.