Good news! You don't know that the seven functions of the housing provident fund are all here.

How to buy a house from housing accumulation fund. I'm afraid everyone doesn't know about other uses of the provident fund, such as decoration, renting, and paying property fees. Let's take a look at it for everyone.

After the interest rate cut, the provident fund loan came again! In recent years, the Ministry of Housing and Urban-Rural Development, the Ministry of Finance and the People's Bank of China jointly issued the Notice on Adjusting the Low Down Payment Ratio of Individual Housing Loans of Housing Provident Fund, which reduced the low down payment ratio from 30% to 20% for households with/kloc-0 housing units and having settled the corresponding housing loans.

One of the "five insurances and one gold" refers to the housing accumulation fund.

One gold is actually the provident fund, generally referring to the company's provident fund, which is the amount of funds reserved by the company outside the capital. According to whether the retention of provident fund is legally mandatory, provident fund can be divided into statutory provident fund and arbitrary provident fund.

In addition, the housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-funded enterprises, urban private enterprises and other urban enterprises, institutions and their employees.

Why does everyone want to find a job with a housing provident fund?

This question is actually very simple. When you know the function of provident fund, you will also want to use it to find a job! It is not difficult to see from the name that the housing accumulation fund mainly acts on housing, such as buying a house or even renting a house. If you feel that you don't need to buy a house or rent a house, you can withdraw cash directly. This can be said to be a popular explanation!

What is the function of housing provident fund?

Buy a house:

If you don't borrow money to buy a house, you can withdraw the provident fund at one time; Commercial loans can draw provident fund for down payment; Commercial loans to buy a house can be withdrawn from the provident fund to repay the principal and interest; Provident fund (portfolio) loans can be used to withdraw provident fund to repay principal and interest.

Rent a house:

It can be used not only in public rental housing in the renting country, but also in rental housing in the market.

Parents buy houses for their children:

Parents can use the housing provident fund if they have not used it before when buying a house for their children. Use personal housing loans from commercial banks to buy free housing, and parents' provident fund can be withdrawn after paying the down payment. You can also use the personal housing provident fund loan to withdraw your parents' provident fund after buying a house.

Cancel the account and withdraw all the balance.

For example, those who retire, want to go abroad, or lose their ability to work, have received unemployment insurance benefits, have worked outside their local areas, and have paid provident fund locally. If the account has been transferred to the centralized storage account for two years or the labor relationship with the original unit has been terminated for two years, you can apply for cancellation of the account and withdraw all the balance of the housing provident fund.

Treat major diseases

Family members (including employees themselves, spouses and minor children) suffering from major illness or major surgery hospitalization, 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.

Included in the extraction and use of low-income or poor areas.

Workers are included in the scope of urban residents' low living security or poverty relief, and employees themselves and their spouses can apply for withdrawal of housing provident fund, and the amount of withdrawal does not exceed the amount of housing provident fund before being included in the scope of low living security or poverty relief.

Construction, renovation and overhaul of housing

Those who build, renovate or overhaul their own houses on rural collective land and use housing loans may also apply for drawing provident fund to build houses.

(The above answers were published on 20 17-06- 15. Please refer to the current actual purchase policy. )

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