It can be used to buy a house or rent a house, apply for a provident fund loan, or decorate or renovate a house. At the same time, when life is difficult, it can be used as living expenses or as a treatment fee for major diseases. In addition, when you leave or retire, you can also directly withdraw it and act as a small treasury.
There are still many single-family houses, and housing funds can be used to build and transform such houses. Go to the local provident fund center for withdrawal procedures and pay the required materials. After acceptance, the account balance can be withdrawn, but it is worth mentioning that the withdrawal amount cannot exceed the actual cost.
The use of housing provident fund loans is usually the first choice for employees and friends to buy a house. Not only will the interest rate be much lower than that of commercial loans, but the longest loan period is 30 years, while commercial loans are only 10 years, so their economic pressure will not be so great. And in terms of repayment, the way is more flexible. Property buyers can decide the repayment amount by themselves, and arrange the expenditure reasonably every month, but it shall not be lower than the minimum standard of the bank.
Of course, housing provident fund can also be withdrawn as the down payment for house purchase, which can effectively alleviate the pressure on employees to buy houses. If an employee owns his own property and his children have no room, he can also withdraw it to buy a house for his children with the consent, but only if he has not applied for a loan before can he be eligible for withdrawal.
In addition, the housing provident fund is still used for renting houses, but the withdrawal amount cannot exceed the rent or the account amount. Workers with poor families, belonging to low-income households or poor households, can withdraw housing provident fund for living expenses, improve family status and improve quality of life. At the same time, employees who resign, lose their labor force and retirees can withdraw housing provident fund by providing relevant materials.
I hope the above answers are helpful to you.