1. Can you use provident fund loans if you don’t want to buy a house? You can also use provident fund loans if you don’t want to buy a house. According to relevant regulations, in addition to buying a house, when we need to carry out large-scale decoration, reconstruction or renovation of the house we live in, we can also use it in these cases.
Use provident funds for loans.
We can bring our ID card and real estate certificate to the provident fund service hall, fill out the loan application form, and after passing the review of the provident fund management center, we can bring the relevant information and go to the bank to handle the loan procedures.
Article 24 of the "Housing Provident Fund Management Regulations" If an employee has any of the following circumstances, he or she may withdraw the balance in the employee's housing provident fund account: purchasing, building, renovating, or overhauling a self-occupied house; (2) retiring or retiring;
(3) Completely losing the ability to work and terminating the labor relationship with the employer; (4) Leaving the country to settle down; (5) Repaying the principal and interest of the house purchase loan; (6) The rent exceeding the prescribed proportion of family wage income.
In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, when the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time.
If an employee dies or is declared dead, the employee's heirs or legatees can withdraw the balance in the employee's housing provident fund account; if there is no heir or legatee, the balance in the employee's housing provident fund account will be included in the appreciation income of the housing provident fund.
2. Can you use provident fund loans if you don’t want to buy a house? You can also use provident fund loans if you don’t want to buy a house. According to relevant regulations, in addition to buying a house, when we need to carry out large-scale decoration, reconstruction or renovation of the house we live in, we can get loans in these situations.
We can go to the provident fund service hall, fill out the loan application form, go through the provident fund, bring relevant information, and go to the bank to handle the loan procedures.
Article 24 of the "Housing Provident Fund Management Regulations" If an employee has any of the following circumstances, he or she may withdraw the balance in the employee's housing provident fund account: purchasing, constructing, renovating, or overhauling a self-occupied house; (2) retiring or retiring;
(3) Completely losing the ability to work and terminating the labor relationship with the employer; (4) Leaving the country to settle down; (5) Repaying the principal and interest of the house purchase loan; (6) The rent exceeding the prescribed proportion of family wage income.
In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, when the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time.
If the employee dies or the beneficiary can withdraw the money from the employee and there is no legatee, the storage balance in the employee's housing provident fund account shall be included in the appreciation income of the housing provident fund.
3. If I didn’t use provident funds to buy a house, can I use provident funds to repay the loan?
OK.
The specific provisions are as follows: Article 24 of the "Housing Provident Fund Management Regulations" (State Council Order No. 350) If an employee has any of the following circumstances, he or she may withdraw the balance in the employee's housing provident fund account: (1) Purchase, construction, renovation, or overhaul
Those who live in their own homes; (2) Retired or retired; (3) Those who have completely lost the ability to work and terminated the labor relationship with the unit; (4) Those who left the country to settle; (5) Those who repay the principal and interest of the home purchase loan; (6) The rent exceeds
A prescribed proportion of family wage income.
Relevant provisions on provident fund loans: Article 26 of the "Housing Provident Fund Management Regulations" (State Council Order No. 350) Employees who have paid housing provident funds may apply to the Housing Provident Fund Management Center when purchasing, constructing, renovating, or overhauling their own homes.
Housing provident fund loan.
The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant; if the loan is granted, the entrusted bank shall handle the loan procedures.
The risks of housing provident fund loans are borne by the housing provident fund management center.
4. Can I get a loan without buying a house if I have provident fund? Provident fund loans can only be used to buy a house. Provident fund cannot be used for other loans.
The process for purchasing a house with a personal housing provident fund loan: 1. Preliminary review: The housing fund management center will conduct a preliminary review of the materials submitted by the applicant, including the applicant’s qualifications, loan amount, and loan period. After passing the preliminary review, the center will issue a "Collateral Review"
Assessment Notice".
2. Appraisal: The applicant takes the "Collateral Review and Appraisal Notice" to the appraisal agency designated by the center to appraise the value of the house purchased.
Affordable housing does not require an assessment.
3. Review: Applicants should go to the center for loan review with the "Evaluation Report" issued by the assessment agency and the preliminary review materials required by the center.
If qualified, the center will issue a "Housing Fund Management Center Guaranteed Entrusted Loan Investigation Notice".