Can shops use housing provident fund loans?
No. Since shops are commercial in nature, housing provident funds cannot be used for purchases or loans. But you can make a slight change, that is, buy low-rise residential buildings facing the street. These low-floor residential buildings can be used as storefronts, and the land is not commercial in nature, so you can use the housing provident fund.
Legal Basis
"Housing Provident Fund Management Regulations"
If employees have any of the following circumstances, they can withdraw the balance in the housing provident fund account: 1. Purchase , Build, renovate, or overhaul self-occupied housing; 2. Retire or retire; 3. Completely lose the ability to work and terminate the labor relationship with the unit; 4. Move abroad to settle; 5. Repay the principal and interest of the self-occupied housing loan; 6. , renting a house for self-occupation; (employees and their spouses who do not own their own houses in Beijing and live in public rental housing or commercial housing can withdraw the housing provident fund of both spouses to pay the rent.) 7. Living in difficulty and receiving the urban minimum living standard 8. Those who encounter emergencies that cause serious difficulties in family life; 9. Those who work in cities and terminate their labor relations with their units; 10. Those who are sentenced, sentenced or have reached the national statutory retirement age during their employment or upon expiration of their sentences ;11. Death or declaration of death; If an employee withdraws the housing provident fund under the circumstances 1, 5, 6, 7, and 8 of Article 4 of these Measures, the spouse can withdraw the housing provident fund from his or her account at the same time.
Warm reminder
The above answers are only based on the current information and my understanding of the law. Please refer to it with caution!
If you still have questions about this issue, it is recommended that you sort out the relevant information and communicate with professionals in detail.
Can provident fund loans be used to buy shops?
Provident funds cannot be used for loans to buy shops. Shops are commercial in nature and are not self-occupied residences. Therefore, they cannot enjoy the relevant loan policies for residential buildings, and employees who have paid housing provident funds are not allowed to use provident fund loans to purchase shops.
Legal Basis
Article 26 of the "Housing Provident Fund Management Regulations"
Employees who pay housing provident funds shall not When living in housing, you can apply for a housing provident fund loan from the Housing Provident Fund Management Center. 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.
Can provident fund loans be used for shops?
If you apply for a personal housing provident fund loan from the Bank of China in Shenzhen, you cannot apply for a provident fund loan to purchase shops and office buildings. Provident fund loans cannot be applied for non-residential properties. Since the policies and requirements for handling personal housing provident fund loans vary among housing provident fund management centers in various regions, please consult the provident fund loan business outlet or the local provident fund management center for details.
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Can provident funds be used to buy shops?
Shops are a type of commercial housing. According to the relevant provisions of provident fund loans, commercial housing cannot be purchased with provident fund loans. If you want a loan to purchase a shop, the borrower can apply for a specialized commercial housing loan from the bank. As long as you meet the requirements for a general housing loan, you can basically apply. The loan amount is generally up to 50% of the house price, which means at least 50% of the down payment is required; the maximum loan period for commercial housing is generally no more than 10 years. If necessary, you can directly consult your local bank. Legal Basis: 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: (1) Purchasing, constructing, renovating, or overhauling a self-occupied house; (2) Retired or retired; (3) Completely lost the ability to work and terminated the labor relationship with the unit; (4) Settled abroad; (5) Repaid the principal and interest of the house purchase loan; (6) 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, 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. Article 26 Employees who have paid housing provident funds may apply for housing provident fund loans from the Housing Provident Fund Management Center when purchasing, constructing, renovating, or overhauling their own homes. 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.