What's the use of the provident fund if you don't buy a house
; ? In addition to buying a house, the scope of use of the provident fund can also be used to purchase, build, renovate or overhaul self-occupied housing; Repaying the principal and interest of the owner-occupied housing loan; Living in difficulties, is receiving the urban minimum living allowance; It is a very practical social fund that meets unexpected events and causes serious difficulties in family life. Moreover, many banks have unsecured credit loans related to the provident fund. As long as the deposit has been made continuously for more than one year, and the individual's monthly deposit amount is more than 5 or 6, he can directly apply for a credit loan at a bank outlet. With the record of housing provident fund deposit, you can get a loan of up to 5, yuan without any mortgage, with the shortest period of one year and the longest period of three years. What's the use of provident fund not buying a house?
It's useful. If you don't buy a house, the provident fund can also be used for building and repairing houses, and it can also be used as living funds when you encounter difficulties in your life. The specific circumstances that you can withdraw the provident fund include: (1) buying, building, renovating or overhauling your own house; (2) Retired; (three) completely lose the ability to work, and terminate the labor relationship with the unit; (4) Having left the country to settle down; (five) to repay the principal and interest of the owner-occupied housing loan; (6) Renting independently; (seven) living in difficulties, is receiving the urban minimum living allowance; (eight) in the event of an emergency, causing serious difficulties in family life; (nine) migrant workers, and the unit to terminate the labor relationship; (1) Being sentenced to death, life imprisonment or fixed-term imprisonment at the expiration of the term of office and reaching the statutory retirement age of the state; (eleven) dead or declared dead. Is it useful not to buy a house provident fund?
Yes. 1. If you don't buy a house, you can apply for provident fund loans. Provident fund loans can be used for personal consumption such as buying a car and decorating, but they can't be used for investment and financial management such as buying stocks and funds. If the bank finds that the loan is not used properly, it will recover the loan in advance, and it may leave a stain on the credit.
2. At present, many banks have launched provident fund credit loans. Provident fund credit loans have nothing to do with provident fund loans. They are a kind of credit loans launched by banks for users who have paid provident fund, and no mortgage or guarantee is needed. The application conditions for provident fund credit loans are determined by banks themselves, and each bank is slightly different. Under normal circumstances, it is enough to meet the requirements of a certain provident fund deposit period and monthly deposit amount. However, as a form of credit loan, the longest service life of provident fund credit loan is generally 3 years.
Legal basis
Article 24 of the Regulations on the Administration of Housing Provident Fund, employees may withdraw the balance of their housing provident fund accounts under any of the following circumstances: (1) purchasing, constructing, renovating or overhauling their own houses; (2) Retired; (three) completely lose the ability to work, and terminate the labor relationship with the unit; (4) Having left the country to settle down; (five) to repay the principal and interest of the house 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 will be included in the value-added income of the housing provident fund.