It is still useful to pay the provident fund after buying a house. For example, you can buy a house with a provident fund loan, as long as you are qualified to buy a house. In addition, you can also withdraw the provident fund. If you buy a house with a loan, you can use the provident fund to repay the loan. Even if it is not used at all, the provident fund is the same money and there will be no loss.

Use of the Provident Fund:

First, the basic function of the provident fund: buying a house

1. If you apply for a provident fund loan to buy a house, you can withdraw the provident fund to repay the principal and interest;

2. To apply for a commercial loan to buy a house, you can withdraw the provident fund as the down payment for buying a house, or you can withdraw the provident fund to repay the principal and interest;

3. If you don't need a loan during the purchase process, you can also withdraw the provident fund at one time.

Second, children can withdraw their parents' provident fund when buying a house.

Provident fund can not only buy a house for yourself, but also buy a house for children.

1. If you apply for a provident fund housing loan to buy a house and live in it, you can withdraw your parents' provident fund to repay the principal and interest;

2. If you apply for a commercial loan to buy a house, you can withdraw your parents' provident fund as a down payment.

Three, major diseases can be extracted from the provident fund.

If a family member (not limited to the employee himself) is seriously ill, the employee himself and his spouse may apply for withdrawal of the provident fund.

The following two points are needed here:

1, and the application date should be within 1 year from the discharge date;

2, apply for withdrawal amount cannot exceed the personal burden of hospitalization expenses.

Four, the cancellation of the account can withdraw the provident fund.

In the following cases, you can close your account and withdraw all the balance of the provident fund:

1. Workers with agricultural household registration, male over 60 years old and female over 55 years old;

2. Retirement and resignation can apply for withdrawal of provident fund;

3. Completely losing the ability to work, mostly losing the ability to work or severely disabled, and terminating or dissolving the labor relationship with the unit;

4. Leave the mainland and settle abroad;

5, with the original unit to terminate the labor relationship for 2 years;

6. The housing provident fund account has been transferred to the centralized storage account for 2 years;

7. Receive unemployment insurance benefits;

8, was sentenced to punishment, the account moved out of the city, not the employees of the city account;

9. Work outside the administrative area of the city where you live and establish and pay the housing provident fund locally.

Five, low-income or poor families can withdraw provident fund.

Workers who are included in the scope of subsistence allowances or poor relief can apply for withdrawal of provident fund, but the withdrawal amount cannot exceed the scope of subsistence allowances or poor relief.

Six, the construction, renovation and overhaul of housing can be withdrawn from the provident fund.

Rural collective land renovation, construction or overhaul of self-occupied housing, you can apply for withdrawal of provident fund, but the total withdrawal does not exceed the cost of housing construction.

Seven, rental housing can be extracted from the provident fund.

1, affordable housing can be withdrawn from the provident fund;

2. You can apply for withdrawal of provident fund when renting ordinary housing.

Regulations on the administration of housing provident fund

legal ground

Article 26 of the Regulations on the Management of Housing Provident Fund

Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses.

The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities.

The risk of housing provident fund loans shall be borne by the housing provident fund management center.

Article 27

Applicants who apply for housing provident fund loans shall provide guarantees.