Provident Fund is a housing provident fund, a housing savings and loan scheme for employees.

The provident fund has the following main purposes: 1. Purchase a house. The provident fund can be used to purchase a house, including down payment, loan and house decoration.

If you are buying a house with property rights, you can use the provident fund and your own housing provident fund for the loan part; 2. Pay the rent. If you are a renter, you can use the provident fund to pay the rent; 3. For decoration, the provident fund can be used

To renovate your own house; 4. Medical expenses, if you need to pay for medical expenses, you can use the provident fund to pay part or all of the expenses; 5. To repay loans, the provident fund can be used to repay loans, including commercial loans and provident fund loans.

The documents required to apply for provident fund are: 1. Housing provident fund payment certificate of the applicant and his spouse; 2. Identity certificate of the applicant and his spouse (referring to resident ID card, permanent residence booklet and other valid residence documents), and documents proving marital status; 3.

Proof of stable economic income of the family and other proofs of claims and debts that have an impact on repayment ability; 4. Valid supporting documents such as contracts and agreements for purchasing a house; 5. Collateral, list of pledges, ownership certificates and dispositions used for guarantees

Proof that the right holder agrees to the mortgage or pledge, and a mortgage valuation certificate issued by the relevant department; 6. The Provident Fund Center requires a third-party guarantor to provide guarantee and pay the guarantee fee. The borrower, lender and third-party guarantor***

Sign a tripartite contract.

7. Other information required by the Provident Fund Center.

The process for applying for provident fund is: 1. Submit an application. First, go to the local housing provident fund management center window and submit an application for withdrawal of provident fund.

2. Submit information. Applicants need to submit some information, including ID card, household register, bank card, etc.

3. For review, the staff will review the applicant's information. If the information is incomplete or there are questions, the applicant will be notified to submit it.

To sum up, the provident fund is a housing savings and loan plan provided to employees. It can be used to purchase a house, pay rent, decorate, pay medical expenses, etc., and has many uses.

Legal basis: Article 24 of the "Regulations of the People's Republic of China on the Administration of Housing Provident Fund" 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.