In Wuxi, you can use your housing provident fund to buy a car.

Uses of housing provident fund:

Purpose 1: House purchase

Provident fund can be withdrawn in one go for house purchase without loan; provident fund can be withdrawn for down payment for house purchase with commercial loan; commercial loan The provident fund can be withdrawn to repay the principal and interest when purchasing a house; the provident fund (combined) loan can be withdrawn to repay the principal and interest when purchasing a house.

Purpose 2: Construction, renovation and overhaul of housing

If you build, renovate or overhaul your own house on rural collective land and use a housing loan, employees and their spouses can apply to withdraw the funds to build a house and be approved. The total provident fund amount before the current month (including the current month) shall not exceed the cost of building a house.

Purpose 3: Rent a house

Use the provident fund to pay the rent of an economic rental house with rent or government subsidies; use the provident fund to pay the rent of a market rental house.

Purpose 4: Parents buying a house for their children

If you don’t use a housing loan to buy your own house, you can withdraw your parents’ provident fund; if you use a commercial bank personal housing loan to buy your own house, you can withdraw your parents’ provident fund after paying the down payment; if you use your personal housing provident fund ( Combination) Loan to purchase an owner-occupied house, and parents' provident fund can be withdrawn after paying the down payment.

Purpose 5: The entire balance can be withdrawn after canceling the account

Divorced or retired employees; Agricultural household registered employees who are over 60 years old for men and 55 years old for women; those who go to foreign countries, Hong Kong, Macao, and Taiwan Those who have settled in the area; those who have completely lost the ability to work, most of the ability to work, or are severely disabled and have terminated or terminated the labor relationship with the unit; those who receive unemployment insurance benefits; those who have been sentenced to a sentence, or whose household registration has been moved out of the city where they are located, or employees who have registered residence in a city other than the city where they are located and where they are If the unit terminates or terminates the labor relationship; if the housing provident fund account is transferred to a centralized sealing household for 2 years or the labor relationship with the original unit is terminated for 2 years; if the employee works outside the administrative area of ??the city and establishes and deposits the housing provident fund locally, the employee may Close the account and withdraw the entire provident fund balance.