1. What is the housing provident fund used for? 1. The purposes of the housing provident fund are as follows: 1. Used to purchase, construct, renovate, and overhaul self-occupied housing; 2. Used to repay the principal and interest of the home purchase loan; 3. The rent exceeds the family salary income.

Pay the rent when the proportion is specified.

2. 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) Retirement or retirement; (3) Completely losing the ability to work and terminating the labor relationship with the employer; (4) Leaving the country to settle down; (5) Repaying the principal and interest of a house purchase loan; (6) The rent exceeds the family wage income regulations

proportional.

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with the provisions of items (2), (3) and (4) of the preceding paragraph, when the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time.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 25 If an employee withdraws the balance in the housing provident fund account, the employer shall verify it and issue a withdrawal certificate.

Employees should apply to the Housing Provident Fund Management Center to withdraw housing provident funds with the withdrawal certificate.

The Housing Provident Fund Management Center shall make a decision on whether to approve the withdrawal or not to allow the withdrawal within 3 days from the date of accepting the application, and notify the applicant; if the withdrawal is approved, the entrusted bank shall handle the payment procedures.

2. What is the process for individuals to apply for provident fund loans? The process for individuals to apply for provident fund loans is as follows: 1. After the borrower has prepared all the loan materials, go to the housing provident fund management agency for review and approval; 2. To purchase a first-hand existing house or a second-hand house, the application should be made to the provident fund center outlet

Apply and go through the loan procedures at the provident fund center outlet; 3. Entrust the bank to sort out the materials and go to the real estate transaction department to handle the mortgage and pledge procedures; 4. After the mortgage and pledge certificates are issued, the bank will sort out the borrower's materials and send them to the provident fund management agency for review and lending.