Purpose 1. Buying a house by loan is the most common use of provident fund. Many people choose to use provident fund loans to buy houses, mainly because the interest rate of provident fund loans is relatively low, far lower than that of commercial loans;

Use 2: Withdraw cash to buy a house. If you don't use the provident fund loan to buy a house, you can withdraw the money from the provident fund as the down payment of the house. If you don't buy a house, you can also withdraw the money from the provident fund at one time;

Usage 3: house decoration and decoration will cost a lot of money, and the provident fund can also play a great role at this time;

The fourth purpose is to pay the rent. As long as you have paid the provident fund for three consecutive months, renters can apply for withdrawal of the provident fund.

Usage 5: Pay medical expenses for serious illness. This function may not be known to many people. When a person with a housing provident fund account suffers from a serious illness, individuals and their families can withdraw the housing provident fund for disease treatment.