Wuhan Housing Provident Fund Management Center stated that the balance in the personal provident fund account cannot be directly used as the down payment. People need to raise the down payment when buying their own houses. The current policy is to withdraw the provident fund to pay the house price.
That is to say, when people buy a house, they pay the prescribed down payment, sign a purchase contract with the developer, and then after the contract is filed by the real estate department, they can withdraw the provident fund to offset the purchase price with the filing contract.
For example, Mr. Luo has a provident fund account of 200,000. He bought a house of 1 10,000. Because it is a second suite, he wants to pay 600,000 yuan with a down payment of 60%. After the contract is filed, 200,000 yuan in the account can be transferred to the developer's account according to the contract to pay the house payment.
However, it should be noted that after using the balance of the provident fund account, Mr. Luo will not be able to apply for a provident fund loan this time. The principle of provident fund loans is that "withdrawal of balance and application for loans cannot be carried out at the same time".
Extended data:
Nanchang Housing Provident Fund Management Center said that when employees repay loans, they do not need to raise funds in advance. As long as they handle the hedging loan repayment business, they can directly offset the personal housing provident fund loan with the balance of the existing personal housing provident fund account.
Employees can use the balance of their own accounts to repay loans and loans. Housing provident fund "hedge repayment" is a repayment method for employees who have applied for Nanchang housing provident fund loans. In the process of repayment, they use the balance of the borrower and the borrower's housing provident fund account to offset the repayment amount.
Phoenix. Com- the balance of the provident fund account can offset the house payment, but the loan cannot be made after the offset.
Phoenix. Com- Nanchang provident fund has a new policy: the balance of the account can directly offset the loan.