1. Loan target: qualified employees and retired employees;
2. Use of the loan: it is used to purchase owner-occupied housing, overhaul or transform owner-occupied housing;
3. Loan amount: no more than 70% of the balance of the provident fund account;
4. Repayment period: the longest repayment period is no more than 30 years, and the specific repayment period depends on the purpose and amount of the loan;
5. Interest rate: implement the benchmark interest rate of bank loans for the same period, which is currently 4.65%;
6. Repayment method: The borrower can choose from various repayment methods such as equal principal and interest repayment and equal principal repayment;
7. Application conditions: The specific application conditions are determined according to local policies and regulations. Generally, the following conditions need to be met: having a household registration in this city or paying the provident fund continuously in this city for more than 1 year, and having no bad credit record.
The process of applying for provident fund is as follows:
1. Understand relevant policies and requirements: Before applying for provident fund, employees need to understand the policies and requirements of local provident fund, including the requirements of application conditions, withdrawal amount and application materials;
2. Preparation of application materials: employees need to prepare materials needed to apply for provident fund, including their ID card, household registration book, work certificate, provident fund account information, etc.
3. Fill in the application form: employees need to fill in the application form for provident fund withdrawal, and fill in the relevant information and application amount on the form;
4. Submit application materials: the employee will submit the completed application form and related materials to the local provident fund management center, or apply online through the online processing system;
5. Review the application materials: the provident fund management center will review the application materials of employees, and if it finds that the materials are incomplete or do not meet the requirements, it will ask employees to supplement or modify them;
6. Withdrawal application approval: if the employee application materials pass, the provident fund management center will approve the employee withdrawal application, and then remit the withdrawal amount to the bank account designated by the employee;
7. Withdrawal amount: After receiving the withdrawal remittance from the provident fund management center, the employee can withdraw the corresponding amount from the designated bank or his bank account.
To sum up, the application process and specific requirements of provident fund in different regions and units may be different, and the specific process needs to be determined according to local relevant regulations and policies. When employees apply for provident fund, they shall apply and review in accordance with the prescribed procedures and requirements to ensure that the applied funds are legal and compliant.
Legal basis:
The "Regulations" of People's Republic of China (PRC) city housing provident fund management sixteenth.
The monthly deposit amount of employee housing provident fund is the average monthly salary of the employee in the previous year multiplied by the deposit ratio of employee housing provident fund. The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.
Article 17
The new employee starts to pay the housing provident fund from the second month after joining the work, and the monthly payment amount is the employee's own salary multiplied by the employee's housing provident fund payment ratio. The newly transferred employees of the unit shall pay the housing provident fund from the date when the transferred employees pay their wages, and the monthly deposit amount shall be the employee's monthly salary multiplied by the employee's housing provident fund deposit ratio.