1. Buy the first self-occupied house: eligible employees can withdraw the housing accumulation fund to buy the first self-occupied house. The withdrawal amount shall not exceed the actual amount paid by the employee himself and his spouse (husband and wife) for purchasing the first self-occupied housing in Huanggang City.
2. Mortgage repayment: eligible employees can withdraw housing provident fund to pay off commercial housing loans when buying a house. The withdrawal amount shall not exceed the amount actually paid by employees and their spouses (husband and wife) for commercial housing loans when they purchase housing in Huanggang City.
3. Renting: Eligible employees can withdraw housing provident fund for renting. The withdrawal amount shall not exceed the actual payment amount of the employee and his spouse (husband and wife) renting a house in Huanggang City.
4. Serious illness medical treatment: eligible employees can withdraw housing provident fund to pay their own or their spouses, children and parents' serious illness medical expenses. The withdrawal amount shall not exceed 50% of the employee housing provident fund account balance.
It should be noted that the withdrawal of housing provident fund needs to meet the following conditions:
1. Deposit for one year: employees need to deposit in the housing provident fund account for one year before they can withdraw the housing provident fund.
2. No bad records: employees need to have no bad records in the housing provident fund account before they can withdraw the housing provident fund.
3. Other conditions: Depending on the extraction conditions, other conditions may need to be met. For example, the purchase of the first self-occupied house needs to meet the relevant area and price restrictions.
The above are the conditions for the withdrawal of housing provident fund in Huanggang City. If in doubt, please consult the local housing provident fund management department or professional lawyer.
Legal basis:
Article 24 of the Regulations on the Management of Housing Provident Fund
In any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account:
(a) the purchase, construction, renovation and overhaul of owner-occupied housing;
(2) retirement;
(three) completely lose the ability to work, and terminate the labor relationship with the unit;
(4) Having left the country to settle down;
(5) Repaying the principal and interest of the house purchase loan;
(six) the rent exceeds the prescribed proportion of family wage income.
In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.