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What are the benefits of housing provident fund? What are the uses of housing provident fund

One of the five insurances and one fund refers to the housing provident fund. As we all know, the provident fund is an important welfare, which can be used for other purposes besides loans. So, what's the use of housing provident fund? Let's take stock of the four major uses of housing provident fund.

What are the uses of housing provident fund

1. Provident fund to buy a house. For many office workers, the unit will buy five insurances and one fund for you, and the provident fund can be used for loans. Whether it's ordinary housing rental or preferential rental housing provided by some countries, it can also help many people struggling in the city to reduce some living costs and reduce everyone's pressure.

2. Help relatives buy houses. Nowadays, housing prices are still high, and many young people can't afford to buy houses, so they can borrow their parents' provident fund. In addition, you can also purchase real estate with your parents. The purchase policies of each region are different. You need to go to the local provident fund center to learn about the situation. You can also call for consultation.

Benefits of housing provident fund

3. Withdrawal of provident fund. Under special circumstances, for example, if the partners leave the original unit, they can withdraw the provident fund from the original unit. After retirement, employees can apply to withdraw the provident fund. It is worth mentioning that now we can also withdraw the provident fund to pay the rent, which can be directly handled online.

4. In hospital. Some areas have policies. If there are some serious diseases in the family and it is difficult to raise enough funds for a while, then the provident fund can be used. The partners can submit the corresponding application and other documents according to the requirements, and then they can use them. The specific situation can be found out in the local provident fund center.