Calculation formula of Xiamen provident fund loan amount

The calculation formula of Xiamen provident fund loan amount is: housing provident fund deposit base 1.235% loan period+housing provident fund account balance flow adjustment coefficient.

It should be noted that the maximum amount of Xiamen provident fund loans does not exceed 20 times the balance of individual provident fund accounts, and the maximum amount of housing provident fund loans for both husband and wife is 800,000.

Provident fund withdrawal process:

1. Submit application: individuals need to submit the Application Form for Withdrawal of Housing Provident Fund and related supporting materials to the local provident fund management center to apply for withdrawal of provident fund. Different application materials need to be submitted for different extraction reasons, such as the purchase contract, house property certificate and other materials required for buying a house, the lease contract and house lease materials required for paying rent;

2. Review materials: the provident fund management center reviews the application materials of individuals to confirm whether the personal identity, withdrawal reasons, withdrawal amount and other related information meet the requirements;

3. Approval: If the approval is passed, the provident fund management center will notify the individual and transfer the withdrawal amount to the bank account designated by the individual;

4. Inquire about the balance of provident fund account: individuals can inquire about the balance of personal provident fund account and extract records and other information through the online inquiry system and mobile APP provided by the provident fund management center.

To sum up, the use of housing provident fund to buy a house loan needs to meet certain conditions, such as the need to meet local regulations and the loan amount needs to be within a certain range.

Legal basis:

Article 25 of the Regulations on the Management of Housing Provident Fund

If the employee withdraws the balance stored in the housing provident fund account, it shall be verified by the unit where he works and a certificate of withdrawal shall be issued.

Workers apply to the housing provident fund management center for withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or disapprove the withdrawal, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures.