As you all know, the buy-a-room of a Provident Fund loan is an option for many people, but before we buy a house with a Provident Fund, we all have to draw from the Housing Fund Management Centre. What material do you need to prepare for the withdrawal of the Shanghai Provident Fund

What kind of material does Shanghai need for the SPF

First of all, you need to have your own valid identity card, which shows you have the right to draw on the Provident Fund. If this is to be done by the Chargé d ' affaires, an additional letter of authority with a stamped signature from you and a copy of the trustee ' s identity card is required。

If you want to buy a new house, you need a title certificate for the house or a signed contract for the purchase and payment. If a second-hand house is purchased, a certificate of title to the house is required to be prepared for the tax due. If you plan to build or reconstruct a house, then you need to prepare the approval documents of the planning department and the proof of payment。

If you intend to repay the principal and interest on the loan with a public deposit, you need a registered contract for the purchase of the house, a loan contract and a certificate of repayment from the bank。

AND HOW DO YOU PAY FOR IT? IN FACT, BOTH INDIVIDUALS AND COMPANIES CONTRIBUTE 1:1. THE RATE OF CONTRIBUTION IS DETERMINED BY THE COMPANY ITSELF AND CAN BE ADJUSTED WITHIN THE RANGE OF 5% TO 12%. THE PROVIDENT FUND MANAGEMENT CENTRE WILL DETERMINE THE CONTRIBUTION BASE OF THE PROVIDENT FUND ON THE BASIS OF THE SALARIES OF LOCAL EMPLOYEES. IN SIMPLE TERMS, THE RATE OF CONTRIBUTION OF THE PROVIDENT FUND CAN REACH 10% TO 24% OF THE BASE AMOUNT。

So, if you're in Shanghai trying to draw on the Provident Fund, make sure you have the relevant materials ready, which will help you to complete the application faster and more smoothly。