Business Guide (for Employee)-Shanghai Housing Provident Fund Website

I. Scope of Application:

Any employee that meets the following terms may apply to withdraw the balance of his/her Shanghai HPF account for the repayment of a non-local housing loan:

1. The employee has purchased a self-owned self-occupied residence in Wujiang District of Suzhou City or Jiashan County of Jiaxing City and has obtained (a) local housing loan(s) (both HPF loans and commercial loans are applicable).

2. The withdrawal application is submitted by the principal borrower himself/herself and his/her spouse.

3. The withdrawal applicant and his/her spouse have no HPF loans, no entrusted withdrawal for housing loan repayment and no other withdrawal services in effect in Shanghai.

4. The withdrawal applicant and his/her spouse have no self-owned housing in Shanghai.

II. Application Materials:

(I) First-time application for the withdrawal

1. Original identity proof documents:

(1) If the application is submitted by the applicant himself/herself, his/her identity certificate shall be provided.

(2) If the application is submitted by the entrusted party:

①If the entrusted party is the entrusting party’s spouse/parent/child, then the documents required include the entrusting party’s and the entrusted party’s identity certificates, a power of attorney issued by the entrusting party, and the papers that can prove the relationship between the entrusting party and the entrusted party, such as their household register, marriage certificate, and the household registration certification issued by a public security organ.

②If the entrusted party is not the entrusting party’s spouse/parent/child, then the entrusting party’s and the entrusted party’s identity certificates and a power of attorney notarized by a notary office shall be provided.

(3) If the applicant is identified by a people’s court as an individual incapable of civil conduct or with limited civil conduct capacity, the application shall be submitted by the applicant’s guardian. The documents required include the court judgment declaring the applicant’s incapability of civil conduct or limited civil conduct capacity, the applicant’s and the guardian’s identity certificates, and the proof of guardianship (court judgment, household register, marriage certificate, etc.)

2. Original documents that prove the withdrawal reason:

(1) Proof of the relationship between the withdrawer and the principal borrower.

(2) The real property ownership certificate of the purchased residence (including the original property ownership certificate) (the advance-notice registration certificate for a property under construction).

(3) The loan contract.

(4) The voucher of the applicant’s housing loan repayment for the month of application.

3. A Chinese-funded bank debit card opened in the applicant’s name. (It is recommended to bring a Class-I account debit card of the bank.)

(II) Second-time application for the withdrawal

1. Original identity proof documents:

(1) If the application is submitted by the applicant himself/herself, his/her identity certificate shall be provided.

(2) If the application is submitted by the entrusted party:

2. Proof of the relationship between the withdrawer and the principal borrower.

3. The voucher of the applicant’s housing loan repayment for the month of application.

4. A Chinese-funded bank debit card opened in the applicant’s name. (It is recommended to bring a Class-I account debit card of the bank.)

III. Service Method:

Offline:

Service outlets of the Shanghai Provident Fund Management Center

IV. Processing Period:

Not more than three working days if the formalities are complete.

V. Notes:

If the service requires to retain certain copies of the applicant’s identity proof documents, the documents shall be scanned, printed or copied by handling staff of the HPF service outlet on behalf of the applicant.