1. If you have money on your housing provident fund card, why can’t your mortgage be deducted?

A provident fund card is generally a bank card and can be used as a bank card. When you have a mortgage, if it is a pure provident fund loan, you only need to deposit the loan amount that needs to be repaid every month into the provident fund card before the repayment date.

If it is a purely commercial loan or a combination loan, the card used for repayment is generally issued separately by the lending bank (if it happens to be the bank that issued the provident fund card, it may also be a provident fund card) , then the loan amount that needs to be repaid must be deposited into the repayment card every month before the repayment date. At this time, the provident fund card is usually only used as a bank card for withdrawing provident funds. You cannot repay the mortgage by depositing money into it (unless you repay the loan) The card happens to be a provident fund card).

2. If the housing provident fund loan deduction is unsuccessful, will it be deducted a second time?

Yes. If the provident fund deduction fails, a second deduction will be made. The provident fund loan deduction procedure is an automatic deduction business set up by the bank. As long as the first deduction is not successful, the system will automatically initiate a second deduction. To put it simply, whether the bank's computer system automatically deducts the money, it will deduct it again later

The deduction time for provident fund loans is the order of monthly account balance and repayment card amount. If the provident fund If the account balance is sufficient for deduction, no more money will be deducted from the bank card and kilometers will be deducted.

General provident fund loans will only be deducted once on the monthly repayment date, and will be deducted twice before the loan is paid off, even on the principle of deducting the amount until the amount due for the month is deducted. The payment will be subject to recovery.

Is the second deduction of provident fund considered overdue?

Provident fund loans will be deducted twice, but they will be made after the repayment date. In addition, there is no grace period for provident fund loans. Even if they are paid off later, as long as the prescribed repayment period is exceeded, It will also be considered overdue, and in addition to charging penalty interest, it will also affect your credit report.

The bank will report it to the central bank’s credit reporting system. After the credit reporting is updated, it will appear on the provident fund loan record. Then the number will continue to be higher and higher. It will become more and more difficult to apply for loans or credit cards, or even directly. Denied loan.

In short, provident fund deductions can only be repaid after the repayment date has passed. It is best to check whether there is enough money to deduct when repaying, and if there is insufficient money, promptly

3. Why has the housing provident fund loan not been deducted when I bought a house with a housing provident fund loan?

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You'd better ask the bank if the provident fund should be deducted first?

Generally, if you apply for provident fund recharge and loan repayment, the provident fund will be directly deducted.

4. There is money in my provident fund card, but the deduction fails.

In this case, you need to consult the provident fund center. But you have to submit such an application first (if the provident fund is insufficient, then the bank card will be deducted first). Every month, the provident fund will send a text message to inform (free of charge) how much the provident fund will deduct from the loan this month, or if the provident fund card balance is insufficient, the bank card will be deducted successfully. , etc. are very detailed, including the monthly repayment of principal and interest