How can I pay off my provident fund to my credit card?

If the provident fund is not withdrawn, the balance of the provident fund cannot be directly used to repay the credit card. The provident fund has been withdrawn, and users can transfer cash to their credit cards for repayment. The interest rate for provident fund mortgage loans is lower than that of commercial loans. If users plan to borrow money to buy a house, they should not withdraw the provident fund at will. As for those who have used provident fund loans to buy a house, withdrawing the balance of the provident fund will not have any impact.

The balance of the provident fund account will directly affect the provident fund loan limit. When the provident fund loan limit is insufficient, you can apply for a combination loan.

Can I use a housing provident fund loan to repay the credit card?

If the credit card cannot be repaid, I cannot use a housing provident fund loan to repay the credit card. Housing provident fund loans can only be used for housing-related purposes. project loans. Personal housing provident fund accounts cannot be withdrawn on the condition of repaying credit cards.

According to Article 5 of the "Housing Provident Fund Management Regulations", the housing provident fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and no unit or individual may misappropriate it for other purposes.

Article 26 Employees who have paid housing provident funds may apply for housing provident fund loans from the Housing Provident Fund Management Center when purchasing, constructing, renovating, or overhauling their own homes. The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant; if the loan is granted, the entrusted bank shall handle the loan procedures. The risks of housing provident fund loans are borne by the housing provident fund management center.

Extended information:

Article 24 of the "Housing Provident Fund Management Regulations" If an employee has any of the following circumstances, he or she may withdraw the balance in the employee's housing provident fund account:

(1) Purchasing, constructing, renovating or overhauling self-occupied housing;

(2) Retired or retired;

(3) Completely losing the ability to work, and Terminating the labor relationship with the employer;

(4) Leaving the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(6) The rent exceeding the household limit prescribed proportion of salary income.

In accordance with the provisions of items (2), (3) and (4) of the previous paragraph, if the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time. If an employee dies or is declared dead, the employee's heirs or legatees can withdraw the balance in the employee's housing provident fund account; if there is no heir or legatee, the balance in the employee's housing provident fund account will be included in the appreciation income of the housing provident fund.