How to repay provident fund loans?

There are two main ways to repay a provident fund loan:

1. Use your own cash to repay the loan in a savings card every month to repay the loan;

2. Authorize the "Provide Fund Center" to allocate your own provident fund balance on a monthly basis for loan repayment.

It is very simple to choose the first method to repay the loan, which is to deposit the money on the savings card used to repay the loan every month; if you choose the second method to repay the loan, you can use your own provident fund account to repay the loan. If you want to repay the loan monthly, you need to submit an application after completing the loan procedures, fill out the "Application Form for Authorization to Transfer Housing Provident Fund on a Monthly Repayment Loan" and submit it at the same time. Then you can complete the repayment of your provident fund with the balance of your provident fund account. Got a loan. Professional knowledge on provident fund loan repayment

1. Account balance loan repayment

The account balance loan repayment business process is applicable to the provident fund part of the provident fund repayment (composition) loan. It is a business process that can directly use the excessive amount of provident fund balance to offset the loan amount.

The account balance loan repayment process has no time, frequency, or limit limits. There is no contract penalty, and the oversized offset refers to the principal and interest of the provident fund loan. Even if a couple applies for a loan alone, they can use their provident fund balance to offset the loan amount.

To handle account balance repayment, you only need to prepare these elements: identity documents of the employee and the other half; housing provident fund cards of the employee and the other half; marriage certificate or household registration booklet of the same household; recent loan repayment voucher or IOU.

In addition, it should be noted that for provident fund (composition) loans handled by China Construction Bank, not only can the balance of the provident fund be used to offset part of the provident fund loan, but also part of the mortgage loan. Whose balance is used, I must be present and cannot act on behalf of the company. Loans from other banks cannot be processed.

2. Business process for early repayment of oversized cash loans

The business process for early repayment of oversized cash loans handled by the Provident Fund Center is applicable to the provident fund portion of the repayment provident fund (component) loan. If the borrower has liquid assets on hand, the provident fund balance is insufficient, and there is still a need to repay the loan, it is highly recommended to choose this type of loan repayment method.

There are no time, frequency or limit limits on repaying a loan in advance for a large amount of cash. You only need to deposit cash into your bank card deduction account and go to the provident fund center bank counter with your ID card to apply. If you need to represent a company, the person who represents the company must present your valid ID and the identity document of the principal lender.

There is no penalty for early repayment of a large amount of cash. What is returned in early repayment is the principal and interest of the loan. However, it should be noted that the application for early repayment of large amounts of cash requires that no loan is currently overdue, and the application date is not the same as the loan repayment date.

3. One-time account cancellation and withdrawal of provident fund

Provident fund can be withdrawn from account at one time. Specifically, the following situations may occur:

(1 ) who apply for retirement can obtain housing provident funds and cancel their housing provident fund accounts, but employees who apply for early retirement policy pension services or retire cannot obtain housing provident funds.

(2) Household registration transfer, such as relocation of household registration to a local location, cancellation of household registration and emigration abroad, termination of labor contract, etc. The cancellation of provident fund withdrawals is similar to the cancellation of withdrawals from bank accounts. After handling provident fund withdrawals, you only need to fill in the account cancellation withdrawal application report according to the requirements for provident fund withdrawals and submit it to the competent department for provident fund withdrawals.

4. Dad’s provident fund can help his son buy a house

If you want to buy a house for your single adult child, the employee who deposits the housing provident fund is not a co-purchaser, and you can also apply in the name of the depositor. The bottom line for applying for a housing provident fund loan is this: If my son’s provident fund is insufficient for a loan to buy a house, but my own provident fund is sufficient, I can apply for a provident fund loan in my name, but my son’s name is signed on the house purchase contract.

What are the procedures and specific steps for withdrawing housing provident fund?

With the current liberalization of national policies, the provident fund has also undergone large-scale changes. Now, if you want to apply for the provident fund, you only need to meet the criteria, and you can apply for any disease. If you want to apply for a provident fund after resigning, usually if the employee re-employs locally after resigning, the original unit should ask the employee to go through the housing provident fund preservation procedures, and then the unit manager should go through the online service hall (enterprise version) or personally. The accounting business process handler's business outlet handles the migration procedures.

When you are not re-employed after resigning, you can generally solve the problem in the following two ways: first, transfer to the standardized management of centralized depositories, and the procedures are basically the same as the local re-employment procedures for laid-off employees; then, for If the requirements for the labor relationship between non-local registered employees and the employer are met, the account cancellation withdrawal can be processed.

There are many related conditions required when withdrawing provident funds. Obtaining provident funds should be based on existing documents, and if reasonable, legal and reasonable proof can be provided in accordance with regulations, you can consult your own company and submit an application to obtain your own housing provident fund account. The balance of the savings account in the account: those who are the first to retire or retire on their own; those who purchase, build, demolish, and repair their own homes to live in; those who are completely unemployed or severely disabled. This is one of the most common situations for individuals and their families. If the main members have difficulty living at home due to serious illness or major accidents, they can submit an application to the relevant department. Steps to Withdraw Housing Provident Fund

Obtaining provident fund also requires certain procedures. First, the unit manager applies for the housing provident fund withdrawal application report and cash (transfer) bank draft at the bank counter service point. When the employee applies for housing provident fund, he should provide relevant supporting documents to the enterprise in accordance with regulations. After the enterprise completes the verification, fill in the housing provident fund. Provident fund withdrawal application report and cash (transfer) bank draft, and stamped with the bank's reserved seal. When employees whose housing provident fund accounts are in the centralized accounts of the management office obtain housing provident funds, they should bring relevant supporting materials directly to the bank in the business hall of the management office. Apply at the counter.

When obtaining the housing provident fund, employees are required to bring the housing provident fund according to regulations, obtain the application report and relevant certification materials, and apply for obtaining the housing provident fund at the bank counter service point; after the staff approves the employee's relevant information and accepts it, they will handle it for the employee. For provident fund withdrawal approval, print out the review receipt form and give it to the employee for confirmation, and hand a copy of the approval receipt form and the original supporting documents to the employee; withdraw the housing provident fund and transfer it to the employee's own housing provident fund joint credit card savings account.