The method of using the provident fund to offset the mortgage principal is as follows:

1. First, confirm the balance of the provident fund account and communicate with the loan bank to determine the available amount of the provident fund and the offset method.

2. submit an offset application to the provident fund management center, and provide relevant materials such as house purchase contract and bank repayment certificate.

3. after the approval of the provident fund management center, the offset amount will be credited to the loan account to reduce the loan principal.

materials for paying back the housing accumulation fund:

1. Personal identification: original and photocopy of valid certificates such as ID card and passport;

2. application form: you can get it at the provident fund management center or the personnel department of the unit, download and print it, fill it out completely and sign it;

3. Historical deposit certificate: provide the recent (usually the last six months) deposit certificate of provident fund, which proves the deposit situation and the amount owed;

4. Details of arrears calculation: details of arrears and calculation formulas are required, including arrears of principal and interest;

5. proof of salary or bank statement: provide proof of salary or bank statement for the last 6 months to prove income and payable amount;

6. other materials: if you need to provide other supporting materials, such as business license and tax registration certificate, you should provide the original and photocopy.

to sum up, different regions and banks may have different regulations and operation methods for offsetting the mortgage principal with provident fund, and the specific operation needs to be carried out according to local regulations and bank requirements. At the same time, the amount of mortgage repayment after offset will be reduced accordingly, but the loan term and interest rate will not change.

Legal basis:

Article 2 of the Regulations on the Management of Housing Provident Fund

The unit shall pay the housing provident fund in full and on time, and shall not pay it late or underpay.

For units that have real difficulties in paying housing provident fund, after discussion and approval by the workers' congress or trade union of the unit, review by the housing provident fund management center and approval by the housing provident fund management committee, the payment ratio can be reduced or deferred; After the economic benefits of the unit improve, the deposit ratio will be increased or the overdue payment will be postponed.