Provident funds can be offset against commercial loans every month.
Instructions for applying for provident fund monthly offset loan repayment: 1. Provident fund monthly offset loan repayment means that the user uses the provident fund account balance of himself and other direct blood relatives to offset his own loan repayment.
2. The monthly offset loan repayment amount cannot exceed the monthly loan principal and interest repayment amount.
3. Provident fund hedging can save interest, but funds from the provident fund account need to be withdrawn every month to repay the mortgage.
Provident fund application process: 1. Deposit and account opening: Individuals first need to go to the local provident fund management center to handle deposit and account opening procedures. They need to bring their ID cards, household registration books and other relevant documents and information; 2. Deposit: Individuals can make deposits based on their own circumstances and needs.
A certain proportion of salary or total salary is deposited as required every month.
The deposit amount is generally paid by individuals and units respectively; 3. Account balance inquiry: individuals can know the balance and payment status of their provident fund account at any time through the local provident fund management center or online inquiry; 4. Withdrawal business: when an individual
When you need to withdraw provident fund, you can prepare relevant certification materials according to different withdrawal reasons and requirements, and go to the local provident fund management center to go through the withdrawal procedures; 5. Apply for a loan: If an individual needs to apply for a housing provident fund loan, he can go to the housing provident fund loan according to his own situation and needs.
When applying for a loan at the local provident fund management center, you need to bring relevant documents and information, such as a house purchase contract, income certificate, etc.; 6. Other business: Individuals can also handle other business at the provident fund management center, such as changing personal information, making additional provident fund payments, etc.
To sum up, there may be differences in housing provident fund policies and business procedures in different regions. It is recommended to understand the local policy regulations and operating procedures in advance for better operation.
Legal basis: Article 8 of the "Housing Provident Fund Management Regulations" Municipalities directly under the Central Government and cities where the people's governments of provinces and autonomous regions are located, as well as other cities divided into districts (prefectures, prefectures, leagues), shall establish a housing provident fund management committee as the decision-making body for housing provident fund management
.
Among the members of the Housing Provident Fund Management Committee, the person in charge of the people's government and the heads of relevant departments such as construction, finance, and the People's Bank of China, as well as relevant experts account for 1/3, trade union representatives and employee representatives account for 1/3, and unit representatives account for 1/3.
The director of the Housing Provident Fund Management Committee shall be a person with social credibility.