The provident fund repayment method for commercial loans is as follows: 1. First, you need to apply to the local housing provident fund management center to withdraw a provident fund loan.

Generally speaking, applicants need to provide relevant materials, such as loan application, ID card, house purchase contract, house evaluation report, etc.; 2. Secondly, according to the provident fund loan amount and commercial loan balance, the provident fund loan will be directly transferred to the commercial loan account

in order to achieve the purpose of provident fund repayment of commercial loans.

The use of provident funds to repay commercial loans requires meeting certain conditions, such as the time for depositing provident funds, the balance of provident funds, the balance of commercial loans, etc.

In addition, once a provident fund loan is transferred to a commercial loan account, it cannot be withdrawn again, so you need to seriously consider whether to use the provident fund to repay commercial loans.

The specific procedures for payment of provident fund are as follows: 1. The unit must go to the municipal management center to register for housing provident fund payment and deposit; 2. The unit must go to the bank where it is located to complete the procedures for setting up a housing provident fund account for its employees based on the deposit registration form reviewed by the municipal management center.

; 3. After completing the above procedures, the unit can deposit the approved amount of employee housing provident fund into the special housing provident fund account opened by the municipal management center in the bank within 5 days from the date of monthly payment of employee wages; 4.

For a newly established unit, the unit shall go to the Municipal Management Center to register for housing provident fund payment and deposit within 30 days from the date of establishment, and shall go to the bank where the unit is located with the registration form reviewed by the Municipal Management Center within 20 days from the date of registration.

Employees should go through the procedures for establishing a housing provident fund account; 5. Units that undergo mergers, divisions, cancellations, dissolutions, bankruptcies, etc. should go to the Municipal Provident Fund Management Center within 30 days from the date of the occurrence of the above circumstances to handle changes in housing provident fund deposits or cancel registration.

And within 20 days from the date of registration, take the registration form reviewed by the Municipal Management Center to the bank where the unit is located to handle the transfer or sealing of the housing provident fund account for the employees of the unit; 6. Units that newly hire employees or terminate labor relations with employees should

Within 30 days from the date of hiring an employee or the date of termination of the labor relationship with the employee, go to the bank where the unit's housing provident fund account is opened to handle the procedures for the establishment, transfer, and sealing of the employee's housing provident fund account; in summary, payment of the housing provident fund is compulsory.

When a unit hires employees, it must register with the Housing Provident Fund Management Center within 30 days from the date of recruitment, and handle the procedures for the establishment or transfer of employee housing provident fund accounts.

If a unit terminates the labor relationship with an employee, the unit shall register the change with the Housing Provident Fund Management Center within 30 days from the date of termination of the labor relationship, and handle the transfer or sealing procedures for the employee housing provident fund account.

Legal basis: Article 37 of the "Housing Provident Fund Management Regulations" violates the provisions of these Regulations and fails to register the payment and deposit of housing provident funds or fails to complete the procedures for establishing housing provident fund accounts for the employees of the unit, the Housing Provident Fund Management Center shall order it to be completed within a time limit.

; If the application is not handled within the time limit, a fine of not less than RMB 10,000 but not more than RMB 50,000 will be imposed.

Article 38 If an unit violates the provisions of these regulations and fails to pay the housing provident fund overdue or underpays the housing provident fund, the housing provident fund management center shall order the unit to pay the deposit within a time limit; if the unit still fails to pay the deposit within the time limit, it may apply to the People's Court for compulsory enforcement.