The monthly payment of provident fund loans can be offset by the balance of provident fund. After handling the provident fund loan, the lender can directly handle the provident fund hedging business and directly use the provident fund contract to repay the monthly loan. When the balance of the provident fund is insufficient, the lender needs to replenish funds in time to repay the monthly payment to avoid repayment failure. In addition, provident fund hedging can also be divided into monthly hedging and annual hedging. Monthly loan is the repayment amount deducted from the mortgage every month, and annual loan is deducted once a year to repay part of the loan principal in advance.
How to repay the loan with the balance of provident fund?
1. The client goes to the bank where the account is opened or logs in to the housing provident fund website to download the Application Form for Housing Provident Fund Loan with Entrusted Deduction (hereinafter referred to as the Application Form) and fill in relevant information truthfully;
2. Fill in the relevant information in the Application Form filled in by the entrusting unit and affix the reserved seal of the unit provident fund;
3. The client holds the application form, the original and photocopy of the ID card, and the passbook (card) of bank savings repayment to the bank where the account is opened to handle the authorization procedures for entrusted deduction and repayment, and sign the power of attorney.
Treatment conditions:
1. The customer's housing provident fund deposit account is in normal or sealed state (excluding accounts in centralized custody, freezing or account cancellation state);
2. The bank savings repayment account used by the borrower to repay the provident fund loan has been successfully deducted and repaid more than 1 time through the housing provident fund information system.
2. Can the balance in the provident fund account be deducted directly from the loan?
After the individual housing loan is established, the borrower will use the funds in this city's provident fund account to repay this city's loan.
Loan repayment application conditions:
Buy owner-occupied housing with ownership in this city;
The main lender and spouse have no other provident fund loan debts and repayment business;
Banks that handle loan business have loan repayment business.
Note: The applicant may be the principal lender, the principal lender's spouse or the principal lender's lineal blood relatives.
Ways to repay provident fund loans:
One-time repayment method (year-by-year repayment): a way to withdraw the balance of housing provident fund at one time to repay the loan balance, recalculate the monthly repayment amount, and continue the monthly repayment. (only once a year);
Priority must be given to repaying the principal of provident fund loans. Provident fund loans are settled, and the principal of commercial loans is automatically repaid.
Monthly repayment method (monthly repayment): the method of directly extracting the principal and interest of the housing loan in the current month from the borrower's housing provident fund account. (You can withdraw cash every month. If the balance is insufficient, it should be replenished in time. Withdrawal of housing provident fund can also be used to repay commercial loans).
3. Can the balance of the provident fund be deducted directly from the monthly payment?
Absolutely. 1, which can be put forward once, but only once or twice a year; You can also ask the bank to withhold it every month. As long as you have money in your account, you can deduct it from it first, and then make up it with cash when it is not enough for your monthly payment. 2. You can also apply for monthly repayment. Monthly repayment method: the monthly repayment method refers to the method of directly extracting the principal and interest of the current month's housing loan from the borrower's housing provident fund account. 3. Deal with the annual loan repayment. Annual repayment: One-time repayment means to withdraw the balance of housing provident fund to repay the loan balance in one lump sum, recalculate the monthly repayment amount, and continue the monthly repayment. How to choose the repayment method: 1 and "annual repayment" can only be applied once a year, while "annual repayment" can be understood as partial prepayment once a year, which is more suitable for customers with large balance in provident fund accounts and low cash pressure, and can repay more principal at one time, which can effectively reduce the total repayment interest. be filled/suffused/brimming with
4. Can the balance of Shanghai provident fund be deducted directly from the monthly payment?
The balance of the provident fund can be deducted from the monthly payment, which refers to the method of directly extracting the loan principal and interest of the current month from the customer's provident fund account every month. When the amount of the withdrawn provident fund is insufficient, the client shall make up the repayment amount in time. This way can not only offset the principal and interest of provident fund loans, but also offset the principal and interest of commercial loans.