In order to facilitate borrowers to withdraw housing provident funds to repay loans and better provide employees with efficient and high-quality services, with the consent of the Zhanjiang Housing Provident Fund Management Center, starting from September 1, 2010, the housing provident fund business outlets of ICBC Zhanjiang Branch opened personal

Entrusted self-service transfer of housing provident funds to repay housing loans on a monthly basis, qualified citizens can submit entrusted withdrawal applications to the Municipal Housing Provident Fund Management Center.

The personal entrusted automatic transfer of provident fund loan repayment business refers to a "smart" repayment method in which the borrower entrusts the bank to transfer funds from his or her housing provident fund account to the loan repayment account on a monthly basis to repay the principal and interest of the personal housing loan.

If an employee pays housing provident fund at ICBC Zhanjiang Branch and applies for a housing provident fund loan or commercial personal housing loan at the bank, using the equal principal and interest repayment method, and if there is no overdue loan principal and interest at the time of application, he or she can apply to the Municipal Housing Provident Fund Management Center

Entrusted withdrawal application.

When applying, you need to submit the following supporting materials (original for reference and one copy): ID card, housing provident fund passbook, loan contract, recent repayment records (printed by the lending bank), mortgage passbook or savings card, credit card (dual currency)

(Except for credit cards), proof of marital status (to be provided by the borrower’s spouse when applying).

In recent years, the real estate industry in our city has developed rapidly, and the quality of life of citizens has improved, setting off a wave of house buying craze. Withdrawing housing provident funds for loan repayment has always been an issue that banks, real estate developers and provident fund loan customers pay close attention to.

In the past, every time an employee withdrew a provident fund, he had to go back and forth between the bank, his/her employer and the Municipal Housing Provident Fund Center (Administrative Service Center). If the procedures were not complete, the customer would have to go back and forth several times.

Now that ICBC has officially launched the automatic withdrawal and repayment business of office provident funds, employees in our city only need to sign the "Individual Entrusted Automatic Transfer and Repayment Agreement" with the trustee bank and obtain the approval of the Housing Provident Fund Management Center to realize automatic withdrawal for borrowers.

Transferring the housing provident fund to repay the loan monthly eliminates the application and approval procedures required for monthly withdrawals for loan repayment, simplifies the withdrawal procedure, and saves employees a lot of valuable time.