First, the housing provident fund can offset commercial loans. If you haven't applied for the housing provident fund loan, you can also go through the repayment procedures of the provident fund loan, and use the stored balance in the provident fund account to offset the commercial loan by repaying the loan in part or in whole in advance. Second, the loan repayment application conditions: to 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 can be the principal lender, the principal lender's spouse and the principal lender's immediate family members. Materials required for loan repayment: housing provident fund account number; Identity card; Proof of marriage relationship; Household registration book; The latest loan repayment certificate of the borrower. Note: If the borrower applies for changing or terminating the business of withdrawing housing provident fund loans, the original client shall carry the loan contract.
Provident fund offset loan
Repayment with provident fund means repayment of housing loans with the balance of the borrower's provident fund, including commercial loans and portfolio loans. To repay the loan, three conditions need to be met: (1) purchase the owner-occupied housing with all the property rights in this city (only ordinary housing with 70-year property rights is allowed, and commercial housing with 50-year property rights is not allowed). (2) The principal lender and spouse have no other provident fund loan debts and repayment business. (3) Banks that handle loan business have loan repayment business. These materials need to be prepared before handling: housing provident fund account number, ID card, marriage certificate, household registration book and borrower's latest loan repayment certificate. Prompt 1: Loan repayment requires an appointment with a domestic bank in advance, and the processing period should not exceed 3 days. Before handling, you need to confirm the repayment method, that is, choose "annual repayment" or "monthly repayment". Annual repayment: withdraw the balance of housing provident fund to repay the loan balance in one lump sum, recalculate the monthly repayment amount and continue to repay it monthly, only once a year. Monthly payment: directly withdraw the provident fund from the borrower's housing provident fund account every month to repay the principal and interest of the current month's housing loan. You can withdraw it every month, and you should replenish it in time when the balance is insufficient. Tip 2: When the portfolio loan is repaid, the housing provident fund loan is given priority. Finally, the provident fund of the borrower's immediate family and spouse can also participate in the repayment of the loan. The order is to offset the balance of the borrower's provident fund first. If the balance is insufficient, it can be offset by the provident fund of relatives and spouses.
How about grabbing housing provident fund loans every year? Housing provident fund loan, which is better, annual loan or monthly loan?
Comparatively speaking, the total loan interest generated by "annual rush" is less than that generated by "monthly rush".
Housing provident fund can be used for loans. However, many people may not know that housing provident fund loans are divided into annual loans and monthly loans. How about an annual loan? Housing provident fund loan, which is better, annual loan or monthly loan?
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 then repay it monthly.
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.
How to choose the repayment method of provident fund?
1, annual offset: one-time offset saves interest.
"Annual mortgage" can only be applied once a year, and the adoption of "annual mortgage" can be understood as partial prepayment once a year, which is more suitable for people with large balance in provident fund accounts and less cash pressure, and can effectively reduce the total repayment interest.
"year rush", also known as one-time repayment method. Different from "monthly repayment", "annual repayment" directly offsets the loan principal with all the balance in the provident fund account. According to the provisions of the provident fund, the "annual rush" must give priority to repaying the principal of the provident fund loan, that is to say, only after the principal of the provident fund loan is fully repaid can the principal of the commercial loan be reduced or exempted. In fact, the "year rush" method is an early repayment, which saves most of the interest on provident fund loans. At the same time, this method is more suitable for buyers with large balance in provident fund account and little pressure on cash expenditure at the initial stage of loan.
The provident fund stipulates that the use of "annual mortgage" also needs to meet the following conditions: First, the housing loan must be over one year before it can be used to offset the principal; Second, under normal circumstances, the principal amount is offset against the repayment of not less than six months. In addition, after the "year rush", the loan principal will be reduced, and the corresponding monthly repayment amount will also be reduced accordingly. For those who have the ability to repay loans, they can change the repayment method in the bank, such as keeping the monthly repayment amount unchanged and shortening the repayment period, so as to achieve the purpose of saving interest.
"Annual repayment" is the priority to repay the principal of provident fund loans, and the principal of commercial loans can only be repaid after the provident fund loans are settled.
2. Monthly supply: It can reduce the pressure of monthly supply.
Monthly rush can be handled on any working day, which is suitable for people with high cash pressure in the early repayment period and can better alleviate the early repayment pressure.
"Monthly repayment", also known as the monthly repayment method, means that banks withdraw funds from the provident fund account every month to pay the principal and interest of housing loans. For most property buyers, the loan amount that a large provident fund can apply for is generally not enough to cover all mortgages, and the monthly provident fund income is generally less than the total monthly repayment. Therefore, the combination loan mode of provident fund plus commercial loans and the "monthly rush" mode of provident fund are the common choice of most people.
Comparatively speaking, the total loan interest generated by "annual rush" is less than that generated by "monthly rush". But in specific cases, we should choose according to the actual situation of individuals.
Annual loan conditions of Wuxi provident fund
The loan applicant shall pay the housing provident fund on time, in full and continuously within 6 months before the month of applying for the loan. The condition of Wuxi provident fund annual commercial loan is that the borrower pays the housing provident fund on time, in full and continuously within 6 months before the month of applying for the loan.
How to use the provident fund to repay the loan? What materials need to be prepared?
Repayment with provident fund means repayment of housing loans with the balance of the borrower's provident fund, including commercial loans and portfolio loans.
These materials need to be prepared before handling: housing provident fund account number, ID card, marriage certificate, household registration book and borrower's latest loan repayment certificate.
You need to make an appointment with a bank outlet (the bank corresponding to the provident fund account number) in advance to repay the loan, and the processing period should not exceed 3 days.
Before handling, you need to confirm the repayment method, that is, choose "annual repayment" or "monthly repayment".
Annual repayment: withdraw the balance of housing provident fund to repay the loan balance in one lump sum, recalculate the monthly repayment amount and continue to repay it monthly, only once a year.
Monthly payment: directly withdraw the provident fund from the borrower's housing provident fund account every month to repay the principal and interest of the current month's housing loan. You can withdraw it every month, and you should replenish it in time when the balance is insufficient.
The provident fund of the borrower's immediate family members and spouses can also participate in repayment. The order is to offset the balance of the borrower's provident fund first. If the balance is insufficient, it can be offset by the provident fund of relatives and spouses.
Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans.
The annual introduction of provident fund commercial loans ends here.