Provident fund hedge repayment refers to the repayment process of offsetting housing provident fund loans with the balance in individual housing provident fund accounts.

Hedging repayment through provident fund can reduce the repayment pressure of lenders and improve the efficiency of capital use.

I. Understand the conditions for hedging repayment of provident fund.

First of all, the lender needs to ensure that there is enough balance in his housing provident fund account to pay part or all of the loan repayment. At the same time, the lender also needs to meet the relevant conditions of the provident fund hedging repayment, such as the loan has been issued and repaid normally for a period of time.

Second, apply for provident fund hedging owing on the loan

Eligible lenders can apply to the housing provident fund management center or the loan bank for fund hedging and repayment. When applying, you need to provide personal identification, housing provident fund account information, loan contract and other related materials.

Three. Review and confirmation

The housing provident fund management center or loan bank will review the lender's application to confirm whether its account balance is sufficient and whether it meets other conditions for hedging repayment. After approval, the lender will be informed of the specific amount and method of hedging repayment.

Fourth, the implementation of provident fund hedging repayment.

Once approved, the housing provident fund management center or the loan bank will deduct the corresponding balance from the lender's housing provident fund account at the agreed time and manner to offset the repayment amount. Lenders do not need additional operations, but only need to ensure that the account balance is sufficient.

Verb (abbreviation for verb) monitoring and adjustment

Lenders need to pay close attention to their housing provident fund account balance and loan repayment in the process of fund hedging repayment. If you find that the account balance is insufficient or you need to adjust the repayment plan, you should contact the housing provident fund management center or the loan bank in time to ensure the smooth repayment.

To sum up, the process of hedging repayment of provident fund includes the following steps: understanding the conditions, applying, checking and confirming, implementing hedging repayment, and monitoring and adjusting. Through this process, the lender can more conveniently use the balance in the personal housing provident fund account to offset the repayment amount of the housing provident fund loan, reduce the repayment pressure and improve the efficiency of fund use.

Legal basis:

Regulations of People's Republic of China (PRC) Municipality on Housing Provident Fund

Article 24 provides that:

"Employees may withdraw the storage balance in the employee housing provident fund account under any of the following circumstances: (1) purchasing, building, renovating or overhauling their own houses; (2) retirement; (three) completely lose the ability to work, and terminate the labor relationship with the unit; (4) Having left the country to settle down; (5) Repaying the principal and interest of the house purchase loan; (six) the rent exceeds the prescribed proportion of family wage income. In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account will be included in the value-added income of the housing provident fund. "