April and September. The annual mortgage of provident fund means that in two specific time periods, April and September, users with large balance of provident fund account can apply for a mortgage repayment in advance. Users can apply on any working day, but only once a year. By handling the annual loan repayment, users can repay more loan principal at one time, thus reducing the total loan interest.

Annual loan is suitable for users with large balance in provident fund account, so they can take this opportunity to repay part of the loan principal in advance and reduce the loan interest expense. However, it should be noted that the annual ticketing can only be handled within a specific period of time, and there is only one opportunity every year.

How many ways to repay the loan?

There are two ways to repay the loan from the provident fund, annual rush and monthly rush.

Annual mortgage refers to the way that the borrower withdraws the balance of housing provident fund at one time to repay the loan balance, recalculates the monthly repayment amount and continues to repay the loan on a monthly basis. Through the annual loan, the borrower can offset more loan principal at one time, thus reducing the total interest of the loan.

Monthly payment refers to the direct withdrawal of funds from the borrower's housing provident fund account every month to repay the principal and interest of the housing loan for that month. Through monthly payment, the borrower can use the funds deposited into the provident fund account every month to gradually offset the loan principal and reduce the loan interest expense.