General provident fund repayment methods are as follows:

1. One-time repayment method: it means to withdraw the balance of the housing provident fund account from the entrusted bank once a year, repay the loan principal once, and recalculate the monthly repayment amount according to the remaining loan principal and repayment period after repayment. After one-time repayment, the monthly repayment needs to use the customer's own funds, not the money in the provident fund account.

2. Monthly repayment method: refers to the method of directly withdrawing 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 When the amount of the withdrawn provident fund is insufficient, the client shall make up the repayment amount in time.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.

It is worth mentioning that customers who choose a one-time repayment method cannot choose a monthly repayment method, but can only choose one of them. But if you want to change the repayment method in the future, customers only need to go to their own loan bank to change the repayment method.

So, how to choose the repayment method that suits you?

First of all, if the balance of the provident fund account is tens of thousands of yuan, the remaining loans are all commercial loans, or the balance of the provident fund loans is very small, or all of them are pure provident fund loans, it is more beneficial to adopt the "one-time repayment method". Because the "one-time repayment method" can use the funds in the provident fund account to repay the loan principal, in the case of more funds, more loan principal can be returned, which can reduce the interest expense of the loan. However, when the balance of commercial loans and provident fund loans is large, it is not necessarily reasonable to adopt the "one-time repayment method". Because the repayment order of provident fund loans is to repay provident fund loans first, and then commercial loans, when the balance of provident fund loans is large, all the provident fund funds may be paid off, so borrowers cannot enjoy the preferential interest rate of provident fund loans.

Secondly, if the balance of the customer's provident fund account is not much, it is best to adopt the "monthly repayment method". Due to the small balance of funds in the provident fund account, if the "one-time repayment method" is adopted, the loan principal can be repaid less, and the interest reduction is not obvious. At the same time, it is suggested that customers can shorten the term of commercial loans and maximize the monthly repayment amount of commercial loans while choosing this repayment method, so as to use the funds in the provident fund account to repay more high-interest commercial loans as much as possible and reduce interest expenses.

Can the provident fund repay the mortgage?

The provident fund can be used to repay the mortgage. You can withdraw the balance of the provident fund from the housing provident fund account and repay the loan at one time. Many people repay their loans in this way after retirement. After repaying the loan, if there are still outstanding loans, the principal and repayment period of the remaining loans will be recalculated to determine the future monthly repayment amount.

Legal basis: Article 24 of the Regulations on the Administration of Housing Provident Fund.

In any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(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 mortgage loans;

(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 shall be included in the value-added income of the housing provident fund.

Under what circumstances can I withdraw the hidden balance of employee housing provident fund account?

1, purchase, build and overhaul owner-occupied housing;

2. Retirement;

3, completely lose the ability to work, and terminate the labor relationship with the unit;

4. Leave the country and settle down;

5. Repay the principal and interest of the house purchase loan;

6, the rent exceeds the prescribed proportion of family wage income.

How to repay the mortgage with the provident fund?

How to use the provident fund to repay the mortgage?

1. If you apply to repay the loan with the provident fund, you can apply directly to the loan bank and sign the Power of Attorney for Withdrawing the Housing Provident Fund and Returning the Housing Loan (hereinafter referred to as the Power of Attorney). After the loan principal and interest are settled, the power of attorney will automatically terminate. If one-time repayment is adopted or repayment is stopped for several months, a power of attorney will be signed in May 438+0-March, and the provident fund will be repaid in April-June; Sign the power of attorney in April-August, and repay the loan from the provident fund in September -65438+ 10; If the Power of Attorney is signed in September-June, 65438+February, the provident fund will be repaid in April-June of the following year. If monthly repayment is adopted, the provident fund will be repaid after 3 1 day accepted by the bank.

2, the use of housing provident fund personal housing loans, housing portfolio loans or commercial housing loans, you can apply for provident fund repayment. The spouse and immediate family members of the purchaser can repay the loan with their own provident fund.

3. If the repayment method of the provident fund is changed, an application for change of entrustment shall be submitted to the loan bank, and a letter of change of entrustment for withdrawing the housing provident fund and returning the housing loan shall be signed. However, the change of the repayment method of the provident fund must be completed one year after the original entrustment or the change of entrustment. Before the loan principal and interest are settled, the purchaser can sign the "Letter of Authorization for Withdrawing Housing Provident Fund and Returning Housing Loan" with the loan bank to terminate the entrustment, but it is not allowed to entrust the provident fund to repay the loan again within one year.

Ways to repay provident fund loans

1, one-time repayment method. Withdraw the balance of provident fund from the housing provident fund account and repay the loan at one time. Many people repay their loans in this way after retirement. After repayment, if there are still outstanding loans, the remaining loan principal and repayment period will be recalculated to determine the future monthly repayment amount.

2. Stop repaying the loan for several months. Withdraw the balance of the provident fund account and repay the loan in advance. After repaying the loan in advance, the lender may stop lending for several months. (The time to stop repayment depends on the amount of repayment in advance, but it cannot exceed 65,438+02 months. After the loan repayment period ends, the lender shall continue to repay the loan on a monthly basis. The interest owed during the suspension period is not subject to penalty interest or compound interest, and will be deducted from the monthly repayment after the suspension period. Some property buyers have changed their income at a certain stage (such as illness, childbirth, unemployment, etc.). ), and they often use this way to repay the loan.

3. Monthly repayment method. Withdraw the provident fund directly from the provident fund account every month to repay the loan. When the amount of housing provident fund withdrawn is insufficient, the lender shall make up the repayment amount in time.

Provident fund, usually refers to housing provident fund. Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees. The housing accumulation fund system is actually a housing security system and a form of monetization of housing distribution.