Hedge repayment refers to the repayment method that employees who have applied for housing provident fund loans use the balance of borrowers and co-borrower housing provident fund accounts to offset the repayment amount. I believe many people will repay in this way, but do you know the conditions for using provident fund to hedge repayment? If you don't know, come and have a look with me

What are the conditions for the provident fund to hedge and repay the loan?

1 The applicant must be the borrower himself (and his spouse).

2. The sum of the balance of the borrower's and spouse's housing provident fund should be enough for one month in the monthly hedging repayment process.

The borrower's housing provident fund loan is not overdue at present, including the overdue loan compensated by the guarantee company, and the borrower has also paid it off.

When applying for monthly hedging repayment, the borrower must promise to make up the difference in his bank repayment account in time when the available balance of his or her spouse's housing provident fund is insufficient for hedging repayment.

The monthly repayment amount shall not exceed the borrower's monthly repayment amount, and the borrower's own housing provident fund shall be hedged first, and then the spouse's housing provident fund shall be hedged; When the balance of the housing provident fund left by the borrower and his spouse is greater than or equal to the balance of the loan, the borrower applies to the housing provident fund management department, which is equivalent to settling the loan.

Information to be provided by the borrower for monthly hedging repayment.

Original ID card and marriage certificate of the borrower and spouse; ② Approval Form for Monthly Repayment of Housing Provident Fund Mortgage Loan.

I hope the above answers are helpful to everyone.