At present, there are three repayment methods of provident fund loans, namely equal principal and interest repayment, equal principal repayment and free repayment. According to the relevant regulations, any borrower can handle the business of changing the repayment method, and can make multiple changes as long as the contract is valid. However, there are several important considerations that cannot be ignored: first, the business of changing the repayment method can only be handled once in each repayment cycle; Second, it is impossible to handle the change business when the loan principal and interest are overdue; Third, the monthly repayment date does not accept the change business; Fourth, for provident fund loans with a term of only one year or a remaining term of less than one year, they can only be repaid in the original way. In addition, the provident fund loans handled before 2005 cannot be converted into repayment methods at present.
I understand the conditions for changing the repayment method of provident fund, so what should I do next?
At present, it is a common way for borrowers to go directly to the loan bank with their valid personal certificates and copies of certificates. If it is not handled by the borrower himself, it is necessary to issue a certificate of entrustment, requiring the client to bring the original and photocopy of his identity certificate and the original certificate of entrustment to the relevant bank counter for handling. Generally, after filling in the Application Form for Change of Provident Fund Loan in the lobby of the bank, you can entrust the bank staff to handle it at the counter. In addition, some cities such as Shenzhen have also opened the official WeChat account of "Provident Fund Management Center", which is convenient for borrowers to change the repayment method on WeChat without leaving home. Of course, the specific systems and requirements of each city are different. After making the decision to change business, you must consult the relevant personnel of the bank through customer service telephone in advance to determine the specific procedures and materials to be prepared.
With the continuous implementation and improvement of the policy, more and more employees will enjoy the benefits brought by provident fund loans. In addition to changing the repayment method, the borrower can also repay in advance, change the repayment date and change the repayment account, so there is no need to worry about the wrong choice in the initial procedure. These increasingly humanized businesses will provide more and more humanized experiences for provident fund loan applicants.