You can offset the balance, but you cannot withdraw the balance! ! !

1, you used the provident fund loan and enjoyed the low interest rate. Cannot withdraw the provident fund.

2. If you don't use the provident fund to buy a house, you can withdraw the provident fund.

It is impossible for you to withdraw money at low interest rate.

Introduction to the method and process of offsetting loans with the balance of provident fund.

It is reported that some housing provident fund management centers have launched provident fund balance repayment business, so what ways does this business specifically include? How to operate?

Specific circumstances, we, we take ~ ~ housing provident fund to offset provident fund loans as an example.

It is reported that there are two ways for the balance of the provident fund to offset the loan: one is to deduct the loan every month; The second is to deduct and repay the loan year by year. The specific process is as follows:

1, deduct the loan every month.

After the borrower repays the loan normally for one month, the provident fund center can automatically deduct the principal's provident fund deposit on the 20th of each month according to the borrower's entrustment, and return the principal and interest of the provident fund loan for that month. Among them, the provident fund with an agreed monthly deposit of 6 times cannot be used for deduction.

2. Deduct and repay the loan year by year

After the borrower repays the loan normally for six months, the provident fund center can automatically deduct the customer's provident fund deposit once a year according to the entrustment of the borrower's power of attorney, so as to repay part of the provident fund loan in advance or settle it in advance. Among them, the agreed retention amount is 100 yuan.

In addition, while choosing to deduct the loan year by year, customers can choose to reduce the monthly repayment amount or shorten the loan period, and still need to repay the principal and interest of the provident fund loan with their own funds every month.

2. What are the procedures for monthly deduction and repayment of provident fund?

Monthly payment, that is, monthly repayment method

Refers to the monthly direct withdrawal from the customer's provident fund account to repay the loan principal and interest of the month. The withdrawal of principal should make up the repayment amount in time. This method can not only offset the principal and interest of commercial loans.

Note: If customers choose one repayment method, they can only choose one of the two. 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.

Information needed for loan repayment.

1, address book of the borrower, the borrower's spouse and * * * and the borrower's house;

2. The borrower's marriage certificate;

3. The borrower's recent loan repayment certificate;

4. The borrower's savings repayment account;

5. The original loan contract shall be kept by the borrower.

In addition, the borrower applies to change or terminate the loan business by withdrawing the housing provident fund, the contract ID card household register and the original power of attorney.

Third, the monthly deduction process of provident fund?

Monthly deduction and repayment process of provident fund:

1, employee application

Employees who apply for monthly repayment should bring their ID cards to the information desk (or management department) or unit of the provident fund center to receive the entrustment agreement and application approval form for monthly repayment of housing provident fund (hereinafter referred to as the application form).

2. Unit verification

The laborer holds the application form to his unit for preliminary examination. The unit verifies whether the applicant is the employee himself, whether the balance of the housing provident fund is correct, whether it meets the extraction conditions, and truthfully fill it in. Then affix the reserved seal of the unit in the bank on the application form, and the employee himself will go through the monthly repayment procedures.

3, the center for examination and approval

Employees shall go to the central business department (or management department) where the collecting bank is located with the application form, personal ID card and marriage certificate to go through the contract modification procedures and approval.

The laborer holds the Application Form and the materials needed for repayment, and after being stamped by the bank inspection unit, he goes through the repayment procedures.

4. Bank processing

After the approval of the central business department (or management department), the collecting bank will directly transfer it from the applicant's housing provident fund account to the borrower's loan account every month from the second month until the balance in the applicant's provident fund account is insufficient to repay the amount due in that month.

Four, Nanjing provident fund monthly withholding process

When applying for a provident fund loan, the applicant, the provident fund management center and the entrusted bank sign a provident fund withholding repayment agreement for the convenience of repayment in the future. After the agreement comes into effect, the entrusted bank will deduct the repayment amount of the lender from the designated provident fund account in the second month of repayment to offset the provident fund loan. Once the bank deducts money successfully, the provident fund management center will record the repayment of the provident fund loan applicant in time. If the monthly repayment amount of the lender's provident fund account is less than the payable amount, the lender needs to deposit the difference into the personal bank repayment account of the entrusting bank to make up for it. If the lender fails to repay the provident fund loan in time, the management center will record the current period as overdue repayment, and the borrower will pay more penalty interest when returning. 1. Provident fund withdrawal process: 1. Unit managers go to bank service outlets to collect and purchase housing provident fund withdrawal application and cash (transfer) check; 2. When employees apply for withdrawal of housing provident fund, they shall provide relevant certification materials to the unit in accordance with regulations. After verification, the unit shall fill in the Application for Withdrawal of Housing Provident Fund and cash (transfer) cheque, and affix the reserved seal. When employees who have individual accounts of housing provident fund in centralized households in the management center withdraw housing provident fund, they should bring relevant supporting materials directly to the business hall of the management center or the counter of the management department of the district and county sub-centers to apply; 3. Employees shall, in accordance with regulations, bring the Application Form for Withdrawing Housing Provident Fund and relevant supporting materials to the banking service outlets (district and county sub-center management departments) to apply for withdrawing housing provident fund; 4. After the information provided by the staff is qualified, the staff will extract and review the staff, print the acceptance receipt and submit it to the staff for confirmation, and submit the copy of the acceptance receipt 1 and the original supporting materials to the staff; 5, the extraction of housing provident fund into the employee's own housing provident fund joint card savings account. II. Materials to be prepared for withdrawal of provident fund: 1, and withdrawal application is required. 2. The identity information of the applicant, such as the original and photocopy of the ID card. 3. The applicant shall fill in the application for withdrawal. In addition, you need to prepare the down payment receipt and purchase contract for the first suite. If it is a second suite, you need to submit the house ownership certificate and deed tax certificate. After verification, the unit shall issue a certificate of extraction. Legal basis: Article 26 of the Regulations on the Management of Housing Provident Fund, employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.