Provident fund mortgage repayment procedures:

1. First get the application form for housing provident fund in front of the provident fund bank counter, fill in the application form and submit it to the relevant work unit for inspection and confirmation;

2, and then through the relevant materials to the management center to apply, by the housing provident fund management personnel responsible for the audit;

3. Then go through some formalities at the counter of the provident fund bank with the application form and ID card approved by the management center;

4. The housing accumulation fund system is stipulated by national laws. As an important social security system for housing, it is mandatory, mutually supportive and indemnificatory.

5, units and individual employees must fulfill the obligation to pay housing provident fund according to law;

6. There are two ways to repay the loan from the general provident fund, one-time or monthly, depending on local laws and regulations.

Repaying mortgage with provident fund:

1. Annual repayment: in April or September each year, the personal account balance of the provident fund of the main lender and other eligible immediate family members will be directly offset against the total loan principal, and the monthly repayment amount will be readjusted, and the monthly repayment amount will be relatively reduced;

2. Monthly payment: refers to offsetting the balance of individual provident fund account with the monthly loan principal and interest. For portfolio loans, the monthly provident fund loans will be repaid first, and the rest will be repaid with commercial loans. When the account balance is insufficient, the customer only needs to repay the mortgage after deducting the monthly payment of the provident fund.

Legal basis: Article 5 of the Regulations on the Administration of Housing Provident Fund.

The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of owner-occupied housing by employees, and no unit or individual may use it for other purposes.

Article 26

Workers who have paid housing provident fund can apply for housing provident fund loans to 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.