If you need to repay the Shanghai Provident Fund loan, please do so in the following ways:

1. Handling conditions: After the borrower borrows the loan and repays it normally once, he can apply to the central bank for repayment. The manager is the borrower or his immediate family members, and I or others have no other provident fund loans or other loans.

2. Handling procedures: I carry the original valid ID card; Participants themselves carry the original valid ID card and the certificate of direct relationship with the borrower.

3. Handling place: loan handling bank.

For details, please consult the Bank of China loan handling bank or provident fund management center.

The above contents are for your reference. Please refer to the actual business regulations.

Provident fund offset loan

Repayment with provident fund refers to the repayment of housing loans with the balance of the borrower's provident fund, including commercial loans and portfolio loans. To repay the loan, three conditions need to be met: (1) Buy a set of self-occupied housing with full property rights in this city (only ordinary housing with 70-year property rights is allowed, but commercial housing with 50-year property rights is not allowed). (2) The principal lender and spouse have no other provident fund loan debts and repayment business. (3) Banks that handle loan business have loan repayment business. Before handling, you need to prepare these materials: housing provident fund account number, ID card, marriage certificate, household registration book, and the borrower's latest loan repayment certificate. Prompt 1: You need to make an appointment with Bank of China for loan repayment in advance, and the processing time should not exceed 3 days. Before handling, you need to confirm the repayment method, that is, choose "annual repayment" or "monthly repayment". Annual repayment: withdraw the balance of housing provident fund to repay the loan balance in one lump sum, recalculate the monthly repayment amount and continue to repay the loan monthly, only once a year. Monthly mortgage repayment: directly withdraw the provident fund from the borrower's housing provident fund account every month to repay the principal and interest of the current month's housing loan. It can be withdrawn every month, and it should be replenished in time when the balance is insufficient. Tip 2: When repaying portfolio loans, give priority to repaying housing provident fund loans. Finally, the provident fund of the borrower's immediate family and spouse can also participate in the loan repayment. The order is to offset the balance of the borrower's provident fund first. If the balance is insufficient, it can be offset by the provident fund of relatives and spouses.

Can the monthly payment of provident fund loans be offset by the balance of provident fund? How to repay the loan with the balance?

The monthly provident fund loan can be offset by the balance of the provident fund. After handling the provident fund loan, the lender can directly handle the provident fund hedging business and directly use the provident fund contract to repay the monthly loan. When the balance of the provident fund is insufficient, the lender needs to replenish funds in time to repay the monthly payment to avoid repayment failure. In addition, provident fund hedging can be divided into monthly offset and annual offset. The monthly loan is the repayment amount deducted from the mortgage every month, and the annual loan is deducted once a year to repay part of the loan principal in advance.

How to repay the loan with the balance of provident fund?

1. The client goes to the deposit bank to collect or log on to the housing provident fund website to download the Application Form for Loan of Housing Provident Fund Entrusted Deduction to Repayment of Provident Fund (hereinafter referred to as the Application Form) and fill in relevant information truthfully;

2. The entrusting unit shall fill in the relevant information in the column of the Application Form and affix the reserved seal of the unit provident fund;

3. The customer holds the application form, the original and photocopy of the ID card, and the bank savings repayment passbook (card) to the account opening bank to handle the authorization procedures for entrusted deduction and repayment, and sign the power of attorney.

Treatment conditions:

1. The client's housing provident fund deposit account is in normal or sealed state (excluding centralized custody, freezing or account cancellation);

2. The bank savings repayment account used by the borrower to repay the provident fund loan has been successfully debited and repaid 1 more times through the housing provident fund information system.