1. There are two repayment methods for housing provident fund personal loans: equal monthly principal and interest repayment and average monthly principal repayment.
2. The monthly repayment method of equal principal and interest refers to the repayment method that the total amount of loan principal and interest repaid by the borrower remains unchanged every month, but the loan principal increases month by month and the loan interest decreases month by month.
3. The monthly average capital repayment method refers to the repayment method in which the principal repaid by the borrower is fixed and the loan interest decreases month by month.
4. It should be noted that the personal provident fund loan within one year will repay the principal and interest in one lump sum at maturity; Personal provident fund loans with a term of more than one year shall repay the loan principal and interest on a monthly basis. If it exceeds the balance of your provident fund, it will be replenished in cash every month (deducted from your bank card or repaid in cash by yourself).
How to repay the provident fund loan
How to repay the provident fund loan
There are two repayment methods for provident fund loans, one is equal principal and interest, and the other is average principal, as follows:
1, equal principal and interest method: the monthly repayment amount is equal, the principal repayment included in the monthly repayment amount is less first and then more, and the interest repayment is more first and then less. This method has a light burden on the borrower in the early stage of repayment, but the total interest to be paid during the loan period is more than the average capital method, which is suitable for users who are short of funds in the early stage of purchase.
2. Average capital method: the amount of loan principal repaid each time is equal, and the interest decreases with the decrease of principal. This method has a heavy burden on the borrower in the early stage of repayment, but the total interest to be paid during the loan period is less than that of the matching principal and interest method, which is suitable for users who are not too nervous in the early stage of purchase and have strong repayment ability.
Matters needing attention in repayment with housing provident fund
1. Choose the appropriate repayment method.
Choosing the right loan method can help borrowers save a lot of interest, so we must pay attention to it. The monthly repayment method does not have much repayment pressure, but during the whole repayment period, the interest paid by the borrower has not decreased, so it is more suitable for people who want to reduce the monthly repayment pressure. Repaying the loan year by year can not reduce the monthly repayment pressure of the borrower, but it can reduce the loan interest expense and speed up the repayment, so it is more suitable for those who want to reduce the loan interest expense.
2. Change the repayment method of provident fund.
If the borrower feels that the current repayment method is not suitable for him, then don't force it. The borrower may apply to the loan bank to change the repayment method. The borrower needs to submit an application and fill in the power of attorney to withdraw the housing provident fund and repay the housing loan. However, it should be noted that the change of repayment method can only be handled one year after the original entrustment or the change of entrustment.
Don't repay the loan in advance in the first year.
According to the relevant provisions of provident fund loans, the borrower must apply for early repayment, provided that the loan time has reached one year and the amount of early repayment must be more than six months. Therefore, if the borrower's loan time is less than one year, or the funds on hand are not enough, then do not handle the prepayment business within one year.
Can the provident fund be used to repay the loan?
Generally speaking, the paid provident fund can be used to repay the mortgage. Repayment of mortgage by provident fund is to entrust the bank to withdraw funds from the balance of individual provident fund account for monthly or early repayment. There are two repayment methods: "annual repayment" and "monthly repayment".
Legal analysis
If the flow rate is far below the minimum flow rate to ensure accuracy, there will be no output (such as vortex flowmeter) or the output signal will be cut off as a small signal (such as differential pressure flowmeter), which is unfavorable and unfair to suppliers. In order to prevent the loss of benefits, for a specific set of thermal energy metering equipment, the supply and demand sides often agree that a certain flow value is the "agreed lower limit flow" according to the flow measurement range and the achievable range, and agree that if the actual flow is less than the agreed value, it will be charged according to the lower limit flow. The metrological administrative department of the people's government at or above the county level may set up metrological verification institutions according to needs, or authorize metrological verification institutions of other units to perform compulsory verification and other verification and testing tasks. Personnel who perform the verification and testing tasks specified in the preceding paragraph must pass the examination. This function is usually realized in the flow display instrument. The metrological administrative department of the local people's government at or above the county level shall, according to the needs of the local area, establish public standard instruments of measurement, which shall be used after passing the examination presided over by the metrological administrative department of the people's government at a higher level. Enterprises and institutions may, as required, establish standards of measurement for their own use, and the highest standards of measurement shall be used after passing the examination presided over by the metrological administrative department of the relevant people's government. Metrological verification shall be carried out on site in accordance with the principle of economy and rationality. Metrological verification must be carried out in accordance with the national metrological verification system table. The national metrological verification system table shall be formulated by the metrological administrative department of the State Council.
legal ground
Regulations on the administration of housing provident fund
Twenty-sixth 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.
Twenty-seventh applicants for housing provident fund loans shall provide guarantees.
Can provident fund loans be repaid with provident fund?
Of course. Mortgage repayment of housing provident fund is to entrust the bank to withdraw funds from the balance of individual provident fund account for monthly or early repayment. Mortgage repayment can be divided into "annual mortgage" and "monthly mortgage". The annual repayment method is equivalent to partial prepayment once a year, but this method gives priority to repaying the principal of provident fund loans, and the principal of commercial loans can only be repaid after the provident fund loans are settled. In addition, the monthly repayment amount must be repaid in cash (monthly contributions should be deposited in a savings card).
How to repay mortgage with provident fund
1. Online processing. Workers must first go to the city housing provident fund center for signing procedures. Married employees who have opened online withdrawal can apply for repayment of housing provident fund loans, housing provident fund portfolio loans and discount loans by themselves through online channels such as WeChat WeChat official account and personal online hall, and employees do not need to provide any materials. Single employees can go through the signing formalities through the counter.
2. Off-line processing. In addition to self-service repayment of housing provident fund loans or contract signing procedures through online channels, employees can also apply for contract signing through the counter and provide the following original materials:
(1) ID card;
(2) Marriage certificate (single declaration) and other marriage certification materials;
(3) Including the repayment credentials of the commercial loan account number, the relevant information of the loan can be verified through data investigation.
1. Online processing. Workers must first go to the city housing provident fund center for signing procedures. Married employees who have opened online withdrawal can apply for repayment of housing provident fund loans, housing provident fund portfolio loans and discount loans by themselves through online channels such as WeChat WeChat official account and personal online hall, and employees do not need to provide any materials. Single employees can go through the signing formalities through the counter.
2. Off-line processing. In addition to self-service repayment of housing provident fund loans or contract signing procedures through online channels, employees can also apply for contract signing through the counter and provide the following original materials:
(1) ID card;
(2) Marriage certificate (single declaration) and other marriage certification materials;
(3) Including the repayment credentials of the commercial loan account number, the relevant information of the loan can be verified through data investigation.
How to repay the loan in the provident fund account?
There are two repayment methods for provident fund loans:
1. I use my own cash to deposit in the repayment bank card every month for repayment;
2. Entrust the Provident Fund Center to transfer the balance of its own provident fund account to repay the loan on a monthly basis.
Choosing the first repayment method is relatively simple, that is, deposit the money on the bank card and repay it monthly; If you choose the second repayment method, that is, using the balance in your own provident fund account to repay the loan on a monthly basis, you need to apply after completing the loan procedures, fill out the Application Form for Repaying the Loan by Entrusting Monthly Transfer of Housing Provident Fund and submit it, so that you can repay the personal provident fund loan with the balance of personal provident fund.
Extended data:
How to deduct the monthly provident fund?
The monthly deduction method of provident fund repayment is: after the borrower completes the repayment business, the bank deduction system will automatically deduct the money from the borrower's repayment account from the 20th to 25th of each month, which can be the money paid by the borrower himself or the money transferred from the provident fund to the repayment account.
Therefore, before the bank system deducts money, the borrower should ensure that there is sufficient monthly payment in the repayment account to ensure that the system deducts money successfully, otherwise the deduction fails, which will lead to overdue and affect credit.