Concept of repayment with provident fund: Repayment with provident fund is a kind of business behavior that the borrower repays the loan in this city with the funds in this city's provident fund account after the individual housing loan is established. Loan repayment application conditions:

Buy owner-occupied housing with ownership in this city;

The main lender and spouse have no other provident fund loan debts and repayment business;

Banks that handle loan business have loan repayment business. Note: The applicant may be the principal lender, the principal lender's spouse or the principal lender's lineal blood relatives.

Ways to repay provident fund loans:

One-time repayment method (year-by-year repayment): a way to withdraw the balance of housing provident fund at one time to repay the loan balance, recalculate the monthly repayment amount, and continue the monthly repayment. (only once a year); Priority must be given to repaying the principal of provident fund loans. Provident fund loans are settled, and the principal of commercial loans is automatically repaid.

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Monthly repayment method (monthly repayment): the method of directly extracting the principal and interest of the housing loan in the current month from the borrower's housing provident fund account. (You can withdraw cash every month. If the balance is insufficient, it should be replenished in time. Withdrawal of housing provident fund can also be used to repay commercial loans). When the balance of the monthly provident fund is sufficient, the provident fund loan and the commercial loan will be repaid together.

Note: Housing provident fund loans are given priority for repayment.