The methods for repaying housing loans using provident funds are as follows:

1. One-time repayment method. Withdraw the provident fund balance from the housing provident fund account and repay the loan in one go. Many people use this method to repay their loans after retirement. After repaying the loan, if there is still a loan that has not been repaid, the remaining loan principal and repayment period will be recalculated to determine the monthly repayment amount for each subsequent month;

2. Stop loan repayment for a few months Law. Withdraw the balance from the provident fund account and repay the loan early. After repaying the loan early, the lender can stop repaying the loan for a number of months. (The length of the loan repayment suspension period is determined by the amount of the loan repaid in advance, but it cannot exceed 12 months.) After the loan repayment suspension period ends, the borrower must continue to make monthly repayments. The interest owed during the suspension period will not be charged penalty interest or compound interest, and will be deducted from the monthly repayment after the end of the suspension period. Some home buyers often use this method to repay their loans when their income changes at a certain stage (such as illness, childbirth, unemployment, etc.);

3. Monthly repayment method. Provident fund is withdrawn directly from the provident fund account every month to repay the loan. When the amount of housing provident fund withdrawn is insufficient, the lender must make up the repayment amount in a timely manner.

Procedure for housing provident fund repayment:

1. The applicant holds the house purchase information (commercial house sales contract, house purchase down payment receipt), the couple’s ID cards, household register, and marriage certificate ( All parts (original and three copies of A4), loan application form in triplicate - the municipal provident fund management center personal loan service hall handles the loan application procedures;

2. The above-mentioned institutions will pass the approved loan information Go to the entrusting bank;

3. The entrusting bank notifies the borrower and his spouse to go to the signing office of the entrusting bank with their ID cards to sign a loan contract and mortgage contract;

4. The borrower and his spouse The spouses should go to the housing management department with the bank staff to collect the other property rights certificates with their ID cards; 5. The borrower should go to the personal loan hall of the Provident Fund Management Center to issue a loan with the original and a copy of the other property rights certificates. Notice;

6. The borrower takes the original and a copy of the property ownership certificate and the loan notice to the entrusted bank to handle the loan issuance procedures.

To sum up, there are three ways to use housing provident funds to repay a mortgage loan: the one-time repayment method, the method of stopping loan repayment for several months, and the monthly repayment method. The materials required for housing provident fund repayment of mortgage loans include the parties’ ID cards, household registers, provident fund accounts, application forms, etc.

Legal basis:

Article 25 of the "Housing Provident Fund Management Regulations"

If an employee withdraws the balance in the housing provident fund account, the unit where he works shall Verify and issue withdrawal certificate.

Employees should apply to the Housing Provident Fund Management Center to withdraw housing provident funds with the withdrawal certificate. The Housing Provident Fund Management Center shall make a decision on whether to approve the withdrawal or not to allow the withdrawal within 3 days from the date of accepting the application, and notify the applicant; if the withdrawal is approved, the entrusted bank shall handle the payment procedures.