First, use the provident fund to repay loans.
At present, there are two main ways for China citizens to use provident fund to repay loans. One is equal principal and interest repayment, that is, citizens need to repay equal loan interest every month after using provident fund loans. This repayment method, with equal principal and interest every month, is the most acceptable repayment method for most citizens. Another way is equal principal repayment, that is, citizens need to repay average capital every month after using the provident fund loan, and the loan interest and repayment amount will gradually decrease with the increase of the month. For citizens with higher wages and better economic income, this method is a better repayment method.
Second, how to deduct the repayment of husband and wife provident fund from the account?
Under normal circumstances, when the husband and wife use the provident fund to repay the loan, they need to determine which party is the main repayment target. If the balance in the provident fund account of the main repayment object is enough to repay the debts of the current month, other repayment objects do not need to repay the debts of the current month. However, when the balance in the provident fund account of the main repayment object is insufficient to repay the debt of the current month, it is necessary to repay the debt from other repayment objects. When using the provident fund to repay the loan, you can sign an agreement with the bank to entrust the withdrawal of the provident fund to avoid withdrawing it all by yourself, but you must ensure that there is enough balance on the repayment card for repayment.
Three, the use of provident fund to repay the loan matters needing attention
Pay attention to the deadline when repaying the loan, and do the corresponding operations within the specified time to avoid overdue repayment; When making the first repayment, you need to bring your ID card, provident fund card or ID card to the provident fund management center to handle the corresponding business; Provident fund repays the loan, and the principal and interest of the loan will be deducted next month; Most citizens have signed an agreement with the bank to entrust the withdrawal of provident fund. Generally, the balance in the repayment card can only repay the debt of this month, so it is necessary to check the balance in real time to avoid insufficient balance.