The materials to be prepared include: original and photocopy of resident ID card, original loan contract, repayment passbook or bank card, and Application for Early Repayment of Housing Provident Fund Loan signed by xx Housing Provident Fund Management Center.
The specific process of advance payment:
1. The house lender submits an application for prepayment to the municipal housing provident fund center, which is reviewed and signed by the staff of the credit department of the center and stamped with the business seal of the credit department. Lenders go to the bank to handle repayment procedures with an application for prepayment.
2. The prepayment applicant settles the loan at the entrusted bank, and submits the repayment statement issued by the bank to the Credit Department, and the staff of the Credit Department will review and sign the opinions and affix the business seal of the Credit Department; The staff of the Credit Department shall indicate on the stub column of the prepayment application form that the lender has settled the loan and sign it.
Mortgage cancellation of real estate license: the advance payment shall go to the guarantee company to go through the relevant formalities of mortgage cancellation with the repayment form signed by the credit department. Just apply to the bank one month in advance.
The specific regulations or contracts signed by local banks may be slightly different. For example, some banks still need to pay a certain penalty for repaying loans in advance, while others don't. You can take a closer look at the provident fund loan contract signed with the bank, what is the agreement to repay the loan in advance (most people may not care much about this when signing the contract), and whether there is any penalty for repaying the loan in advance. If not, you don't need it.
If you repay the loan in advance, you may need to sign another loan repayment contract with the bank. You can choose to shorten the loan time or reduce the monthly payment. Generally, it is economical to shorten the loan time.
Extended information: Housing provident fund loans refer to housing mortgage loans issued by local housing provident fund management centers to on-the-job employees who have paid housing provident fund and retired employees who have paid housing provident fund during their employment, through entrusting commercial banks.
Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions and their employees. The housing provident fund paid by employees and the housing provident fund paid for employees by the unit where employees work are personal savings stored by employees in accordance with the regulations for housing consumption expenditures, which belong to individual employees. When an employee retires, the balance of principal and interest is paid in one lump sum and returned to the employee himself.
Reference: Housing Provident Fund Loan-Baidu Encyclopedia