If the provident fund hedging loan repayment business is handled, that is, the balance of the provident fund loan is used to repay the provident fund loan, the balance in the provident fund account will be deducted when the provident fund loan expires automatically, and the repayment will be deducted from the repayment bank card when the balance in the account is insufficient; If the repayment business of the provident fund hedging loan is not handled, the repayment of the provident fund loan will automatically deduct the balance in the repayment bank card, but will not actively deduct the balance in the provident fund account for repayment. If the repayment amount of the bank card is insufficient, it may lead to the failure to automatically deduct the payment in the current month, which is prone to overdue.
Legal basis: Article 24 of the Regulations on the Administration of Housing Provident Fund.
In any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account:
(a) the purchase, construction, renovation and overhaul of owner-occupied housing;
(2) retirement;
(three) completely lose the ability to work, and terminate the labor relationship with the unit;
(4) Having left the country to settle down;
(5) Repaying the principal and interest of the house purchase loan;
(six) the rent exceeds the prescribed proportion of family wage income.
In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.
If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.