According to Baidu's experience, the "transfer out" of the housing provident fund loan means that you have paid off the loan and the bank will give you a one-time transfer. So the provident fund shows the transfer out, not the settlement, which means you have paid it off.

There are two repayment methods for personal housing provident fund loans: monthly equal principal and interest repayment method and monthly average principal repayment method. The monthly equal principal and interest repayment method refers to the repayment method that the borrower repays the loan principal and interest unchanged every month, but the loan principal increases month by month and the loan interest decreases month by month. The monthly average capital repayment method refers to the repayment method in which the borrower repays the principal regularly every month and the loan interest decreases month by month.