1. Monthly repayment method: after handling the loan, sign the entrusted repayment procedures with the bank and withdraw the balance of the housing provident fund every month to repay the loan. However, if the balance of the housing provident fund is insufficient, the lender should supplement the repayment amount in time until the loan is repaid.
2. One-time repayment: If this method is used, you can directly withdraw the balance of the provident fund from the housing provident fund account and return it to the lending institution at one time. If repayment is made in this way, if the loan is not paid off after one-time repayment, the remaining loan principal and repayment period will be recalculated to ensure the loan amount to be repaid every month in the future.
How to repay monthly mortgage with provident fund? If you want to use the provident fund to repay the monthly mortgage repayment, the borrower can apply to the bank with his ID card, household registration book, loan contract, purchase agreement, provident fund joint card or supporting bank card, and recent mortgage repayment certificate. After the approval of the bank, the corresponding amount will be deducted from the borrower's housing provident fund account on time every month to repay the monthly mortgage payment.
What everyone needs to pay attention to is that if you want to successfully do the provident fund repayment business, then first of all, the bank where the borrower handles the mortgage should provide the provident fund repayment business; Secondly, the house purchased by the borrower must be a local self-occupied house with full property rights; Also, at the time of application, borrowers and their spouses cannot have other provident fund loan debts and repayment business.
In addition to applying for the provident fund to repay the mortgage on a monthly basis, the borrower can actually apply for the provident fund to repay the mortgage once, that is, withdraw the balance in the housing provident fund account once a year to repay the loan principal once.