The method of handling the provident fund after resigning and changing city is as follows:

You can apply for transfer of provident fund when you change your job in a city.

1. The premise for transfer of provident fund is that the unit where the employee newly joins must have opened an account for paying provident fund.

2. Employees go to the local housing provident fund management center of the newly hired company to receive a receipt.

3. Take this receipt and return to the original unit to ask for a housing provident fund transfer certificate.

4. Just go to the original housing provident fund management center to handle the account transfer with the transfer certificate, receipt, employee ID card, and housing provident fund card issued by the original unit.

The impact of overdue provident fund loans:

1. Provident fund withdrawals are suspended: During the repayment period, if the borrower is overdue, the provident fund center will suspend provident fund withdrawals until normal repayment Loan;

2. Charge overdue interest: Provident fund overdue will need to pay penalty interest that is 50% higher than the loan interest rate;

3. Long-term overdue collateral will be dealt with: non-malicious long-term overdue, Banks can use real estate auctions to make up for the losses of the provident fund center;

4. Impact on the guarantor's credit: Provident fund loans often require a guarantor. When the lender is overdue, the guarantor's creditworthiness will also be affected;

5. Cause bad records: Provident fund loans are overdue, and the overdue records will be uploaded to the People's Bank of China's credit report, which will have a greater impact on future loan applications.

To sum up, since the loan cost of provident fund loans is lower than that of commercial loans, most people are willing to choose provident fund loans. However, because the loan cycle is long, it is easy to become overdue if there is a temporary financial difficulty. If a unit terminates the labor relationship with an employee, the unit shall register the change with the Housing Provident Fund Management Center within 30 days from the date of termination of the labor relationship, and handle the transfer or sealing procedures for the employee housing provident fund account.

Legal basis:

Article 16 of the "Housing Provident Fund Management Regulations"

The monthly payment amount of the employee's housing provident fund shall be the employee's monthly average in the previous year The salary is multiplied by the employee housing provident fund contribution ratio.

The monthly payment amount of the housing provident fund paid by the unit for employees is the employee's average monthly salary in the previous year multiplied by the unit's housing provident fund payment ratio.