; ? Housing provident fund loans can save a lot of housing costs for buyers, and are the first choice for everyone who pays the provident fund to buy a house. Provident fund loans are automatically deducted from the bank every month to recover the loans. Some friends don't know where the money is deducted, whether it is a provident fund account or a repayment card account. Let's have a look.
Where did the money deducted from the provident fund repayment go?
There are two main ways to deduct money from provident fund loans. One is to deduct money from the provident fund account for repayment. One is to deduct money from the repayment account of the provided savings card, such as the joint housing provident fund card. Where to deduct the money depends on how the loan contract signed by the loan bank and the lender is agreed.
1. Deduct from the provident fund account:
If the deduction method agreed in the loan contract signed by the lender is to collect the provident fund on a monthly basis, the provident fund management center will transfer the balance of the provident fund account to the repayment card on the 20th of each month, and the bank will collect the loan principal and interest by deducting money from the repayment card.
This requires constant attention to the balance of the provident fund account. When the account balance is insufficient, you must deposit money in the repayment card before the bank deducts money. For example, some companies may not pay the provident fund to their employees in time for various reasons. If the lender has no money in the provident fund account and fails to deposit money in the repayment card in time, the bank deduction will be overdue.
2. Deduct money from the repayment card account:
Although some lenders have paid the provident fund, but the monthly contribution of the provident fund is too low to deduct the monthly repayment amount, they may choose to deduct money from the repayment card every month and deposit it in the repayment card for the bank to deduct money, so that the money in the provident fund account will not move.
In this way, when there is more money in the provident fund account, it can be extracted to pay property management fees, rent, construction, renovation and overhaul of self-occupied housing; Or directly withdraw it when you retire, and so on.
The above is the relevant introduction of "Where did the money deducted from the provident fund repayment go?" I hope it will help everyone. If you don't understand anything about the repayment of provident fund, it is recommended to call the local housing provident fund management center for consultation.
Where is the provident fund loan deducted first?
The provident fund loan is deducted from the repayment bank card first.
The provident fund center is only responsible for reviewing provident fund loan applications, signing mortgage contracts, and lending by banks. Therefore, the bank card belongs to which bank loans and which bank repays. For provident fund hedging, the system will deduct the balance of the provident fund account to offset the monthly mortgage repayment. When the balance of the provident fund account is insufficient, the money in the repayment bank card will be deducted. Therefore, provident fund loans may be deducted through multiple channels, but the total amount of deduction will definitely be consistent with the repayment amount.
Provident fund loan amount refers to the maximum loan amount that an individual can apply for when using provident fund loans. Only employees who have permanent residence in local cities and towns, have established the housing provident fund system for more than 6 months, and have paid the housing provident fund according to regulations can enjoy the provident fund loan when the funds for purchasing or building houses or renovating or overhauling their own houses are insufficient. The calculation of provident fund loan amount should be determined according to four conditions: repayment ability, proportion of house price, balance of housing provident fund account and maximum loan amount, and the minimum value calculated by the four conditions is the maximum loanable amount of the borrower.
If the unit does not handle the registration of housing provident fund deposit for its employees or the establishment of housing provident fund accounts, the housing provident fund management center shall order it to be handled within a time limit; Failing to handle it within the time limit, a fine of 6.5438+0 million yuan and 50,000 yuan shall be imposed. In violation of regulations, if the unit fails to pay or underpays the housing provident fund within the time limit, the housing provident fund management center shall order it to pay within a time limit; If the deposit is not made within the time limit, it may apply to the people's court for compulsory execution. Housing provident fund management committee in violation of the provisions of this Ordinance approved the use of housing provident fund plan, by the construction administrative department of the State Council in conjunction with the finance department of the State Council or by the construction administrative department of the people's government of a province or autonomous region in conjunction with the finance department at the same level, in accordance with the management authority shall be ordered to make corrections within a time limit.
"Regulations on the Administration of Housing Provident Fund" Article 19 The housing provident fund paid by individual employees shall be withheld and remitted from their wages by their units.
The unit shall remit the housing provident fund paid by the unit and remitted for the employees to the housing provident fund account within 5 days from the date of monthly payment of employees' wages, and the entrusted bank shall include it in the employee housing provident fund account.
Is provident fund repayment deducted from the provident fund account? How to deduct provident fund loans every month?
Monthly repayment of provident fund loans can be deducted from the provident fund account, paid in cash or deposited in a bank savings account. When the balance in the housing provident fund account is greater than the required repayment amount, it will be deducted directly from the provident fund account. When the balance of the account is insufficient to deduct the repayment amount, the required repayment amount shall be deposited into the provident fund joint card. It should be noted that the deposit amount must be equal to or greater than the repayment amount of this period, and the amount of insufficient provident fund cannot be deposited.
Repayment method of provident fund
1, the monthly equal repayment of principal and interest is fixed, which is more conducive to controlling the expenditure of family income, and the repayment ability can be determined according to one's monthly income;
2. The repayment method of equal principal is equal monthly, and the interest is calculated according to the remaining machines. The initial repayment amount is more, and then it decreases every month, which is more suitable for people with strong repayment ability.