1, monthly entrusted deduction repayment method:

Definition: Monthly entrusted deduction repayment means that the customer authorizes the provident fund center to deduct the funds in its housing provident fund account on a monthly basis to repay the principal and interest of the provident fund loan.

Execution time of deduction: the provident fund center will automatically deduct the money from the customer's provident fund account on the 20th of each month to repay the loan principal and interest due in the current month. If the principal and interest due in the current month are not paid off, the provident fund center will make a supplementary deduction once a day until the principal and interest due are settled.

Deduction sequence: borrower's provident fund account, borrower's spouse's provident fund account and borrower's bank savings repayment account. If the repayment amount deducted from the customer's provident fund account has paid off the principal and interest due in the current month, the provident fund center will not deduct the borrower's bank savings repayment account in the current month.

2, according to the time entrusted deduction owing on the loan way:

Definition: The customer applies to the provident fund center to deduct funds from his housing provident fund account and repay the principal and interest of the provident fund loan at one time, including repayment of the principal and interest that should not be repaid at present (that is, repayment of the current loan), partial prepayment and early settlement of the loan. Customers apply to the provident fund center for a deduction, and apply for real-time deduction in real time.

Deduction execution time: the repayment deduction execution time is the successful application time of the customer.

What is the agreed retention of the employee housing provident fund deposit account?

The agreed retention amount of the customer's housing provident fund account is 100 yuan, that is, the balance of the customer's housing provident fund account exceeds 100 yuan, which can be used for entrusted deduction to repay the loan. When the balance of the customer's provident fund account is less than or equal to 100 yuan, the entrusted deduction of the account will be suspended.

Under the method of sub-entrustment deduction, in addition to the agreed retention amount of 65,438+000 yuan, the client independently determines the repayment amount to be deducted within the available funds in his provident fund account.

What is the repayment order of entrusted deduction of repayment funds?

The repayment order of entrusted deduction repayment funds is: penalty interest, overdue interest, overdue principal, current interest, current principal and early repayment. Overdue principal and interest should be repaid in order on schedule.

I. Repayment method of entrusted deduction of Wuhan Provident Fund:

1, monthly deduction repayment method;

2. Deduct the loan according to the entrustment.

Note: Borrowers and spouses can choose different ways of entrusted deduction for repayment. Customers who have signed up for monthly entrusted deduction repayment can also handle entrusted deduction repayment at any time.

Second, the characteristics of the two ways

1. What is the repayment method of monthly entrusted deduction?

Monthly deduction and repayment means that the customer authorizes the provident fund center to deduct the funds in his housing provident fund account on a monthly basis to repay the principal and interest of the provident fund loan.

2. What is the method of entrusted deduction to repay the loan?

Entrusted deduction for loan repayment refers to that the customer applies to the provident fund center to deduct the funds in his housing provident fund account and repay the principal and interest of the provident fund loan in one lump sum, including repayment of the principal and interest that should not be repaid at present (that is, repayment of the current loan), partial prepayment and early settlement of the loan. Customers apply to the provident fund center for a deduction, and apply for real-time deduction in real time.

3. What is the difference in the execution time of the deduction?

1. Under the monthly entrusted deduction method, the provident fund center will automatically deduct from the customer's provident fund account on the 20th of each month to repay the loan principal and interest due in the current month. If the principal and interest due in the current month are not paid off, the provident fund center will make a supplementary deduction once a day until the principal and interest due are settled.

2. The execution time of each entrusted repayment deduction is the successful application time of the customer.

Four, the original has signed a "deduction year by year", how to handle the change procedures?

1,20021.Within one year from the implementation date of the new detailed rules for entrusted deduction, customers who have chosen the method of "entrusted deduction year by year to repay the loan" can apply by themselves through the personal online business platform of Wuhan Provident Fund or the counter of the Provident Fund business office, and change the "entrusted deduction year by year" to "entrusted deduction month by month".

2. Or one year after the implementation of the new detailed rules for entrusted deduction, the Provident Fund Center will automatically convert "entrusted deduction for repayment year by year" into "entrusted deduction for repayment month by month".