The deceased's estate is used to pay off debts. If the deceased's estate is insufficient, the insufficient part shall be repaid by the guarantor.

2. What should I do if the housing provident fund lender dies?

Legal analysis: According to the procedure, the applicant has not formally signed a loan contract with the bank, so it is cancelled. If it is cancelled, it will naturally not be considered as a provident fund loan, so you have to apply for a commercial loan again and go through the process again. However, if the monthly repayment of the loan contract has started and the applicant dies, theoretically, the loan cannot be revoked, and the heir of the deceased will continue to perform the repayment obligation and handle the transfer formalities of the property.

Legal basis: Regulations on the Management of Housing Provident Fund

Article 5 The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of employees, and may also be used for other purposes.

Article 16 The monthly deposit amount of employee housing provident fund is the average monthly salary of the employee in the previous year multiplied by the monthly deposit amount of employee housing provident fund, and the monthly deposit amount is the average monthly salary of the employee in the previous year multiplied by the deposit ratio of unit housing provident fund.

Twenty-fourth employees in any of the following circumstances, you can withdraw the employee housing provident fund.

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(3) Having complete labor relations;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) the rent exceeds the prescribed proportion of family wage income.

Item (4) stipulates that if employee housing provident fund is withdrawn, the employee housing provident fund account shall be cancelled at the same time. If an employee dies or is declared dead, the storage balance in the employee's successor's provident fund account; If there is no heir or legatee, it shall be included in the storage balance in the employee housing provident fund account.

3. What if the mortgagor has died?

Loans can also be inherited, and people who inherit houses and inheritance also bear loans. If they give up, the bank can take back the house auction to offset the loan.

4. What about the loan if someone dies?

What about the loan if someone dies? Things have changed, accidents have happened or people have died for various reasons. What if the deceased party has a loan? Do you want to come back?

Will the loan be repaid after death?

It depends on the type of loan, whether the borrower is jointly and severally liable and whether there is a guarantor.

1. When the borrower applies for a loan, relatives or other third parties sign a joint liability contract with the lending institution. When the borrower borrows for a long time, the lending institution requires the guarantor to fulfill the guarantee obligation, assume joint liability and repay the remaining debts.

2. If the mortgage loan method chosen by the borrower expires and there is no third-party guarantee, the lending institution may bring an auction lawsuit, and the proceeds from the auction will give priority to repaying the debt. Of course, if the family of the missing person replaces the repayment and the loan is fully paid off, the family can go through the mortgage cancellation registration procedures.

Third, the borrower borrows money without providing collateral or third-party joint liability, and this kind of loan does not need to be repaid. But now many online loans need the contact information of the person in charge of the third party.

Finally, the looser the loan conditions, the greater the risk. Try to choose banks and formal financial institutions.

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