The provident fund can repay the mortgage in one lump sum. As long as customers pay enough provident fund, they can apply for repayment of provident fund loans, and then choose the way of annual repayment, that is, one-time repayment, and then use the balance in the housing provident fund account to repay the mortgage in one lump sum. In fact, if customers have enough funds, they can also apply for prepayment, and then use their own funds to settle the mortgage in advance. Of course, if the balance in the customer's provident fund account is not enough, it is naturally impossible to use the provident fund to repay the mortgage at one time. Then, after handling the provident fund loan repayment business, after offsetting the loan principal once a year, the customer still needs to repay the mortgage with his own funds every month, and then deduct the balance of the provident fund account to offset the loan principal once a year. When handling provident fund loan repayment business, you can also choose monthly repayment, that is, monthly repayment, and the bank will deduct the corresponding amount from the provident fund account every month to repay the loan principal and interest of the month. When the deducted provident fund amount is insufficient, the customer needs to make up the difference in repayment amount in time.

Legal basis:

Regulations on the administration of housing provident fund

Article 12 The housing provident fund management center shall, in accordance with the relevant provisions of the People's Bank of China, entrust a bank designated by the Housing Commission (hereinafter referred to as the entrusted bank) to handle financial services such as housing provident fund loans and settlement, and the establishment, deposit and return of housing provident fund accounts. The housing provident fund management center shall sign an entrustment contract with the entrusted bank.

Thirteenth housing provident fund management center shall set up a housing provident fund account in the entrusted bank. The unit shall go to the housing provident fund management center for the registration of housing provident fund deposit, and after being audited by the housing provident fund management center, set up a housing provident fund account for its employees at the entrusted bank. Each employee can only have one housing provident fund account. The housing provident fund management center shall establish a detailed account of employee housing provident fund to record the deposit and withdrawal of employee individual housing provident fund.