1. How to offset the provident fund balance against the provident fund loan

The method for the provident fund balance to offset the provident fund loan is as follows:

1. One-time repayment method: pay the trustee bank once a year Withdraw the balance of the housing provident fund account, offset the loan principal in one go, and recalculate the monthly repayment based on the remaining loan principal and repayment period after the offset. After a one-time loan repayment, the monthly repayment needs to use the customer's own funds, not the money in the provident fund account;

2. Monthly repayment method: directly from the client's provident fund every month The method of withdrawing from the account to repay the principal and interest of the loan for the current month. When the amount of provident fund withdrawn is insufficient, the client should make up the repayment amount in a timely manner. This method can not only offset the principal and interest of provident fund loans, but also offset the principal and interest of commercial loans. It is worth mentioning that if you choose the one-time repayment method, you cannot choose the monthly repayment method. If you want to offset the two repayments, you only need to go to the loan bank

Legal basis: "Housing" Article 26 of the Provident Fund Management Regulations

Employees who have paid housing provident funds and are purchasing housing may apply for housing provident funds from the Housing Provident Fund Management Center

The Housing Provident Fund Management Center shall accept the application on its own A decision will be made within 15 days from the date of approval of the loan or not, and the applicant will be notified;

If the loan is approved, the entrusted bank will handle the loan procedures. Housing provident fund loan burden.

Article 27

Applicants applying for housing provident fund loans shall provide guarantees.

2. What is a provident fund loan?

Housing provident fund loan refers to a provident fund loan that is entrusted by the housing provident fund management center to be issued by commercial banks to registered and non-household registered deposit-paying employees who meet the provident fund loan conditions. A policy-based low-interest loan used to purchase, construct, renovate, and overhaul self-occupied housing; for the same loan amount and repayment period, the interest rate of a provident fund loan is lower than that of a commercial loan; if you use a provident fund loan to buy a house, the bank's repayment The method will also be more convenient than commercial loans to purchase a house. The housing provident fund withdrawal process is as follows: 1. Employees of the unit can apply to their unit to withdraw the housing provident fund, and the employer will handle the housing provident fund withdrawal procedures for them; 2. Comply with the local housing provident fund management center If the provident fund withdrawal conditions are stipulated, relevant certification materials can be provided to the unit. After verification by the unit, the unit will issue a certificate for withdrawal of housing provident fund; 3. The unit has a certificate for withdrawal of housing provident fund and relevant materials provided by employees for withdrawal of provident fund. , apply to the local housing provident fund management center to withdraw the balance of the personal housing provident fund account; 4. After receiving the withdrawal application from the unit, the provident fund management center will complete the approval within 3 working days; 5. After the approval is passed, the housing provident fund management The center will entrust the bank to transfer the withdrawal amount to the employee's personal bank account. Legal basis: Article 26 of the "Housing Provident Fund Management Regulations" stipulates that employees who have paid housing provident funds may apply for housing provident fund loans from the Housing Provident Fund Management Center when purchasing, constructing, renovating, or overhauling their own homes. The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant; if the loan is granted, the entrusted bank shall handle the loan procedures. The risks of housing provident fund loans are borne by the housing provident fund management center. Article 27 Applicants applying for housing provident fund loans shall provide guarantees.

3. Can provident fund loans be used?

According to national regulations, housing provident fund loans can be used for house purchase and house decoration. Please contact your local bank.