How to repay after buying a house with a housing provident fund loan?
The procedure of using the housing provident fund to repay the housing loan is very simple. As long as you bring the materials to the loan bank and sign the Power of Attorney for Repaying Housing Loan with Housing Provident Fund, the bank will automatically deduct the money from your housing provident fund account on a regular basis according to your entrustment requirements to repay your housing provident fund loan or commercial housing loan. Because this repayment method only needs one entrustment, it is long-term, effective, convenient, safe and assured.
There are two main ways to use housing provident fund to repay housing loans. One is a one-time repayment method, that is, the housing provident fund is withdrawn once a year to repay the loan principal, and the other is a monthly repayment method, that is, the housing provident fund is withdrawn every month to repay the loan principal and interest of the current month. The former is equivalent to repaying the loan once a year in advance, which saves interest expenses and reduces the monthly repayment amount in the future, while the latter reduces the borrower's monthly cash expenditure and reduces the financial pressure of cash flow. There is no difference between the two methods, and the borrower needs to choose according to his own situation. But no matter which way, use your housing provident fund as much as possible, so that it can continuously improve your repayment ability and facilitate your financial arrangement and repayment plan. This is actually a manifestation of improving your self-occupation ability and housing consumption level.
Time and method of repayment
1. Repayment time: If the loan undertaking bank is Industrial and Commercial Bank of China, the borrower shall repay the loan to Japan in the following month. For example, if the loan is completed on the 6th of this month, the borrower shall repay it on the 6th of the following month; If the loan undertaking bank is another bank, the borrower shall repay the loan on June 5438+05 of the following month.
2. Repayment method: The borrower opens a savings passbook in the loan undertaking bank and repays the loan by bank withholding. The borrower shall ensure that the savings passbook account has sufficient funds before the repayment date of each month.
Housing accumulation fund: can individual housing loans be repaid in advance during the loan period? Is it possible to shorten the loan period?
Of course. Partial prepayment (the repayment amount must be a multiple of 5000 yuan) or one-time prepayment (settlement); The specific procedures should be handled by the mortgage bank, and the provident fund loan cannot be shortened.
What should I do if I want to withdraw the provident fund to repay the loan?
Withdrawal is to repay the housing provident fund loan: employees who pay off the housing provident fund loan in advance can apply for withdrawing the balance of the housing provident fund of employees and their spouses to repay the loan, and the withdrawal amount shall not exceed the balance of the loan or the balance of the housing provident fund of employees and their spouses; Workers who withdraw housing provident fund monthly to repay housing provident fund loans can choose to withdraw the balance of individual and spouse housing provident fund once a month or once a year for repayment. The withdrawal amount shall not exceed the monthly repayment amount or the actual repayment amount of the previous year. Materials to be provided: loan agreement for withdrawing housing provident fund and returning housing provident fund; The extracted housing provident fund is included in the employee repayment passbook, which is specially used for repayment of loans.
In addition, for the repayment of commercial housing loans, employees can choose to withdraw the balance of individual and spouse housing provident fund once a month or once a year to repay commercial housing loans. The withdrawal amount shall not exceed the monthly repayment amount or the actual repayment amount of the previous year; Materials to be provided: copy of loan contract, copy of repayment passbook, and one repayment statement of the previous year; The extracted housing provident fund is included in the employee repayment passbook, which is specially used for repayment of loans.
(The above answers were published on 20 13-02-05. Please refer to the current actual purchase policy. )
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