Repayment with provident fund refers to the balance in the provident fund account of the main lender or the spouse and immediate family members of the main lender after the first monthly repayment, which is used to repay the monthly mortgage, including provident fund loans, portfolio loans or commercial loans. There are two ways to repay the loan from the provident fund, one is once a year, and the other is to repay the principal and interest every month.

Repayment of loan by provident fund is a kind of business behavior that the borrower repays the loan with the funds in the city's provident fund account after the establishment of individual housing loan.

First, there are two ways to repay the loan from the provident fund.

1, annual repayment, that is, one-time repayment.

It means to withdraw the balance of the housing provident fund account from the trustee once a year, repay the loan principal in one lump sum, and recalculate the monthly repayment amount according to the remaining loan principal and repayment period after repayment. After one-time repayment, the monthly repayment needs to use the customer's own funds, not the money in the provident fund account.

2. Monthly repayment, that is, monthly repayment method.

Refers to the monthly direct withdrawal from the customer's provident fund account to repay the loan principal and interest of the month. When the amount of the withdrawn provident fund is insufficient, the client shall make up the repayment amount in time. This way can not only offset the principal and interest of provident fund loans, but also offset the principal and interest of commercial loans.

Note: If the customer chooses the one-time repayment method, he cannot choose the monthly repayment method, but can only choose one of them. But if you want to change the repayment method in the future, customers only need to go to their own loan bank to change the repayment method.

Second, matters needing attention

(a) owing on the loan involves a long time, must be personally applied by the owner of the housing provident fund, others can't agent;

(two) the provident fund account that has applied for repayment of the loan can no longer apply for counter purchase;

(three) in the portfolio loan, the loan repayment affairs give priority to repay the principal and interest of the housing provident fund loan;

(4) Applicants should always inquire about the storage of provident fund accounts and repayment accounts. When the balance of the provident fund account is not enough to repay the loan, he still has to reserve enough funds in the repayment account in time to avoid bad credit of loans overdue and individuals;

(5) If the base number of the applicant's provident fund account changes (such as job transfer), the repayment method may change (such as monthly repayment instead of annual repayment), or the number of borrowers may increase or decrease, please go through the relevant change procedures in time;

(six) after the settlement of the housing provident fund loan, the loan repayment will naturally stop;

(7) The loan repayment transaction was first implemented in the Provincial Construction Bank and the Provincial Industrial and Commercial Bank. At present, only employees with provident fund accounts and loan banks in the same bank can apply for loan repayment, and cross-bank loan repayment applications will not be accepted for the time being. Industrial Bank will repay the loan after the transformation of its trading system interface.

(8) Applications for loan repayment account change and transfer will not be accepted from June 16 to June 19 every month.

(9) When applying for loan repayment, Industrial and Commercial Bank of China shall not obtain the loan repayment money stored in the deduction account without authorization, and the liability for breach of contract caused by insufficient balance shall be borne by the lender. Therefore, if the loan is expected to be repaid for two consecutive months, the loan repayment will be automatically terminated.

Can the balance of the combined loan provident fund repay the commercial loan? How to repay the provident fund loan?

Can the balance of the combined loan provident fund repay the commercial loan? How to repay the provident fund loan? Come and have a look with me.

The balance of the combined loan provident fund can be used to repay commercial loans, but it should be noted that the principle of giving priority to the provident fund is applied when the provident fund is used to offset loans.

After applying for a portfolio loan, the lender may apply to use the funds in his housing provident fund account to repay the loan directly. However, for the portfolio loan repayment business, only the individual housing loan part of the housing provident fund is supported, and the repayment of commercial loans is legally executed by commercial banks.

If you apply for a portfolio loan when buying a house, the balance of the monthly provident fund can be taken out to repay the commercial loan. Because the mortgage repayment meets the conditions for withdrawal of the provident fund, you can apply for a self-withdrawal signing agreement for commercial loans.

Handling process of provident fund loan repayment

1. When applying for offsetting loan repayment, the applicant shall provide the spouse's ID card, household registration book or a valid marriage certificate issued by relevant departments.

2. Applicants who have issued loans apply to the Center with the above materials, and fill in the "Annual Repayment Agreement for Housing Provident Fund Entrustment".

3. Applicants who apply for new loans apply to the loan bank with the above materials and fill in the entrustment agreement.

4. The Center authorizes the loan bank to review the accuracy of the materials and information provided by the applicant, sign the entrustment agreement if it meets the requirements, and submit a copy of the agreement to the Center.

5. After the relationship of entrusted loan repayment is established, the provident fund center will extract the balance of housing provident fund in these measures from the housing provident fund account of the loan repayment customer at the agreed time and transfer it to the entrusted bank for housing provident fund loans.

6. The entrusted loan repayment relationship shall take effect from the month following the signing of the entrusted loan repayment agreement.

Can commercial loans be repaid with provident fund every month?

You can use the provident fund to repay the loan every month. It is very common for provident fund to offset repayment. Just go to the provident fund management center to handle related business. After the transaction, the balance of the provident fund is withdrawn monthly or annually to deduct part of the repayment amount of the commercial loan. What are the requirements for applying for repayment of provident fund? 1. When applying for repayment of the provident fund, the borrower's housing provident fund will be paid normally, and there can be no suspension or deferment. 2. When applying for repayment of provident fund, the borrower must repay normally for more than two months, with good credit and no overdue behavior. 3. When the borrower who withdraws the provident fund for repayment applies for repayment, the deposit amount of the housing provident fund shall be kept in the deposit account for more than 6 months. How to repay the provident fund 1? The staff of the municipal provident fund management said: if the purchase time is less than one year, the loan can be deducted directly from the provident fund account every month. If the amount in the provident fund account has been purchased for one year, you can withdraw the loan to repay the house purchased by yourself and your spouse. When the amount of provident fund is insufficient, the client shall make up in time. This way can not only offset the principal and interest of commercial loans, but also offset the principal and interest of provident fund loans. 2. After handling the housing provident fund loan, the borrower will have a memory card of the housing provident fund, and then repay the bank loan monthly through this card. If there is some demand for prepayment, the repayment amount can be deposited before the fixed repayment date every month. It should be noted that the prepayment amount is deposited into the provident fund memory card three working days in advance, and then the telephone language system is operated. After the setting is completed, the housing provident fund management will automatically deduct the prepayment amount on the fixed deduction date, and then the repayment amount and new interest will facilitate the monthly repayment to generate a new date. Repay the loan principal once a year, and recalculate the monthly repayment amount according to the remaining loan principal and repayment period after repayment. After one-time repayment, the monthly repayment does not use the money in the provident fund account, but needs to use the customer's own funds.

How to use the provident fund to repay the loan? What materials need to be prepared?

Repayment with provident fund means repayment of housing loans with the balance of the borrower's provident fund, including commercial loans and portfolio loans.

These materials need to be prepared before handling: housing provident fund account number, ID card, marriage certificate, household registration book and borrower's latest loan repayment certificate.

You need to make an appointment with a bank outlet (the bank corresponding to the provident fund account number) in advance to repay the loan, and the processing period should not exceed 3 days.

Before handling, you need to confirm the repayment method, that is, choose "annual repayment" or "monthly repayment".

Annual repayment: withdraw the balance of housing provident fund to repay the loan balance in one lump sum, recalculate the monthly repayment amount and continue to repay it monthly, only once a year.

Monthly payment: directly withdraw the provident fund from the borrower's housing provident fund account every month to repay the principal and interest of the current month's housing loan. You can withdraw it every month, and you should replenish it in time when the balance is insufficient.

The provident fund of the borrower's immediate family members and spouses can also participate in repayment. The order is to offset the balance of the borrower's provident fund first. If the balance is insufficient, it can be offset by the provident fund of relatives and spouses.

Provident fund loans refer to loans enjoyed by employees who pay housing provident fund. According to national regulations, all employees who have paid housing provident fund can apply for individual housing provident fund loans according to the relevant provisions of provident fund loans.

Can the provident fund be hedged monthly to repay commercial loans? See what conditions are met?

Can the provident fund be hedged monthly to repay commercial loans? See what conditions are met? Come and have a look with me.

This is possible.

The monthly hedge of provident fund can be used to repay commercial loans. The monthly hedging business of provident fund is used to repay mortgage, including provident fund loans and commercial loans. Users only need to successfully handle the monthly hedging business. On the repayment date, the system will deduct the balance in the provident fund account first, and then continue to deduct money from the repayment bank card. However, if the deduction is initiated from the provident fund account and the deduction amount meets the monthly payment amount of the current month, the system will not initiate the deduction from the mortgage bank card.

Commercial loans can be used to hedge the monthly payment of provident fund. The following application conditions shall be met when handling the hedging business of monthly provident fund contributions:

1. The applicant has purchased a self-occupied house with all the property rights in this city (only ordinary houses with 70 years of property rights can apply for commercial houses with 50 years of property rights);

2. The main lender and the spouse of the main lender have no other provident fund loan debts and repayment business;

3. Banks that handle loan business have loan repayment business.