According to the loan contract and agreement signed between the loan bank and the borrower, the borrower shall repay the loan on a monthly basis in the month after the loan is issued. When the borrower entrusts the loan bank to withhold and remit the loan principal and interest every month through the savings card and passbook, he should also entrust the provident fund center and the loan bank to withdraw the housing provident fund of himself and his spouse every month and transfer it to the bank savings account of the borrower's housing provident fund card as the withholding fund for repaying the loan principal and interest next month. In this way, the provident fund center will directly transfer the housing provident fund paid by you and your spouse to your loan bank card every month, and directly use the balance of your own and your spouse's housing provident fund account to repay the provident fund loan in advance. When the borrower entrusts the loan bank to withhold and remit the loan principal and interest every month through the savings card and passbook, he should also entrust the provident fund center and the loan bank to withdraw the housing provident fund of himself and his spouse every month and transfer it to the bank savings account of the borrower's housing provident fund card as the withholding fund for repaying the loan principal and interest next month. In this way, the provident fund center will directly transfer the housing provident fund paid by you and your spouse to your loan bank card every month, and directly use the balance of your own and your spouse's housing provident fund account to repay the provident fund loan in advance. "Regulations on the Management of Housing Provident Fund" Article 24 Employees may withdraw the balance of the housing provident fund account under any of the following circumstances: (1) purchasing, building, renovating or overhauling their own houses; (2) retirement; (three) completely lose the ability to work, and terminate the labor relationship with the unit; (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. In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund. Warm reminder that the above answer is only for the current information combined with my understanding of the law. Please refer carefully! If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.

Second, is the free repayment method of provident fund loans good?

Free repayment of provident fund loans is easy to use. The advantage of free repayment of housing provident fund is that borrowers can not only make normal monthly repayment through free repayment, but also adjust the monthly repayment amount, repay overdue loans, pay off all loans in advance, inquire repayment status, print repayment details, change repayment accounts, modify or reset the password of loan entrustment system, and print loan repayment certificates.

For young people in the industry, their wages are low and their repayment ability is low, so some people may now have good unit benefits and higher income. Therefore, I hope that in recent years, they can repay as freely as possible, so that borrowers can balance the amount.

It should be noted that if the borrower has been paying the minimum repayment amount, he will face a huge sum of 300,000 yuan when the loan expires, with a term of 20 years. According to the monthly minimum repayment amount, he will pay back137,000 yuan.

Third, the repayment method of provident fund loans

Don't believe in the way of waiting for principal and interest, as long as you borrow it for a long time and pay it back for a short time. The application time is the longest, and the repayment time is the shortest and the most economical! You can pay in advance, the provident fund is once a year, and the bank has no restrictions in this regard!

4. What is the best way for the provident fund to repay the loan in advance?

1.

First of all, users need to call the provident fund management center to make an appointment for prepayment and determine the prepayment amount;

2.

Then, the borrower submits an application for prepayment of housing provident fund loans and provides relevant information for prepayment to the bank for approval;

3.

After the approval of the bank, it will be approved by the provident fund management center;

4.

After the approval of the provident fund management center, you can go to the bank to handle the loan prepayment.