Deduct money from the designated bank card or provident fund card.

1. After the provident fund loan application is successful, the lender can choose to debit the bank card or the provident fund card. If he wants to deduct money from the provident fund account, he can apply for the provident fund hedging business. If he wants to deduct money from the bank card, he can bind the bank card.

2. After handling the fund hedging business, the system will deduct the fund balance for repayment first, and only when the fund balance is insufficient will it be deducted to the designated bank card. The provident fund loan has a main lender and a sub-lender, and the deduction from the bank card of the main lender is given priority.

3. The provident fund loan calculator is used to calculate the monthly loan amount, the total interest to be paid and so on. Divided into three calculation methods: equal principal repayment, equal principal and interest repayment and free repayment.

4. Average capital refers to a repayment method of loans. During the repayment period, the total loan amount will be divided equally, and the principal and interest will be repaid in equal amount every month. Because the monthly debt service is fixed, the interest is getting less and less. Calculation formula of average capital loan: monthly repayment amount = (loan principal/repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.

5. Matching principal and interest refers to a repayment method of housing loans. During the repayment period, the same amount of loans will be repaid every month. The formula for calculating the monthly repayment amount of equal principal and interest is as follows: [loan principal × monthly interest rate ×( 1+ monthly interest rate) repayment months ]=[( 1+ monthly interest rate) repayment months-1.

1. Provident fund is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed. Units and individual employees must fulfill their obligations to pay housing provident fund according to law. The housing provident fund paid by individual employees and the housing provident fund paid by the unit shall be stored in special accounts and owned by individual employees.

2. If you want to apply for a provident fund loan, you must first pay the provident fund in full and continuously. Units that employ employees shall go to the provident fund management center for deposit registration within 30 days from the date of employment. And with the audit documents of the provident fund management center, go to the entrusted bank to handle the establishment or transfer procedures of the employee provident fund account.

Provident fund loans deduct the balance of provident fund first, or deduct the money in the bank card first?

Different regions have different policies. In some places, the balance of the provident fund loan is deducted first, and in some places, the money in the bank card is deducted first.

Letter of credit clause

1. Only employees who participate in the housing provident fund system are eligible to apply for housing provident fund loans. Employees who have not participated in the housing provident fund system cannot apply for housing provident fund loans. 、、、

2. If you participate in the housing provident fund system, you must also meet the following conditions to apply for a housing provident fund personal housing loan: that is, you must pay the housing provident fund continuously for not less than 6 months before applying for the loan. Because, if the employee's behavior of paying housing provident fund is abnormal and intermittent, it means that his income is unstable and he is prone to risks after issuing loans.

3. If one of the husband and wife has applied for a housing provident fund loan, both husband and wife shall not obtain a housing provident fund loan again before paying off the principal and interest of the loan. Because the housing provident fund loan is a kind of "housing security" financial support to meet the basic housing needs of workers' families.

4. When applying for a housing provident fund loan, the loan applicant must have a relatively stable economic income and repayment ability, and there are no other outstanding debts that may affect the repayment ability of the housing provident fund loan. When employees have other debts, it is risky to lend to housing provident fund, which violates the principle of safe operation of housing provident fund.

Personal recommendation

If in doubt, you can directly bring relevant information to the local social security bureau for consultation. Generally speaking, the monthly repayment of the provident fund will be deducted first, and then the bank card will be deducted after it is successfully processed, and the corresponding form must be filled out, which will not affect your normal life. It should be noted that for provident fund loans, the first 1 month repayment is to deduct the money on the card first, so you must first deposit the money on the card after processing, in case of emergency.

loan limit

Most cities have stipulated the maximum amount of a single housing provident fund loan. For example, the maximum amount of a single housing provident fund loan in Chengdu is 600,000 yuan; The maximum amount of Guangzhou housing provident fund loans is 500,000 yuan for individuals and 800,000 yuan for two or more applicants.

Secondly, the maximum loan amount of housing provident fund does not exceed 70% of the total purchase price;

When applying for provident fund loan, the monthly repayment amount/monthly income should not exceed 50% (including the sum of the monthly repayment amount of existing liabilities and current liabilities). The loan period of housing provident fund is 1-30 years, and the longest period shall not exceed the time when the borrower is away from the statutory retirement age; On the basis of considering their repayment ability, employees approaching retirement age can appropriately relax the loan period 1-3 years.

Where did the money deducted from the provident fund repayment go? brief introduction

; ? Housing provident fund loans can save a lot of housing costs for buyers, and are the first choice for everyone who pays the provident fund to buy a house. Provident fund loans are automatically deducted from the bank every month to recover the loans. Some friends don't know where the money is deducted, whether it is a provident fund account or a repayment card account. Let's have a look.

Where did the money deducted from the provident fund repayment go?

There are two main ways to deduct money from provident fund loans. One is to deduct money from the provident fund account for repayment. One is to deduct money from the repayment account provided by a savings card, such as a joint housing provident fund card. Where to deduct the money depends on how the loan contract signed by the loan bank and the lender is agreed.

1. Deduct from the provident fund account:

If the deduction method agreed in the loan contract signed by the lender is to collect the provident fund on a monthly basis, the provident fund management center will transfer the balance of the provident fund account to the repayment card on the 20th of each month, and the bank will collect the loan principal and interest by deducting money from the repayment card.

This requires constant attention to the balance of the provident fund account. When the account balance is insufficient, you must deposit money in the repayment card before the bank deducts money. For example, some companies may not pay the provident fund to their employees in time for various reasons. If the lender has no money in the provident fund account and fails to deposit money in the repayment card in time, the bank deduction will be overdue.

2. Deduct money from the repayment card account:

Although some lenders have paid the provident fund, but the monthly contribution of the provident fund is too low to deduct the monthly repayment amount, they may choose to deduct money from the repayment card every month and deposit it in the repayment card for the bank to deduct money, so that the money in the provident fund account will not move.

In this way, when there is more money in the provident fund account, it can be extracted to pay property management fees, rent, construction, renovation and overhaul of self-occupied housing; Or directly withdraw it when you retire, and so on.

The above is the relevant introduction of "Where did the money deducted from the provident fund repayment go?" I hope it will help everyone. If you don't understand anything about the repayment of provident fund, it is recommended to call the local housing provident fund management center for consultation.