1, automatic deduction

After applying for provident fund mortgage, the borrower can choose automatic deduction to repay the monthly payment. Automatic deduction of provident fund refers to successful deduction when the balance of any one of the main lender's provident fund account, auxiliary lender's provident fund account, repayment card and three accounts is greater than or equal to the principal and interest of the loan to be repaid. As long as there is enough balance in the account, the expenses that need to be deducted can be automatically deducted every month, and there is no need to set an alarm clock to remind repayment every month.

2. Hedge loan repayment

Mortgage repayment of housing provident fund is to entrust the bank to withdraw funds from the balance of individual provident fund account for monthly or early repayment. Mortgage repayment can be divided into "annual mortgage" and "monthly mortgage".

The annual repayment method is equivalent to partial prepayment once a year, but this method gives priority to repaying the principal of provident fund loans, and the monthly repayment amount must be repaid in cash. Using monthly repayment method, in addition to the "monthly principal and interest payable" of provident fund loans, it can also offset the "monthly principal and interest payable" of commercial loans.

If the borrower wants to apply for provident fund to repay the loan in advance, he needs to submit an application for early repayment to the municipal housing provident fund, which will be reviewed and signed by the staff of the credit department and stamped with the business seal of the credit department. Then go to the bank for repayment with the Application for Early Repayment.