Repayment method of housing provident fund loan: 1. One-time repayment method: withdraw the balance of housing provident fund from the housing provident fund account and make one-time repayment. 2. Stop repaying the loan for several months, withdraw the balance of the provident fund account and repay the loan in advance. After repaying the loan in advance, the lender may stop lending for several months. After the loan repayment period ends, the lender shall continue to repay the loan on a monthly basis. No penalty interest or compound interest will be charged for the interest owed during the suspension period. 3. Monthly repayment method: directly withdraw the provident fund from the provident fund account for repayment every month. When the amount of housing provident fund withdrawn is insufficient, the lender shall make up the repayment amount in time.
Legal objectivity:
Article 26 of the Regulations on the Management of Housing Provident Fund stipulates that employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.