Do you need to pay back the provident fund? For example, if I buy a house of 800,000 yuan, I will get a provident fund loan of 400,000 yuan, a down payment of 240,000 yuan, and the rest will be a combined commercial loan of 1.6 million yuan. If your loan has been approved and you get the loan contract, you don't have to pay back the provident fund, but the repayment method is different.

The following are the repayment methods of the provident fund:

(1) If the loan term is within 1 year (including 1 year), the principal and interest will be repaid in one lump sum.

(2) If the loan term exceeds 65,438+0 years, the borrower can choose to repay the principal and interest in equal amount or the principal in equal amount.

Average capital repayment method, that is, the borrower repays the principal in equal amount every month, and the interest decreases with the principal month by month.

The borrower repays the loan on a monthly basis, and can choose to repay the loan in cash at the counter or entrust the lender to deduct the money.

If the loan is repaid by the lender, the borrower shall sign a repayment agreement with the lender, open a savings account with the lender, and store the deposits used to repay the loan principal and interest on a monthly basis to ensure that the balance of the monthly savings account is sufficient to pay the loan principal and interest, and the lender will deduct the loan principal and interest from the account on a monthly basis.

The borrower can prepay for many times or at one time. If the loan is repaid in advance, the borrower shall notify the lender in advance. After the lender agrees, the lender will charge interest according to the agreed interest rate and loan balance, and the interest charged will not be adjusted.

Repayment of provident fund loans:

1. Flexible repayment method: the repayment method of provident fund loans is extremely flexible. As long as the monthly repayment amount is not lower than the "minimum repayment amount", the borrower can determine the monthly repayment amount at will, which is very convenient for the borrower to arrange funds.

2. Convenient prepayment: prepayment of provident fund loans.

3. The quota is flexible and easy to control funds. The prepayment amount of commercial loans must be a multiple of 1 0,000 or 50,000, but there is no specific provision for provident fund loans. As long as it is greater than the "minimum repayment amount", it is all regarded as the prepayment amount.

4. There is no limit to the number of times, and repayment can be made in advance on a monthly basis. Some commercial loans have clear provisions on the number of prepayments. For example, 1 year can only be repaid three times in advance. Provident fund loans have three prepayment opportunities every month, and lenders can even adjust their prepayment amount at any time every month.

5. Write down the principal first to reduce the total interest.