; ? Many banks have granted provident fund credit loans. Lenders can apply for a sum of money from banks for personal consumption as long as the time and amount of the provident fund deposit meet the requirements without mortgage guarantee. After successful handling, you must repay the loan on time, and some lenders want to use the provident fund to repay the loan. So, is this feasible? Let's take a look.
1. how to repay the provident fund credit loan? After the provident fund credit loan is successfully handled, a repayment account will be opened, and the lender needs to return the money to the account every month so as not to be overdue. There are many repayment methods, such as transfer repayment or automatic repayment with bank card, but it is necessary to ensure full repayment and the repayment amount can arrive in time.
2. Can the provident fund credit loan be repaid with the provident fund? Although the provident fund credit loan is a loan with the provident fund as a voucher, it has nothing to do with the funds in the provident fund account and can only be repaid with the lender's own funds. Some people may say that the money in the provident fund account is withdrawn to repay the provident fund credit loan, which depends on the specific situation. The provident fund supports the extraction of these situations: 1. Extract the provident fund for the construction, renovation and overhaul of houses, as well as the purchase of houses with commercial loans; 2. Withdraw the common reserve fund to pay the economic rental housing rent with rent or government rent subsidy, as well as the market rental rent; 3. Withdraw the common reserve fund for the medical expenses of serious illness or serious illness of immediate family members; 4. Withdraw the provident fund for the daily living expenses of low-income households or poor households; 5 If you retire or retire, you can withdraw the provident fund at any time and cancel the provident fund account after withdrawal; 6. If you settle abroad, you can withdraw the provident fund at any time and cancel the provident fund account after withdrawal; 7 If you move to another province, you can withdraw your own provident fund at any time and cancel your provident fund account after withdrawal. In 4~7 cases, the use of the provident fund after withdrawal is not clearly defined, and it is also supported to repay the provident fund credit loan. Can the provident fund pay back the credit card?
No.
According to the Regulation on the Management of Housing Provident Fund:
Article 24: Employees may withdraw the storage balance in the employee's housing provident fund account under any of the following circumstances:
(1) purchasing, constructing, renovating or overhauling their own houses;
(2) retired;
(3) completely losing the ability to work and terminating the labor relationship with the unit;
(4) leaving the country to settle down;
(5) repaying the principal and interest of the house purchase loan;
(6) 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 legatee can 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 will be included in the value-added income of the housing provident fund.
Extended information:
According to the Regulations on the Management of Housing Provident Fund:
Article 25 Where an employee withdraws the balance stored in the housing provident fund account, the employer shall verify it and issue a certificate of withdrawal.
employees should apply to the housing provident fund management center for withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or not to withdraw, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment formalities.
article 27: an applicant who applies for a housing provident fund loan shall provide a guarantee.
article 28: the housing provident fund management center may use the housing provident fund for purchasing government bonds with the approval of the housing provident fund management Committee on the premise of ensuring the withdrawal and loan of the housing provident fund.
the housing provident fund management center shall not provide guarantees to others. Can the credit card be repaid with the housing provident fund loan?
You can't repay the credit card with the housing provident fund loan until the credit card is repaid. The housing provident fund loan can only be used for housing-related project loans. Personal accounts of housing provident fund cannot be withdrawn on the condition of repaying credit cards.
according to article 5 of the regulations on the management of housing provident fund, housing provident fund should be used for employees to purchase, build, renovate and overhaul their own houses, and no unit or individual may use it for other purposes.
article 26 employees who have paid housing provident fund may 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, within 15 days from the date of accepting the application, make a decision on whether to grant or not to grant loans, and notify the applicant; If the 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.
Extended information:
Article 24 of the Regulations on the Management of Housing Provident Fund, employees may withdraw the storage balance in their housing provident fund accounts under any of the following circumstances:
(1) purchasing, constructing, renovating or overhauling their own houses;
(2) retired;
(3) completely losing the ability to work and terminating the labor relationship with the unit;
(4) leaving the country to settle down;
(5) repaying the principal and interest of the house purchase loan;
(6) 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 will be included in the value-added income of the housing provident fund.
Baidu Encyclopedia-Regulations on the Management of Housing Provident Fund