1. When applying for offsetting loan repayment, the applicant shall provide the spouse's ID card, household registration book or a valid marriage certificate issued by the civil affairs department.

2. Applicants who have issued loans apply to the Center with the above materials, and fill in the "Annual Repayment Agreement for Housing Provident Fund Entrustment".

3. Applicants who apply for new loans apply to the loan bank with the above materials and fill in the entrustment agreement.

4. The Center authorizes the loan bank to review the accuracy of the materials and information provided by the applicant, sign the entrustment agreement if it meets the requirements, and submit a copy of the agreement to the Center.

5. After the relationship of entrusted loan repayment is established, the provident fund center shall extract the balance of housing provident fund as stipulated in the present Measures from the housing provident fund account of the loan repayment customer at the agreed time and transfer it to the entrusted bank of housing provident fund loan.

6. The entrusted loan repayment relationship shall take effect from the month following the signing of the entrusted loan repayment agreement.

There are two ways to hedge repayment of provident fund:

1, in April or September of each year compared with the same period of last year, directly offset the personal account balance of the provident fund of the main lender and other eligible immediate family members (immediate family members who have been registered together for more than 1 year only) against the total loan principal, readjust the monthly repayment amount, and relatively reduce the monthly repayment amount.

2. Monthly repayment: the balance of personal provident fund account will offset the monthly loan principal and interest. In portfolio loans, the monthly payment of provident fund loans is given priority, and the rest is offset by the monthly payment of commercial loans. When the balance of the account is insufficient, the customer only needs to make monthly repayment after deducting the monthly contribution of the provident fund. When using the provident fund to repay the loan, you can prepare the following materials: housing provident fund account number, ID card, marriage certificate, household registration book, and the borrower's latest loan repayment certificate.

To sum up, hedging repayment is to repay the mortgage with the balance of the housing provident fund account every month. Because the employee's housing provident fund is paid once a month, the balance of the provident fund account will increase every month.

Legal basis:

Article 25 of the Regulations on the Management of Housing Provident Fund

If the employee withdraws the balance stored in the housing provident fund account, it shall be verified by the unit where he works and a certificate of withdrawal shall be issued.

Workers 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 disapprove the withdrawal, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures.

Article 26

Workers who have paid housing provident fund can apply for housing provident fund loans to the housing provident fund management center when purchasing, building, renovating or overhauling their own houses.