Can the balance of provident fund repay the loan?

The balance of provident fund can be used to offset the loan. However, different places have different regulations on provident fund. Before using the balance of provident fund to offset loans, it is best to consult the local provident fund management department.

there are two different repayment methods for provident fund offset loans, namely, one-time repayment (annual) and monthly repayment.

(1) one-time repayment. Borrowers who choose this repayment method have an opportunity to withdraw housing provident fund to offset the loan principal every year. After using the provident fund to offset the loan principal, the lending institution will recalculate the borrower's monthly payment. After offsetting the loan principal, the borrower can continue to repay the loan according to the newly calculated monthly payment.

(2) monthly repayment. Borrowers who choose this repayment method can withdraw part of their provident fund account every month to repay this month's monthly payment. If the withdrawn provident fund cannot fully pay off this month's monthly payment, the borrower will have to make up the difference himself. The provident fund withdrawn every month can not only be used to repay the monthly payment of provident fund loans, but also be used to repay the monthly payment of commercial loans without provident fund loans.

It should be noted that if one-time repayment is selected, the borrower can no longer choose monthly repayment. The borrower can only choose one of the two repayment methods.

can the provident fund be used to repay the loan?

generally, the paid provident fund can be used to repay the mortgage. The repayment of the mortgage by the provident fund is to entrust the bank to withdraw the money from the balance of the personal provident fund account to repay the loan monthly or in advance. There are two ways to repay the loan: annual repayment and monthly repayment.

legal analysis

if the flow rate is far below the minimum flow rate to ensure accuracy, there will be no output (such as vortex flowmeter) or the output signal will be cut off as a small signal (such as differential pressure flowmeter), which is unfavorable to the supplier and unfair. In order to prevent the loss of benefits, for a specific set of thermal energy metering equipment, the supply and demand sides often agree that a certain flow value is the "agreed lower limit flow" according to the flow measurement range and the achievable range, and it is agreed that if the actual flow is less than the agreed value, it will be charged according to the lower limit flow. The metrological administrative department of the people's government at or above the county level may set up metrological verification institutions according to needs, or authorize metrological verification institutions of other units to perform compulsory verification and other verification and testing tasks. Personnel who perform the verification and testing tasks specified in the preceding paragraph must pass the examination. This function is usually realized in the flow display instrument. The metrological administrative department of the local people's government at or above the county level shall, according to the needs of the local area, establish public standard instruments of measurement, which shall be used after passing the examination presided over by the metrological administrative department of the people's government at a higher level. Enterprises and institutions may, according to their needs, establish standards of measurement used by their own units, and the highest standards of measurement shall be used after passing the examination presided over by the metrological administrative department of the relevant people's government. The metrological verification shall be carried out on the spot in accordance with the principle of economy and rationality. Metrological verification must be carried out in accordance with the national metrological verification system table. The national metrological verification system table shall be formulated by the metrological administrative department of the State Council.

Legal basis

Regulations on the Management of Housing Provident Fund

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.

Article 27 An applicant who applies for a housing provident fund loan shall provide a guarantee.

I would like to ask whether housing provident fund can be used to repay loans.

Housing provident fund loans can be used to repay bank loans, which is judged according to the requirements of provident fund withdrawal: if the principal and interest of house purchase loans need to be repaid, if a house purchase loan contract is provided, the amount in the provident fund account can be transferred to a personal account.

provident fund loans can be used to repay bank loans, but you need to provide unit certificates, loan contracts, etc., but the amount of withdrawal will not be too much. You'd better consult the local housing provident fund management center.

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Let me introduce the housing accumulation fund:

1. Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions and their employees.

2. The housing accumulation fund system is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed. Units and individual employees must fulfill the obligation to pay housing provident fund according to law.

3. The housing accumulation fund system is actually a housing security system and a form of monetization of housing distribution.