? What is the repayment method of Chengdu housing provident fund?
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The loan term is within 1 year (including 1 year)? For provident fund loans, the repayment method is to repay the principal and interest once due. For provident fund loans with loan term exceeding 1 year, the borrower shall repay the loan principal and interest on a monthly basis. The repayment method is? Equal principal and interest and average capital. ?
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Note: Matching principal and interest means repaying the principal and interest of the loan in equal amount every month during the loan period. In the average capital, the loan principal is repaid in equal amount every month, and the loan interest decreases with the principal month by month.
What is the procedure for prepayment of provident fund?
General materials to be prepared by the borrower for prepayment:
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1. Apply for prepayment;
2. The borrower's ID card;
3. mortgage loan? Contract;
4. Repayment passbook or card;
5、 ? Property certificate.
? Repayment in advance processing flow:
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Repaying the loan in advance is different, and the handling process will be different. The general treatment process is as follows:
1. The applicant brings the above application materials to the central office or sub-center to apply for housing? Provident fund withdrawal procedure.
2. The Center will issue certificates to those who meet the application conditions. ?
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3. The applicant shall go through the withdrawal formalities at the designated bank acceptance point with the certificate issued by the center. ?
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? Precautions for advance payment:
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? Consider whether you can get the difference in income. Generally speaking, if you don't prepay, but invest the money originally used for prepayment, it is cost-effective to get higher income than prepayment interest expense. ?
? As far as loan opportunities are concerned, the impact of the current loan restriction policy cannot be ignored. Before the loan restriction policy, it was a reasonable choice for some borrowers to choose to repay the loan in advance, but they may not be able to apply for a loan after repayment in advance. " ?
? When the repayment period is over half and the total residual interest of the loan is not high, it is a good choice to invest the money repaid in advance in projects that may get higher returns. ?
? Does the order of prepayment pay attention to the interest rate of provident fund loans compared with the same period? The interest rate of commercial loans is very low. Therefore, if there are both commercial and housing provident fund loans, should you choose to pay them back first? Commercial loans and provident fund loans.
According to the relevant provisions of the provident fund loan contract, during the normal repayment period of the provident fund loan, the borrower may repay in part or in one lump sum in advance after the normal repayment with the consent of all parties to the loan contract.
(The above answers were published on 20 15-06-27. Please refer to the actual situation for the current purchase policy. )
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