Loans paid back to the provident fund in different places are not necessarily deducted from the provident fund. Provident fund loans can be repaid with their own funds or with the balance of the provident fund account. If the user wants to use the balance of the provident fund account to repay the loan, he can handle the repayment business, that is, entrust the bank to withdraw the balance of the personal provident fund account to repay the loan, mainly in two ways: annual repayment and monthly repayment. After applying for a provident fund loan, you need to repay the loan on time. If you don't repay in time according to the regulations, it will directly affect your personal credit information. When the balance in the housing provident fund account is greater than the required repayment amount, it will be deducted directly from the provident fund account. When the balance of the account is insufficient to deduct the repayment amount, the required repayment amount shall be deposited into the provident fund joint card. It should be noted that the deposit amount must be equal to or greater than the repayment amount of this period, and the part less than the provident fund cannot be deposited. Go to the loan bank on June 1-20 every month to repay the loan principal and interest in cash.

Provident fund loan process:

1. preliminary examination: the housing provident fund management center conducts preliminary examination of the materials submitted by the applicant, including the applicant's qualification, loan amount, loan period, etc. After passing the preliminary examination, the center will issue the Notice of Collateral Review and Evaluation;

2. Appraisal: The applicant holds the Notice of Collateral Examination and Appraisal to the appraisal institution designated by the Center to appraise the value of the purchased house. Affordable housing does not need to be evaluated;

3. Audit: The applicant will go to the center for loan audit with the evaluation report issued by the evaluation agency and the preliminary examination materials required by the center. Qualified, the center issued the "housing provident fund management center entrusted loan investigation notice";

4. Handling the guarantee procedures: The applicant shall handle the guarantee procedures according to the guarantee method chosen by himself with the Notice of Investigation on the Entrusted Guarantee Loan of the Housing Provident Fund Management Center. If mortgage guarantee is selected, the guarantor shall issue a written guarantee; If you choose mortgage insurance or third-party guarantee, you should apply for insurance in an insurance company or go through the formalities of entrusted guarantee in a guarantee institution;

5. Sign a loan contract;

6, housing fund management center and the entrusted bank loan agreement;

7. The borrower directly submits a loan application to the housing fund management center, and the entrusted industry can summarize the borrower's application according to the needs and submit it to the housing fund management center for approval;

8 housing fund management center approved the amount, duration and interest rate of each loan, and signed an entrusted loan contract with the entrusted bank.

To sum up, the monthly repayment of provident fund loans can be deducted from the provident fund account, paid in cash or deposited in a bank savings account. When the balance in the housing provident fund account is greater than the required repayment amount, it will be deducted directly from the provident fund account.

Legal basis:

Article 24 of the Regulations on the Management of Housing Provident Fund

In any of the following circumstances, the employee may withdraw the storage balance in the employee housing provident fund account:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) 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 shall be included in the value-added income of the housing provident fund.