1. Free repayment of provident fund means that when applying for housing provident fund loan to buy a house, the housing provident fund management center gives the minimum repayment amount according to the loan amount and term, and the monthly repayment amount is not fixed in the future, but it can be freely arranged according to its own income on the premise that the repayment amount is not lower than the minimum repayment amount.
2. Housing accumulation fund is a housing security system and a form of monetization of housing distribution. 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 their obligations to pay housing provident fund according to law. The housing provident fund paid by individual employees and the housing provident fund paid by the unit shall be stored in special accounts and owned by individual employees. There are generally two ways to repay the loan from the provident fund; One-time or monthly, the specific provident fund depends on local rules and regulations.
3. One-time repayment method: refers to withdrawing the balance of the housing provident fund account from the entrusted bank once a year, repaying the loan principal in one lump sum, and recalculating the monthly repayment amount according to the remaining loan principal and repayment period after repayment. After one-time repayment, the monthly repayment needs to use the customer's own funds, not the money in the provident fund account. 4. Monthly repayment method: refers to the method of directly withdrawing the loan principal and interest of the current month from the customer's provident fund account every month. When the amount of the withdrawn provident fund is insufficient, the client shall make up the repayment amount in time. This way can not only offset the principal and interest of provident fund loans, but also offset the principal and interest of commercial loans.
5. Housing accumulation fund refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees.