Meet the conditions. Provident fund generally refers to housing provident fund, which belongs to long-term housing savings. If the user handles the provident fund hedging business, he can directly repay the mortgage with the balance of the provident fund. I need to go to the provident fund center to handle the provident fund hedging business. In addition, provident fund hedging can also be divided into monthly hedging and annual hedging. The monthly loan is the repayment amount deducted from the mortgage every month, and the annual loan is deducted once a year to repay part of the loan principal in advance.
The condition for the provident fund to repay the mortgage is that the borrower has paid the housing provident fund in full and on time, and the balance of the provident fund account is not less than 12 times of the monthly deposit in the deposit account when signing the entrusted monthly repayment agreement. If the balance of the provident fund account is insufficient, the rest will be deducted from the repayment bank card bound by the customer.