How to repay the loan in the provident fund account?
Whether it is a commercial loan or a provident fund loan, you can use the balance of the provident fund account to repay.
1, commercial loan
Commercial loans cannot be repaid directly with the balance of the provident fund account, and provident fund loans must be withdrawn first, provided that the conditions for withdrawal are met. When withdrawing provident fund to repay commercial loans, the repayment time of commercial loans shall not be less than 1 year, and the withdrawal amount shall not exceed 24 months. Requirements vary from place to place.
Extraction, should fill in the "housing provident fund monthly extraction power of attorney". After the withdrawal is successful, the housing provident fund center will pay the withdrawal amount to the commercial loan repayment card in one lump sum, and then the commercial loan bank will automatically deduct it every month. After the deduction, the lender will deposit the money in the repayment card.
2. Provident fund loans
To repay the provident fund loan with the balance of the provident fund account, a repayment signing agreement is required. If the co-lenders must sign an agreement, the repayment will be deducted from the balance of the provident fund account on the repayment date according to the agreed repayment method, and the order is the main lender's provident fund account-the sub-lender's provident fund account-the repayment card.
Note that there are two types of provident fund repayment: one-month repayment and one-time repayment. The difference is that the former is deducted from the balance of the provident fund account every month, and the principal interest will not decrease; One-time hedging or direct hedging of part of the principal, with the reduction of the principal amount, the remaining monthly repayment amount will also decrease.
The above is the relevant introduction of "How to repay the loan in the provident fund account", and I hope it will help everyone.