How can the provident fund repay commercial loans?
1. One-time repayment method: withdraw the balance of housing provident fund, repay the loan balance in one lump sum, recalculate the monthly repayment amount, and continue to repay the loan on a monthly basis, only once a year; 2. Monthly repayment method: the repayment method of withdrawing the principal and interest of the current month's housing loan from the borrower's housing provident fund account every month, which can be withdrawn every month.
What are the precautions for provident fund loans?
1. Prepare loan application materials.
There are many materials needed to apply for provident fund loans, so it is necessary to prepare in advance before applying, which can save a lot of procedures. In addition, my ID card, household registration book, spouse certificate should also be prepared, and some related materials should also be prepared.
2. Don't use the provident fund before applying.
Employees can apply for loans when they have paid the provident fund for enough time, and the regulations vary from place to place, so they need to know the application situation in their respective areas. Be careful not to use the provident fund before applying for a loan, because using the provident fund in advance will make the account amount zero, so you must not use it in advance.
3. Apply for repayment after one year of loan.
According to the relevant regulations, if the loan is repaid in advance within one year, there will be more liquidated damages to be repaid, so there is no need to rush to repay it, as long as it is repaid within the prescribed time limit.
4. Pay attention to the mortgage cancellation procedures after repayment.
I feel relaxed after paying off the mortgage, but I should also pay attention to the mortgage procedures of the house. Otherwise, my house is still mortgaged in the bank and I can't arrange the house at will. So I have to make sure all the formalities are done, so that I can rest assured in the future.
5. You can't lose the contract and the loan.
Many people usually do things carelessly, but we should not underestimate the mortgage, otherwise it will easily cause some trouble for ourselves. It should be noted that after the provident fund loan is completed, all contracts and IOUs should be sorted out and not lost, otherwise things will become very troublesome.
How to repay the provident fund or commercial loan?
When the provident fund repays the commercial loan, it can directly apply to the local provident fund management center to directly deduct the loan from the provident fund account every month. Processing steps: the user brings the provident fund card and commercial loan materials to the outlet of the mortgage bank, and at the same time signs the Power of Attorney for Using the Housing Provident Fund to Return the Housing Loan, and the subsequent bank will automatically deduct the money from the provident fund account.
The mortgage that the user handles in the commercial bank must be returned on time, and there can be no overdue situation, because there will be penalty interest after the overdue, and the longer the time, the more penalty interest. Moreover, after the deadline, the bank will collect it, and the overdue records will be uploaded to the credit information center, which will lead to the deterioration of personal credit information.
You can choose different repayment methods when applying for a mortgage. Generally, there is an average capital with equal principal and interest. On the premise of the same loan conditions, the total interest of equal principal and interest repayment is more than the average capital, and the monthly repayment amount is also different. Average capital and interest are the same every month, and the average capital is decreasing.
It is worth noting that users can return the mortgage in advance after handling it in the bank, which can save interest expenses. However, it is best not to exceed half of the total repayment time when returning in advance, because returning in advance after the expiration will save less interest, and then you can make up the interest expenses through financial management.
How to repay the mortgage with the provident fund?
1. Online processing. Workers must first go to the city housing provident fund center for signing procedures. Married employees who have opened online withdrawal can apply for repayment of housing provident fund loans, housing provident fund portfolio loans and discount loans by themselves through online channels such as WeChat WeChat official account and personal online hall, and employees do not need to provide any materials. Single employees can go through the signing formalities through the counter.
2. Off-line processing. In addition to self-service repayment of housing provident fund loans or contract signing procedures through online channels, employees can also apply for contract signing through the counter and provide the following original materials:
(1) ID card;
(2) Marriage certificate (single declaration) and other marriage certification materials;
(3) Including the repayment credentials of the commercial loan account number, the relevant information of the loan can be verified through data investigation.
1. Online processing. Workers must first go to the city housing provident fund center for signing procedures. Married employees who have opened online withdrawal can apply for repayment of housing provident fund loans, housing provident fund portfolio loans and discount loans by themselves through online channels such as WeChat WeChat official account and personal online hall, and employees do not need to provide any materials. Single employees can go through the signing formalities through the counter.
2. Off-line processing. In addition to self-service repayment of housing provident fund loans or contract signing procedures through online channels, employees can also apply for contract signing through the counter and provide the following original materials:
(1) ID card;
(2) Marriage certificate (single declaration) and other marriage certification materials;
(3) Including the repayment credentials of the commercial loan account number, the relevant information of the loan can be verified through data investigation.
What materials do I need to apply for provident fund repayment?
To withdraw housing provident fund, individuals need to provide an application form for withdrawing housing provident fund, a house purchase contract or a house ownership certificate and its photocopy, a loan contract signed with a bank and its photocopy, the original and photocopy of the applicant's ID card, and the original loan repayment bank card.
1. What materials do you need to repay the mortgage with the provident fund?
What information is required for the loan to buy a house and withdraw the provident fund as follows:
1, housing provident fund withdrawal application form
2. The original and photocopy of the house ownership certificate or immovable property certificate.
3. The original and photocopy of the loan contract
4. Original and photocopy of purchase invoice
5. Original ID card of the applicant
6. Copy of the applicant's bank card
If the house purchase in this city is a commercial loan or a portfolio loan, the loan information issued by the loan department of the handling bank shall be submitted. If you buy a house in a different place to repay the loan principal and interest, you need to submit the loan repayment record issued by the bank. If the house ownership certificate or immovable property certificate only belongs to the husband and wife, the original and photocopy of the marriage certificate shall be submitted when the shares are withdrawn.
Second, how to withdraw the provident fund from the house purchase loan?
First, the employees apply to the unit, and after verification, the unit issues an application for withdrawal of housing provident fund to the employees, and affixes the seal reserved by the unit in the bank. Workers go to the savings office with loan contracts, monthly repayment passbooks and withdrawal application forms. Employees applying for provident fund loans can only be used for buying houses.
If you buy a house at one time, you can withdraw an integer multiple of the balance in your provident fund account with the purchase contract and purchase invoice within half a year. If the balance of your provident fund account is 1870 yuan, you can withdraw 1800 yuan. Because decoration is not allowed to apply for provident fund loans or withdraw provident fund.
For mortgage loan, you can withdraw all the balance in your provident fund account once a year to repay the loan. Before handling the provident fund loan, the provident fund in the account shall not be withdrawn. After handling the loan, you can withdraw the provident fund from your account once a year for repayment.
3. Can I withdraw the provident fund on the same day?
You can't withdraw the provident fund on the same day, and you can get the housing provident fund about a week after you go through the withdrawal procedures. Housing provident fund withdrawal audit refers to the provident fund management department (sub-management department) or various entrusted provident fund withdrawal business handling bank outlets.
Employees need to apply to the company first. After verification, the company will issue an application for withdrawal of housing provident fund to employees, and affix the seal reserved by the company to the bank. Employees can go through the formalities in the bank with their own loan contracts and the withdrawal application opened by the unit. Employees can withdraw whole numbers from the provident fund account to repay their mortgages every year.
How to repay commercial loans with housing provident fund
If you pay the housing provident fund continuously for more than half a year, you can use the housing provident fund to repay the housing loan. You can apply to the accounting department of the unit for withdrawal of provident fund with your ID card, household registration book, marriage certificate, purchase contract and payment. Provident funds can be used to repay loans every month. You can also withdraw the balance of the provident fund from the housing provident fund account and repay the loan at one time. Many people repay their loans in this way after retirement. You can also withdraw the balance of the provident fund account and repay the loan in advance.
Measures for the return of housing provident fund to housing loans
1. One-time repayment method.
You can withdraw the full amount from the housing provident fund account and repay the loan at one time. Most retired people will take this way to repay their mortgages. If there is still room payment after repayment with the balance of provident fund, it can be recalculated according to the remaining loan and repayment period to determine the monthly repayment amount in the future.
2. Stop lending for several months.
Withdraw the balance of the provident fund account for mortgage repayment. After repaying the loan in advance, the lender may stop lending for several months. After the repayment stop time expires, the lender needs to continue to repay on a monthly basis. The interest owed during the suspension period is not subject to penalty interest or compound interest, and will be deducted from the monthly repayment after the suspension period expires.
3. Monthly repayment method.
Withdraw the amount from the housing provident fund account on a monthly basis to repay the housing provident fund. When the balance of the housing provident fund account is insufficient, the account amount shall be replenished in time.
If you are still in the process of repayment of the provident fund, but the deposit of the provident fund is suddenly interrupted, you should pay back the unpaid provident fund in time. If the housing provident fund account needs to be transferred to a new unit, it must be completed within three months, and the original procedures should be provided to prove the job transfer.
Although the housing provident fund can help employees solve a variety of housing-related monetary needs, the balance of the housing provident fund account cannot be used to pay the down payment. Before handling the housing provident fund loan process, it is necessary to provide the management core with a down payment transfer receipt. After completing the housing provident fund loan process, you can apply to the local housing provident fund management core for withdrawing the balance in the account with certificates such as real estate license, commercial housing sales contract, mortgage contract, price contract, repayment details and ID card.
Buyers who use the housing provident fund for personal housing loans, housing portfolio loans or commercial housing loans may apply for repayment of the provident fund. The spouse and immediate family members of the purchaser can repay the loan with their own provident fund.
Housing accumulation fund is a monetized form of housing subsidies for residents by the state, which is paid by employees themselves and their work units. The core of housing provident fund management is to entrust banks with fund management and lending. Housing accumulation fund is both strange and familiar to many people. We pay the provident fund every month, but many people are still useless. From the perspective of financial management, we should not only give play to the function of repaying mortgage with provident fund, but also tap the functions of accumulation of provident fund savings and pension supplement.
Provisions on provident fund loans vary from place to place. Please consult the local provident fund management center for specific procedures.