Provident fund loans can be repaid in advance after one year. There are two ways to repay the loan in advance by provident fund: full prepayment and partial prepayment. Borrowers who have issued personal housing provident fund loans and whose loans have not yet expired may use self-raised funds to repay the loan principal in advance.
To apply for prepayment, you need to provide the following information:
1. Borrower's ID card and household registration book, including the first page, personal page and change page of household registration book, as well as copies of ID card and household registration book;
2. ID card and household registration book of the borrower's spouse. The account book needs to include the first page, personal page and change page of the account book, as well as a copy of the ID card and account book;
3 proof of marital status, including marriage certificate, divorce certificate or unmarried certificate;
4. Real estate license, house sales contract and loan contract;
5. Copy of repayment list or repayment passbook.
Is it cost-effective to repay the loan in advance by provident fund?
Early repayment of housing provident fund should be decided according to your own situation. If you don't have better investment channels and have more spare money on hand, you can choose to repay in advance. After all, prepayment can pay a lot less interest than the original loan plan.
It is also very important that compared with the prepayment of commercial loans, there is no handling fee and penalty for prepayment of provident fund, which is equivalent to saving some extra expenses. Therefore, it is a good way to save money by using idle funds to repay the provident fund in advance. However, if repayment is made in advance, it will inevitably lead to a decrease in liquidity.
For example, some property buyers have paid off all loans in a hurry within a few years. In this way, they need a large sum of money for house decoration after buying a house. In order to decorate, they had to go to the bank to apply for a consumer loan. On the premise of the same loan amount, the interest expense of such loans is far greater than that of provident fund loans. Therefore, we should fully consider various factors and do what we can.
How to repay the housing provident fund loan in the first year? What are the procedures for prepayment of provident fund loans?
How to repay the housing provident fund loan in the first year?
The first case: you should save enough assets in the first month, because your enterprise may not be able to transfer the provident fund into your account before the payment date. Deduct your unit's provident fund on the payment date next month. If there is arrears, you need to make up the arrears in advance. Generally, there are debts. For example, you have to pay back 2,000 yuan every month, but the unit's provident fund is only 1200, so you need to deposit it in 800 yuan in advance.
Naturally, in the first month, everyone's business also saved 1200, so there will be 2400 in the second month. In essence, there is no need to pay, but you must ensure that everyone's enterprise pays the provident fund on a fixed day every month. If it's too much trouble, send a text message to remind you to repay the savings card, so that every time the provident fund is transferred in, out and the account balance will be reminded, you will know how much money you want to deposit this month, and you can also know when to transfer out and transfer in.
The second case: first deduct 12000, then deduct the newly added provident fund, and finally deduct the deposit in your savings card. For example, if you spend 1.200 yuan's provident fund every month, you can pay back 2,000 yuan every month and 1.200 yuan in June. In the seventh month, you have 7200 yuan from the previous six months. If you deduct this 7200 yuan again, you don't need to deposit it. It will probably be the third month after deducting 7200 yuan, so you will have 4 1 200 yuan in the fourth month.
The third case, like the second case, is to deduct the provident fund first. In the case of deduction, a new provident fund was also deposited and the accumulated provident fund was deducted again. Until the provident fund is not enough, it will have to be replenished a few days in advance.
It won't cost much to send a short message to a bank card (if you have a platinum credit card, the short message is free). If you have no money, you don't know that your personal credit will be lost by the bank. The bank's credit is reported to the central bank, and your reputation in domestic banks has been affected.
What are the procedures for prepayment of provident fund loans?
There are three ways to repay the provident fund in advance, some with the same loan term, some with the reduced loan term, and all of them in advance. Each mode of operation is different.
The main methods are as follows:
I. prepayment
1. The prepayment and loan term will not change. The lending bank must clearly instruct the lender to fill in the relevant agreement. If the original guarantee method is "pledged commercial insurance" and the advance notice registration has not been handled, you should also apply to the designated auto insurance company in the urban area with the original insurance policy, the original ID card and relevant agreements, and the relevant agreements finally signed should be submitted to the corresponding center immediately by the loan bank.
2. If the lender chooses "pledged commercial insurance" as the original guarantee method and "non-pledged commercial insurance" to apply for early repayment and shorten the loan term, the lending bank shall specifically instruct the lender to fill in the relevant agreement, and the signed agreement shall be immediately submitted to the corresponding center by the lending bank. 3. The "pledged commercial insurance" selected by the original guarantee method is still within the period of commercial insurance, and the advance notice registration has not been completed. Lenders can directly apply to the guarantee center for early repayment and reduce the loan term.
Second, all prepayments.
After the materials audited by the loan bank are proved to be correct, all repayment procedures shall be handled in advance.
What's the procedure for prepayment like that?
(1) Procedures for prepayment:
Prepare assets in advance and deposit them in the passbook (card) of the repayment bank, and repay them at the specific business outlets of the entrusted financial institutions.
(2) All procedures for early settlement:
Prepare assets in advance and deposit them in the repayment bank passbook (card), repay them at the specific business outlets of the entrusted financial institutions, go through the corresponding procedures in the housing provident fund management center, go through the relevant procedures in the financing guarantee company, and go through the formalities of real estate mortgage cancellation in the real estate management bureau.
If you want to apply for prepayment, you can also consult the local housing provident fund management center in detail and apply according to your own situation.
You can apply for prepayment directly to the provident fund management center according to the prepayment part of your loan agreement at that time, and most loans can be settled directly after one year. You can also pay off part of the huge amount. Refer to your own contract for details.
Can the housing provident fund loan be paid off within one year?
If you want to apply for provident fund loans, due to the different policies of different cities, do you have provident fund loans in your area and the specific provisions of related businesses? I suggest you contact the local pre-loan department or provident fund management center by phone for confirmation.
What if the provident fund loan is less than one year and cannot be repaid in advance?
It takes one year to repay the provident fund loan in advance. There are certain restrictions on prepayment of housing provident fund loans. One year after the issuance of the housing provident fund loan, the borrower may apply for early repayment. There are two ways to prepay housing provident fund loans: 1, partial prepayment. That is, pay off part of the principal first, continue to repay the outstanding principal and recalculate the interest, and re-determine the monthly payment and repayment period. 2, all negotiated in advance. It refers to paying off the remaining outstanding principal in one lump sum, and after all settlement in advance, you can go through the formalities of understanding the mortgage.