If you use the provident fund for repayment, you need to apply for a provident fund loan at the provident fund management center.

Ways of drawing housing provident fund to repay the loan (hereinafter referred to as "repayment"):

1. One-time repayment method (hereinafter referred to as "annual repayment")-a way to withdraw the balance of housing provident fund at one time to repay the loan balance, recalculate the monthly repayment amount, and continue to make monthly repayment.

2. Monthly repayment method (referred to as "monthly repayment method")-a method of directly extracting the principal and interest of the current month's housing loan from the borrower's housing provident fund account.

Using a one-time repayment method, customers can only withdraw the housing provident fund once a year to repay the loan;

With the monthly repayment method, customers can withdraw the housing provident fund every month to repay the principal and interest of the housing loan in the current month.

When the amount of housing provident fund withdrawn is insufficient, the borrower shall make up the repayment amount in time. Withdrawing housing provident fund can also repay commercial housing loans.