After the loan is released, you will receive a text message or phone call from the lending bank, and then there will be a long journey of loan repayment, but you cannot use the provident fund balance to offset the repayment. When applying for a provident fund loan, you will apply for a card at that bank, and the first month's repayment amount (full amount) will be credited to the loan.

You will receive a statement in your mailbox about half a month after the payment is deducted. Call the bank to confirm the address, and go there with the slip to handle the provident fund repayment. If you do it quickly, you won’t have to pay back the salary in the second month. Yes, but generally the second month will be too late. Extended information

The depositing city provident fund center is responsible for reviewing employee deposits and loans, issuing written certificates to the lending city provident fund center, and cooperating with the lending city provident fund center to verify relevant information.

The Loan City Provident Fund Center and the entrusted bank are responsible for the business consultation, acceptance, review, issuance, recovery, change and post-loan management of off-site loans, and bear the loan risks.

The lending city provident fund center and the depositing city provident fund center must regularly check the status of off-site loans to understand withdrawals, repayments, changes and overdue situations.

Baidu Encyclopedia - Provident Fund