Legal analysis: the repayment method of provident fund loan deduction is automatic deduction. If there is enough balance in the account, you can automatically deduct the expenses that need to be deducted every month. Automatic deduction of provident fund refers to successful deduction when the balance of any one of the main lender's provident fund account, auxiliary lender's provident fund account, repayment card and three accounts is greater than or equal to the principal and interest of the loan to be repaid. It is your obligation to repay the provident fund loan on a monthly basis. You guarantee that the joint provident fund card (repayment card) has enough monthly repayment amount for deduction before the monthly repayment date to avoid overdue.

Legal basis: Article 26 of the Regulations on the Management of Housing Provident Fund, employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.