1. The loan is settled in advance, and no real estate license is required during the period: after the loan is settled, the lender will go to the real estate registration center to cancel the mortgage with the mortgage cancellation letter, the application for cancellation of registration, and the original and photocopy of the ID card. When the real estate registration center handles the mortgage cancellation registration, the lender will issue a copy of the mortgage cancellation letter to the developer (the developer will handle the real estate license and hand it over directly to the property owner).

2. Automatic settlement of real estate license: After the loan is settled, the bank will send a text message to the lender to indicate that the loan has been settled. At this time, the bank needs to take my ID card, the bank's mortgage cancellation letter and other warrants to the real estate registration center for mortgage cancellation. After cancellation, the real estate registration center will hand over the property title certificate to the property owner. After doing this, you can own your own house and have independent property rights.

Can the interest on provident fund loans be deducted from personal income tax?

I can't. Interest on provident fund loans cannot be deducted from personal income tax, but only from housing provident fund loans. If both husband and wife jointly apply for housing provident fund loans, then only one party can enjoy this policy.