Buyers who have applied for housing provident fund loans can adjust the loan period according to their own repayment ability and willingness. By changing the loan term, a more appropriate monthly repayment amount can be obtained. After the housing provident fund loan contract comes into effect, when the loan amount or term changes, it will involve the supporting measures and procedures of relevant departments such as property right certificate, mortgage and notarization. But you can repay the loan principal and interest by repaying the loan in advance. If it is a provident fund loan, you can apply for the balance loan cancellation business. The balance of the provident fund will directly offset the loan, reducing the monthly repayment amount and reducing the repayment pressure.

When the loan term is changed, the execution interest rate of the future repayment period shall be subject to the actual loan term after the change and the interest rate standard matching the loan term. That is, after the loan term is changed, if the actual loan term is less than 5 years (including 5 years), the number of future repayment periods will be implemented according to the 5-year interest rate standard; If the actual loan term is more than 5 years (excluding 5 years), the number of future repayment periods shall be subject to the interest rate standard of more than 5 years.

Legal basis:

Regulations on the administration of housing provident fund

Twenty-sixth workers who have paid housing provident fund can apply for housing provident fund loans to 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.