There is not enough money in the provident fund account, and the repayment date will still be deducted from the bank card. The specific deduction time is mainly from the bank.

When handling provident fund loans, you will choose the loan repayment method, and you will choose the monthly repayment method. Every month, the bank will be entrusted to transfer the money from the provident fund account to the repayment card for deduction. If the balance of the provident fund account is insufficient for deduction, the bank will directly deduct it from the repayment card provided, and the lender had better deposit enough money in the bank card one day before the repayment date.

Provident fund loans are as follows:

1, housing loan: provident fund housing loan is mainly used to buy self-occupied housing, with low interest rate, which is the first choice for many buyers.

2. Rental loan: The provident fund rental loan is used to pay the rent, and the conditions are relatively loose, which meets the needs of many renters.

To sum up, provident fund loan is a kind of welfare for employees, but whether it can be used or not depends on personal situation and local policies. When using provident fund loans, you need to understand the relevant regulations and procedures to ensure the legal use of provident fund.

Legal basis:

Regulations of People's Republic of China (PRC) Municipality on the Administration of Housing Provident Fund

Article 26

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.