Mortgage process of provident fund repayment

1. The borrower (and spouse) must apply for housing provident fund mortgage repayment on a monthly basis;

2. The sum of the balance of the borrower's and spouse's housing provident fund should be enough for one month's repayment in the process of monthly hedging repayment;

3. The borrower's housing provident fund loan is not overdue at present, including the overdue loan compensated by the guarantee company, and the borrower has also paid off;

4. When applying for monthly mortgage repayment, the borrower shall promise to make up the difference in his bank repayment account in time when the available balance of his or her spouse's housing provident fund is insufficient to hedge repayment.

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.