Shenyang Zhuo Provident Fund New Deal: Current balance can be used to repay loans

Shenyang New Deal: The current balance of the housing provident fund can be used to repay loans

On June 5, the reporter learned from the Shenyang Housing Provident Fund Management Center that according to current regulations, the housing provident fund entrusted withdrawal and repayment For loan employees, when the regular balance is insufficient, the current balance can be directly deducted.

Shenyang City’s previous regulations stipulated that when the housing provident fund entrusted loan repayment was deducted every month, the regular balance in the borrower’s provident fund account was first deducted and repaid. If the regular balance is insufficient to repay the loan, the borrower needs to go to the bank where the loan is opened to repay the loan.

According to reports, the provident fund account balance is divided into two parts: regular balance and current balance. June 30 every year is the interest settlement date of the provident fund management system. All provident fund balances paid before June 30 will become the regular balance, and the provident fund paid between the beginning of July and the interest settlement of the next year will be the current balance.

In order to ensure the safety of housing provident fund loan funds, ease the economic pressure of loan repayment employees, and further increase the utilization rate of housing provident fund, the Shenyang Housing Provident Fund Center recently issued the "Notice on Adjusting the Relevant Operations of the Entrusted Withdrawal and Loan Repayment Business" ”, which stipulates that if employees who have been entrusted with withdrawing and repaying housing provident fund loans since May 15th have insufficient account balances for withholding, the current withholding procedure will be initiated.

The method is that when the housing provident fund account of the employee who is entrusted to withdraw and repay the loan has not been frozen, and the account balance can repay the entire loan amount, the Shenyang Housing Provident Fund Management Center will automatically withhold the repayment operation and withhold the repayment. The order of repayment is: first fixed term, then demand current; repay overdue loans first, then repay the loan due for the current month; repay penalty interest and interest first, then principal; deduct funds from the borrower's account first, and then deduct funds from the spouse's account. .

Employees who have signed the original "Agreement on Entrusting the Withdrawal of Housing Provident Fund to Repay Personal Housing Provident Fund Loans" before May 15 do not need to sign a new agreement. The Shenyang Housing Provident Fund Management Center will notify relevant employees of policy adjustments through the Housing Provident Fund SMS platform to satisfy the employees’ right to know.

A reporter from the Liaoning Provincial Provident Fund Management Center learned that the current provincial provident fund also includes two accounts: fixed-term and current accounts, both of which can be used to repay loans.