Why is there no automatic deduction for provident fund loans?

There is no automatic deduction for provident fund loans, which may be caused by the following reasons.

1, the repayment date has not yet arrived.

There is a fixed date for automatic deduction of provident fund loans. Under normal circumstances, the system will automatically deduct the arrears until the repayment date. For example, if the repayment date is 20th, the system will not issue a deduction instruction without this date.

You can check the loan contract, which will record when the repayment date is. Just make sure there is enough money in the repayment account, so don't worry too much.

2. The balance of repayment account is insufficient.

If you haven't received the message of automatic deduction by the system on the repayment date, in this case, it may be the reason for insufficient account balance. You can log in to your account to check your account balance. If you find that the amount is really insufficient, you need to make up the funds as soon as possible, and then notify the bank to deduct the money as soon as possible to avoid overdue mortgage.

If the provident fund is used to offset the loan repayment, it may also be that the balance of the provident fund account is insufficient to repay the loan. In this case, the insufficient part should be filled in time, otherwise it will lead to provident fund loans overdue, which will bear serious consequences.

3. The repayment account status is abnormal.

If the repayment account is frozen by the bank because of some abnormal behavior, the system cannot deduct money smoothly in this case. You can contact the customer service of the bank to see if any measures have been taken for your bank card. If the status of the bank card is abnormal, it is necessary to unseal the card in time or contact the bank to replace the bank card for repayment.

In order to ensure that your mortgage repayment will not be affected, it is best not to have some irregularities to avoid your repayment account being taken by the bank.

4. The bank repayment system is out of order.

Sometimes it may be because of the failure of the banking system that the deduction instruction was not issued in time. In this case, you can confirm with the bank. In general, it is difficult for the system to encounter this problem. Even if there is, the bank will solve the problem quickly.

Under normal circumstances, as long as the account funds are sufficient and the account status is normal, the banking system will automatically deduct money, and the probability of failure is not very high.

5. The deduction time has not yet expired.

The deduction time of provident fund loans in different regions is different. In some areas, it will be deducted in the early morning, and in some areas it will be deducted before noon 12. If there is no problem in other aspects, it is very likely that the deduction time for the day has not yet arrived.

Don't worry too much about this situation, you can pay close attention to the system's deduction notice. Under normal circumstances, the system will deduct money. If there is no deduction, you can contact the bank customer service and urge the system to deduct as soon as possible to avoid overdue.

6. Deduct from next month.

After the mortgage payment, the deduction will generally start from the next month. For new provident fund loans, we can pay attention to this aspect. Under normal circumstances, after the provident fund loan is issued, there will be a SMS notification with a detailed repayment date. Repay according to the system prompt. Next month, the system will automatically deduct the money.

It can be seen that there are many reasons why provident fund loans cannot be deducted smoothly. In order to avoid loans overdue, we need to find out what the problem is as soon as possible, and then solve the problem in time.

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What are the requirements for commercial loans to provident fund loans?

The conditions that need to be met when commercial loans are converted into provident fund loans mainly include the following points.

1. The original commercial loan has been repaid for one year, and it has maintained a good credit record without overdue behavior.

2. The housing accumulation fund has been paid locally, and it has been paid in full and on time for more than six months (inclusive). When the business is transferred to public, the housing provident fund account is in a normal payment state.

3. No provident fund loan has been handled under the name or the loan has been settled (it should be noted that if there is a provident fund loan under the name, it is necessary to pay off the loan before applying for a new provident fund loan.

If you have applied for provident fund loans twice, no matter whether the loans are settled or not, you can't apply for new provident fund loans.

4. Lending business only accepts the application of the borrower of the original commercial loan or the spouse of the same borrower.

5. The purchased property has obtained the house ownership certificate issued by the local real estate registration department.

6. The amount of the business-to-public loan applied for is within the maximum amount of the provident fund loan stipulated by the local housing provident fund management center and the balance of the original business loan.