Can the fund hedging business be handled online?

The loan repayment of provident fund hedging can be handled online. After the provident fund loan is issued, customers can go to official website of the Provident Fund Center or WeChat WeChat official account and submit relevant information according to the system prompts to handle the business of provident fund hedging loan repayment.

However, before applying for the provident fund hedging loan repayment, the customer's qualification is required to meet the requirements of the provident fund center. For example, the customer's provident fund account is in a normal state, and the continuous payment meets the requirements of the provident fund center. In addition, the balance of the provident fund account should be more than 12 times the monthly repayment amount.

if it is necessary to change the repayment method of provident fund, the application can only be made after the original agreement on repayment of provident fund has been implemented for one year. When the borrower applies for a change in the business of withdrawing the housing provident fund and repaying the loan, all the original clients should bring the loan contract, ID card, household register and the original Power of Attorney for Repaying the Loan from the Provident Fund to the loan bank to apply for the change.

you can only apply for provident fund once a year, which is more suitable for lenders with large balance in provident fund accounts and less cash pressure. The annual repayment of the provident fund is to give priority to the repayment of the principal of the provident fund loan, and the principal of the commercial loan can only be repaid after the provident fund loan is repaid. If you want to change the repayment method of the provident fund, you must apply after the original provident fund repayment agreement has been implemented for one year.

application conditions for monthly hedging of housing provident fund: the borrower's housing provident fund loan has been issued (or after repaying part of the principal in advance) and has been repaid for more than one month without overdue; The housing provident fund of the applicant for hedging loan repayment is normally paid and has not been owed for more than 3 months (inclusive), and the sum of the balance of the provident fund is not less than 6 times of the monthly repayment amount.

legal basis: regulations on the management of housing provident fund

article 2 these regulations are applicable to the deposit, withdrawal, use, management and supervision of housing provident fund in the people's Republic of China.

the housing accumulation fund mentioned in these regulations refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations (hereinafter referred to as units) and their employees.

article 3 the housing accumulation fund paid by individual employees and the housing accumulation fund paid for employees by the unit where employees work belong to individual employees.

Article 13 The housing provident fund management center shall set up a housing provident fund account in the entrusted bank.

the unit shall register the housing provident fund deposit with the housing provident fund management center, and go through the formalities for the establishment of housing provident fund accounts for its employees. Each employee can only have one housing provident fund account.

the housing provident fund management center shall establish a detailed account of employees' housing provident fund to record the deposit and withdrawal of employees' individual housing provident fund.