How is the repayment of provident fund deducted?

In the process of buying a house, if you apply for a loan, you can choose a provident fund loan. After applying for provident fund loans, lenders should also pay attention to repayment on time. So how to deduct the repayment of the provident fund?

Provident fund repayment deduction is automatically deducted from the repayment bank card by the loan banking system. There are two ways to repay the provident fund. One is to deposit the monthly contributions into the repayment bank card before the repayment date and wait for the deduction. The other is to entrust the bank to withhold from the provident fund account, that is, to repay with the balance of the provident fund account.

Withhold and remit the repayment of provident fund 1, download the Application Form for Monthly Withdrawal and Repayment of Housing Provident Fund from the bank, provident fund management center or directly from the Internet, and fill in all the contents in the form as required.

2. Take the "Application Form for Monthly Withdrawal and Repayment of Housing Provident Fund" to your company for seal.

3. Copy the house purchase contract and stamp it at the loan bank, as shown below.

4. Get a bank card or passbook at the bank where the loan is made. If this step has already been taken, it can be omitted. But this card (or passbook) is with you when you handle it.

5. A copy of the loan contract signed with the bank. The original should also be prepared and the provident fund should be scanned.

6. Bring other necessary documents. There are mainly the original and photocopy of the ID card. If you are married, you should carry the marriage certificate, household registration book and the original and photocopy of your spouse's ID card with you.

7. Take the documents prepared above and go directly to the local housing provident fund management department.

Provident fund 1 repayment method, annual repayment, that is, one-time repayment method.

It means to withdraw the balance of the housing provident fund account from the trustee once a year, repay the loan principal in one lump sum, and recalculate the monthly repayment amount according to the remaining loan principal and repayment period after repayment. After one-time repayment, the monthly repayment needs to use the customer's own funds, not the money in the provident fund account.

2. Monthly repayment, that is, monthly repayment method.

Refers to the monthly direct withdrawal from the customer's provident fund account to repay the loan principal and interest of the month. When the amount of the withdrawn provident fund is insufficient, the client shall make up the repayment amount in time. This way can not only offset the principal and interest of provident fund loans, but also offset the principal and interest of commercial loans.

Note: If the customer chooses the one-time repayment method, he cannot choose the monthly repayment method, but can only choose one of them. But if you want to change the repayment method in the future, customers only need to go to their own loan bank to change the repayment method.