1. The housing lender applies for prepayment to the municipal housing provident fund, which is examined and signed by the staff of the credit department and stamped with the business seal of the credit department. Lenders go to the bank to handle repayment procedures with an application for prepayment.

2. The person applying for prepayment of provident fund shall settle the loan at the entrusted bank and submit the repayment statement issued by the bank to the credit department, which will be reviewed and signed by the staff of the credit department and stamped with the business seal of the credit department. The staff of the Credit Department shall indicate on the stub column of the Application Form for Early Repayment that the mortgage lender has settled the loan and sign it.

3. Repayment in advance shall go through the relevant mortgage cancellation procedures at the guarantee company with the repayment form signed by the credit department. Just apply to the bank for provident fund one month in advance. The specific regulations or contracts signed by local banks may be slightly different.

Repaying the loan with provident fund

1, Yue Chong

Every month, the amount corresponding to the monthly mortgage repayment amount can be withdrawn from the housing provident fund account to offset the principal and interest of the monthly mortgage repayment. If the balance of the housing provident fund account is insufficient, the bank will continue to deduct money from the repayment bank card to repay the mortgage.

2. Nianchong

You can withdraw the balance of the housing provident fund account once a year to offset the principal payable by the mortgage. The remaining loans will be recalculated monthly, and then the money will be deducted from the repayment bank card to repay the mortgage every month.

To sum up, the house has been bought, and you can use the provident fund to repay the mortgage.

Legal basis:

Regulations on the administration of housing provident fund

Article 24

In any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) the rent exceeds the prescribed proportion of family wage income.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.

If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.