1. Wait until the designated bank with the identity documents of the borrower, *** and the borrower, as well as materials that can prove the relationship between *** and the borrower (for example, a couple can use a marriage certificate) Handle at an outlet;

2. You need to sign the "Hedging Loan Repayment Agreement";

3. After the application is successful, it will take effect from the next month and the repayment will be carried out according to the hedging method.

What does provident fund hedging mean?

The provident fund hedging loan repayment business specifically refers to employees who have taken out housing provident fund loans. In the process of repaying the loan, they use the borrower or spouse’s contributions. A method of using the housing provident fund saved to offset part or all of the monthly repayment.

At present, there are two main methods of hedging loan repayment for provident fund hedging, one is monthly hedging loan repayment of housing provident fund, and the other is annual hedging loan repayment of housing provident fund. Housing provident fund monthly offset loan repayment, provident fund monthly offset loan repayment, as the name suggests, is an operation method in which the housing provident fund deposited is used to offset part or all of the monthly repayment during the loan repayment process. The annual offset loan repayment of housing provident fund means that employees who have applied for provincial housing provident fund loans, in the process of repaying the loan, withdraw the balance of housing provident fund deposited once a year to offset part of the loan principal.