Hello! Today we will quickly learn about how to make a one-time repayment after the Provident Fund has made a mortgage. If you have sufficient financial means, you can definitely choose this option to repay your mortgage in advance, which will help you to reduce your financial burden. First, then, it would be useful to familiarize ourselves with the entire process of one-time payments of the Provident Fund。

What is the one-time payback process for the Provident Fund

First, you need to make an appointment in advance, like a doctor or a barber. Call the Housing Provident Fund, check the balance of the loan in your Provident Fund account, and make an appointment with them about the time and amount of early repayment。

The students then carefully complete the completion of the Housing Provident Fund loan application and submit it to the Provident Fund Management Centre for approval。

Once your application has passed through the Provident Fund Management Centre, the next step is to pass through the bank, which will then review the advance payment。

Finally, after approval, you need to go to the bank in person to process the advance payment, which is then sent to the Housing Provident Fund Centre for filing. As a result, the entire process of one-time repayment of the Provident Fund has already crossed the completion line。

PERHAPS YOU WILL WONDER: WHY DO SOME PEOPLE SAY THAT THEY CANNOT PAY OFF THEIR STOCKS IN ADVANCE? IN FACT, EARLY REPAYMENT OF THE PROVIDENT FUND IS NOT AN OPTION, BUT A VOLUNTARY DEFAULT PAYMENT IS REQUIRED IF YOU CHOOSE TO MAKE EARLY REPAYMENT. IF YOU REPAY THE PRINCIPAL AMOUNT OF 2% IN ADVANCE FOR 1-2 YEARS, YOU MUST PAY AT LEAST RMB 20,000, OR AT LEAST RMB 10,000 FOR 2-3 YEARS, FOR 2-3 YEARS。