Do you understand that the withdrawal of the Provident Fund is a common way of drawing money that can be a tool for you to buy a house? It doesn't matter if you're unfamiliar with it or half-aware about it, today we're going to have to read it in detail。

How to apply for a Provident Fund drawing and what are the methods of early repayment of the Provident Fund

First of all, let us be clear: how do we apply for a draw from the Provident Fund? In addition to ensuring that you do not have property in your name, and in cases of major illness, you are required to meet the requirements and standards of the country, and that the requirements for moving out of the country are met. It is worth noting that these provisions vary from region to region and therefore need to be seen in terms of your region。

Tell me more about the formalities. How can you apply for the Provident Fund successfully? You need to provide identification cards, purchase contracts, bank cards, etc. Moreover, you need to go through a series of processes, such as filling out forms, paying fees, submitting materials, etc. It is important to keep in mind that, depending on the type of extraction, the requirements of the process will vary, so it is important to look in detail。

Finally, let us look at several ways in which the Provident Fund can be repaid in advance. In the early partial repayment, the Housing Provident Fund Administration will calculate the amount due to you in accordance with the early repayment date to which you have committed, so that the bank can deduct the amount at the agreed time. There is also early and full repayment, in the form of the deposit of the entire amount into the account within the time agreed upon by you, to be withheld from the bank. If the loan is paid in full early, you will have the loan settlement certificate and, at the same time, the mortgage rights will be eliminated. Speaking of which, one might ask, “Can early repayments work?” This depends on whether the remaining money is principal or interest. If it was the principal, then there might be no need to rush back; but if most of it was interest, early repayment would be wiser。