In response to the Provident Fund loan, let's go deep into Ha's practical aspects. Overdue is a big taboo, but there is a way to solve it if you are left alone in an overdue situation. First of all, if special circumstances, such as sick hospitalization, do not permit full repayment on time, then try to seek assistance from the Provident Fund Centre. Contact them to see if they can apply for an extension. In order to make your extension successful, various documents such as unemployment certificates, letters of request and personal assets certificates are prepared。

How do we process the accumulated fund loan

Second, there is no contact with the Provident Fund Centre or your application is not approved, so other ways can be considered, such as seeking financial assistance from relatives and friends. If your reputation is good, you can easily borrow a sum。

Third, if you have assets, such as real estate or property management items, try to cash them in order to repay the Provident Fund loans. Clearly, that requires a certain economic strength on your own。

Finally, you can find a third-party guarantor with good qualifications to provide security. Once there is a guarantor, the risk at the Provident Fund Centre will be reduced and they may reconsider your extension request。

If it is overdue, the situation can be described as serious. First of all, your credit records will be tarnished, with implications for your future lending behaviour. Second, the Provident Fund Centre will press you to pay as soon as possible by telephone or text. Then you'll have a huge penalty. A mortgage contract may be terminated earlier if the delay exceeds three months. Most importantly, if you have the ability to pay but you are maliciously overdue, the Provident Fund Centre may sue you。