You're probably thinking, "How do you repay the monthly supply of the Provident Fund loan?" Don't worry, it's not complicated. You have two options。

How do you pay for the Provident Fund loan

First, you can choose the automatic deduction. This means that when, after approval of the Provident Fund loan, the principal and auxiliary lender have an account or a repayment card with a balance greater than or equal to the principal interest due. This means that as long as there are enough balances in your account, the system will automatically complete the deduction for you every month. So you don't have to set a monthly reminder, and anxiety will forget to pay back。

Another approach is called hedge repayment. This is in effect to allow the bank to draw funds from the balance of your Provident Fund account for the repayment of your loan months or for early repayment. There are two ways to hedge the loan: annual and monthly. If you choose an annual hedge, you have to make partial early repayments once a year. But it gives priority to repayment of the principal of the loan, and the monthly repayment must be returned in cash. If you choose a monthly hedge, you can also repay the monthly repayments of the monthly interest rate for the commercial loan。

So, what are we going to do when the Provident Fund loans are repaid? First, you need to complete the process of clearing the loan, obtain the loan clearance certificate and take back his title card. After that, you will have to go to the Housing Authority to understand the conditions of the deposit. Only when the mortgage is cleared will the house really belong to you. It is particularly important to remember that it is particularly important to complete the mortgage release in time for you to have full property rights。

There are other formalities that require attention. Where the tax is refundable, it is necessary to prepare the relevant material within six months and to process the tax refund at the tax office. If you have acquired a personal mortgage insurance policy in the course of a loan, you will also have to go to the insurance company for a refund。