It will be implemented on October 8! It is related to the monthly withdrawal of Chengdu provident fund.

recent days

"Chengdu housing provident fund monthly withdrawal.

Housing provident fund repays the principal and interest of individual housing loans.

Management related regulations "

(hereinafter referred to as the "Regulations")

Revision and issuance

Revised "Regulations"

Implemented on October 8, 2023.

Valid for 1 year

Relevant provisions on the management of monthly withdrawal of housing provident fund from Chengdu housing provident fund to repay the principal and interest of individual housing loans

First, the applicable object

Workers who have paid the housing provident fund in Chengdu Housing Provident Fund Management Center (hereinafter referred to as Chengdu Provident Fund Center) have applied for housing provident fund personal housing loans (hereinafter referred to as provident fund loans) and commercial personal housing loans (hereinafter referred to as commercial loans) and repaid the loan principal and interest on a monthly basis, and can apply to Chengdu Provident Fund Center for monthly withdrawal of housing provident fund to repay the personal housing loan principal and interest (hereinafter referred to as monthly repayment).

Second, the way to achieve

Eligible paid employees can sign the Service Agreement on Monthly Withdrawal of Housing Provident Fund to Repay the Principal and Interest of Individual Housing Loans (hereinafter referred to as monthly withdrawal agreement or agreement) with Chengdu Provident Fund Center, and realize monthly withdrawal and repayment of loans through direct withdrawal of principal and interest or quota withdrawal.

(1) Direct payment of principal and interest

Direct principal and interest is applicable to the provident fund loan of Chengdu Provident Fund Center (excluding Ziyang Minsheng Village Bank).

Direct payment of principal and interest means that the Chengdu Provident Fund Center deducts the principal and interest of the provident fund loan that should be repaid in the current period from the available amount of the housing provident fund deposit account opened by the deposit workers in Chengdu Provident Fund Center in the current month, and the difference that the available amount is insufficient to be deducted is deducted from the entrusted deduction account (hereinafter referred to as the personal loan repayment account) agreed by the borrower when handling the loan.

(2) Quota extraction method

Quota withdrawal is applicable to other personal housing loans, including provident fund loans from Chengdu Provident Fund Center (limited to Ziyang Minsheng Village Bank), provident fund loans from other provident fund centers, and commercial loans (including discount loans from public developers).

Quota withdrawal means that Chengdu Provident Fund Center will withdraw the monthly withdrawal amount agreed in the agreement (hereinafter referred to as the agreed withdrawal amount) from the available amount of the housing provident fund deposit account opened by the paid employees in Chengdu Provident Fund Center in the current month to the bank account agreed in the agreement (hereinafter referred to as the withdrawal account):

1. Extract the collection account. Withdraw the repayment funds on a monthly basis and transfer them to the normal Class I bank savings account opened by the employee himself in the cooperative bank of Chengdu Provident Fund Center or the digital RMB wallet account that meets the requirements. Among them, the paid employees who repay the commercial loans of the cooperative bank of Chengdu Provident Fund Center and hold a personal loan repayment account can transfer the withdrawal funds to the personal loan repayment account.

The cooperative banks of Chengdu Provident Fund Center can inquire through the publicly available List of Banks for Online Inquiry of Commercial Loan Information.

2. Agreed withdrawal amount. Deposited employees agree that Chengdu Provident Fund Center obtains information such as total loan amount, loan period, repayment method, loan start date, loan end date, remaining loan principal and interest, basic interest rate of commercial loans, etc. (regardless of factors such as interest rate adjustment and interest rate difference) according to interconnection, and calculates the remaining loan principal and interest amount through the business system of Chengdu Provident Fund Center and determines the agreed withdrawal amount. Deposited employees have objections to the agreed withdrawal amount, which shall be handled offline with reference to Article 5 (2) of these Provisions.

Third, the application conditions

When the paid employees meet the following conditions at the same time, they may apply for monthly repayment:

(a) during the repayment of the loan, and the loan has not been settled, the deposit employee is the owner of the house purchased by the loan or the spouse of the owner.

(2) There are no cases such as unfinished withdrawal, pre-receipt registration, and the judicial freeze has not been lifted, and it has not been included in the bad behavior registration of Chengdu Provident Fund Center.

(3) The paid employees have no other housing consumption withdrawal business within a natural year, except for the withdrawal of the loan principal and interest for the same set of housing.

(4) There is no agreement on entrusted withdrawal of Chengdu housing provident fund or agreement on entrusted withdrawal of Chengdu housing provident fund quota (hereinafter referred to as "annual entrusted withdrawal agreement") or monthly withdrawal agreement.

(five) in accordance with the "Chengdu housing provident fund extraction management measures", "Chengdu housing provident fund extraction management implementation rules" and other relevant provisions.

Four, the provisions of the contract loan

(1) The individual housing loans paid to employees with multiple sets of self-occupied housing are not settled, and if there is a provident fund loan from Chengdu Provident Fund Center, priority should be given to the provident fund loan from Chengdu Provident Fund Center for monthly repayment.

(2) If the paid employees choose the combined loan of Chengdu Provident Fund Center to sign a monthly withdrawal agreement, the provident fund loan will be paid directly to the principal and interest, and the commercial loan will be paid in a fixed amount, and the monthly available amount will be given priority to the direct payment of the principal and interest.

(3) If the deposited employees have signed the original annual entrustment withdrawal agreement, they can choose to continue the implementation according to the original regulations and the agreement, or they can choose to terminate the annual entrustment withdrawal agreement and sign a new monthly withdrawal agreement.

If there are two or more people in the same house who meet the extraction conditions, the selection of repayment extraction methods and the types of extraction agreements signed should be consistent.

V. Application materials and handling methods

(1) Online processing

Eligible paid employees can apply for, check and confirm the signing information through the "Chengdu Housing Provident Fund" APP, and complete the monthly loan repayment signing.

The borrower or spouse of the provident fund loan of Chengdu Provident Fund Center (excluding Ziyang Minsheng Village Bank) and the main borrower or spouse of the commercial loan of Chengdu Provident Fund Center cooperative bank can apply online.

(2) Offline handling

Eligible paid-in employees shall provide authentic, legal and effective originals of the following materials and apply for monthly repayment in the service hall of Chengdu Provident Fund Center. Chengdu Provident Fund Center will keep electronic images of relevant business materials.

1. Proof of identity and marriage:

(1) If the deposit employee is the principal borrower, provide his/her identity certificate.

(2) If the deposit employee is from co-borrower, he/she shall provide his/her identity certificate and that of the principal borrower.

(3) If the deposit employee is not co-borrower, but the spouse of the principal borrower, he/she shall provide his/her identity certificate, the identity certificate of the principal borrower and marriage certificate.

(4) If the paid employee is not co-borrower but co-borrower’s spouse, he/she shall provide his/her identity certificate, spouse’s identity certificate, marriage certificate and main borrower’s identity certificate.

2. Repay the provident fund loan of Chengdu Provident Fund Center (excluding Ziyang Minsheng Village Bank) without providing other materials.

3. If the loan of Chengdu Provident Fund Center (limited to Ziyang Minsheng Village Bank) and the commercial loan of Chengdu Provident Fund Center cooperative bank are repaid, the withdrawal account shall be provided according to Article 2 (2) of these Provisions.

4 to repay other personal housing loans, provide:

(1) Loan contract/loan contract (if the loan repayment business has been handled after November 1, 2017, the loan contract/loan contract can no longer be provided when the same house is used for monthly repayment);

(2) Personal loan repayment account flow (showing the latest deduction record);

(3) Providing withdrawal account according to Article 2 (2) of these Provisions;

(4) Chengdu Provident Fund Center will verify the authenticity of the loan through the platform of Yinzhengtong and the personal credit information system of China People’s Bank. If it is verified through the Yinzhengtong platform, the main borrower needs to sign the authorization agreement on the spot. If the main borrower belongs to the paid employee of Chengdu Provident Fund Center, it can be authorized online through the "Chengdu Housing Provident Fund" APP; If it is verified by the personal credit information system, the principal borrower shall sign the credit information inquiry authorization on the spot.

5. If the loan information, housing information and personal loan repayment account inquired through interconnection are incomplete and inaccurate, or the deposit employees have objections, or the non-cooperative banks cannot inquire about relevant information through interconnection, which affects the business audit and data confirmation, the deposit employees shall provide the corresponding original supporting materials.

6. If the housing purchased by the loan is outside the mutual recognition area announced by Chengdu Provident Fund Center, it is also necessary to provide the household registration certificate or work place certificate of the paid employee or spouse.

7. When handling business at the counter, the spouse can act as an agent, and at the same time provide the agent’s identity certificate and the original marriage certificate. If it is necessary to verify the authenticity of the loan through the personal credit information system, only the main borrower can do it for his spouse. If the principal and interest are paid directly, the spouse can do it on behalf of the paid employee after handling the entrusted registration through the "Chengdu Housing Provident Fund" APP or providing a notarized power of attorney.

VI. Implementation of the Agreement

(1) If two or more paid employees sign the same loan, it will be executed in the order of signing time by default.

(2) If the fixed withdrawal method is adopted, Chengdu Provident Fund Center can calibrate the agreed withdrawal amount through cooperative banks’ push information, bank-Zhengtong platform inquiry and manual verification.

(three) paid workers and Chengdu provident fund center signed a monthly withdrawal agreement, and within the validity period, shall not handle other housing consumption withdrawal business.

VII. Alteration of Agreement

(1) Select the change of collection account.

During the validity period of the monthly withdrawal agreement, if it is necessary to change the withdrawal account, the signatory shall go through the change formalities at the counter, and the spouse may act as agent. If I handle it, I will provide the original ID card and my bank account; If the spouse acts as an agent, the original identity certificate and marriage certificate of the agent shall be provided at the same time.

Chengdu Provident Fund Center will keep the electronic images of the business materials and issue the agreement change certificate.

(2) Selection order change

There are multiple monthly repayment contractors for the same loan, and if the withdrawal order needs to be changed, all the contractors must go to the counter at the same time, and the spouse can act as agent. If I handle it myself, I will provide the original identity documents of all the signatories; If the spouse acts as an agent, the original identity certificate and marriage certificate of the agent shall be provided at the same time.

Chengdu Provident Fund Center will keep the electronic images of the business materials.

VIII. Termination of the Agreement

(1) The monthly withdrawal agreement shall be automatically terminated in the following circumstances:

1. If the principal and interest are paid directly, the remaining loan principal and interest payable shall be zero.

2. If the fixed withdrawal method is adopted, the accumulated withdrawal amount is equal to the remaining repayable loan principal and interest amount of the loan at the time of signing, or after the month following the agreed loan termination time has been withdrawn according to the agreement.

(II) During the validity period of the agreement, the signatory can terminate the agreement through the "Chengdu Housing Provident Fund" APP or go to the service hall of Chengdu Provident Fund Center to apply for termination of the agreement. If I apply for termination of the agreement at the counter, I shall provide the original identity certificate; If the spouse acts as an agent, the original identity certificate and marriage certificate of the agent shall be provided at the same time.

Chengdu Provident Fund Center will keep the electronic images of the business materials and issue the agreement termination certificate.

(3) Chengdu Provident Fund Center has the right to unilaterally terminate the monthly withdrawal agreement under any of the following circumstances:

1. The contractor is included in the bad behavior registration of the provident fund center.

2. The signatory is determined in the divorce agreement or the effective legal documents that he is no longer the owner of the house or no longer undertakes the repayment obligation, or the signatory is no longer the owner of the house, or the spouse of the owner of the house, or does not meet the extraction conditions.

3 national, provincial, municipal or Chengdu Provident Fund Center policies and regulations change, and the monthly repayment business is suspended.

IX. Other matters

(a) the balance of the employee housing provident fund account should be kept at least in 1 yuan. Before the deduction date of each month, the employees who signed the deposit contract should pay attention to the available amount and ensure that the balance of the personal loan repayment account meets the loan repayment amount of the current month to avoid loans overdue.

If the monthly housing provident fund fails to arrive on time or the available amount is insufficient due to reasons such as the housing provident fund is not remitted and credited in time, bank payment settlement, etc., the borrower shall timely deposit in the personal loan repayment account funds not less than the loan principal and interest payable in the current period.

If loans overdue is caused by the borrower’s failure to deposit funds in full and on time, the borrower shall bear the responsibility.

(II) Matters not covered in these Provisions shall be implemented with reference to the Measures for the Administration of the Withdrawal of Chengdu Housing Provident Fund and the Detailed Rules for the Implementation of the Administration of the Withdrawal of Chengdu Housing Provident Fund.

(three) the relevant management regulations or handling channels, inquiry channels, etc., shall be adjusted.

(4) The Chengdu Provident Fund Center shall be responsible for the interpretation of these Provisions.

(five) these Provisions shall come into force as of October 8, 2023, and shall be valid for one year.

Why should the Regulations be revised?

Applicable object of "monthly repayment"

And how to realize it?

Monthly withdrawal agreement

Can it be changed or terminated early?

Signed annual withdrawal agreement

Continue to take effect?

Here comes the interpretation.

Revision background

Since October 8, 2021, Chengdu Provident Fund Center’s monthly loan repayment business has been put into operation. Through two different processing modes of "straight principal and interest" and "fixed withdrawal", it has taken the lead in realizing the full coverage of individual housing loans in the industry by interconnecting with financial information platforms such as cooperative banks and banking-government-communication platforms. Employees who have paid off provident fund loans, commercial loans and portfolio loans can withdraw housing provident fund to repay loans on a monthly basis, effectively reducing the repayment of individual housing loans by paid employees. The relevant regulations on the management of monthly withdrawal of housing provident fund from Chengdu housing provident fund to repay the principal and interest of individual housing loans (Trial), which has been implemented for supporting business, is about to expire. In order to further improve the service experience of paid employees in withdrawing and using housing provident fund, and ensure the standardization, continuity and effectiveness of business operation, it is necessary to revise and improve the relevant regulations on the management of monthly repayment of loans.

hot-button issue

ask

What are the applicable objects and specific implementation methods of "monthly repayment"?

Answer: If employees are deposited in Chengdu Provident Fund Center and have applied for individual housing loans, they can apply to Chengdu Provident Fund Center for monthly withdrawal and repayment during the period of monthly loan repayment. Personal housing loans include provident fund loans, commercial loans, combined loans of provident fund loans and commercial loans.

There are two ways to realize monthly loan repayment: "straight principal and interest" and "fixed withdrawal".

ask

What is the scope of application of "straight principal and interest" and "fixed withdrawal"?

Answer: 1. "Direct payment of principal and interest" means that Chengdu Provident Fund Center deducts the principal and interest of provident fund loans that should be repaid by paid employees in the current period from the provident fund account on a monthly basis, and the difference that is insufficient to be deducted is deducted from the entrusted deduction account agreed by the borrower when handling the loan.

This method is applicable to the provident fund loan of Chengdu Provident Fund Center (excluding Ziyang Minsheng Village Bank).

2. "Fixed withdrawal" means that Chengdu Provident Fund Center transfers the withdrawal amount agreed upon in the agreement from the employee provident fund deposit account to the bank account agreed upon in the agreement on a monthly basis.

This method is applicable to other personal housing loans, including provident fund loans from Chengdu Provident Fund Center (limited to Ziyang Minsheng Village Bank), provident fund loans from other provident fund centers, and commercial loans (including discount loans from public developers).

3. For the monthly repayment of the combined loan of Chengdu Provident Fund Center, the part of the provident fund loan is realized by "straight principal and interest" and the part of the commercial loan is realized by "fixed withdrawal".

ask

What are the "fixed withdrawal" collection accounts?

Answer: 1. If the commercial loan of Chengdu Provident Fund Center Cooperative Bank is repaid by monthly withdrawal, and the deposit employee is the cardholder of the entrusted deduction account, the withdrawal funds can be transferred to the entrusted deduction account.

2. Other paid employees who meet the conditions of "quota withdrawal" will withdraw the repayment funds on a monthly basis and transfer them to my normal Class I bank savings account or a digital RMB wallet account that meets the requirements. If the employee has signed the card, the withdrawal funds will be transferred to my signing card.

3. Deposited employees can check the list of cooperative banks through the List of Banks for Online Inquiry of Commercial Loan Information published by Chengdu Provident Fund Center official website and other channels.

ask

What are the conditions for signing a monthly withdrawal agreement?

Answer: 1. The paid employee is the owner of the house purchased by the loan or the spouse of the owner, and the housing loan has not been settled.

2. There is no unfinished withdrawal business, pre-receipt registration, judicial freeze, etc. in the employee provident fund account, and I am not included in the bad behavior registration of Chengdu Provident Fund Center.

3. Deposited employees have not handled other housing consumption extraction business within a natural year, including purchase, construction, renovation, overhaul of self-occupied housing extraction, repayment of principal and interest of non-local housing loans, and rental extraction.

4. Deposit the annual withdrawal agreement or other monthly withdrawal agreement that the employee has not effectively implemented.

5. The address of the house should be consistent with the prefecture-level administrative region where the employee or spouse is registered or works, except that the purchased house is in the mutual recognition area announced by Chengdu Provident Fund Center.

ask

When can I sign a monthly withdrawal agreement after paying the employee for personal housing loan?

A: After the provident fund loan is issued, or the commercial loan is repaid for one month, it can be processed if it meets the signing conditions.

ask

Can the deposit balance included in the calculation of provident fund loan amount be used to direct the principal and interest?

A: Yes.

ask

What are the ways to sign a monthly withdrawal agreement?

A: There are mainly online and offline processing methods.

Eligible paid employees can apply for self-service online through the "Chengdu Housing Provident Fund" APP; If you can’t get the relevant information accurately online, you need to apply for it at the counter. When going offline for counter handling, the employees who pay the deposit shall provide proof materials according to Article 5 of the Provisions on the Administration of Withdrawing Housing Provident Fund from Chengdu Housing Provident Fund on a Monthly basis to Repay the Principal and Interest of Individual Housing Loans.

ask

After the overpaid employees sign the monthly withdrawal agreement, in what order will they be deducted or withdrawn?

Answer: If two or more employees pay the signing and withdrawal agreement for the same loan, it will be deducted or withdrawn in the order of signing time by default. If it belongs to the combined loan of Chengdu Provident Fund Center, it will give priority to the principal and interest of the provident fund loan.

ask

Can the monthly withdrawal agreement be changed or terminated early?

A: Yes. The agreement change is limited to the change of the order of the collection account and the drawer.

Deposited employees can apply for early termination of the agreement through the center "Chengdu Housing Provident Fund" APP within the validity period of the monthly withdrawal agreement.

ask

After signing the monthly withdrawal agreement, as long as the balance of the provident fund account is sufficient, is it unnecessary to deposit money in the repayment card?

Answer: In order to avoid the failure to withdraw the housing accumulation fund in full as agreed in the agreement due to reasons such as the failure to remit and record the housing accumulation fund in time and the abnormal payment and settlement by the bank, loans overdue will be generated. It is suggested that the paid employee or borrower deposit the repayment amount of not less than one month in the repayment card in advance. It should be noted that the balance of the employee provident fund account should be kept at least in 1 yuan.

ask

Will the annual withdrawal agreement signed at present continue to take effect?

A: Yes. If the paid employees have signed an annual withdrawal agreement and have not terminated the agreement, they can continue to implement it according to the agreement, or they can choose to change the annual withdrawal agreement into a monthly withdrawal agreement according to the actual situation.

Original title: "Implemented on October 8! It is related to the monthly withdrawal of Chengdu provident fund.

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