Partial early repayment of provident fund loans (loans accepted before August 1, 2020)

1. Scope of application:

For housing provident fund loans accepted before August 1, 2020, the borrower needs to repay part of the provident fund loan in advance.

2. Service conditions:

1. The borrower has completed one year from the date of disbursement of the provident fund loan;

2. The amount of each early repayment shall not be less than 6 times the amount due in the previous period;

3. Meet other conditions stipulated by the Municipal Provident Fund Management Committee, the Municipal Provident Fund  and the provident fund loan contract.

3. Application materials:

1. Proof of identity: The original ID card of the borrower. Hong Kong, Macao and Taiwan residents shall provide the original passports for Hong Kong, Macao and Taiwan residents, Mainland Travel Permits for Taiwan residents, or Hong Kong, Macao and Taiwan residents’ residence permits; foreigners and those who have obtained permanent (long-term) residency abroad shall provide the original passports; Hong Kong, Macao, Taiwan and foreigners shall provide domestic contact information (name, ID number and contact information) and ID.

2. If the borrower entrusts the spouse or the immediate blood relative to handle the application, the original identity documents of the borrower and the trustee, the power of attorney and the relationship certificate shall be provided. If the borrower entrusts the spouse to do so, the original and photocopy of the marriage certificate should be provided. If the married person from Hong Kong, Macao or Taiwan has not registered for marriage in the mainland (mainland), the marriage certificate notarized by the notary office in the place of residence (Hong Kong, Macao or Taiwan) should be provided. Taiwan Married persons can provide Taiwan ID card (see details of family members on the back). If a marriage is registered overseas, the original and photocopy of the marriage certificate issued by the notary office or competent authority of the country where it is located and authenticated by the embassy (consulate) of the People's Republic of China in that country or the embassy (consulate) of that country in China shall be provided. If the version is in a foreign language, the original and photocopy of the translation issued by a regular translation agency shall be provided.

3. For other cases entrusted by the borrower, the original notarized power of attorney should be provided (the power of attorney should specify the relevant entrusted matters), and the original identity documents of the trustee and the trustee.

4. Proof of loan account number, including but not limited to: loan contract, statement of account, repayment plan, etc.

5. Repayment card.

6. Other materials required by the Municipal Provident Fund .

4. Service method:

Offline:

The branch of the original lending bank.

Process:

Appointment - the loan bank gives a reply and agrees on a specific processing time - according to the agreed time.

Partial early repayment of provident fund loans (loans accepted after August 1, 2020)

1. Scope of application:

For housing provident fund loans accepted after August 1, 2020, the borrower needs to repay part of the provident fund loan in advance.

2. Service conditions:

1. The loan has been repaid normally for one period, and there is no arrears of principal, interest, principal penalty interest, interest penalty interest, expenses required to realize the creditor's rights, losses to the lender due to the borrower's default, and all other fees payable;

2. There is no unaccounted business for provident fund loans;

3. The loan term is more than 1 year ;

4. The amount of each early repayment shall not be less than 6 times the amount due in the previous period ;

5. The loan balance after early repayment shall not be less than 1,000 yuan ;

6. The scheduled repayment date shall not be on the 20th of each month , no later than the next repayment date, and shall not be New Year’s Eve ;

7. Weekends and holidays are not regarded as the repayment appointment date;

8. Other conditions stipulated by the Municipal Provident Fund Management Committee or the Municipal Provident Fund .

3. Application materials:

1. Proof of identity: The original ID card of the borrower. Hong Kong, Macao and Taiwan residents shall provide the original passports for Hong Kong, Macao and Taiwan residents, Mainland Travel Permits for Taiwan residents, or Hong Kong, Macao and Taiwan residents’ residence permits; foreigners and those who have obtained permanent (long-term) residency abroad shall provide the original passports; Hong Kong, Macao, Taiwan and foreigners shall provide domestic contact information (name, ID number and contact information) and ID.

2. If the borrower entrusts the spouse or the immediate blood relative to handle the application, the original identity documents of the borrower and the trustee, the power of attorney and the relationship certificate shall be provided. If the borrower entrusts the spouse to do so, the original and photocopy of the marriage certificate should be provided. If the married person from Hong Kong, Macao or Taiwan has not registered for marriage in the mainland (mainland), the marriage certificate notarized by the notary office in the place of residence (Hong Kong, Macao or Taiwan) should be provided. Taiwan Married persons can provide Taiwan ID card (see details of family members on the back). If a marriage is registered overseas, the original and photocopy of the marriage certificate issued by the notary office or competent authority of the country where it is located and authenticated by the embassy (consulate) of the People's Republic of China in that country or the embassy (consulate) of that country in China shall be provided. If the version is in a foreign language, the original and photocopy of the translation issued by a regular translation agency shall be provided.

3. For other cases entrusted by the borrower, the original notarized power of attorney should be provided (the power of attorney should specify the relevant entrusted matters), and the original identity documents of the trustee and the trustee.

4. Other materials required by the Municipal Provident Fund .

4. Service method:

Offline:

The original loan acceptance network.

on-line:

Shanghai Housing Provident Fund website www.shgjj.com , "Shanghai Provident Fund" mobile client.

Process:

Reservation - Deposit the principal and interest payable for the early repayment in the repayment account before the agreed repayment date.

Five, matters needing attention:

1. On the day of the scheduled deduction, if the repayment is not made normally in the current month, the acceptance of part of the early repayment will be voided.

2. If the balance in the repayment account is insufficient to fully repay the principal and the interest payable for the scheduled early repayment on the day of the scheduled deduction, the partial early repayment acceptance will be invalid.

3. When applying for partial early repayment online, the borrower can choose the remaining loan repayment method: "repayment amount remains unchanged, repayment period decreases" or "repayment period remains unchanged, repayment amount decreases"; If the co-borrower changes or reduces the co-borrower and needs to repay in advance, select “repayment period remains unchanged, repayment amount reduced” (ie, reduced amount).