Early settlement 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 settle the provident fund loan in advance.

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

3. Repayment card.

4. Other materials required by the Municipal Provident Fund .

3. 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.

4. Attendees:

Borrower. If you are unable to be present, you need to provide a notarization certificate of entrustment issued by a notary office (the relevant entrustment matters should be specified in the notarization certificate) and the original identity certificate of the trustee.

Early settlement 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 settle 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 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;

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

5. 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. People from Hong Kong, Macao and Taiwan should provide the original copy of Mainland Travel Permit for Hong Kong and Macau Residents, Mainland Travel Permit for Taiwan Residents, or Residence Permit for Hong Kong, Macau and Taiwan Residents ; Taiwanese and foreigners need to provide domestic contact information (name, ID number and contact information) and ID card.

2. 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 in advance in the repayment account before the agreed repayment date.

5. Attendees:

Borrower. If you are unable to be present, you need to provide a notarization certificate of entrustment issued by a notary office (the relevant entrustment matters should be specified in the notarization certificate) and the original identity certificate of the trustee.

6. Matters needing attention:

1. On the day of the scheduled deduction, if the repayment is not made normally in that month, the early settlement will be invalid.

2. On the day of the scheduled deduction, if the balance in the repayment account is insufficient to fully repay the principal and the interest payable for the scheduled early repayment, the early settlement acceptance will be void.

3. If the borrower voluntarily settles the loan in advance, he can apply to withdraw the balance of the provident fund deposit account within three months after the loan is settled, and the amount that can be withdrawn shall not be higher than the repayment amount on the day of settlement; The provident fund loan and commercial loan must be cleared before applying for withdrawal.

4. If the borrower is entrusted to withdraw and repay the loan, after the pure provident fund loan is settled in advance, the withdrawal and repayment agreement will be automatically terminated.