#Media People Weekly##Tangshan Headlines#Tangshan New News: Provident Fund Loan Early Repayment Can't Choose to Shorten the Repayment Period?
Recently, some netizens have consulted: Why can't the early repayment of the provident fund loan choose to shorten the repayment period? The system automatically reduces the monthly repayment amount by default, is it a hegemonic clause?
Reply: Housing provident fund prepayment business and shrinkage (shortening the repayment period) business are different businesses. Early repayment business means that the principal of your loan is reduced, so the interest on the loan is reduced, and the monthly repayment amount is also reduced; the business of shortening the repayment period is a kind of business that shortens the repayment period. The following conditions shall be met for the loan contraction business: (1) the borrower shall repay the loan normally for more than one year, have good credit, have no bad repayment record, have no overdue repayment at the time of application and agree that the mortgage period of the collateral shall not be changed, and may apply for a reduction period; (2) the change of the term of the portfolio loan shall be subject to the consent of the combined loan bank and the change period shall be consistent; (3) the borrower's ability to repay the loan after the reduction of the loan shall meet the requirements before the loan reduction period can be handled; (4) the change period shall be subject to the contract term. The number of shortened periods is changed in multiples (years) of 12; (v) only one loan can be processed for a period reduction. If you want to shorten your repayment period, you can go to the front desk of the loan business to handle the loan business. #Tangshan's side affairs#Ask for attention [Zuoyi]
