Can the provident fund be sealed and hedged?
If the user has handled the loan repayment business of the housing provident fund before sealing, sealing the provident fund will not affect the fund hedging. As long as there is a balance in the account, the bank will automatically deduct the balance from it until the balance is zero (mainly monthly loans and annual loans, with monthly loans deducting the corresponding amount to compensate the principal and interest of the current month and annual loans deducting the balance to compensate the principal once a year).
The provident fund is naturally sealed, generally because the wage relationship between the user and the unit is interrupted, which leads to the termination of the provident fund and the inability to transfer the account, which does not meet the criteria for withdrawing the provident fund. However, after going to the new company, you can let the new company unseal, and then you can continue to pay the provident fund, and the bank can deduct money at any time. Users should note that when the provident fund is in a sealed state, users are not allowed to apply for housing provident fund loans, but those who buy self-occupied houses can still apply for withdrawal of the provident fund directly.
How to hedge repayment with provident fund?
To apply for fund hedging loan repayment, users can apply to the fund center and prepare relevant materials for business according to the requirements of the fund center. Users can choose annual offset or monthly offset according to their actual situation. Of course, when applying for provident fund hedging loan repayment, users need to meet a series of requirements of the provident fund center. For example, the user's provident fund account has sufficient funds, and the state of the provident fund account is normal when the provident fund is hedged and repaid. This paper mainly talks about the difference between hedging and non-hedging of provident fund, and the content is for reference only.