What does Social Security Settlement Period mean? What is the social security settlement period?

1. Social security settlement means that the relevant department of the social security center calculates the accumulated interest on the balance in the account at the end of each year according to a certain interest rate and settles the account, and the interest rate is generally higher than that of bank deposits.

2. Currently, the social security settlement date in most areas is June 30th of each year, so the social security payment year is from July 1st of this year to June 30th of the next year.

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How to get a credit loan from CPF?

CPF credit loan process:

1, eligible for CPF credit loan lenders need to bring a valid personal ID card and relevant loan information, go to the bank branch corresponding to the property, and fill out the loan application form with the help of the staff;

2, after the lender submits the loan application, the CPF center will review the lender's information to see if the lender meets the qualifications for the loan;

3. The bank will give the result of whether to give the lender a loan or not within a certain period of time;

4. If the loan application for the provident fund is approved, the provident fund center or the bank will tell the lender to go through the signing formalities;

5. After the signing of the contract, the bank will disburse the loan within a certain period of time, and the lender can just make repayment on time.