First of all, you should apply to the provident fund center (which bank did you borrow from and which bank did you apply for a provident fund loan to repay the loan). After the approval of the provident fund center, you can apply for a provident fund loan from the bank that gave you the loan. After the provident fund loan is issued, the loan entrusting bank directly uses the issued provident fund loan to recover the commercial loan.
Extended data
For those who just need it, provident fund loans are the first choice for buying a house. In addition, some people will choose commercial loans. Between these two loan methods, you can also change commercial loans into provident fund loans through the business of "changing commercial loans into provident fund loans", thus enjoying preferential loan interest rates.
However, these days, many buyers in second-and third-tier cities found that the "business to public" business suddenly could not be handled. For example, from today, Nanchang, Jiangxi Province will suspend the acceptance of "business-to-public" loan applications.
Today, the reporter called Nanchang Housing Provident Fund Management Center. The staff member said that due to the shortage of funds, it is impossible to handle business transfer at present. If you want to handle it, the waiting time will be longer.
Due to the shortage of funds, the utilization rate of provident fund loans is high, and it is impossible to handle the transfer business at present. The staff of Fuzhou Housing Provident Fund Management Center said that when the utilization rate of the provident fund falls below 90%, the related business will resume. The staff of Hefei Housing Provident Fund Management Center said that from the local situation, the waiting time may be as long as half a year.
It can be seen that the suspension of business from commercial to public is directly related to the high utilization rate of provident fund. The data shows that the utilization rate of provident fund in some second-tier cities is very high. At the end of June this year, the utilization rate of housing provident fund loans in Fuzhou reached 105.23%, Xiamen reached 108. 18%, and Nanchang reached 1 17%, all hitting record highs.
Therefore, tightening provident fund loans has become an inevitable choice. While suspending the business of transferring business from commercial to public, some places also stipulate that when the provident fund loan is below a certain standard, the business of transferring business from commercial to public will be restarted. Many places set this restart standard in the range of 85% to 90%.
In addition to the shortage of provident fund, Yang Hongxu, vice president of Shanghai Yiju Real Estate Research Institute, believes that the real estate market in second-tier cities has grown substantially, and the enthusiasm of provident fund management centers to provide loans is not high.
Commercial loans to provident fund loans need subsidies, which is one of the reasons why the provident fund management center is unwilling to do so. In addition, it is also an important aspect for second-tier cities to adjust their real estate policies through mortgages.
April statistics just released by the National Bureau of Statistics show that both real estate development and sales data have improved. Looking up the previous data, we can find that in the past year, the real estate development has gone out of a standard V-shaped situation. Second-tier cities have also become important resources that housing enterprises take seriously.
Data from survey institutions show that in April this year, second-tier cities sold a total of 24.22 million square meters of commercial land, an increase of 10.7% from the previous month and an increase of 410.7% from the same period last year. The land transfer fee was as high as113.56 billion yuan, up 280.4% year-on-year and 38.4% quarter-on-quarter. This is enough to see the popularity of the property market in second-tier cities.
Then, if the provident fund loans are tightened and the business of "business to public" is suspended, will it bring a cold wave to the real estate market in second-tier cities that have just warmed up? Yang Hongxu, vice president of Shanghai Yiju Real Estate Research Institute, thinks that this situation is unlikely to happen, and the provident fund policy is only one aspect that affects the property market policy. There are many other reasons that will affect the real estate market.
However, the immediate problem faced by most needy families is what to do when buying a house. If the provident fund is getting tighter and tighter, it is obviously not conducive to everyone buying a house; To put it another way, the persistence of this situation will also affect the development of the industry. In Yang Hongxu's view, housing loan discount and loan interest tax relief should be the main measures to be considered in the future.
Reference: People's Network? The proportion of provident fund loans is too high, and some places stop the business of "business to public".