At present, only the provident fund management centers in some areas have cooperated with the Bank of China to start the business of transferring commercial housing loans to provident fund loans. For details, please consult the local provident fund management centers.
The above contents are for your reference. Please refer to the actual business regulations.
How to change mortgage from commercial loan to provident fund loan?
How to convert commercial loans into housing provident fund loans
1. Commercial loans can be converted into housing provident fund loans.
2, commercial loans to provident fund loans, borrowers should also meet the following seven conditions:
Meet the application conditions for housing provident fund loans in this Municipality; The borrower must be the borrower or spouse of the original housing loan (the buyer is required); The original commercial housing loan has not been settled, and the bank agrees that the borrower will settle the loan in advance; The original commercial housing loan has been repaid for more than one year (inclusive), with a good credit record and no overdue loan balance; The purchased property has obtained the house ownership certificate issued by the local real estate registration department, and it is a steel-concrete structure; Commercial loans that can be mortgaged for the purchased real estate can be converted into provident fund loans; Never applied for a housing provident fund loan.
3. Materials required for the loan conditions of commercial loans to provident fund (all materials must be provided in originals): the original purchase contract; Original purchase invoice issued by the tax department; Original Property Ownership Certificate and Land Certificate; Original ID cards of both husband and wife (valid for more than one year); Original marriage certificate or single certificate (the single certificate is stamped with the official seal of the unit); Original household registration book; Original bank settlement voucher and repayment voucher; Original loan contract signed with the bank.
4. Housing provident fund loans refer to housing mortgage loans granted by commercial banks entrusted by local housing provident fund management centers to on-the-job employees who have paid housing provident fund and retired employees who have paid housing provident fund during their employment. Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions and their employees. The housing provident fund paid by employees and the housing provident fund paid for employees by the unit where employees work are personal savings stored by employees in accordance with the regulations for housing consumption expenditures, which belong to individual employees. When an employee retires, the balance of principal and interest is paid in one lump sum and returned to the employee himself.
5. Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. Generally, they are short-term loans, usually 9 months, up to one year, but there are also a few medium-and long-term loans. This kind of loan is the main part of commercial bank loans, generally accounting for more than one-third of the total loans.
6. Commercial loans, also known as individual housing loans, are commercial banks and housing savings banks approved by the People's Bank of China, which provide loans for urban residents to purchase ordinary housing for their own use and implement the statutory loan interest rate. Many commercial banks in Beijing have this business, such as CCB and ABC. The procedures for applying for loans are basically the same.
7. Personal housing commercial loans are self-operated loans issued by banks with their credit funds.
Specifically, a natural person with full capacity for civil conduct applies to the bank for a commercial housing loan as a loan repayment guarantee when purchasing a self-occupied house in a town in this city, with the purchased property housing (or other guarantee methods recognized by the bank) as collateral. Mortgage loan is a kind of commercial loan. Personal housing commercial loan is a kind of loan that China citizens apply to the bank for the purchase of commercial housing. According to the relevant regulations of the bank, anyone who meets one of the following two conditions can apply for loan varieties: first, residents who participate in housing savings; Second, the house seller and the loan bank agreed that the real estate guarantee enterprise would provide guarantee to the bank for the residents' house purchase loan.
Commercial loans refer to the proportion of commercial loans in the guarantee balance of housing property right guarantee institutions at the end of the statistical period.
Can Bank of Beijing convert commercial loans into provident fund loans?
Bank of Beijing is also not allowed to convert commercial loans into housing provident fund loans. Even if Bank of Beijing has applied for a commercial loan, it can't transfer it because it has already applied for a commercial loan, let alone a housing provident fund loan.
This is the year-end launch of Beijing commercial loans to provident fund loans and how Beijing commercial loans to housing provident fund loans. I wonder if you have found the information you need?