If individual commercial loans are to be converted into provident fund loans, the conditions for converting commercial loans into provident fund loans need to be met. To apply for "commercial loan to provident fund loan", the borrower shall meet the following seven conditions at the same time:

1, in line with the housing provident fund loan conditions;

2. The borrower must be the borrower or spouse of the original housing loan (required by the buyer);

3. The original commercial housing purchase loan has not been settled, and the bank agrees that the borrower will settle the loan in advance;

4. The original commercial housing loan has been repaid for more than one year (inclusive), with a good credit record and no overdue loan balance;

5. The purchased property has obtained the real estate license issued by the local real estate registration department, and it has a steel-concrete structure;

6. Commercial loans that can be mortgaged for the purchased real estate can be converted into provident fund loans;

7, did not apply for housing provident fund loans. Housing provident fund loans are policy loans with lower interest rates than commercial housing loans. Opening the housing provident fund mortgage business and reducing the repayment pressure of employees will further improve their ability to pay for housing.

Generally speaking, the term of corporate loans is 3 to 25 years, and the longest is not more than 30 years. The age of the loan applicant plus the loan period generally does not exceed the statutory retirement age. The interest rate of corporate first-time house purchase loan shall be subject to the benchmark interest rate standard of housing provident fund personal housing loan stipulated by the People's Bank of China, and the interest rate of corporate second-time house purchase loan shall be no less than the benchmark interest rate 1. 1 times.

Article 26 of the Regulations on the Management of Housing Provident Fund stipulates that employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses.

The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities.

The risk of housing provident fund loans shall be borne by the housing provident fund management center.