Provident fund is a kind of employee welfare, which is suitable for employees to use housing loans. However, due to unstable jobs, many people leave their jobs after taking out loans, which leads to the invalidation of the provident fund. Therefore, these people can only convert the provident fund into commercial loans. Let's take a look at how Bian Xiao's provident fund is converted into commercial loans. By the way, the provident fund can be converted into commercial loans, and the interest rate of the provident fund can be converted into commercial loans.

First, how to operate the provident fund to commercial loans?

1. Conditions for converting provident fund into commercial loans

How to operate the provident fund to commercial loans? Before converting the provident fund into a commercial loan, we must first look at whether it meets the conditions. The following is the specific situation.

(1) The borrower transferring the provident fund loan and the borrower of the commercial loan must be the same person;

(2) The original loan has been repaid normally for more than 1 year, and there is no record of overdue repayment provided by the lending bank;

(3) If the housing provident fund is withdrawn due to the purchase of housing, the housing provident fund shall be continuously and normally paid 1 year or more from the date of withdrawal;

(4) Lending must obtain the consent of the original lending bank;

In addition, it must also comply with the national and autonomous region housing provident fund individual housing loan policy.

2. How to transfer the provident fund to commercial loans?

(1) Consultation acceptance

If the sub-loan applicant meets the loan conditions after consultation with the original commercial loan bank, the bank staff shall guide the borrower to fill in the personal housing provident fund loan folder correctly and completely.

(2) Submit information

Submit the relevant information stipulated by the lending institution.

(3) loan acceptance

For eligible borrowers, the entrusted bank conducts a preliminary examination before lending in the provident fund system, and determines the loan amount, term, interest rate and repayment method through consultation with the borrowers according to the preliminary examination results and repayment ability; The entrusted bank conducts the preliminary examination in the provident fund system. If the preliminary examination fails, the borrower shall be notified in time and the reasons shall be informed.

Second, how many commercial loans can the provident fund transfer?

How many commercial loans can the provident fund transfer? In principle, the transfer of provident fund to commercial loans can be carried out in full, but some steps need to be completed. At this stage, there are two types of provident fund commercial loans. The following is a detailed introduction.

1. Pay off the provident fund loan first, and then make a commercial loan after obtaining the real estate license. That is to say, collect the money first, and then apply to the bank to repay the provident fund loan in advance (some banks will charge one month's loan interest as liquidated damages). Mortgage the property right certificate of the house to the relevant departments for commercial loans.

2. Use another house as collateral (there must be a property right certificate or real estate license) to convert the provident fund into a commercial loan. Specifically, fill in the loan application form and provide relevant identification and other materials (ID card, household registration book, marriage certificate, etc. ) and to the relevant units for processing.

Third, the interest rate of converting provident fund into commercial loans.

The interest rate calculation of the provident fund to commercial loan is determined according to the processing time of the bank, and it needs to be calculated according to the current interest rate of the provident fund before the processing is completed; After the treatment is completed, it needs to be calculated according to the commercial loan interest rate.

1, provident fund loan interest rate

(1) The interest rate of the provident fund loan shall be subject to the interest rate standard and relevant regulations published by the People's Bank of China on the loan day.

(2) If the interest rate changes during the loan period, it will be adjusted according to the following provisions: for loans with a loan term of one year, the interest rate will not be adjusted; For loans with a loan term of more than 1 year and issued before the adjustment date, the new interest rate regulations will be implemented according to the corresponding interest rate grades from the following year 1.

(3) Current annual interest rate 1 ~ 5 years: 2.75%; 6 ~ 30 years old: 3.25%

(4) If the borrower uses the housing provident fund personal housing loan for the second time, the loan interest rate is 1. 1 times the benchmark interest rate.

2. Commercial loan interest rate

(1) Short-term loan: within one year (including one year), 4.35%;

(2) Medium and long-term loans: one to five years (including five years), 4.75%; More than five years, 4.90%;

(3) Provident fund loan interest rate: less than five years (including five years), 2.75%; More than five years, 3.25%.

The above is about how the provident fund can be converted into commercial loans, how much the provident fund can be converted into commercial loans, and the interest rate of the provident fund on commercial loans. I hope it will help everyone!