Can commercial loans be converted into provident fund loans

Commercial loans can be converted into provident fund loans, but the following conditions need to be met:

1. It is necessary to be a pure commercial loan.

Converting to provident fund loans requires that the original mortgage of the customer is a pure commercial loan. If the customer applied for a portfolio loan before, it is impossible to convert the part of the commercial loan into a provident fund loan.

2. The status of the provident fund account is normal

Converting your own commercial loan into a provident fund loan requires that the customer's provident fund account is in normal status. If the customer's provident fund account is sealed for some reasons, it will also lead to the failure of the lending business.

3. The duration of continuous payment meets the requirements.

To transfer to provident fund loans, customers need to be qualified for provident fund loans. If they want to be qualified for provident fund loans, the duration of continuous payment of provident fund for customers must meet the requirements, and at least they must pay for more than 12 months before they can be qualified for provident fund loans.

4. The balance of the provident fund account is sufficient

When transferring to the provident fund loan, the customer must transfer all the commercial loans to the provident fund loan at one time, not just part of them, so the customer needs to be able to apply for enough provident fund loan quota. Generally speaking, the provident fund loan quota is 1 to 2 times of the account balance, so the customer can simply estimate it.

5. There is no provident fund loan under the name

A customer cannot have multiple outstanding provident fund loans under his name at the same time, so when transferring loans, the customer needs to check the loans under his name.

6. The number of loans has not exceeded the limit

Although provident fund loans have many advantages, there is a limit on the number of loans. Customers can only apply for provident fund loans for up to two times, and they will be refused loans if they exceed the number of times. Customers need to judge according to their actual situation.

7. Comprehensive qualifications should meet the requirements

In fact, the applicant's transfer to the public sector is to re-apply for a mortgage in the provident fund center, so the customer's credit information, income flow, income proof and other aspects need to meet the requirements, otherwise it will be directly refused by the provident fund center.

8. with the consent of the commercial bank

customers need to settle their commercial loans in advance, which will harm the interests of the bank. therefore, if they want to transfer their loans successfully, they need the consent of the original commercial bank first.

9. There is no record of overdue mortgage

When the customer reloans, there should be no record of overdue mortgage, otherwise it will leave a stain on the credit information, which will increase the concerns of the provident fund center and affect the final loan result.

1. Property right certificate has been obtained for the house

No matter whether it is a new house or a second-hand house, you must have the property right certificate before you can apply for the transfer of the business to the public. If you don't obtain the relevant documents, the customer can't handle the loan transfer business.

Before transferring to provident fund loans, you can contact the local provident fund center to learn about the specific loan policies.