What is the reason why mortgage can't be converted from business to public?
1 Personal reasons: The personal reasons why the mortgage lender can't transfer to the public may be insufficient time for the payment of the provident fund, insufficient balance in the provident fund account or overdue records in personal credit information. Provident fund loans can only be applied if certain conditions are met. Employees need to pay the provident fund for six months continuously, and they can only apply if the current provident fund is paid. The amount of application for provident fund loans is related to the balance of provident fund accounts.
2 geographical reasons: the interest rate of provident fund loans is very low, but it also has an important shortcoming, that is, the amount of provident fund loans is limited, and the maximum amount of provident fund loans everywhere is limited. If it exceeds the maximum amount, it is impossible to apply for provident fund loans. When users handle business transfer, if the local provident fund loan amount exceeds 90%, they will stop business transfer, and when they can handle it depends on the news of restart.
When a commercial loan is converted into a provident fund loan, users can apply for the current commercial loan as a provident fund loan after handling the commercial loan and satisfying the local provident fund loan, and use the provident fund loan to repay part or all of the commercial loan. The main purpose of corporate loans is to save loan interest. Commercial loans are specially designed for provident fund loans, which will reduce some interest. After all, the interest rate of provident fund loans is low.