Houses bought with provident fund loans will not be converted into commercial loans after resignation. As long as the loan is repaid in full and on time every month, the interest rate of the provident fund loan will still be implemented, that is, it will still be implemented according to the provident fund loan until the mortgage is paid off.

To apply for "commercial loan to provident fund loan", the borrower shall meet the following seven conditions at the same time:

1, which meets the application conditions for housing provident fund loans in our city;

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

3. The original commercial house 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 repayment for more than one year (inclusive), 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 transferred to provident fund loans;

7, did not apply for housing provident fund loans.

Housing provident fund loans are policy loans, and the interest rate is lower than that of commercial housing loans. Opening the mortgage business of housing provident fund and reducing the repayment pressure of employees will further improve their ability to pay for housing. In the case of the same loan amount, loan term and repayment method, it can save a lot of interest expenses compared with commercial housing loans after being converted into housing provident fund loans.

Extended data:

The loan amount for applying for "commercial loan to provident fund loan" meets the following conditions at the same time:

1, within the maximum loan amount of housing provident fund loan;

2. Within the specified proportion of the house value (the house value is determined according to the lower of the original purchase price and the evaluation price);

3. Within the balance of the original commercial housing purchase loan.

Terms and conditions

1, local housing accumulation fund within the loan period;

2. Within the remaining life of the original commercial housing loan.

3, "business to public" loan interest rate according to the provisions of the people's Bank of China housing provident fund loan interest rate.

4. If the borrower applies for a "business-to-public" loan, it shall provide a guarantee method that conforms to the application for housing provident fund loan.

Matters needing attention

1, no bad repayment record;

2. Apply for the consent of the original loan bank;

3. The ownership certificate of the house involved in the transfer of the provident fund loan should have been issued and the mortgage formalities can be handled;

4. The loan amount transferred to the provident fund loan shall not exceed the remaining loan principal of the original commercial loan, and shall not exceed 60% of the original purchase price of the house and the low appraisal value of the house;

5. The balance of the original loan exceeds the loan amount transferred to the provident fund, which is raised by the new borrower (or borrower) and used together with the loan transferred to the provident fund to repay the original loan in advance.

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