According to local regulations, commercial loans in some cities can be transferred to provident fund loans, depending on local regulations, such as Beijing, Shanghai and Guangzhou, but Dongguan, Ningbo and Shenzhen can, depending on local regulations. At present, there are two ways to deal with the conversion of commercial loans into public loans, one is to pay them back first, and the other is to use loans to offset loans. Repayment means that employees who have applied for commercial loans apply to the center to transfer commercial loans to the public. With the consent of the center, employees will pay off their commercial loans with their own funds and go through the guarantee procedures, and then the center will issue commercial loans to the society. Loan-for-loan refers to the borrower who has applied for a commercial loan changing from a central applicant to a public loan. With the consent of the center, the borrower pays off the balance of principal and interest of commercial loans in advance and goes through the guarantee procedures. The issuer of the center turns to public loans, and the borrower, the guarantee company and the bank jointly pay off the commercial loans with the cooperative users, and go through the counter-guarantee procedures for housing mortgage. Precautions for transferring commercial loans to provident fund loans: 1, with 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 amount of the loan transferred to the provident fund, which will be 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. 6. The applicant has normally paid the housing accumulation fund in full 1 year or more, and the applicant must be the same person as the original commercial loan borrower. I hope my answer is helpful to you.

Can buying a house turn a commercial loan into a housing provident fund loan?

According to local regulations, commercial loans in some cities can be transferred to provident fund loans, depending on local regulations, such as Beijing, Shanghai and Guangzhou, but Dongguan, Ningbo and Shenzhen can, depending on local regulations. At present, there are two ways to deal with the conversion of commercial loans into public loans, one is to pay them back first, and the other is to use loans to offset loans. Repayment means that employees who have applied for commercial loans apply to the center to transfer commercial loans to the public. With the consent of the center, employees will pay off their commercial loans with their own funds and go through the guarantee procedures, and then the center will issue commercial loans to the society. Loan-for-loan refers to the borrower who has applied for a commercial loan changing from a central applicant to a public loan. With the consent of the center, the borrower pays off the balance of principal and interest of commercial loans in advance and goes through the guarantee procedures. The issuer of the center turns to public loans, and the borrower, the guarantee company and the bank jointly pay off the commercial loans with the cooperative users, and go through the counter-guarantee procedures for housing mortgage. Matters needing attention in transferring commercial loans to provident fund loans are as follows: (1) There is no record of bad repayment; The applicant shall obtain the consent of the original loan bank; , involving the transfer of provident fund loans, the house ownership certificate should have been completed and the mortgage procedures can be handled; 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; The balance of the original loan exceeds the amount of the loan 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. 2. The borrower shall pay the housing provident fund in full and normally for more than one year, and the borrower shall be the same person as the original commercial loan borrower.

Can Shanghai Industrial and Commercial Bank handle the business of corporate transfer?

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

1. The repayment time of commercial loans exceeds 1 year, and there is no overdue situation;

2. Meet the conditions for applying for provident fund loans;

3. Can provide effective guarantee;

4. The loan must be approved by the original commercial loan bank;

5. The person applying for reloaning needs to be the applicant of the original commercial loan or his spouse.

operation sequence/order

(1) Borrower's application. The borrower applies for housing provident fund loan to the provident fund center, fills in the loan intention form of xx Housing Provident Fund Management Center, and provides the application materials specified in Article 6.

(2) the provident fund center for approval. The provident fund center shall examine the materials provided by the borrower, and notify the borrower to go through the loan procedures if it meets the application conditions after examination.