There is no handling fee for the business of transferring to the public, and there is no handling fee for customers to handle the business of transferring to the public at the provident fund center. However, although enterprises do not charge for public business, customers may incur expenses in other aspects, such as the penalty for repayment of commercial loans, or the procedures for payment when choosing bridge funds.

Compared with commercial loans, the interest rate of provident fund loans does have many advantages. Of course, it is not so simple for customers to apply for provident fund loans, and they need to meet the following requirements of the provident fund center:

1. Customer's credit information is good.

2. Customer income is stable.

3. The balance of the provident fund account is sufficient.

4. The status of the provident fund account is normal.

5. Provident fund has been paid continuously 1 year.

6. There is no outstanding provident fund loan in the name.

7. The supporters of relevant commercial banks turn to the public.

It can be seen that it is not easy for customers to want applicants to change jobs. Before handling this business, they can consult the banks and local provident fund centers that handled the loans at that time in detail to understand the specific conversion policies and see what information needs to be prepared.

General process of transferring commercial loans to provident fund loans

1, consulting application

Contact the bank account manager of the original commercial loan, and generally tell you to contact the queue and other notices.

2. Submit relevant materials

Identity card, real estate license, marriage certificate or single certificate, household registration book, commercial loan contract, real estate appraisal certificate, repayment bank card. After checking, the account manager will ask you to fill out a bunch of forms and sign and stamp them.

3. Data submission for review

The lending bank shall review all the information of the sub-lending borrower and report it to the local capital center for approval.

Step 4 sign a contract

After being approved by the local capital center, the lending bank signs a provident fund loan contract and a mortgage contract with the sub-loan borrower, and the sub-loan borrower signs a guarantee contract with the guarantee company.

5. Fund advance deposit

Lending borrowers need to settle the difference between the provident fund loan and the original commercial loan balance before issuing the provident fund loan and deposit it in the deposit account of the original commercial loan bank.

Step 6 change insurance

Re-loan borrowers with the original commercial loan insurance policy to the insurance company to change home insurance procedures, insurance beneficiaries from the original loan bank to the local capital center.

7. Transfer of funds

The local capital center allocates loan funds, and the loan bank notifies the loan borrower at the same time as issuing provident fund loans and settling the original commercial loans.

8. Monthly repayment

The reloan borrower shall repay the loan on time every month from the month following the settlement of the original commercial loan until the loan is fully paid off.

9. Settle the loan

When the borrower settles the last loan, I shall personally go to the loan bank and go through the repayment settlement procedures at the counter.

10, cancel mortgage

After the borrower repays all the loan principal and interest, he should go through the mortgage registration cancellation formalities with the original real estate mortgage registration department with the settlement certificate, mortgage cancellation certificate, original house purchase contract or real estate license and personal ID card issued by the loan bank.