Required.

Transforming from business to public has certain requirements for the provident fund loan balance, which usually requires the provident fund account balance to be greater than 6 times the monthly remittance payment amount. In addition, commercial provident fund loans also need to meet three requirements: the provident fund account must be opened for 180 days or more; the current account status of the provident fund is normal; when applying for a provident fund loan from a provident fund account, the provident fund must be paid continuously for 6 months. There can be no interruption of payment or make-up payment in the middle.

In addition, in addition to the provident fund requirements for commercial provident fund loans, commercial loans also need to meet certain conditions. When applying for a commercial provident fund loan, the original commercial loan bank needs to agree to provide a provident fund loan; the commercial loan repayment time needs to be more than 6 months; and a real estate certificate or real estate title certificate has been applied for. Only after meeting these conditions can users successfully handle the process of converting commercial loans to industrial loans.

It should be noted that when a user applies for a commercial provident fund loan, the loan amount is not only related to the provident fund account balance, but also to the loan user's personal credit, repayment ability, housing down payment ratio, and the local provident fund maximum limit. It is related to other aspects, and the loan amount calculated in different ways is also different. When applying for a business-to-public loan, it is recommended that users not withdraw funds from the provident fund balance casually. If the amount is not enough, it will be more troublesome. The specific amount after the loan is transferred is still subject to the bank's approval results.

Legal basis:

"Housing Provident Fund Management Regulations" Article 15 When a unit hires employees, it must register with the Housing Provident Fund Management Center within 30 days from the date of employment. And handle the procedures for the establishment or transfer of employee housing provident fund accounts. If a unit terminates the labor relationship with an employee, the unit shall register the change with the Housing Provident Fund Management Center within 30 days from the date of termination of the labor relationship, and handle the transfer or sealing procedures for the employee housing provident fund account.