Provident fund loans can be converted into commercial loans. Lenders need to hold relevant loan materials to the bank to be loaned to handle relevant loan procedures, and usually need to meet the following basic conditions:

(1) The borrower transferring the provident fund loan and the borrower of the commercial loan must be the same person;

(2) The original loan has been repaid normally for more than 1 year, and there is no record of overdue repayment provided by the lending bank;

(3) If the housing provident fund is withdrawn due to the purchase of housing, the housing provident fund shall be continuously and normally paid 1 year or more from the date of withdrawal;

(4) Lending must obtain the consent of the original lending bank;

In addition, it must also comply with the national and autonomous region housing provident fund individual housing loan policy.

Extended data:

Process of transferring provident fund loans to commercial loans

1, consultation accepted. If the sub-loan applicant meets the loan conditions after consultation with the original commercial loan bank, the bank staff shall guide the borrower to fill in the personal housing provident fund loan folder correctly and completely.

2. Submission of materials. Submit the relevant information stipulated by the lending institution.

3. Loan acceptance. For eligible borrowers, the entrusted bank conducts a preliminary examination before lending in the provident fund system, and determines the loan amount, term, interest rate and repayment method through consultation with the borrowers according to the preliminary examination results and repayment ability; The entrusted bank conducts the preliminary examination in the provident fund system. If the preliminary examination fails, the borrower shall be notified in time and the reasons shall be informed.

Baidu encyclopedia-commercial loan