You can use provident fund loans to repay commercial mortgage loans, but you need to meet the following conditions:

1. First, you must apply for a provident fund loan. Only when you get the provident fund loan can you use it to repay the commercial mortgage loan.

2. The balance of the provident fund loan must be enough to repay the commercial mortgage loan, and a repayment plan and an intended loan bank need to be provided.

3. Commercial mortgage loans must meet the relevant requirements of lending banks, including repayment methods and interest rates. For example, if the commercial mortgage interest rates is too high, they may refuse to use provident fund loans for repayment.

It should be noted that it is not very common to use provident fund loans to repay commercial mortgage loans. Because the interest rate of provident fund loans is relatively low, and the commercial mortgage interest rates is relatively high, if the repayable interest of a commercial mortgage loan is much higher than that of provident fund loans, then the use of provident fund loans will also generate greater costs. In addition, when using provident fund loans to repay commercial mortgage loans, it is also necessary to bear the relevant procedures and management fees of both lenders. Therefore, before using provident fund loans to repay commercial mortgage loans, it is necessary to conduct a comprehensive financial analysis and comparison to ensure that you can really get economic benefits and meet your personal financial planning.

Can I get a provident fund loan if I have a commercial loan?

Commercial loans can be used for provident fund loans, and commercial loans and provident fund loans do not affect each other. However, in order to meet the requirements of provident fund loans, lenders must deposit provident fund for more than half a year, and employees who have loans in commercial banks can also borrow from the municipal housing provident fund management center. However, when calculating the borrower's repayment ability, the provident fund center should deduct the monthly repayment amount of the borrower's loan in the commercial bank, and calculate the loanable amount according to the remaining repayment ability after deduction.

Extended data:

How to withdraw provident fund from commercial loans to buy a house

1. The unit verifies the relevant extraction certification materials and photocopies provided by individual employees, and the qualified agent of the unit fills in the extraction application form and extraction list uniformly printed by the management center, and applies to the account opening management department with the original and photocopies of relevant certification materials.

2. The cabinet-receiving personnel of the management department shall review the extracted materials, quotas, times and personal account information according to the Management Measures for Extraction. To meet the extraction conditions, go through the extraction procedures; For those who are not allowed to withdraw after examination, inform the reasons for not allowing withdrawal; If you can't reply in time under special circumstances, you should consult the director of the management department and the relevant departments of the management center, and give the unit a clear answer within three days.

3. After the cumulative withdrawal amount of the extractor reaches the extractable limit, it can apply for withdrawal again for other reasons.

If the withdrawal money is not transferred to the designated account within 4.3 working days, the unit or individual can inquire through the management department.

5 housing provident fund extraction in principle by the unit manager. When there is a dispute between an individual and a unit over the withdrawal of housing provident fund, if the unit fails to handle the withdrawal procedures of housing provident fund for employees, the management department shall coordinate.

6. Employees who are sealed in the centralized storage warehouse and meet the extraction conditions can go through the extraction procedures at the management department with the original and photocopy of their ID cards, their savings account numbers and relevant supporting materials. After receiving the cabinet, the management department shall handle it according to the personal extraction business process.

Can commercial real estate apply for provident fund loans?

Commercial real estate cannot apply for provident fund loans. Because of the scope of provident fund loans, there are two kinds of real estate that are not within the scope of loans, one is the right to use the house, and the other is the commercial house.

Commercial housing refers to self-operated commercial housing or office space, which is different from self-occupied and self-occupied housing. Individuals who purchase commercial housing cannot apply for housing provident fund loans.

Commercial real estate can be mortgaged. Since the central bank cut interest rates on 20 17, 17124 October, the latest benchmark interest rates implemented by banks are as follows: the interest rate for loans with less than one year is 4.35%; The annual interest rate for one year to five years is 4.75%; More than five years is 4.9%. In 20 18 years, banks will also implement this benchmark interest rate. As for the real interest rate of housing mortgage loans, banks will generally determine it according to the borrower's comprehensive qualifications and comprehensive housing situation. At present, bank housing mortgage loans are divided into self-owned property and mortgage property mortgage loans, and the interest rates of the two loans are different. The interest rate of mortgage loan is usually higher than that of self-owned property.

At present, housing that can be purchased with provident fund loans includes real estate developed by real estate enterprises; Purchase public housing that can be sold according to regulations; Buy second-hand houses with property rights in the real estate market.